Powerful procurement software
Procurement software that maximizes time and cost savings, and guides smarter purchasing decisions to reduce your operational spend.
Purchase requisition-to-PO
Purchase requisitioning and automated PO processes
Approval workflows
Flexible multi-level approval workflows
Invoice approval
Electronic invoice capture, approvals and matching
PunchOut & Catalog
Simplified purchasing from approved suppliers
Budget control
Real-time budget tracking and insights at decision points
Audit & policy compliance
Transparency and internal controls
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Expense management & travel
Expense claims, travel requests and approvals
Insights
Embedded spend analytics and reporting power
Advanced spend analytics
Coming soon
Insights BI and reporting tool expansion
New role-specific dashboards for approval efficiency, PO, and AP management. Improve auditability with user and role-specific reports. Track individual KPIs and gain deeper spend insights to identify saving opportunities.
AI-based OCR
Coming soon
Advanced image recognition using MS Form Recognizer
Leverage the power of artificial intelligence (AI) and data mining to accelerate processes and streamline AP workflows. Automate the capture of data from invoices and reduce cycles. Get more savings from more efficient processes.
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Streamline your purchasing workflows and PO process
An easy-to-use interface with quick data entry for purchase requisitioning that channels spend to approved suppliers. Drag and drop supporting documents to verify requests and generate purchase orders from approved requests.
Purchase requisitions
Automated purchase orders
Decentralized ordering
Supplier approval and supplier diversity tracking
Change orders
Accelerate approvals
From simple to complex structures, Fraxion’s powerful routing engine fast-tracks requests with spend thresholds and multi-level escalation. Email notifications and in-app alerts initiate action and manage risk.
Custom multi-level approval workflows
Enable proxies
Remote approvals
Free-up valuable AP time
Eliminate overpaying with two or three-way matching capabilities and invoice approval processes. Bulk updating capabilities, supporting document uploads and variance alerts make it easy to achieve accuracy and internal control in your AP workflow.
Improve accuracy
Match invoices to purchase orders and receipts
Electronic pro-forma and invoice management
Get quick access to products with approved suppliers
Leverage your approval workflows and ensure secure purchasing from contracted suppliers. Easy online shopping experiences within Fraxion, with access to millions of products from PunchOut catalogs or curated goods and services in hosted internal catalogs. Eliminate rogue spending and optimize your spend with contracted vendors that provide the best value.
Shop from vendor maintained PunchOut catalogs
Host internal digital catalogs
Leverage approval workflows
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Eliminate overspending
Track your spend against budget, report on budget vs actuals and gain real-time budget insight and potential impact at decision points. Improve spending behavior by gaining budget visibility and enabling informed decision making.
Multiple budget reporting structures
Point-of-decision metrics
Gauge budget impact before committing to spend
Budget control
Manage risk and improve auditability
Improve compliance with auditing protocols with detailed audit trails including date and time stamps for key action items. Configure your company spending policies and rely on email notifications and policy-based alerts to flag transactional risk or non-compliance.
Active policy management
Enable alerts and notifications to mitigate risk
Audit trails and accountable spending
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Manage expenses
With Fraxion's expense reporting software you can manage per diems, cash advances, travel requests, itineraries and expense reports with ease and fast-track reimbursement processes.
Mobile expense management and approvals
Snapshot and attach receipts
Travel requisitions
Fewer delays and errors and faster reimbursement
Expense and travel policy enforcement
Drive strategic savings
Get a holistic view of your business spend to make strategic decisions and spend reductions that will positively impact your bottom line. Get actionable insights and identify saving opportunities with our business intelligence (BI) and reporting tool. Get the visibility you need to understand how your business spends.
Gain transactional spending insights
Measure processing costs
Analyze spend by supplier, employee and budget
Identify price variations and top performing suppliers
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Request and approve with simplicity and speed
A user-friendly mobile app for purchase requisitioning, expense management, budget review and approvals. Fast-track your processes with on demand requisitioning and approvals that make it easy to spend less. Access system-configured currencies, tax rates, budgets, approved vendors and cost centers on your mobile phone.
Purchase and expense requests
Real-time budget insight
Audit trails, alerts and notifications
Approvals