Proactive spend management
Replace manual processes, automate and accelerate purchasing and approval workflows, and proactively manage your business spend with insights, transparency and compliance.
Purchase requisitioning and automated PO processes
Flexible multi-level approval workflows
Electronic invoice capture, approvals and matching
PunchOut & Catalog
Simplified purchasing from approved suppliers
Real-time budget tracking and insights at decision points
Audit & policy compliance
Transparency and internal controls
Expense management & travel
Expense claims, travel requests and approvals
Embedded spend analytics and reporting power
See the features in action
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.
Automated purchase orders
Supplier approval and supplier diversity tracking
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
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.
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
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
Gauge budget impact before committing to spend
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
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
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
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
Ease of use and ROI
“Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone, they can start using it immediately, it’s so intuitive. We definitely get a good return on investment. What’s more, Fraxion interfaces seamlessly with our Microsoft Dynamics GP finance system and keeps the full approval flow, so it’s easy for auditors to see that everything’s correct.”
Cut approval times in half
“Before Fraxion, the purchase request, ordering and approval process was largely slow, bureaucratic, manual and paper-based. Fraxion has singularly improved transparency, eliminated 90% paperwork, cut approval times in half and summarily improved productivity in procurement. Fraxion has also allowed the continuation of work processes during the COVID-19 pandemic and has ultimately been a cornerstone to the Technology Support Services Digital Transformation Strategy."
“Fraxion has streamlined our purchasing and procurement process tremendously. And it definitely has alleviated the need for our buyer to do so much manual work. We have better accountability in tracking approvals.”