Embedded spend analytics and reporting power
Buy, claim, review, and approve wherever you are
Coming Soon
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.
Coming soon
Connect your technology stack with Fraxion
Connect, communicate and collaborate with seamless API to API-based business solution integrations.
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
PO change orders
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.
Configurable multi-level approval workflows
Enable proxies
Remote approvals
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
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
Point-of-decision metrics
Gauge budget impact before committing to spend
Budget control
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 logs and accountable spending
Configure policies and ensure compliance. 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.
Easy expense and travel requisitioning
Document management
Fewer delays and errors and faster reimbursement
Expense and travel policy enforcement
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