FRAXION | SOLUTIONS

Powerful procurement software

Procurement software that maximizes time and cost savings, and guides smarter purchasing decisions to reduce your operational spend.

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Proactive spend management

Replace manual processes, automate and accelerate purchasing and approval workflows, and proactively manage your business spend with insights, transparency and compliance.

 

PunchOut

Purchase requisition-to-PO

Purchase requisitioning and automated PO processes

 

 

 

Multi-level approval workflows

Approval workflows

Flexible multi-level approval workflows

 

 

Invoice approval

Invoice approval

Electronic invoice capture, approvals and matching

 

 

Catalogs

PunchOut & Catalog

Simplified purchasing from approved suppliers

 

 

 

 

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Budget control

Real-time budget tracking and insights at decision points

 

 

Audit & policy compliance

Audit & policy compliance

Transparency and internal controls

 

 

Expense management & travel

Expense management & travel 

Expense claims, travel requests and approvals

 

 

 

 

Project accounting

Insights

Embedded spend analytics and reporting power

 
Mobile app
Mobile app
Buy, claim, review and approve from any location
NEW SERVICES

Coming soon

 

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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.

 

Al Based OCR

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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Purchase workflows and PO process

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.

Tick Purchase requisitions

Invoice approval Automated purchase orders 

Invoice approval Decentralized ordering

Invoice approval Supplier approval and supplier diversity tracking

Invoice approval 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.

Invoice approval Custom multi-level approval workflows

Invoice approval Enable proxies

Invoice approval Remote approvals

approval workflow
Invoice approval

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.

Invoice approval Improve accuracy

Invoice approval Match invoices to purchase orders and receipts

Invoice approval 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.

Invoice approval Shop from vendor maintained PunchOut catalogs

Invoice approval Host internal digital catalogs

Invoice approval Leverage approval workflows

PunchOut catalog integration
Budget insight
 

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.

Invoice approvalMultiple budget reporting structures

Tick Point-of-decision metrics

Tick Gauge budget impact before committing to spend

Tick 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.

Invoice approval Active policy management

Invoice approval Enable alerts and notifications to mitigate risk

Invoice approval Audit trails and accountable spending

Audit trails
Expense management

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.

Invoice approval Mobile expense management and approvals

Invoice approval Snapshot and attach receipts

Invoice approval Travel requisitions

Invoice approval Fewer delays and errors and faster reimbursement

Invoice approval 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.

Tick Gain transactional spending insights

Tick Measure processing costs

Tick Analyze spend by supplier, employee and budget

Tick Identify price variations and top performing suppliers

Spend analytics software
Mobile requisition app

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.

Tick Purchase and expense requests

Tick Real-time budget insight

Tick Audit trails, alerts and notifications

Tick Approvals

Spend management solution users

Testimonials

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.”

Healthcare: aTyr Pharma Jason S, Associate Director, Operations

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."

Non-profit: MUWRP Albert M, ICT Manager

Accountability
“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.”

Utilities: Mesa Water District Anthony P, Controller

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