Proactive spend management

 

Drive adoption and compliance with an intuitive UI and comprehensive procurement suite.

See the features in action

 

Streamline your purchasing workflows and PO process

An easy-to-use interface with quick data entry for remote purchase requisitions that channel spend to approved suppliers. Drag and drop supporting documents to verify requests and generate purchase orders from approved requests.

Approval Purchase requests on-the go

Approval Supplier approval

Approval Purchase order management

 

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.

Approval Configurable multi-level approval workflows

Approval Enable proxies

Approval 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.

Approval Improve accuracy

Approval Match invoices to purchase orders and receipts

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. Optimize your spend with contracted vendors that provide the best value.

Approval Shop from vendor maintained PunchOut catalogs

Approval Host internal digital catalogs

Approval Leverage approval workflows

 

Drive strategic savings

Eliminate overspending. Track your spend against budget, report on budget vs actuals and gain real-time budget insight at decision points. Get a holistic view of your business spend, by category to make strategic decisions and meaningful spend reductions that will positively impact your bottom line.

Approval Multiple budget reporting structures

Approval Point-of-decision metrics

Approval Gauge budget impact before committing to spend

Approval Budget internal controls

 

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.

Approval Ensure policy compliance

Approval Enable alerts and notifications to mitigate risk

Approval Audit logs and accountable spending

 

Eliminate rogue 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.

Approval Easy expense and travel requisitioning

Approval Document management

Approval Ensure policy compliance

“Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone. They can start using 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.”

Jason S, Associate Director, Operations
aTyr Pharma

"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 for Makerere University Walter Reed Project."

Albert M , ICT Manager
MUWRP

“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 when tracking approvals.”

Anthony P, Controller
Mesa Water District

“Fraxion gives me more transparency, so I can see everything I need to see. I don’t have to check up on people. So it definitely gives me a lot more time to do other things that I should be doing and allows me a level of peace of mind that the system is doing what it needs to do. I don’t have to rely on people to be amazing because the system is.”

Sean F, Finance Director
Cube Workspace

“We were able to start with the system with only 10 users and it has easily scaled with us to almost 400. It’s allowed us to save at least 4-5 jobs in purchasing.”

Brad P, Materials Manager
Biofire Diagnostics

“Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone. They can start using 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.”

Jason S, Associate Director, Operations
aTyr Pharma

"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 for Makerere University Walter Reed Project."

Albert M , ICT Manager
MUWRP

“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 when tracking approvals.”

Anthony P, Controller
Mesa Water District

“Fraxion gives me more transparency, so I can see everything I need to see. I don’t have to check up on people. So it definitely gives me a lot more time to do other things that I should be doing and allows me a level of peace of mind that the system is doing what it needs to do. I don’t have to rely on people to be amazing because the system is.”

Sean F, Finance Director
Cube Workspace

“We were able to start with the system with only 10 users and it has easily scaled with us to almost 400. It’s allowed us to save at least 4-5 jobs in purchasing.”

Brad P, Materials Manager
Biofire Diagnostics

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