Name: Fraxion
Brand: Fraxion
Rating: 4.4 (193 reviews)

Natural resources

From dispersed field purchasing to centralized spend visibility

Remote sites, field teams, and high-volume contractor and supplier spend create the perfect conditions for cost overruns, unauthorized purchasing, and AP backlogs, all compounding quietly across every site and project while finance teams struggle to maintain visibility and control from the office.

Manual procurement and disconnected AP processes don't just slow operations down, they create financial risk and erode project profitability.

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Field-to-finance visibility and spend control

Every purchase request, approval, and invoice tracked in real time, with policy enforcement and budget visibility built into every transaction.

Cost allocation accuracy

Every dollar automatically allocated to the right site, project, and cost center, eliminating manual reconciliation across complex cost structures.

Faster AP processing

High invoice volumes processed automatically, cutting AP cycle times by up to 80%.

Audit readiness

Complete digital audit trails for every transaction across every site, keeping your organization audit-ready at all times.

Mobile purchasing and approvals

Fast, compliant purchasing from any remote site, on any device

Give field operators and remote site teams a fast, mobile way to purchase and approve from any location, while finance teams maintain real-time spend visibility, budget controls, and full auditability over every transaction.

Stay in control of field purchasing as teams submit and approve from web, mobile, or Microsoft Teams
Protect project budgets by reviewing spend impact at every approval point before spend is committed
Remove manual processing with POs generated automatically from approved requests
Manage contractor, maintenance, and services procurement with the same approval controls and auditability as goods purchasing
Manage expenses, travel, per diems, and cash advances from any remote location
Prevent overpayment by receiving goods and services against open POs from the mobile app, on-site
Keep every field transaction tracked, policy-compliant, and audit-ready

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PunchOut integrations and vendor compliance

Give teams purchasing freedom. Give finance teams complete control.

Free field and services teams from manual purchasing, giving them more time for exploration, development, and production. Purchase directly from approved supplier storefronts at pre-negotiated prices, with complete spend control, visibility, and auditability.

Integrate approved vendor catalogs with PunchOut, including Grainger, Amazon Business, ULINE, HD Supply, and more
Eliminate rogue spend with every purchase made at pre-negotiated prices from approved suppliers
Host internal catalogs for standardized operational supplies and equipment
Manage spending with policy controls, budget checks, and approval workflows for catalog and PunchOut purchases
Consolidate supplier spend to qualify for volume discounts and better contract terms

Learn more about PunchOut →Learn more about Catalogs →

Accounts payable

High invoice volumes. Multiple sites. One automated AP process.

Natural resources operations generate high volumes of contractor, services, and supplier invoices across multiple remote sites and manual AP processing simply can’t keep up. Fraxion automates the entire invoice lifecycle, giving AP teams the speed and accuracy to process high volumes, allocate costs correctly, and close the books faster.

Cut AP cycle times by up to 80%, from 10–14 days to as little as 2–4 days
Process high volumes of contractor, services, and supplier invoices without adding headcount
Eliminate manual data entry, reduce error rates, and flag exceptions automatically with AI-powered capture that extracts invoice data at 95% accuracy
Prevent contractor overpayment by matching invoices against POs and receipts and flagging discrepancies before payment
Allocate invoice costs accurately across multiple sites, wells, projects, and cost centers
Approve invoices remotely from any site or location, keeping AP moving without office-based delays
Cut invoice error rates, reducing contractor disputes and reconciliation time
Post only pre-approved, policy-compliant invoices to your financial system

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Spend analysis, AFE tracking, and reporting

Total spend visibility across every site, well, and project

Stop managing complex cost structures in spreadsheets, give finance teams oversight of spend across every remote site, well, and project, with Authorization for Expenditure (AFE) tracking, accurate cost allocation, and the reporting needed to protect budgets, control operational spend, and make faster, more informed decisions.

Track and allocate costs across multiple sites, wells, projects, and AFEs in real time
Know exactly what every site and project is costing with operating and capital expenditure tracked by site, well, and cost center
Protect budgets by reviewing available and committed spend at every approval point before costs are incurred
Instantly generate on-demand reports by site, budget, supplier, and user
Identify cost-saving opportunities and consolidate vendors across every site and project
Track maintenance and repair costs against specific equipment and assets, and know when replacement is more cost-effective than continued repair

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Is Fraxion's procurement software easy to adopt for non-technical users?

Can users access Fraxion via their mobile phones?

Can we track expenditure against projects and budgets?

Yes, you can track expenditure against projects and budgets, and review available and committed spend in real-time before approving or incurring any costs. These features can assist in keeping AFE spending on track and on budget.

Reporting on spend by transaction, budget, vendors, and users is also supported by the system.

Does Fraxion enable cash advance, expense claims, travel, and per diem requests and approvals?

Can I integrate my preferred vendors' catalogs?

Yes, Fraxion integrates with natural resources vendors such as Amazon, Grainger, ULINE, and HD Supply.

We can integrate with any vendor that is cXML-enabled. If a vendor is not cXML-enabled, we work with a third-party consultancy that can assist in getting vendors PunchOut-enabled.

Fraxion also enables internal catalog hosting via our Catalog module.

Control spend across every site and project

Companies we work with

From dispersed field purchasing to centralized spend visibility

Why natural resources companies choose Fraxion

Field-to-finance visibility and spend control

Cost allocation accuracy

Faster AP processing

Audit readiness

How Fraxion supports finance teams in natural resources

Fast, compliant purchasing from any remote site, on any device

Give teams purchasing freedom. Give finance teams complete control.

High invoice volumes. Multiple sites. One automated AP process.

Total spend visibility across every site, well, and project

Your operations are complex. Your procure-to-pay process doesn’t have to be.

FAQs

Procure-to-pay

Vendor catalogs

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