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FRAXION

#1 Procurement software

Automate procurement and AP processes and gain policy compliance, complete visibility, and spend control with one mobile, easy-to-use solution.

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Trusted by these leading South African organizations

  • “

    "We have very complex requirements and need to work with service providers that can workshop solutions and understand our unique requirements to adequately cater to our needs. Fraxion was able to do that."

    "It's saving so much time and making things so much easier."

    "We've decreased our travel spend by over 50%" 

    Rene Abreu

    Group Procurement Manager

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  • “

    "One of the most significant benefits of Fraxion has been its impact on the approval process, particularly for EXCO members. Previously, approvers had to manage large volumes of paper-based approvals, often without real-time insight into budget status. With Fraxion, this process has been fully digitized, allowing approvers to view actual and committed spending against their budgets in real time. This transformation has streamlined approvals, eliminated paperwork, and improved efficiency. As a result, decision-making is now quicker, more transparent, and more informed, making Fraxion a game-changer for budget management and financial oversight.”

    Michaelhouse

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  • “

    "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.”

    Cube Workspace

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  • “

    “I don’t have to check up on people, and I gain time to do other things I should be doing. We put out maybe a thousand invoices a month through Fraxion. I think we’d have to hire an additional two people in the department if we didn’t have it. Automation is a big part of the improvement. That plus the fact that things are systematically controlled. It’s crazy to think about how we used to operate now that we have Fraxion as an automated system.”

    Cube Workspace

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Benefits to automating your procurement process

 

 

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Efficiency

Simplify procurement processes and save time with ease of use and adoption.
 

 

 

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Cost savings

Proactively manage procurement processes and spending and reduce your operational costs
 

 

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Visibility

Through detailed transaction records that provide a clear view of your procurement activities
 
 

 

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Mobility

Empower your team to spend responsibly wherever they are. Buy, claim, review budgets, and approve on-the-go

 

 

 

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Compliance

Ensure that all purchases are tracked, in budget, and procurement policy compliant
 
 

 

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Accountability

Reduce errors and ensure clarity with efficient authorization workflows
 
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                                          PROCUREMENT SOFTWARE

                             Explore the features

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Purchase requisitions

Simplify processes, speed up approvals

  • Easy web and mobile app requisitioning
  • Select from approved vendors or submit new vendors for approval
  • Upload supporting documents
  • Ensure accurate cost allocation
  • Submit for approval
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Budget & policy controls

 Stay compliant with ease

  • Custom approval workflows and delegation of authority
  • Review budget impact before approving requests
  • View available and committed budgets
  • Actively manage policy compliance with alerts and notifications
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Purchase order automation

Automated POs, effortless matching, mobile PO visibility

  • Create purchase orders from approved requests
  • Auto email POs to vendors from the system in seconds
  • Customize POs with your business logo and branding
  • Fast track PO processes and improve order accuracy
  • Centralize records and link POs to invoices for easy matching and receiving
  • Rate and review vendor performance 
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AP automation

Eliminate manual entry and costly errors

Save time and improve accuracy with automated AP processes and reduce the risk of overpayment. 

  • Email, drag and drop or upload invoices 
  • Gain instant AI data extraction from single to multi-page invoices
  • Easy AI accuracy review
  • Simplify 2 or 3-way matching processes
  • Automate invoice approval
  • Eliminate variance and duplicate invoice risks
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Analytics & reporting

Gain visibility and control over your spending

  • Analyze and report spend by employee, vendor, budgets, and transactions
  • Identify cost saving opportunities
  • Leverage community insights to benchmark your purchasing cycle times
  • Gain actionable insights to improve your purchasing processes
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Expense management

Capture expenses instantly, anywhere

Manage expenses, travel, cash advances, and per diems.

  • Capture expenses as the happen and snapshot receipts via the mobile app
  • Speed up reimbursements
  • Manage pre-approval of travel expenses 
  • Ensure accountable spending and compliance with travel and expense policies

Simplify processes, speed up approvals

  • Easy web and mobile app requisitioning
  • Select from approved vendors or submit new vendors for approval
  • Upload supporting documents
  • Ensure accurate cost allocation
  • Submit for approval

 Stay compliant with ease

  • Custom approval workflows and delegation of authority
  • Review budget impact before approving requests
  • View available and committed budgets
  • Actively manage policy compliance with alerts and notifications

Automated POs, effortless matching, mobile PO visibility

  • Create purchase orders from approved requests
  • Auto email POs to vendors from the system in seconds
  • Customize POs with your business logo and branding
  • Fast track PO processes and improve order accuracy
  • Centralize records and link POs to invoices for easy matching and receiving
  • Rate and review vendor performance 

Eliminate manual entry and costly errors

Save time and improve accuracy with automated AP processes and reduce the risk of overpayment. 

  • Email, drag and drop or upload invoices 
  • Gain instant AI data extraction from single to multi-page invoices
  • Easy AI accuracy review
  • Simplify 2 or 3-way matching processes
  • Automate invoice approval
  • Eliminate variance and duplicate invoice risks

Gain visibility and control over your spending

  • Analyze and report spend by employee, vendor, budgets, and transactions
  • Identify cost saving opportunities
  • Leverage community insights to benchmark your purchasing cycle times
  • Gain actionable insights to improve your purchasing processes

Capture expenses instantly, anywhere

Manage expenses, travel, cash advances, and per diems.

  • Capture expenses as the happen and snapshot receipts via the mobile app
  • Speed up reimbursements
  • Manage pre-approval of travel expenses 
  • Ensure accountable spending and compliance with travel and expense policies
INTEGRATIONS

Connect Fraxion with your financial business tools

Fraxion complements and extends these and more accounting and ERP solutions with effective procurement management.

Don't see your financial system here? Let's chat, we have various levels of automation for communicating with all accounting systems and ERPs.

 

Spend smarter and save

Mid-size companies worldwide trust Fraxion to manage their procurement workflows and guide company-wide spending behavior.

See how you can achieve procurement efficiency and proactive spend management.

Book a procurement software demo, customized to your business needs

Get in touch with a product specialist.