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Approval workflows

Control spend before it’s committed

Control spend, speed up approvals, and reduce policy exceptions with workflows that ensure every purchase is reviewed and approved before it’s committed.

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Requisition approval
Reduce cycle times

Cut approval times in half and keep spending on track

Unapproved spend is one of the biggest hidden costs in mid-market finance. Without a structured purchase approval process, organizations lose 2–10% in potential savings to maverick spending, duplicate purchases, and policy violations, often without realizing it.

Fraxion’s automated approval workflow software eliminates those gaps by routing every purchase request through the right approvers, in the right order, before money is spent. The result: customers report 50%+ faster approval times, full spend visibility, and measurable savings recovery across the entire procure-to-pay cycle.

2–10%

Savings recovery

Recover 2–10% in savings lost to unapproved spend

50–80%

Faster approvals

Approve purchases 50–80% faster with automated workflows

Approver reviewing approval-time analytics

Spend control

Get the right approvals, on time, and on budget

Manual approvals are the primary bottleneck in procurement, leading to delays, missed sign-offs, rework, and policy compliance gaps. Fraxion’s approval workflows eliminate manual bottlenecks by ensuring every purchase request is routed or escalated correctly and authorized before commitment.

On demand approvals

Approve with confidence, wherever you are

Gain faster, more informed approvals with full context, visibility of budgets, supporting documents, and vendor details, from any location via the web or mobile app, and Microsoft Teams.

  • Email notifications and in-app alerts initiate action and manage risk

  • Ensure accurate cost allocations

  • Review a request’s impact against real-time budgets

  • Verify purchases by reviewing supporting documentation and vendor information

  • Instantly approve, reject, or request more information

  • Track the status and history of approvals

Multi-level, role-based approvals with mobile flexibility. Achieve 50–80% faster approval times.

Mobile approval on phone
Configurable approval workflow rules
Flexible workflows

Approval rules that match how your company works

Faster, more controlled approvals with workflows that adapt to your company’s policies, spending limits, and hierarchies. From simple sign-offs to multi-level escalations across departments and entities.

Fraxion’s multi-level approval workflows empower businesses to:

  • Ensure delegation of authority

  • Align approvals with spending levels and thresholds

  • Customize approval thresholds based on request type

  • Automate approvals based on cost allocation structures

  • Enable auto-escalation after a specific time period

  • Configure self-approval options

  • Authorize bypass conditions by threshold, budget, or variance

Guide spending behavior and ensure only approved, compliant spend is committed.

Insights

See where approvals are slowing down, and why

Speed up approvals, reduce bottlenecks, and boost efficiency by identifying opportunities to streamline every stage of the approval workflow.

  • Evaluate the performance of individual approvers and approval groups

  • Benchmark your approval cycle times against peer organizations

  • Gain actionable insights to improve the efficiency of your approval processes

  • Optimize approval times

    Analyze your approval process to drive improvements and reduce cycle times.

Approver performance analytics

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Efficiency

Replace manual approval delays and bottlenecks with automated workflows.

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Compliance

Improve control, speed, and compliance with policy-based approvals, rules, and thresholds.

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Transparency

Ensure accountable spending and complete auditability across every approval.

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Risk management

Ensure that all business spending is tracked, approved, on budget, and policy compliant.

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Automation

Replace manual processes

Faster, more efficient digital workflows eliminate paper requests, email threads, lost documentation, and approval delays, while providing complete audit trails.

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Approval

Improve compliance

Say goodbye to unauthorized purchases and overspending. Fraxion’s automated approval workflows ensure the right level of authorization, escalation, and budget impact review before any costs are incurred.

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Accountability

Drive responsible spending

Strengthen audit readiness and spend control across the organization with automated purchasing workflows, proactive policy enforcement, and transparent audit trails.

One of our key requirements is a robust approval matrix. Fraxion supports our complex needs with multiple levels and departmental thresholds, unlike many software products, limited to basic thresholds or locations. This setup meets our requirements and reduces financial risk.

Kevin W.

Director of IT Services | The Hotchkiss School

Approval, compliance, and budget visibility for every purchase.

See how Fraxion improves approval speed, control, and compliance. Book a demo tailored to your business needs.

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Fraxion mobile approvals