Get the right approvals, on time, and on budget
Discover how purchasing software reduces the primary bottleneck in procurement: the purchase requisition approval process. Organizations relying on manual approvals often face challenges such as errors, delays, and a notable 30% increase in purchasing cycle time compared to those adopting mobile purchasing software solutions.
Embrace the power of purchasing software to enhance your procure-to-pay procedures and effectively manage risks. Fraxion's approval workflows are engineered to ensure every purchase request is accurately routed or escalated, ensuring authorization before any financial commitments are made. This strategic approach not only streamlines operations but optimizes purchasing efficiency and spend control.
Approve with confidence, wherever you are
Accelerate approvals from any location with instant approvals via the purchasing software's web interface or mobile app.
- 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 - review supporting documentation and vendor information
- Instantly approve, reject or request more information.
- Track the status and history of approvals
Customize approvals with flexible purchasing software
Customize and scale your approval workflows based on your company's policies, spending limits, and hierarchies. From simple to complex structures, Fraxion’s powerful routing engine enables multi-level escalation.
Fraxion's purchasing software empowers 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: above threshold, on budget, or variance
Automate workflows and simplify compliance with purchasing software.
Analyze approval workflows
Analyze the efficiency of your approval workflows and identify opportunities to improve approval times. Operational efficiency dashboards provide insights, analysis, and helpful tips.
- Evaluate the performance of individual approvers and approval groups
- Analyze approval workflows
- Gain actionable insights to improve the efficiency of your approval processes
- Optimize approval times
Replace manual processes
No more paper-based requests, tedious email threads, lost documentation, and approval delays. Instead, you gain fast, efficient digital notifications and workflows with complete audit trails.
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.
Drive responsible spending
Automation enables more visibility and control throughout purchasing workflows. Guide your team's spending behavior with proactive policy management and transparent audit trails.
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Highly recommended for simplicity, approval management and faster processes
“We're able to keep our costs down and have the peace of mind that requests are getting the right approvals. Auditing has been smoother since implementing Fraxion. We get great support from the consultants as well. We're really happy with the system and get a good return on investment.”
Information Technology
Kelly C. -
Fraxion curtails unauthorized spend
“All items need to be fully approved on Fraxion in order for the purchase order to be generated. We will only make payment if there is a PO for the relevant supplier invoice. This has reduced the amount of unauthorized spend in the business.”
Group Financial Accountant
Lauren R. -
Excellent requisition solution
“This software has been a huge improvement over our previous system and has greatly enhanced the efficiency of our process. It is easy to use for our Accounting department and end users. We looked at multiple other products but chose Fraxion because it had the strongest requisition ability.”
Controller
Steve R. -
Ease of use and simplicity
"Fraxion requires that all operational/club level management follow the same procedure with regards to procurement, which creates uniform workflows, documentation and processes. This eases up the workload in the finance department due to the centralization of all requests and purchase orders. Audit trails, compulsory approval workflows and a vast record of historic procurement documentation allows for missing transactions and other queries related to procurement to be resolved without difficulty. Fraxion also scales well as we are continuously expanding as a company. Ease of use and simplicity of the system enables new users to phase into the workflow effortlessly.”
Health & Fitness
Theuns S.
See Fraxion's purchasing software in action: get a customized demo
Get in touch to discuss your business needs and arrange a demo.