Custom multi-level approval workflows
Purchasing software with advanced purchase requisition and approval workflows.
Get the right approvals, on time, and on budget
Ask anyone with a manual purchasing process what the primary bottleneck is and you’ll usually hear – the purchase requisition approval process. Manual approvals are usually error-prone, delayed, and come with a hefty 30% increase in purchasing cycle time over peers who utilize mobile purchasing software.
Streamline procure-to-pay processes and manage risk with Fraxion's advanced approval workflows that ensure that every request is routed or escalated appropriately, and authorized before any costs are incurred.
Approve with confidence, wherever you are
Accelerate approvals with alerts and notifications and the ability to instantly approve requests via the web or mobile app, from any location.
- 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 based on your business needs
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.
- 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
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.
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.
See Fraxion's approval workflow engine in action
Get in touch to discuss your business needs and arrange a customized demo.