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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.
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We get a good return on investment
“I’m a big fan of Fraxion, it’s really easy to use. With Fraxion, we enter the info in the system, even from remote locations. Everything goes through the approval process automatically. Most orders only take one to two minutes to complete.
What’s more, Fraxion interfaces seamlessly with our finance system and maintains the full approval flow, so it’s easy for auditors to see that everything is correct. We get a good return on investment, that’s for sure.”
Associate Director of Operations, Biotechnology
Jason S. -
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. -
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.
Efficiency
Cost savings
Visibility
Mobility
Compliance
Accountability
Purchase requisitions
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Easy, mobile purchase requisitioning
- 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
Internal controls
Approvals, budget control and policy compliance
- 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
Purchase order automation
Purchase order automation
- 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
AP automation
Accounts payable automation
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
PunchOut & Catalog
eProcurement simplified
- Connect eCommerce catalogs via PunchOut or PunchIn integration
- Upload and self-manage approved vendor catalogs
- All purchases are routed for approval with budget and policy checks.
- Automate your PunchOut and Catalog purchase orders rom approved requests.
- Purchase from approved vendors at pre-negotiated prices
Spend analytics
Purchasing analytics & reporting
- 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
Expense management
Easy expense management
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
Easy, mobile purchase requisitioning
- 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
Approvals, budget control and policy compliance
- 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
Purchase order automation
- 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
Accounts payable automation
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
eProcurement simplified
- Connect eCommerce catalogs via PunchOut or PunchIn integration
- Upload and self-manage approved vendor catalogs
- All purchases are routed for approval with budget and policy checks.
- Automate your PunchOut and Catalog purchase orders rom approved requests.
- Purchase from approved vendors at pre-negotiated prices
Purchasing analytics & reporting
- 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
Easy expense management
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
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