Fraxion | Purchasing

Spend smarter and save

Small to mid-sized companies worldwide trust Fraxion to manage purchasing workflows and guide spending decisions.

Fraxion automates requisition-to-PO and expense report processes. The solution ensures policy compliance, provides budget visibility at decision points and routes requests through escalating multi-level approval workflows.

Users enjoy the ease-of-use, procurement reduces cycle times and costs, AP saves valuable time and the C-Suite loves the savings!

Integrated with your ERP / accounting solution or standalone, Fraxion delivers proactive spend management, auditability and sustainable savings.

Seamless integrations

Fraxion complements and extends these and more accounting / ERP solutions and connects with Amazon Business, Staples, and many more PunchOut vendors.

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

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XERO

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Requisition-to-PO

Create purchase requests, attach documents, manage vendor approval, automate PO creation from approved requisitions, email POs directly from the system and submit and approve change order requests.

Expense & travel

Submit expense claims via the web or mobile app. Capture expenses as they happen, snapshot receipts and approve requests remotely. Submit travel requests and ensure pre-approval and travel policy compliance.

Approval workflows

Flexible multi-level approval workflows for purchasing and expenses with email notifications and in-app alerts. Streamline invoice approval and 2 or 3-way matching.

Budget & policy control

Ensure spending is policy compliant and remains within defined budgets. Track spend against budget and report on budgets vs actuals.

Analytics & reporting

Business intelligence and reporting tools to track and report on spend with real-time budget insight and embedded analytics.

PunchOut & catalogs

Online collaboration tools that simplify purchasing from PunchOut vendors and internal catalogs.

Mobile app

Easy purchasing, expenses, budget review, and approvals on your mobile phone, from any location.

Ease of use and ROI
“Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone. They can start using it immediately, it’s so intuitive. We definitely get a good return on investment. What’s more, Fraxion interfaces seamlessly with our Microsoft Dynamics GP finance system and keeps the full approval flow, so it’s easy for auditors to see that everything’s correct.”

Cut approval times in half
“Before Fraxion, the purchase request, ordering and approval process was largely slow, bureaucratic, manual and paper-based. Fraxion has singularly improved transparency, eliminated 90% paperwork, cut approval times in half and summarily improved productivity in procurement. Fraxion has also allowed the continuation of work processes during the COVID-19 pandemic and has ultimately been a cornerstone to the Technology Support Services Digital Transformation Strategy."

Accountability and process efficiency
“Fraxion has streamlined our purchasing and procurement process tremendously. And it definitely has alleviated the need for our buyer to do so much manual work. We have better accountability in tracking approvals.”

Internal controls
“As OSN has grown across the MENA region, Fraxion Spend Management has proven to be a system that easily integrates new operations with the central business office. Fraxion facilitates a simple approval process that allows the business to move swiftly in the marketplace, whilst providing OSN with the ability to maintain the internal controls needed across our widespread international locations.”