Approval workflow automation is the key to an optimized request-to-PO system

When asked about their current purchasing processes, the majority of purchasing managers we’ve worked with have experienced these challenges:

• Manual process delays and inaccuracies
• Outdated or re-purposed systems, like SharePoint, Excel worksheets and email, are deployed as a stopgap solution and left in place for too long
• Approval bottlenecks
• Unauthorized spend
• Overspending

Remove manual purchasing processes and outdated systems. A lot of companies are mired in legacy processes and continue to use systems that require more work and make reporting impossible. 

Automation streamlines every step of the purchasing process and provides a simplified experience for every user – purchasers, approvers and accounting alike. Purchasing automation reduces lost requisitions, potential data entry errors, risk of fraud or overspending and shrinks the requisition-to-PO time from a week to mere hours. The improved efficiency helps purchasing departments save 30% or more in the entire purchasing cycle.

Fraxion streamlines and replaces manual steps with best practices to create an efficient end-to-end purchasing process, eliminating everyday challenges.

  Do more in less time

Mobility and efficiency boosts will save time that can be used to drive productivity in other important areas

  Fast-track processes

Submit, approve or reject requests on-the-go. Upload relevant documents to validate purchases. Email notifications alert you when action is required

  Purchase at the lowest price

Enable quoting polices that enforce purchasing at the lowest price  

  Enablement

Reduce friction by making it easy for staff to purchase from any location, from approved suppliers while staying within budget

  Gain critical visibility

Quickly identify non-compliance, analyze risk and review budgets before approving requests

  Change spending behavior

Accountability drives responsible spending

                          Simplify purchasing

                              Accountability

“Fraxion allows companies to accurately and efficiently expedite any and all purchases. Companies automate routing and approvals, establish dollar limits, and more. All with a complete visibility and a complete audit trail to record accountability.

“With Fraxion, we just enter the info in the system, even from remote locations. Everything goes through the whole approval process automatically. Most orders only take one to two minutes to complete.”

Jason Schneider, Operations Manager at aTyr Pharma