Spend management simplified
Simple solutions to procure-to-pay complexities
General
- Save time
- Spend less
- Mitigate risk
- Accessibility
- Ease of use
- Efficiency
- Visibility
- Spend analysis
- Paperless
- Boosts profitability
Yes, Fraxion is SOC 2 compliant. We undergo regular audits to ensure that our systems and processes meet the rigorous standards set by the American Institute of Certified Public Accountants (AICPA) for security, availability, processing integrity, confidentiality, and privacy. This compliance demonstrates our commitment to maintaining the highest levels of data protection and operational transparency for our customers.
- Get a return on your investment, fast
- Rapid deployment
- Accessibility
- Scalability and flexibility
- No hardware or database management requirements
- Security and disaster recovery measures
- Automatic updates
- Reduced demand on resources
- User adoption
Most major Internet browsers, including Microsoft Internet Explorer, Chrome and Safari.
Fraxion’s e supports inventory control.
Optimize the way you use Fraxion, our consultants are available across time zones, to provide support.
The database tier is physically implemented as a Microsoft Azure SQL Server database.
Yes, you decide what spend you manage and how you manage it.
From configuring approval channels and individual spend thresholds to setting quoters and different quoting rules, Fraxion is fully configurable for every different type of spend.
The investment for Fraxion Spend Management includes subscription fees for users, deployment services and hosting and support.
To request a quote, please contact us.
Fraxion offers various Service Level Agreement (SLA) packages, to which clients can subscribe to receive services outside of the standard maintenance & support program. Even clients that do not frequently require non-standard support services may find these SLA packages beneficial as they entitle you to additional value-added offerings such as discounted services and training, post deployment care, preferential treatment of support issues, service credits and committed issue resolution times.
eRequester is now known as “e”. The product has not changed and you still get the top-rated ease-of-use and flexible deployment options (hosted or on-premises).
- Project kick-off meeting
- Design Phase
- A Workshop with the client’s ERP System partner to clarify the integration specifications (if needed)
- Application configured based on the requirements identified during the above phases.
- Administrator training session
- Train the trainer session
- After a period of project stabilization, the project manager signs the Certificate of Completion and the project is closed off.
- The system progresses to Fraxion’s extensive maintenance program and where required, post deployment care and a variety of service level agreement options are provided.
Fraxion is the solution of choice due to simplicity, accessibility, ease of use with minimal training requirements.
Fraxion’s cloud suite can be deployed to multiple locations and new locations can be onboarded with ease. Through visibility, active policy management and risk mitigation, Fraxion is the go-to platform for changing spending behavior, promoting accountability and managing spend.
Cost management and savings are top priority for every organization. As time becomes more precious, the ability to assess risk in requests and approve accordingly, is paramount. Fraxion is the only cloud solution that changes the way users spend and takes the risk out of your approvals.
Purchase request are routed for approval, and relevant approvers are notified with escalation when limits are reached. Approvers can approve on-the-go.
Yes, Fraxion tracks spend on multiple levels, enabling managers to generate budget and PO reports across accounting codes, suppliers, projects and users.
Yes, Fraxion's cloud solution, Prime offers a mobile app (iOS and Android) for registered users. Users can access their profiles with system-configured currencies, tax rates, budgets, approved vendors and cost centers on their mobile devices.
Yes, Fraxion enforces spending policies and budgets per user and per request. Budget owners have real-time views of committed spend and available resources. Budgets include GL accounts, projects, clients, departments etc. Custom configuration of budget fields is supported.
An eProcurement system automates, organizes and controls interactions with preferred suppliers. Embedded controls monitor costs and assure maximum supplier performance. Business leaders can consolidate orders, negotiate discounts and leverage agreements to achieve more competitive prices. Decision making is simplified with instant access to related documents and mandatory data.
Fraxion covers:
- Authentication/Identification: The system’s ability to identify the user.
- Access Control/Authorization: Once the user has been authenticated, are they allowed to do what they have requested within the system.
- Data Confidentiality: The need to ensure that any communication between two parts of the system cannot be intercepted and read by unauthorized third parties.
- Data Integrity: The need to ensure that any communications between two parts of the system cannot be intercepted and tampered with by unauthorized third parties.
- In addition the solution in based on Microsoft Azure cloud platform, acknowledged as providing world class security.
Fraxion’s Telephone and Remote Support service (Tele Support) provides high-quality support to help you make the best use of your investment in Fraxion’s software.
Fraxion software provides improved control, compliance and risk management, which is required by the Sarbanes Oxley (SOX) act. Fraxion enables segregation of duties and manages risk by limiting approvals and escalating levels of authority. Detailed audit trails can be accessed for every request raised in Fraxion.
Fraxion offers a number of different options for integrating into your existing accounting software. This can be as simple as the generation of a spreadsheet record of transactions, or as advanced as a complete, real time integration that is custom designed to fit perfectly with the specific configuration of your accounting package.
Remove Duplicate Entry, Prefill Accounting Data and More with a Seamless integration.
Security
Yes, Fraxion is SOC 2 compliant. We undergo regular audits to ensure that our systems and processes meet the rigorous standards set by the American Institute of Certified Public Accountants (AICPA) for security, availability, processing integrity, confidentiality, and privacy. This compliance demonstrates our commitment to maintaining the highest levels of data protection and operational transparency for our customers.
Fraxion covers:
- Authentication/Identification: The system’s ability to identify the user.
- Access Control/Authorization: Once the user has been authenticated, are they allowed to do what they have requested within the system.
- Data Confidentiality: The need to ensure that any communication between two parts of the system cannot be intercepted and read by unauthorized third parties.
- Data Integrity: The need to ensure that any communications between two parts of the system cannot be intercepted and tampered with by unauthorized third parties.
- In addition the solution in based on Microsoft Azure cloud platform, acknowledged as providing world class security.
Support
Fraxion’s Telephone and Remote Support service (Tele Support) provides high-quality support to help you make the best use of your investment in Fraxion’s software.
Fraxion software provides improved control, compliance and risk management, which is required by the Sarbanes Oxley (SOX) act.
Fraxion enables segregation of duties and manages risk by limiting approvals and escalating levels of authority. Detailed audit trails can be accessed for every request raised in Fraxion.
Fraxion offers a number of different options for integrating into your existing accounting software. This can be as simple as the generation of a spreadsheet record of transactions, or as advanced as a complete, real time integration that is custom designed to fit perfectly with the specific configuration of your accounting package.
Remove Duplicate Entry, Prefill Accounting Data and More with a Seamless integration.
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