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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.
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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. -
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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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.
Efficiency
Cost savings
Visibility & Insights
Mobility
Control & compliance
Accuracy & auditability
Requisition-to-PO
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Simplify processes, speed up approvals
- Easy web, mobile app or Microsoft Teams requisitioning
- Select from approved vendors or submit new vendors for approval
- Ensure accurate cost allocation
- Approve instantly, anywhere
- Create purchase orders from approved requests
- Fast track PO processes and improve order accuracy
- Centralize records and link POs to invoices for easy matching and receiving
- Mobile PO visibility
Budget & policy control
Stay compliant with ease
- 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
AP automation
Eliminate manual entry and costly errors
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
Spend analysis
Gain visibility and control over your spending
- Analyze and report on spend by employee, vendor, budgets, and transactions
- Identify cost saving opportunities
- Leverage community insights to benchmark your processes
- Gain actionable insights to improve your processes and spending
Expense management
Capture expenses instantly, anywhere
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
Simplify processes, speed up approvals
- Easy web, mobile app or Microsoft Teams requisitioning
- Select from approved vendors or submit new vendors for approval
- Ensure accurate cost allocation
- Approve instantly, anywhere
- Create purchase orders from approved requests
- Fast track PO processes and improve order accuracy
- Centralize records and link POs to invoices for easy matching and receiving
- Mobile PO visibility
Stay compliant with ease
- 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
Eliminate manual entry and costly errors
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
Gain visibility and control over your spending
- Analyze and report on spend by employee, vendor, budgets, and transactions
- Identify cost saving opportunities
- Leverage community insights to benchmark your processes
- Gain actionable insights to improve your processes and spending
Capture expenses instantly, anywhere
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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