Fraxion Spend Management

What is Fraxion Spend Management?

A procure-to-pay solution for purchase requisitioning and approvals, expense management, AP workflow management, spend analysis and reporting.

Fraxion provides best-in-class procure-to-pay software for proactive spend management.
The leading solution is trusted by mid-market companies worldwide to automate procure-to-pay processes, guide and inform purchasing decisions, and provide complete spend visibility to achieve time and cost savings.
Fraxion's user-friendly solution simplifies the way you buy, claim, and approve requests, with web and mobile app-enabled efficiency.

Streamline requisition-to-purchase order processes, automate PO generation from approved requests, email POs directly from the system, and submit and approve change orders.
Capture expenses and they happen, snapshot receipts via the mobile app, submit and approve requests wherever you are. Ensure policies are adhered to and fast-track reimbursements.
View real-time budgets at decision points and review the impact of spend before it is incurred. Analyze and report on spend by supplier, employee, and budget, and gain transactional spending insights with Fraxion's advanced spend analytics and reporting tools.
Streamline AP processes with AI-powered AP automation invoice matching and invoice approvals.
Ensure compliance with spending policies - alerts and notifications flag potential risks. Detailed audit trails provide complete spend transparency and improve auditability.
Centralize and simplify purchasing with approved vendors via PunchOut catalog integration or internal catalogs, while leveraging requisitioning, approval workflows and automated PO generation capabilities in Fraxion.

Fraxion is effective as a standalone procure-to-pay solution or integrated with ERP and accounting solutions.

Compare Fraxion Spend Management

Fraxion Spend Management Awards

Fraxion Spend Management currently scores 82/100 in the Procurement category. This is based on user satisfaction (92/100), press buzz (36/100), recent user trends (falling), and other relevant information on Fraxion Spend Management gathered from around the web.

The score for this software has declined over the past month. What is this?

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Procurement Market Radar

Fraxion Spend Management Product Overview

Requisition-to-purchase order and flexible approval workflows
Invoice approval and 3-way matching
Supplier management, Vendor PunchOut and Catalog purchasing
Expense management and Travel
Budget control and real-time insights
Audit trails
Policy compliance
Spend analysis and reporting
In app alerts, email notifications and document uploads
Intuitive and easy to use via web and mobile application

Languages Supported: English

Procurement Software Buyer Guide 2024

Product recommendations, vendor rankings, market overview and tips on how to select Procurement software for business. Published in May 2024.

Procurement processes are highly regulated and automated. Procurement software assists users in navigating this terrain with highly specific functions like workflow generators, bidding assistants, ad-hoc value analysis or RFI, RFQ and RFP automation. Procur...

FREE DOWNLOAD Procurement-Software-Buyer-Guide-2018.pdf

Fraxion Spend Management Features

2-Factor Authentication
A/B Testing
Accounts Payable
Accounts Receivable
Analytics
API
Balance Sheet
Billing/Invoicing
Budgeting
Calendar Management
Contact Management
Conversion Tracking
CRM Integration
Customer Management
Dashboard
Data Export
Data Import
Data Visualization
Expense Tracking
External Integrations
Forecasting
General Account Ledger
Inventory Tracking
Keyword Tracking
Link Tracking
Multi-Account
Multi-Currency
Multi-User
Notifications
P&L
Payroll
Project Management
Scheduling
SEO
Supplier Management
Tax Management
Shipping Management
Order management
SAP Integration
Dashboards
Reports
Visualization

Fraxion Spend Management FAQs

Who are the main user groups of Fraxion Spend Management?

Mid-size organizations with manual, email, spreadsheet and paper-based processes, broad supplier bases with no discounting or negotiated terms, spend visibility is lacking, compliance is poorly enforced & control is retroactive. Remote and hybrid working models.