Fraxion Spend Management

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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, to guide and inform purchasing decisions, and provide complete spend visibility.

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. Manage supplier take on, attach documents and rely on automated multi-level approval workflows that reduce process delays and mitigate risk.

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.

With Fraxion, authorized users can review 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 business intelligence and reporting tools.

Streamline AP processes with invoice approvals, exception alerts and 2 or 3-way matching capabilities.

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 suppliers 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.



Fraxion Spend Management Awards


Fraxion Spend Management currently scores 81/100 in the Procurement category. This is based on user satisfaction (92/100), press buzz (34/100), 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?
www.fraxion.biz

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Procurement Market Radar

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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 2023

Product recommendations, vendor rankings, market overview and tips on how to select Procurement software for business. Published in January 2023.

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...

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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-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.

Does Fraxion Spend Management integrate with any other apps?

Acumatica
QuickBooks Online and Desktop
Sage Intacct, 100, 200, 300
Microsoft Dynamics GP, NAV, Business Central
Xero
NetSuite

What is Fraxion Spend Management generally used for?

Procurement
Purchasing
Spend Management
eProcurement
Procure-to-pay
Spend Analysis
PunchOut
Catalog Procurement
Travel & Expense Management

What are some applications Fraxion Spend Management is commonly used in tandem with?

Accounting systems
ERP systems

Does Fraxion Spend Management offer guides, tutorials and or customer support?

Yes

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