Fraxion Spend Management

3131 Elliott Avenue, Suite 450 | Seattle, Washington | 98121 United States
sales@fraxion.biz
(206) 256-0771
Provides solutions and/or services in the following categories:

A powerful all-in-one spend management suite

Fraxion is a leading spend management solution for purchasing and approvals, expense management, procurement and spend analysis.

Manage profitability by taking control of your costs. With a spend management solution in place you can make more astute financial decisions and proactively manage spend before any costs are incurred.

Fraxion’s comprehensive true cloud solution integrates mobility, a modern UI and an in-depth spend management suite for transparency, complete operational spend control and analysis.

With remote or dispersed teams - providing real-time budgetary insight ensures that all staff are empowered to make responsible spending decisions, and managers have the peace of mind that financial control will prevail.

Optimize your business processes, request, approve or reject requests wherever you are. Accelerate and control your approval workflows, achieve efficiency, visibility and auditability. The time and cost savings will boost your bottom line.

Requisition-to-purchase order with flexible approval workflows:
Fraxion gives you the visibility and tools to manage who buys what, from where and at what price. These factors are the key to achieving effective spend management.

Fraxion automates the purchase requisition process, ensures policy compliance, channels expenditure to authorized suppliers, provides budget control at decision points and routes requests through escalating multi-level approval workflows.

Fraxion promotes accountability and responsible spending: Track every transaction, allocate costs to project budgets or costs centers, accelerate processes and ensure that every request is approved before any costs are incurred. Access audit trails that detail each activity in the transaction lifecycle.

Invoice approval:
Fraxion streamlines invoice processes and facilitates 3-way matching - duplication, overspending and paying for undelivered items and services not rendered is eliminated.

Accelerate turnaround times, reduce the time and resources required to complete tasks and unlock saving opportunities at AP level.

Supplier management:
Manage supplier take-on and ensure that all spend occurs with approved suppliers.

Embedded controls ensure that the required number of quotes are obtained at request phase, preventing maverick spend. Strategic supplier agreements can be negotiated through consolidation of orders and Fraxion data retrieval, enabling you to leverage your data to qualify for more favorable terms.

PunchOut:
Fraxion PunchOut enables an intuitive online shopping experience that provides integrated access to millions of products while leveraging established approval workflows in Fraxion. Simplify purchasing processes without losing financial control. Users can access PunchOut catalogs within Fraxion's eProcurement interface. Catalogs are maintained by PunchOut suppliers, and buyers within Fraxion can take advantage of more accurate item details.

Catalog:
Set up and maintain approved supplier catalogs, shop and review product details with ease. Simplify procurement, repeat purchases and fixed ordering.

Expense claims & travel management:
Streamline the submission of expense claims while speeding up reimbursement processes.

Automate travel requests and the processing of invoices, the generation of travel itineraries, acknowledgement of travel expenses incurred and the processing of invoices against travel costs.

These effortless and transparent processes are underpinned by company policies and approval thresholds, ensuring compliance and control over business expenses.

Spend analysis & active policy management:
Configure your company policies and actively manage compliance with alerts and notifications. Fraxion’s advanced spend analytics enable dashboard views of spend by category with reporting power and insights. Get visibility into budgets at decision points and quantify risk.

Fraxion Corporate Brochure

Contact Fraxion Spend Management