Powerful procure-to-pay software for proactive spend management.

About Fraxion

Fraxion is top-rated by users and trusted worldwide to proactively manage purchasing processes and operational spend.

Replace manual, paper, email, and spreadsheet-based processes with automated procurement efficiency. Achieve time and cost savings using Fraxion’s mobile and easy to use solution for: Requisition-to-PO processes, expense management, approval and AP workflow management, reporting and spend analysis.

With Fraxion, each purchase and expense request is tracked, approved, policy compliant, and in budget.

Automate and simplify how you manage operational spend and say goodbye to unauthorized spending with random suppliers, approval bottlenecks, and time-consuming AP processes.

  • Easy-to-use and enables you to request, review, and approve spend, on any device, wherever you are.
  • Improve accountability and auditability
  • Guide purchasing decisions with budget insight at decision points, alerts, and policy controls
  • Reduce processing times, centralize purchasing records, and reduce AP inefficiencies
  • Gain complete spend visibility, make informed decisions, and report with ease

Video Overview

Fraxion Features

Requisition to purchase order automation, multi-level approval workflows, with budget and policy controls, and reporting power.

  • Purchase requisitions
  • Multi-level approval workflows
  • Automated purchase orders from approved requests
  • Email purchase orders directly to suppliers
  • Change order requests and approvals
  • Invoice approval
  • 2 or 3-way matching
  • Budget control
  • Configure spending policies and manage compliance
  • Vendor PunchOut
  • Internal Catalogs
  • Expense reports
  • Travel requisitions
  • Supplier approval
  • Audit trails
  • Spend analytics and reporting power
  • Mobile app
  • Document management
  • Configurable process workflows
  • RFQs
  • Standalone or seamlessly integrated with ERP solutions
  • Multi-company
  • Multi-language
  • Multi-currency

Fraxion Target Market

  • Small to medium-sized businesses
  • Finance
  • Purchasing
  • IT

Product Overview

Market Focus

Ratio of reviewers by organization size.

Industry Focus

Ratio of reviewers by sector.

39%
39%
Government
30%
30%
Non-Profit
11%
11%
Consulting
11%
11%
Hospitality
8%
8%
Sports, Arts, & Entertainment

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User Reviews of Fraxion

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from Healthcare Funders Southern Africa

It has been a major move forward for us since deploying Fraxion in educating our staff that following the correct processes when requesting approval to purchase goods and services is how we manage risk and protect our organization. The way that each item is ‘locked’ in Fraxion until the required approval is given means everything that must happen is consecutive. Without this process then it becomes

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from Charles R. Drew University of Medicine and Science

We turned to Fraxion as a way to automate our purchasing process. Before we were filling out forms in triplicate, then had to get a number of signatures for approval. Now we’re just so much more efficient. Fraxion’s spend management platform automates procurement and expense processes. Spend limits can be set, approvals are expedited, and a complete audit trail is always digitally available for full transparency.

We primarily use Fraxion for purchase orders and approving expenses. It seamlessly integrated into our Microsoft Dynamics GP accounting system, which helps make our workflow a lot quicker. Overall, I’d say we’ve eliminated something like 90 percent of our paperwork"

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from Zone Fitness

Fraxion requires that all operational/club level management follow the same procedure with regards to procurement, which creates uniform workflows, documentation and processes. This eases up the workload in the finance department due to the centralization of all requests and purchase orders. Audit trails, compulsory approval workflows and a vast record of historic procurement documentation allows for missing transactions and other queries related to procurement to be resolved without difficulty. Fraxion also scales well as we are continuously expanding as a company. Ease of use and simplicity of the system enables new users to phase into the workflow effortlessly.

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from MUWRP

Before Fraxion, the purchase request, ordering and approval process was largely slow, bureaucratic, manual and paper-based. Fraxion has singularly improved transparency, eliminated 90% paperwork, cut approval times in half and summarily improved productivity in procurement. Fraxion has also allowed the continuation of work processes during the COVID-19 pandemic and has ultimately been a cornerstone to the Technology Support Services Digital Transformation Strategy.

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from Mesa Water District

Fraxion has streamlined our purchasing and procurement process tremendously. And it definitely has alleviated the need for our buyer to do so much manual work. We have better accountability in tracking approvals.

★★★★★
★★★★★
Submitted on May 10th, 2022 by a Fraxion user from aTyr Pharma

Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone, they can start using it immediately, it’s so intuitive. We definitely get a good return on investment. What’s more, Fraxion interfaces seamlessly with our Microsoft Dynamics GP finance system and keeps the full approval flow, so it’s easy for auditors to see that everything’s correct.

★★★★★
★★★★★
Submitted on January 27th, 2020 by Sean F from Cube Workspace

Fraxion gives me more transparency, so I can see everything I need to see. I don’t have to check up on people. So it definitely gives me a lot more time to do other things that I should be doing and allows me a level of peace of mind that the system is doing what it needs to do. I don’t have to rely on people to be amazing because the system is.

★★★★★
★★★★★
Submitted on January 27th, 2020 by Brad P from Biofire Diagnostics

We were able to start with the system with only 10 users and it has easily scaled with us to almost 400. It’s allowed us to save at least 4-5 jobs in purchasing.

★★★★★
★★★★★
Submitted on January 27th, 2020 by Theuns S from Zone Fitness

Fraxion requires that all operational/club level management follow the same procedure with regards to procurement, which creates uniform workflows, documentation and processes. This eases up the workload in the finance department due to the centralization of all requests and purchase orders. Audit trails, compulsory approval workflows and a vast record of historic procurement documentation allows for missing transactions and other queries related to procurement to be resolved without difficulty. Fraxion also scales well as we are continuously expanding as a company. Ease of use and simplicity of the system enables new users to phase into the workflow effortlessly.

★★★★★
★★★★★
Submitted on January 27th, 2020 by Jared C from The Production Network

Very intuitive interface. Most users were able to pick up how to use it with minimal training. Previously, in MS Dynamics SL the interface was so difficult people simply stopped submitting purchase order requests. With Fraxion, we have nearly 100% compliance.

★★★★★
★★★★★
Submitted on September 30th, 2019 by Brad P from Biofire Diagnostics

We were able to start with the system with only 10 users and it has easily scaled with us to almost 400. It’s allowed us to save at least 4-5 jobs in purchasing.

★★★★★
★★★★★
Submitted on September 30th, 2019 by Jared C from The Production Network

Very intuitive interface. Most users were able to pick up how to use it with minimal training. Previously, in MS Dynamics SL the interface was so difficult people simply stopped submitting purchase order requests. With Fraxion, we have nearly 100% compliance.

★★★★★
★★★★★
Submitted on June 4th, 2019 by GSTer

enter purchase request and enter charge code and method of payment- upload bill - approval email goes out. Request approved or denied. Record

The Good…

online record of bills

The Bad…

Search capability is almost non-existent. Filtering means 0 results. at best, I pull up ALL invoices for a year and move to excel and then search.

★★★★★
★★★★★
Submitted on February 19th, 2015 by Mark from EduK Group

This is a solid product for automating requisition and purchasing workflows and process. An excellent software choice for paperless automation. Product deals with routing and workflow quite well for a reasonable initial product cost.