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

About Fraxion

Fraxion enables effective purchase requisitioning and approvals, expense management, AP workflow automation, and spend analysis.

Ensure that all business spend is tracked, approved, policy compliant, and in budget.

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

  • Easy-to-use and enables you to request, review and approve spend, wherever you are.
  • Improve accountability, auditability and internal control.
  • Guide purchasing decisions with budget insight, alerts, email and in-app notifications.

Speed up procure-to-pay processes, spend smarter and save with Fraxion Spend Management.

Video Overview

Fraxion Features

  • Purchase requisitions
  • Multi-level approval workflows
  • Purchase order generation from approved requests
  • 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
  • Document management
  • Configurable process workflows
  • RFQs
  • Standalone or seamlessly integrated with ERP solutions
  • Multi-company
  • Multi-language
  • Multi-currency

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 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.