Fraxion's cloud-based spend management suite streamlines expense control, purchasing, policy compliance, risk management, and spend analysis with a range of features including expense claim management, catalog procurement, supplier management, travel and expenses, invoicing to payment, business intelligence, contract management, timesheets, and more. As a cloud-based solution, Fraxion is fully mobile and accessible on smart devices.
Fraxion helps users to simplify purchasing and procurement processes by automating the entire purchase-to-pay process and electronically managing request creations, quoting, approvals, purchase order generation and invoice processing. Fraxion records all purchasing transactions, with full audit trails, promoting accountability and responsible spending. Expense claim automation features enable users to create and submit claims with ease; electronic submissions are supported by document upload capabilities for receipts, as well as any supporting documents. Remote access enables users to submit and approve expense claims on the go, via mobile devices.
Fraxion provides tools to automate and manage the entire accounts payable process. Control local and international travel expense processes, from request creation to invoice processing and travel itinerary generation. Fraxion’s travel and expenses module links all requests to the original travel transaction for complete cost visibility. Business intelligence technology such as spend tracking, trend analysis and forecasting give users accurate insight into spending activities and help users make informed decisions, mitigating the risk of overspending. Fraxion allows users to configure company policies and approval hierarchies, as well as access detailed audit trails and real-time data.