Fraxion

Procure-to-pay software for proactive spend management

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Fraxion is a leading procure-to-pay software solution designed to empower mid-sized companies with proactive spend management. By automating purchasing, expense, and accounts payable processes, Fraxion provides complete visibility and control over organizational spending. Its user-friendly web and mobile applications facilitate seamless operational spend management from any location, fostering a culture of accountable spending company-wide

Pricing of Fraxion

Small business

USD 399.00

Month

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10 - 25 employees
Purchase requests
Multi-level approvals
Purchase order automation
AP automation
Policy management

Mid-size business

USD 749.00

Month

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25 - 100 employees
Small business all feature include
Custom reporting
Spend analysis
Community insights
Dashboards
PunchOut & PunchIn
Budgets

Large business - customize

USD 0.00

Year

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Mid-size business all feature include
Catalog
Compliance reports
Spend distribution
Expenses & travel
Audit trails
Expenses

Key Features of Fraxion

Key Features:

Billing & Invoicing
Accounting
Payment Handling
Risk Assessment
Online Payments
Payments
Financial Wellness

Key Specification

Other Categories:	Accounting Software Billing and Invoicing Software Financial Risk Management Software Risk Management Software Accounts Receivable Software Accounts Payable Software eProcurement Software Accounts Payable Automation Software Financial Analysis Software Procure To Pay Software Risk Candidate Assessment Software Purchasing Software Financial wellness software Business Checking Accounts
Deployment:	Cloud Hosted,Hybrid,Any
Customer Support:	Phone,Email,Live Chat
Customization:	No
Languages Support:	English, French, German, Spanish

Who uses Fraxion

StartUps

SMEs

Agencies

Enterprises

Company Details

Company Name:	Fraxion
Headquarter:	Seattle, Washington United States
Social Media:	Facebook Twitter LinkedIn

Fraxion Description

Fraxion employs AI-powered automation to handle invoice intake, data extraction, and matching against purchase orders and receipts. This automation minimizes errors, accelerates invoice approvals, and ensures timely payments. Additionally, the platform's expense management features allow for efficient handling of per diems, cash advances, and travel requests, all accessible via a mobile app for on-the-go management. Fraxion's embedded spend analytics and reporting tools provide actionable insights into spending patterns, enabling organizations to make informed, strategic decisions that positively impact the bottom line. The platform also emphasizes security and compliance, offering audit trails and internal controls to mitigate risks and ensure adherence to company policies

Key Features & Specifications

Purchase Requisitions: Simplifies the creation and submission of purchase requests with quick data entry, predictive coding, and the ability to attach supporting documents.
Approval Workflows: Offers flexible, multi-level approval workflows with instant notifications, allowing for immediate approvals via the mobile app.
Purchase Orders: Automates the generation of purchase orders from approved requests, including the ability to email POs directly to vendors and manage change orders efficiently.
AP Automation: Utilizes AI for invoice capture, data extraction, and matching, streamlining the accounts payable process and reducing manual errors.
Spend Analytics: Provides comprehensive spend visibility through embedded analytics and reporting, enabling data-driven decision-making.
Expense Management: Manages expenses and travel requests efficiently, including per diems and cash advances, with mobile access for capturing receipts and submitting claims.
Catalog Management: Integrates with vendor catalogs via PunchOut and PunchIn, simplifying procurement from approved suppliers and ensuring compliance with purchasing policies.
Mobile Access: Ensures mobile flexibility, allowing users to manage purchasing, expenses, approvals, and receiving from any location.
Integration Capabilities: Seamlessly integrates with various ERP and accounting systems, enhancing data flow and operational efficiency.