Discover how to cut costs and spend less:

• Enforce policy compliance and gain automated financial control by deploying Fraxion Spend Management.
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• All transactions are automatically routed according to the specified delegation of authority. Predetermined expenditure limits can be set, enabling the decentralisation of spend authority while maintaining absolute control.
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• Quoting policies enforce purchasing at the lowest prices and Active Policy Management exposes budget, risk, time or variance contraventions and flags non-compliance with organisational policy while quantifying the level of risk in requests.

• Identify saving opportunities, track spending, analyse trends and forecast future spending with Fraxion’s BI Tools.
• Spend analysis reports display valuable insight into all operational spending activities. Gain visibility of expenditure at any transactional stage; drill down into suppliers, departments, employees and expense types. Transparency ultimately promotes accountability and responsible spending.
• Configure company policies and approval hierarchies to eliminate maverick spend. Escalation ensures that spend and approval limits cannot be exceeded.
• Make informed decisions and manage risk before approving or committing to spend. Point of decision analytics assist approvers to assess the risk in requests and make astute financial decisions.

• Buy: Automate and simplify purchasing.
  Fraxion electronically manages request creation, quoting, approvals, purchase order generation and the processing of invoices.
• Claim: Streamline the submission of expense claims and ensure compliance with corporate policies while simplifying and speeding up reimbursement processes. Fraxion provides visibility of expenses and replaces paper-based requisitions with electronic documents and an efficient workflow.
• Pay: Automate and control the entire accounts payable process, linking invoices to both orders and requests in order to easily approve invoices and eliminate overpayments and duplicate invoices.
• Travel & Expenses: Automate and control the entire process for local and international travel:
  from request creation through to the processing of invoices, the generation of travel itineraries, acknowledgement of travel and expenses incurred and the processing of invoices against travel costs.
• Supplier Management: Manage risk by effectively controlling supplier take-on.
  Fraxion assists you in establishing a centrally managed supplier directory by streamlining supplier take-on and qualification steps..
• Cash Advances: Manage cash disbursements with detailed tracking to projects, budgets or funders with complete audit trails.
  Fraxion’s Cash Advances module can be used as a petty cash function or for more complex, higher value pay-outs where more detailed reconciliation is required.
• Catalogues: Give your employees access to relevant products from approved suppliers via Fraxion’s catalogue module.
  Users can select catalogue items from any combination of suppliers within a single requisition and manage the process of creating supplier specific purchase orders once requests have been approved.
• Contracts: A central repository with on demand access to applicable information: Fraxion’s contract module provides a secure storage platform with alerts and administration features to streamline your contract management requirements and obligations.
• Capital Expenditure: Mitigate the risk associated with Capex purchasing through embedded controls that enforce spending policies and approval processes.
  Fraxion enables capturing, saving and access to all mandatory fixed asset information.