Audience
Mid-market companies across different industries: Agriculture, Wineries, Property management, Healthcare, Life sciences, Biotechnology, Non-profits, Education, Government agencies, Natural resources, and Financial services.
About Fraxion
Fraxion is an all-in-one procure-to-pay solution built for mid-market companies. It enables complete spend management by automating procurement, accounts payable, expense management, and spend analysis on a single connected platform.
Key capabilities include requisition to PO automation, real-time budget and policy controls, multi-level approvals, PunchOut, catalog purchasing, AI-driven AP automation and spend analysis, and a mobile app for on-the-go spend control.
Every transaction produces a full audit trail from requisition to payment. Fraxion is designed for the Office of the CFO. Finance teams start with the solution they need most, procurement or AP automation and expand to full procure-to-pay without reimplementation.
SOC 2-compliant. Integrates with major ERP and accounting systems: Sage, Microsoft Dynamics, NetSuite, QuickBooks, and Xero. Trusted by mid-market organizations across healthcare, life sciences, agriculture, education, natural resources for over 20 years.
Pricing
Videos and Screen Captures
Dashboard
Product Details
Fraxion Frequently Asked Questions
Fraxion Product Features
AP Automation
Fraxion's AP automation software eliminates manual invoice processing for mid-market finance teams, reducing costs, closing cycles faster, and removing the errors and overpayment risk that manual AP creates. Fraxion automates the full AP cycle: invoice intake, AI data extraction from single and multi-page invoices, AI review, predictive coding, automated approval workflows with mobile invoice approvals, invoice batching, and seamless posting to your financial system. Key benefits include faster invoice processing, no manual data entry, fewer errors, reduced overpayment risk, exception and duplicate detection, faster month-end close, and AP insights across invoice volume, vendor spend, and cycle times — all without adding headcount. Finance teams start with AP automation and scale to full procure-to-pay, adding procurement, expenses, and spend analysis on one connected platform, without reimplementation. Integrates with Sage, Microsoft Dynamics, NetSuite, QuickBooks, and
Expense Report
Fraxion expense management automates business expense reporting, approvals, and policy compliance for mid-market companies. Employees capture expenses as they happen, snapshot receipts, submit claims, and track approval status from any device. Approvers review requests against real-time budgets and approve via mobile. Reimbursements are fast-tracked once claims are approved and policy-compliant. Key capabilities include expense report automation, multi-level approval workflows, receipt capture, per diem and mileage tracking, billable expense tracking, travel pre-approval and policy enforcement, cash advance requests and reconciliation, and full audit trails. Expense management is part of Fraxion's all-in-one procure-to-pay platform, giving finance teams consolidated visibility and control across purchasing, AP, and expenses with spend analysis and reporting. SOC 2-compliant. ERP and accounting system integrations. Available on iOS and Android.
Procure to Pay
Fraxion's procure-to-pay software lets mid-market finance teams start where they need to and scale to full P2P without reimplementation. Start with AI-driven AP automation to eliminate manual invoice processing and errors and close faster. Add procurement to control unauthorized spend before it's committed. Expenses and spend analysis close the last gaps. Each capability runs on one connected platform, so adding more is configuration, not a new implementation. When the full procure-to-pay cycle runs on one platform, the result is a single approval engine, one policy framework, one audit trail from requisition to payment, and real-time visibility and control across all spend. No disconnected systems, no duplicate data entry, no blind spots. The mobile app enables process efficiency and spend control wherever work happens. Gain complete spend management with procure-to-pay automation. ERP and accounting integrations: Sage, Microsoft Dynamics, NetSuite, QuickBooks, and Xero.
Procurement
Fraxion's procurement software gives mid-market finance teams proactive control over every purchase before spend is committed, eliminating unauthorized spending, approval bottlenecks, and budget overruns. Every purchase request is routed through configurable approval workflows with real-time budget and policy checks applied at the point of request. Only approved, policy-compliant requisitions generate purchase orders. The result: faster purchasing cycles, stronger compliance, and operational cost reductions. Key benefits include reduced purchasing cycle times, accurate cost allocations, full audit trails, and real-time spend visibility. Requests can be submitted and approved from any device via the mobile app. Employees purchase from approved vendors, internal catalogs, or via PunchOut — ensuring every purchase stays within policy. Part of Fraxion's all-in-one procure-to-pay platform. Connects seamlessly with AP automation for complete spend visibility and control.
Purchasing
Fraxion's purchasing and purchase order software automates the full purchase order process for mid-market companies, from requisition to approved PO to vendor delivery. Purchase orders are generated only from approved, budget and policy-compliant requests. Multi-level approval workflows, real-time budget checks, and policy controls are applied at the point of request, stopping unauthorized spend before it's committed. Key capabilities include requisition to PO automation, automated PO creation and emailing, customizable PO templates, change order management, PO consolidation, receiving, vendor ratings, full audit trails, and mobile requests, approvals and PO management. PunchOut and catalog purchasing are also supported. Analyze open orders, vendor spend, and PO cycle efficiency, enabling consolidation for volume discounts and process benchmarking via embedded spend analysis tools. Part of Fraxion's all-in-one procure-to-pay platform. Integrates with major ERPs.
Spend Analysis
Fraxion's embedded spend analysis tool gives mid-market finance teams AI-driven insights across the full procure-to-pay cycle, turning purchasing, AP, and expense data into actionable cost-saving opportunities. AI analyzes spending patterns across vendors, employees, budgets, cost centers, and transactions to identify where money is being wasted, where costs can be reduced, and where purchasing processes can be improved. Community insights benchmark your organization's performance against mid-market peers, highlighting gaps and opportunities. Key benefits include identification of vendor consolidation opportunities, PO consolidation for volume discounts, improved negotiating position, budget planning insights and spend predictability, compliance reports, and actionable tips to improve purchasing cycle times and approval efficiency. Insights delivers real-time dashboards and exportable reports, giving the Office of the CFO the financial intelligence to make informed decisions.
Spend Management
Fraxion is an all-in-one spend management solution that gives mid-market finance teams complete spend visibility and control. Purchasing, accounts payable, expenses, and spend analysis run on a single connected platform. There is no data re-entry, no disconnected approvals, and no blind spots. Every transaction flows through one approval engine, one policy framework, with complete audit trails from requisition to payment. For the Office of the CFO, this means real-time visibility across all spend categories, proactive budget and policy enforcement, faster month-end close, and the consolidated financial insight needed to make better decisions across the business. Key benefits include eliminated unauthorized spend, reduced invoice processing costs, faster purchasing and closing cycles, full audit readiness, and actionable spend analytics. Integrates with major ERP and accounting systems including Sage, Microsoft Dynamics, NetSuite, QuickBooks, and Xero.