Non Profit

Non – profit organisations typically depend on donors to fund their programs, are very cost conscious and therefore reliant on procurement solutions. It is important for non-profits to be seen to deploy a very high percentage of their donations or funding towards core programs while minimising overhead expenses. They also need to maintain core programs and services in times of high demand, even as donations or funding declines. As a consequence, non-profit organisations operate on tight budgets with small, dedicated staffs.

 With Fraxion, our Non-Profit customers have been able to:

• Minimise paper-pushing by key personnel
• Access real-time, detailed visibility into spending 
• Control costs without cutting personnel or programs, by tracking spend against proper approvals for all types of spend  
• Make their budgets stretch further and last longer by ensuring there is no maverick spending, and that all spend has the proper approval
• Leverage automation with suppliers to ensure that information flows quickly and automatically, decreasing the need for dedicated purchasing personnel
• Operate more efficiently, thereby encouraging donors that are more willing to contribute to organisations that can demonstrate that they have the controls in place to ensure that a very high percentage of all donations go directly to the non-profit’s programs, and that they can make their funds last longer through smarter spending practices
• Remove the risks associated with automated procurement by simplifying the often complex and costly software implementation process, providing a true end-to-end service, managing all aspects of the implementation – including supplier enablement and user training – without significant up-front costs of traditional enterprise software applications  
• Show a rapid ROI

Education

As with any organisation, streamlining operations and providing fiscal oversight on every aspect of procurement is important.  For organisations in the education sector, enrolment campaigns and IT expenditures relating to student services present unique challenges.

With Fraxion, our Education customers have been able to:

• Track and report against grant-specific spending
• Enable better visibility and budgeting on enrolment campaigns
• Standardise IT equipment ordering
• Improve operating efficiency to offset personnel reductions and budget cuts
• Enable centralised control over schools and educational facilities at numerous locations

Public Sector

Governance and control issues are of critical importance to public sector entities.  In addition, they must constantly strive to gain the best possible value from limited funds available. One of the most important ways of doing that is to closely control the way money is spent for the many goods and services that the many public sector entities procure each year.  This means ensuring that purchases are properly authorised and accounted for within established budgets as well as sourcing suppliers to deliver the best value.

With Fraxion, our Public Sector customers have been able to enforce governance and control requirements, compliance with applicable legislation such as the PFMA and any other relevant government policies and legislation. They are also able to ensure procurement best practice is enforced to ensure spending behaviours are optimised within acceptable budgetary constraints.