Fraxion Spend Management Demo

“Fraxion has been effective in ensuring consistency in implementing company authorisation frameworks; thus enhancing management’s ability to implement tactical expenditure strategies.” 

“Fraxion has enabled MBD Credit Solutions to systemise spending in an automated end-to-end process to monitor budgets, cut down on transaction processing time, provides visibility at all stages of approval, and ensures that there is an audit trail of all completed activities.” 

“The use of Fraxion has cut down on paperwork and the input and administration time for PPECB’s financial staff. Since we started using Fraxion the staff’s frustration levels with regards to chasing down paper and awaiting spend authorisations has decreased significantly. Not only has our entire control framework with regards to indirect expenditure strengthened, but we now have access to real-time, granular information that allows us to make meaningful management decisions in a timely manner.” 

“Fraxion provided us with a world class spend management platform, which now enables my team to focus their energies on those supply chains where we can add the most value, and affect the best and most timeous support to our teams in the field." 

“Whilst we have not yet got an integrated solution in place, the implementation of Fraxion allows the business to manage authorisation of spend by management and budget owners. Finance is able to obtain reliable information from Fraxion, which is used to update our ledgers and pay suppliers knowing the outputs are approved,” 

“Fraxion has been a great help in managing various departments’ expense budgets. It is extremely flexible, simple and user friendly and I find the reporting options most useful, especially for accrual purposes.” 

“As OSN has grown across the MENA region, Fraxion Spend Management has proven to be a system that easily integrates new operations with the central business office.  Fraxion facilitates a simple approval process that allows the business to move swiftly in the marketplace, whilst providing OSN with the ability to maintain the internal controls needed across our widespread international locations.” 

“Fraxion manages and optimises our service offerings, allowing us to gain insight into spend behaviour and improve leverage across various operational areas. With the implementation of Fraxion, the Compass Group is able to manage risk effectively on a per-transaction as well as cumulative basis, accommodating budgetary and cost centre owner constraints. Fraxion provides complete control over the Compass Group’s financial environment.” 

“American Express Foreign Exchange is a business that operates on very thin margins and thus business efficiencies are very important. The Fraxion Spend Management Solution has enabled Amex to automate the last frontier of our business.” 

“The DA strives for sound financial practices and to date have done this successfully with very few manual resources. However, we are very encouraged by what the Fraxion system will bring to the party in an automated controlled spend management programme, which will take our financial management to a whole new level.” “Fraxion will completely revolutionise our procurement procedures while enabling management to effectively manage their budgets on a real-time basis. We will enjoy a more efficient automated system and increased productivity, transparency and control by the implementation of Fraxion.” 

“Fraxion has centralised our procurement and accelerated procure-to-pay processes, without being too complex to extend to a large number of non-financial users. Electronic authorisation has reduced processing turnaround times and simplified purchasing activities.”   

“In the long run Fraxion will save B & E International money and improve efficiency when it comes to sourcing. Our employees will be able to track the progress of all requests in the system and take the appropriate action,” 

“Fraxion provides us with authorisation rules and effective workflows for approving spend and as a result, greater productivity and savings in time have ensued. Furthermore, the catalogue module and extensions to the financial platform have vastly improved operations in our maintenance division.” 

“With the implementation of Fraxion we’ve gained the correct authorisation of all expenditure in line with the organisation’s delegation of authority, thus enabling overall visibility and better budget controls.”      

“Fraxion has vastly improved processes and spend approval at SA Rugby, particularly with regards to our significant volume of group travel bookings and staff expense claims. Furthermore, governance around supplier and Capex expenditure has resulted in significant cost-saving, which has enabled us to channel further investment into our key objectives. The software is user-friendly and integration with our ERP solution has extended our financial control capabilities. Going forward we will be managing and tracking store merchandising through Fraxion’s catalogue modules, which will help eradicate the stock and profit losses we have experienced in previous years when no technology was in place. We are extremely pleased with Fraxion’s spend management framework and anticipate further improvements with the upgrade to the latest iteration.”