Service oriented organisations tend to be more personnel based with very little direct or inventory spend but have high volumes of indirect expenditure; an area where ERP and accounting solutions have traditionally been less focussed.
With no visibility of organisational spend, control tends to be retroactive. Disparate procurement processes occur at each location via inefficient paper-based processes, suppliers are not authorised, spend policy compliance with preferred suppliers is not enforced, leaving no capacity to negotiate pricing.
Fraxion provides the visibility and tools to effectively analyse expenditure and improve spend predictability, while extending control by enforcing policies and rigid approval processes.
“With reference to our implementation of Fraxion, I am pleased to say that we have had quite a positive response from the business in that it has facilitated ease of business processes through the incorporation of our delegated authority being used as a framework to facilitate online expenditure approvals. Whilst we do not use the payment module, we are very satisfied to date and find that Fraxion complements our JD Edwards ERP system. Fraxion has furthermore aided an audit trail, which is always a plus. The user friendliness of the programme and the ease of workflow certainly improves efficiencies. Fraxion has also been very accommodating and compromising throughout the project and certainly is a company which one could engage with in long term business relations.”
Our Business Services customers have been able to: