Industry | Energy & Chemicals

boost
profitability

Companies in this sector are often multi-national and require compliance with global purchasing methodologies. While they tend to have highly-developed, centralised ERP systems to control direct product and manufacturing expenditures, regional indirect procurement is often paper-based. The pressure to reduce operating costs in business, and control and centralise indirect expenditure is increasing, requiring PO collaboration with suppliers, reducing invoice driven expenditure and paper invoices, while improving compliance and staff efficiency; all within the interoperability constraints of the global ERP system (typically SAPR3 or Oracle).

Purchasing Manager

Noel George

“The use of Fraxion has cut down drastically on our paperwork, and also on the input and administration time for our financial staff. Our control framework is also much stronger with the implementation of Fraxion, with increased accountability and transparency.”

fraxion working for you

Our Energy & Chemicals customers have been able to:

  • Achieve centralised procurement, bolting on to ERP systems
  • Minimise invoice initiated payments and maximise pre-approved PO initiated expenditures
  • Communicate and enforce policies and procedures
  • Ensure compliance with purchasing and quoting polices prior to supplier engagement
  • Implement internal audit approved purchase requisition approval hierarchies
  • Perform budget checks at requisition and approval level
  • Enforce a formal process to request additional budget where none is available
  • Reduce process costs and turnaround times
  • Improve the control and audit environment
  • Re-focus personnel to more strategic activities
  • Reduce procurement process cycles
  • Enable access to supplier intelligence
  • Achieve improved pricing
  • Analyse spend categories
  • Overall, achieve quantifiable benchmarked savings

energy & chemicals customers

Click on the highlighted company logo below to view their success story