Industry | Financial Services

manage
your risk

In today’s economic climate, financial services organisations need to constantly re-invent themselves to remain relevant and be one step ahead of their competitors.  Astute financial services organisations know that maintaining partnerships with cutting-edge technology solution providers is essential for them to maintain their competitive advantage, manage risk and increase their bottom line.

featured success story

Finance Executive

Ruan Aldum

“Fraxion has enabled Transaction Capital Recoveries 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.”

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fraxion working for you

Our Financial Services customers have been able to:

  • Implement cost control over multiple branches
  • Eliminate redundant costs which arose through de-centralised staff and technology
  • Streamline procurement systems
  • Reduce the core number of suppliers and replace the manual staff expense claim process
  • Achieve cost savings and control improvements by using technology to enforce approval before purchase, approval limits, purchasing from preferred suppliers and the standardisation of purchasing.
  • Reduce external licence costs for terminal services through Fraxion’s cost-effective licence model

 

  • Accurately cater to the unique multi-taxation requirements facing many financial services companies
  • Reduce property management costs
  • Enable the unique delegation of authority matrix required by many financial services organisations
  • Manage high user counts and large transaction volumes
  • Centralise and enforce organisational policies and procedures
  • Improve change management
  • Implement spend management processes within the constraints of strict firewall, access control and security requirements
  • Enhance corporate governance compliance
  • Demonstrate effective control for legislative purposes
  • Implement budgetary controls a group level, allowing individual transactions to be assessed against these group budgets

 

 

financial services customers

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