Industry | Security

broad
user adoption

This sector is typically comprised of service oriented organisations that tend to be more workforce based, with very little direct expenditure. The bulk of expenditure is usually indirect; a category of spend principally not managed by ERP or accounting solutions, leaving a gap for maverick purchasing and poor procurement practices to occur. With limited control over operational expenditure and a lack of cohesion across spending policies at multiple locations, security companies are at great risk of overspending. With no adequate technology in place, inefficient manual processes take place with no means of enforcing company spending policies, and expenditure is authorised after it is incurred; such inefficiencies can lead to substantial losses. Implement controls and achieve cost reduction by deploying Fraxion’s user-friendly spend management technology.

featured success story

Financial Controller

Marelize van Wyk

“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.”

fraxion working for you

Our Security customers have been able to:

  • Authorise expenditure on the road and speed up processes
  • Have automated financial control across multiple locations with full visibility of expenditure
  • Eliminate maverick spending

 

  • Manage staff purchasing and report on the frequency of staff purchasing (uniforms etc)
  • Effectively track spend against project or marketing campaign budgets
  • Manage supplier take-on and include B-BBEE rating details

 

  • Standardise suppliers and contracts at all sites and leverage more favourable buying terms
  • Enforce company-wide procurement policies and procedures for companies with a wide geographical spread of operations
  • Effectively manage leave, travel costs and staff expense claims

 

security customers

Click on the company below to view their success story