Mitigate the risk associated with Capex purchasing through embedded controls that enforce spending policies and approval processes. Fraxion enables capturing, saving and access to all mandatory fixed asset information.
Manage cash disbursements with detailed tracking to projects, budgets or funders with complete audit trails. Fraxion’s Cash Advances module can be used as a petty cash function or for more complex, higher value pay-outs where more detailed reconciliation is required.
Give your employees access to relevant products from approved suppliers via Fraxion’s catalogue module. Users can select catalogue items from any combination of suppliers within a single requisition and manage the process of creating supplier specific purchase orders once requests have been approved. Track spending with suppliers to leverage your buying power and negotiate pricing.
A central contract repository with on demand access to applicable information: Fraxion’s contract module provides a secure storage platform with alerts and administration features to streamline your contract management requirements and obligations.