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).
“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.”
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