Fraxion

Fraxion offers an end-to-end procure-to-pay and spend management suite that covers purchase requisition-to-PO, goods receiving, vendor management and ratings, catalogs, and PunchOut buying from preferred suppliers in a controlled environment. Its Invoice/InvoiceAI module delivers AI-powered AP automation with invoice capture, data extraction, 2- and 3-way matching, and invoice approval workflows that integrate directly with ERP and accounting systems for payment processing. The platform also supports expense and travel requests, per diems, and cash advances, bringing T&E into the same policy- and budget-controlled framework as procurement spend. Fraxion layers approvals, budget checks, policy compliance rules, audit trails, and strong security across all transactions, while analytics and dashboards provide real-time visibility into spend by supplier, department, and category to drive savings and accountable spending.