Fraxion is a privately held, mid-market-focused spend management software company that delivers a cloud-based procure-to-pay and AP automation platform for proactive control of operational spend. Headquartered in Seattle with a global footprint, Fraxion’s solution is trusted by thousands of mid-sized organizations to automate purchasing, expenses, and accounts payable processes while improving visibility, compliance, and cost control. The company positions itself as a leader in “proactive spend management,” emphasizing pre-approval controls, real-time analytics, and AI-powered AP automation rather than purely digitizing back-office paperwork.
Fraxion’s roots go back to 1997, when it was founded as a software business focused on procurement and financial systems integration, later evolving into a modern, cloud-native P2P platform. Over nearly three decades, the company has grown from a regional procurement solution into an international vendor with 51–200 employees and customers across multiple industries, including biotech, education, government, and professional services. Recent press highlights the relocation of co-founder and CEO Stanton Jandrell to Seattle to lead the U.S. headquarters, signaling a strategic focus on the North American mid-market, supported by long-standing partnerships in the Microsoft and Sage ecosystems.
Fraxion’s product suite centers on a comprehensive procure-to-pay platform that covers requisition-to-PO, purchasing, receiving, vendor ratings, catalogs, PunchOut, AI-powered invoice automation (using Microsoft Azure AI Document Intelligence), invoice matching and approval, expense and travel management, budget controls, audit trails, and analytics. The solution provides mobile-ready, workflow-driven purchasing and AP processes, helping organizations enforce policy compliance at the point of request, prevent unauthorized spend, and maintain complete digital audit trails for all transactions. Integrations with a wide range of ERPs and accounting systems (such as Sage, Microsoft Dynamics, NetSuite, and others) allow approved commitments and invoices to flow directly into financial systems while keeping granular control in Fraxion’s interface.
Fraxion invests actively in new features, particularly around AI and analytics. The AP automation module uses Azure AI for data extraction and electronic 2- and 3-way matching, with exception alerts for quantity and price discrepancies. Product messaging and recent updates emphasize “predictive spend management,” where data-driven insights help finance leaders anticipate trends, optimize supplier relationships, and target savings opportunities rather than only reviewing spend after the fact. Continuous SaaS delivery means customers receive regular enhancements, including usability improvements, dashboard refinements, and extended mobile capabilities, without managing upgrades themselves.
The company’s culture and values center on simplicity, innovation in spend management, and customer success. Fraxion’s mission statement stresses “innovation and simplicity in spend management solutions” that empower finance leaders to manage spend organization-wide through efficient processes and proactive controls. Marketing and founder profiles highlight a culture of endurance and resilience—CEO Stanton Jandrell’s ultra-marathon background is used as a metaphor for persistence and long-term thinking—and a strong emphasis on measurable savings and operational efficiency for clients. The firm also positions security and compliance (including SOC 2 alignment and Azure hosting) as core to its value proposition, especially for government and regulated customers.
Fraxion serves a broad, international user base primarily in the mid-market. Company materials state that the platform manages over $16 billion in annual spend across more than 1,000 organizations and 200,000+ users worldwide. Its customers span industries such as biotechnology, education, non-profit, government, distribution, and professional services, with typical buyers being finance, procurement, and IT leaders looking to replace email- and spreadsheet-based processes. The user community is reflected in reviews and case studies on G2, Capterra, and sector partner sites, where customers frequently cite ease of use, strong support, and effective spend control as key benefits, along with requests for ongoing enhancements that feed into Fraxion’s roadmap.
Fraxion
بواسطة Fraxion US, LLC
