--- title: "What’s new in Fraxion: Budget overview" description: "New feature alert: Budget overview feature that guides and informs decision-making with real-time data at decision points for enhanced budget control." image: https://www.fraxion.biz/hubfs/PunchOut-with-Screenshot---4.jpg canonical: https://www.fraxion.biz/blog/whats-new-budget-overview url: https://fraxion.getmd.ai/blog/whats-new-budget-overview.md last_converted: 2026-08-21T03:08:27.937Z --- ```json { "@graph": [ { "@type": "BlogPosting", "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#article", "url": "https://www.fraxion.biz/blog/whats-new-budget-overview", "mainEntityOfPage": { "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#webpage" }, "isPartOf": { "@id": "https://www.fraxion.biz/blog#blog" }, "headline": "What’s new in Fraxion: Budget overview", "name": "What’s new in Fraxion: Budget overview", "inLanguage": "en", "datePublished": "2023-01-31T07:13:10Z", "dateModified": "2023-06-25T12:23:53Z", "description": "New feature alert: Budget overview feature that guides and informs decision-making with real-time data at decision points for enhanced budget control.", "image": { "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#primaryimage" }, "articleSection": "News", "keywords": [ "News" ], "author": [ { "@type": "Organization", "@id": "https://www.fraxion.biz/#organization", "name": "Fraxion", "url": "https://www.fraxion.biz/", "sameAs": [ "https://www.fraxion.biz/blog/author/fraxion" ] } ] }, { "@type": "WebPage", "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#webpage", "url": "https://www.fraxion.biz/blog/whats-new-budget-overview", "name": "What’s new in Fraxion: Budget overview", "isPartOf": { "@id": "https://www.fraxion.biz/blog#blog" }, "breadcrumb": { "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#breadcrumb" }, "inLanguage": "en", "datePublished": "2023-01-31T07:13:10Z", "dateModified": "2023-06-25T12:23:53Z", "description": "New feature alert: Budget overview feature that guides and informs decision-making with real-time data at decision points for enhanced budget control.", "primaryImageOfPage": { "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#primaryimage" } }, { "@type": "Blog", "@id": "https://www.fraxion.biz/blog#blog", "url": "https://www.fraxion.biz/blog", "name": "Spend management", "description": "Learn about tips, tricks, tools, and best practices on purchasing, procurement, and spend management." }, { "@type": "BreadcrumbList", "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.fraxion.biz/" }, { "@type": "ListItem", "position": 2, "name": "Blog", "item": "https://www.fraxion.biz/blog" }, { "@type": "ListItem", "position": 3, "name": "What’s new in Fraxion: Budget overview" } ] }, { "@type": "ImageObject", "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview#primaryimage", "url": "https://www.fraxion.biz/hubfs/PunchOut-with-Screenshot---4.jpg", "contentUrl": "https://www.fraxion.biz/hubfs/PunchOut-with-Screenshot---4.jpg" }, { "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.fraxion.biz/blog/whats-new-budget-overview" }, "author": { "name": "Fraxion", "url": "https://www.fraxion.biz/blog/author/fraxion", "@type": "Person" }, "headline": "What’s new in Fraxion: Budget overview", "datePublished": "2023-01-31T07:13:10.000Z", "dateModified": "2023-06-25T12:23:53.814Z", "publisher": { "name": "Fraxion", "logo": { "url": "https://www.fraxion.biz/hubfs/Fraxion_spend-management.png", "@type": "ImageObject" }, "@type": "Organization" }, "@context": "https://schema.org", "@type": "BlogPosting", "image": [ "https://www.fraxion.biz/hubfs/PunchOut-with-Screenshot---4.jpg" ] }, { "@context": "https://schema.org/", "@type": "SoftwareApplication", "name": "Fraxion", "image": "https://www.fraxion.biz/hubfs/Mercuric/fraxion-procurement-software-logo-color.svg", "description": "Fraxion is a mid-market procure-to-pay platform that helps finance teams control spending before money is committed, automate AP, and extend their existing ERP—without the complexity of an enterprise system.", "brand": { "@type": "Brand", "name": "Fraxion" }, "aggregateRating": { "@type": "AggregateRating", "ratingValue": "4.4", "bestRating": "5", "worstRating": "1", "ratingCount": "193", "reviewCount": "193" }, "review": { "@type": "Review", "name": "G2 User", "reviewBody": "It used to take me a month and a half just to enter invoices; now I can easily get through each one in about three to four minutes. Fraxion pulls in all the details—prices, quantities—so it's much easier to spot mistakes. It's made my job so much easier.", "reviewRating": { "@type": "Rating", "ratingValue": "5", "bestRating": "5", "worstRating": "1" }, "datePublished": "2026-03-12", "author": { "@type": "Organization", "name": "G2" }, "publisher": { "@type": "Organization", "name": "G2" } } } ] } ``` [Home](https://www.fraxion.biz/) / [Blog](https://www.fraxion.biz/blog) / What’s new in Fraxion: Budget... News # What’s new in Fraxion: Budget overview [Fraxion](https://www.fraxion.biz/blog/author/fraxion) Jan 31, 2023 ![](https://www.fraxion.biz/hubfs/PunchOut-with-Screenshot---4.jpg) As facilitators of proactive spend management, we understand that giving authorized approvers the ability to access real-time budgets empowers informed decision-making and drives accountability. In our recent release we have further enhanced budget tracking and visibility, providing approvers with clear budget oversight at decision points, making it easier to achieve budget compliance and curb overspending.Introducing our new budget overview feature:![Budget Overview (1)](https://www.fraxion.biz/hs-fs/hubfs/Budget%20Overview%20(1).png?width=635&height=450&name=Budget%20Overview%20(1).png) With real-time budget visibility, approvers are empowered to make informed decisions by reviewing the potential impact of spend against budgets, before approving requests. What are the benefits? Replace multiple spreadsheet budget tracking that occurs after the fact with real-time spend tracking and available and committed budget visibility that enables faster and more astute decision-making when approving purchase requests.When viewing a purchase request or invoice in Fraxion, the new budget overview feature provides the following data visualizations that assist in the decision-making process: ● Budget: Available, committed, and actuals● Vendor: Annual spend and spend by selected period ● Employee: Vendor spend by employeeThese interactive graphs and charts display the budget spent against the cost allocation, spend with the associated vendor, and the vendor spending history of the employee submitting the request or invoice. This budget insight empowers approvers to review and approve with confidence or reject or query requests and invoices when the system flags potential risks.The goal? To guide and inform decision-making with clear point of decision analytics that provide transparency and real-time insight into the impact of spend before it’s incurred. In summary, these are the key benefits:For approvers● A quick and easy overview of departmental budgets by selected periods ● Budget visibility on any device, from any location● Data visualization that enables faster, informed decision-making● Empowers effective budget management● Guides spending behavior and measures budget impact before costs are incurred ● Time savings and efficienciesFor your business:● Real-time budget tracking and visibility● Budget compliance● Accountable spending● Curbs overspending● Time savings and efficienciesTo view our new budget overview feature in action, [request a custom demo](https://www.fraxion.biz/get-a-demo) to see practical request and invoice scenarios, relevant to your business requirements. We'd love to show you how you can achieve proactive spend management by empowering approvers with real-time budget visibility that reduces risk and simplifies compliance. [News](https://www.fraxion.biz/blog/tag/news) News ## Similar posts News ### What's new in Fraxion Mobile: Invoice approvals, real-time budget views, and more Discover new Fraxion Mobile features: invoice approvals, real-time budgets, PO access from requests & total cost views—enabling proactive spend... Fraxion May 27, 2025 Procurement ### Fraxion vs Precoro: which procure-to-pay software is better for mid-sized teams in 2026? Discover which procure-to-pay software—Fraxion or Precoro—best fits your needs. Compare features, integrations, and benefits to make an informed... Fraxion Dec 7, 2025 News ### What’s new in Fraxion: Mobile app features and enhancements Introducing Fraxion's latest Mobile app features for efficient purchasing and receiving on-the go. Fraxion Oct 1, 2024 ### Subscribe for updates and spend management insights Get our latest content, updates, and how-to resources delivered to your inbox. ## See how Fraxion enables complete spend visibility and control Book a demo to see how Fraxion can assist your organization. [Book a demo](https://www.fraxion.biz/get-a-demo) ![Fraxion spend distribution dashboard on a laptop](https://www.fraxion.biz/hubfs/website%20rebrand%202026/blog/Device%20-%20Macbook%20Air.avif)