--- title: "What's new in Fraxion: KPI dashboard" description: "Introducing Fraxion" image: https://www.fraxion.biz/hubfs/Group%2021182.webp canonical: https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard url: https://fraxion.getmd.ai/blog/whats-new-in-fraxion-kpi-dashboard.md last_converted: 2026-09-09T18:27:23.427Z --- ```json { "@graph": [ { "@type": "BlogPosting", "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#article", "url": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard", "mainEntityOfPage": { "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#webpage" }, "isPartOf": { "@id": "https://www.fraxion.biz/blog#blog" }, "headline": "What's new in Fraxion: KPI dashboard", "name": "What's new in Fraxion: KPI dashboard", "inLanguage": "en", "datePublished": "2024-11-27T15:36:53Z", "dateModified": "2024-11-27T15:36:54Z", "description": "Introducing Fraxion's new KPI dashboard for procurement and spend management insights.", "image": { "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#primaryimage" }, "articleSection": "Spend analytics", "keywords": [ "Spend analytics" ], "author": [ { "@type": "Person", "name": "Nina Toscani", "url": "https://www.fraxion.biz/blog/author/nina-toscani", "sameAs": [ "https://www.fraxion.biz/blog/author/nina-toscani" ], "image": "https://www.fraxion.biz/hubfs/MicrosoftTeams-image%20(16).png" } ] }, { "@type": "WebPage", "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#webpage", "url": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard", "name": "What's new in Fraxion: KPI dashboard", "isPartOf": { "@id": "https://www.fraxion.biz/blog#blog" }, "breadcrumb": { "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#breadcrumb" }, "inLanguage": "en", "datePublished": "2024-11-27T15:36:53Z", "dateModified": "2024-11-27T15:36:54Z", "description": "Introducing Fraxion's new KPI dashboard for procurement and spend management insights.", "primaryImageOfPage": { "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#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-in-fraxion-kpi-dashboard#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: KPI dashboard" } ] }, { "@type": "ImageObject", "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard#primaryimage", "url": "https://www.fraxion.biz/hubfs/Group%2021182.webp", "contentUrl": "https://www.fraxion.biz/hubfs/Group%2021182.webp", "caption": "KPI dashboard for procurement and spend management insights" }, { "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.fraxion.biz/blog/whats-new-in-fraxion-kpi-dashboard" }, "author": { "name": "Nina Toscani", "url": "https://www.fraxion.biz/blog/author/nina-toscani", "@type": "Person" }, "headline": "What's new in Fraxion: KPI dashboard", "datePublished": "2024-11-27T15:36:53.000Z", "dateModified": "2024-11-27T15:36:53.996Z", "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/Group%2021182.webp" ] }, { "@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: KPI... Spend analytics # What's new in Fraxion: KPI dashboard [Nina Toscani](https://www.fraxion.biz/blog/author/nina-toscani) Nov 27, 2024 ![KPI dashboard for procurement and spend management insights](https://www.fraxion.biz/hubfs/Group%2021182.webp) ## What’s new in Fraxion: KPI dashboard for procurement and spend management insights We’re thrilled to announce the launch of a powerful new KPI dashboard in Fraxion’s spend analytics tool, Insights. The dashboard empowers your company to track critical procurement and spend management metrics. Gain a comprehensive view of procurement efficiency, benchmark your performance against industry peers, and uncover actionable opportunities for improvement. With these insights, you can make informed decisions, streamline workflows, and achieve better outcomes—all from a single, intuitive platform. ![KPI dashboard for procurement and spend management insights](https://www.fraxion.biz/hs-fs/hubfs/kpi%20dashboard.png?width=729&height=451&name=kpi%20dashboard.png) ## Introducing the KPI dashboard The new KPI dashboard offers a clear and detailed look at key performance indicators (KPIs) that impact spending and operational efficiency. From vendor utilization to approval times, these metrics empower your organization to make informed, data-driven decisions that drive process efficiency and cost-effectiveness. The KPI dashboard includes nine core KPI cards, each delivering valuable insights into different aspects of procurement performance. Let’s explore what each KPI card covers and how it can help you enhance your spend management strategy. ## Key features of the KPI dashboard ### 1. Vendor count for purchase orders (POs) and invoices This KPI card displays the total number of vendors used for purchase orders and/or invoices, compared to the average vendor count across other organizations using Fraxion. Tracking vendor count allows you to assess how effectively you’re managing your vendor base and whether there are opportunities to streamline or consolidate vendors. ### 2. Average items ordered per vendor This card shows the average number of line items ordered per vendor, providing insight into purchasing patterns compared to industry standards. For instance, if your organization frequently places small orders, you might consider consolidating purchases to negotiate better rates or streamline delivery processes. ### 3. Number of vendors used in the last 6 months This metric displays the number of vendors your organization has used for purchase orders and invoices over the last six months. Monitoring this can reveal how effective your vendor acquisition and selection processes are, as well as how efficiently you are distributing spend across your vendor base. ### 4. Average time from request to PO This card measures the average time taken, in hours, from submitting a request to creating a purchase order. Comparing this metric with community averages highlights potential areas for speeding up procurement workflows and improving responsiveness to demand. ### 5. Average request approval time This metric displays the average time, in hours, from the moment a request is submitted to the time it receives full approval. Tracking and optimizing this KPI can reduce bottlenecks, helping you meet organizational demand more efficiently. ### 6. Average invoice approval time This KPI monitors the average time taken for invoice approvals, from submission to final approval. By reducing approval times, organizations can improve cash flow management and build stronger relationships with vendors. ### 7. Average requests per employee This card displays the average number of requests submitted per employee, offering insight into procurement workload distribution and efficiency across teams. ### 8. Average POs per employee This KPI measures the average number of purchase orders processed per employee, allowing you to assess employee productivity and evaluate how effectively procurement duties are being managed within your organization. ### 9. Average invoices per employee Similar to request and PO metrics, this card displays the average number of invoices processed per employee. Understanding this metric helps you ensure optimal resource allocation and workload management within procurement and accounts payable teams. ## Benefits of the KPI dashboard The KPI dashboard provides a centralized view of your organization’s procurement performance, empowering you to: - #### Benchmark performance against industry standards: Compare your performance with averages from the broader Fraxion community to identify strengths and opportunities for improvement. - #### Enhance process efficiency: Gain insights into turnaround and approval times, identify problem areas, and leverage actionable insights to streamline workflows, distribute workloads, and reduce cycle times. - #### Improve spend control and resource allocation: Monitor spend metrics to ensure resources are used efficiently and to identify high-expenditure departments or employees. - #### Boost your purchasing strategy: Identify opportunities to consolidate your vendor base and negotiate better terms and volume discounts to reduce your operational spend. Ready to see how the KPI dashboard can inform your organization’s procurement and spend management strategy? [Contact us to arrange a demo](https://www.fraxion.biz/get-a-demo)and let us show you how you can unlock new efficiencies and savings with Fraxion. [Spend analytics](https://www.fraxion.biz/blog/tag/spend-analytics) Spend analytics ## Similar posts News ### What’s new in Fraxion: Invoice matching enhancements Fraxion's latest invoice matching enhancements offer improved accuracy, speed, and risk management in your AP process. Fraxion Aug 13, 2024 News ### What's new in Fraxion: Invoice batching Introducing Fraxion's latest addition to the procure-to-pay suite, invoice batching. Streamline how you group multiple approved invoices into a... Fraxion Jun 6, 2024 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)