--- title: "Compliant procurement software for oil and gas and natural resources" description: "Fraxion" canonical: https://www.fraxion.biz/industries/natural-resources url: https://fraxion.getmd.ai/industries/natural-resources.md last_converted: 2026-08-22T02:14:48.021Z --- ```json { "@context": "https://schema.org/", "@graph": [ { "@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" } } } ] } ``` Procure-to-pay software for natural resources # Control spend across every site and project Procurement and AP automation for oil, gas, energy, mining, and environmental services, giving finance teams and field operators real-time visibility and control, AFE compliance, and full auditability. [Request a demo](https://www.fraxion.biz/get-a-demo) ![Purchasing control in natural resources](https://www.fraxion.biz/hubfs/Purchasing%20control%20in%20natural%20resources.webp) ## Companies we work with ![Ur-Energy logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/ur%20energy.webp?width=117&height=38&name=ur%20energy.webp) ![ROX logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/ROX%201.webp?width=119&height=52&name=ROX%201.webp) ![Firemaster logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/Firemaster-Logo-transaparent%201.webp?width=125&height=30&name=Firemaster-Logo-transaparent%201.webp) ![FPB logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/fpb%2B-%2Bwebsite%2B-%2Bheader%2B-%2Blogo-01%201.webp?width=49&height=41&name=fpb%2B-%2Bwebsite%2B-%2Bheader%2B-%2Blogo-01%201.webp) ![NSE logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/NSE_LOGO_4C_Wide%202.webp?width=200&height=30&name=NSE_LOGO_4C_Wide%202.webp) ![Client logo](https://www.fraxion.biz/hs-fs/hubfs/OIP%20(27).webp?width=103&height=43&name=OIP%20(27).webp) ![Client logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/logo-1%20(1)%201.webp?width=60&height=38&name=logo-1%20(1)%201.webp) ![Client logo](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/OIP%20(2)%205.webp?width=170&height=30&name=OIP%20(2)%205.webp) ![Field operator at a remote natural resources site using a laptop](https://www.fraxion.biz/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/male-entrepreneur-using-computer-while-working-office%201.webp) Natural resources ## From dispersed field purchasing to centralized spend visibility Remote sites, field teams, and high-volume contractor and supplier spend create the perfect conditions for cost overruns, unauthorized purchasing, and AP backlogs, all compounding quietly across every site and project while finance teams struggle to maintain visibility and control from the office. Manual procurement and disconnected AP processes don't just slow operations down, they create financial risk and erode project profitability. [Request a demo](https://www.fraxion.biz/get-a-demo) ## Why natural resources companies choose Fraxion Natural resources companies trust Fraxion to bridge the gap between field operations and finance, giving every team member a fast, simple way to purchase and approve from any remote location, while finance teams maintain complete spend control, cost allocation accuracy, and audit readiness across every site and project. ### Field-to-finance visibility and spend control Every purchase request, approval, and invoice tracked in real time, with policy enforcement and budget visibility built into every transaction. ### Cost allocation accuracy Every dollar automatically allocated to the right site, project, and cost center, eliminating manual reconciliation across complex cost structures. ### Faster AP processing High invoice volumes processed automatically, cutting AP cycle times by up to 80%. ### Audit readiness Complete digital audit trails for every transaction across every site, keeping your organization audit-ready at all times. How Fraxion supports finance teams in natural resources ## How Fraxion supports finance teams in natural resources purchasing and approvals ## Fast, compliant purchasing from any remote site, on any device Give field operators and remote site teams a fast, mobile way to purchase and approve from any location, while finance teams maintain real-time spend visibility, budget controls, and full auditability over every transaction. - Stay in control of field purchasing as teams submit and approve from web, mobile, or Microsoft Teams - Protect project budgets by reviewing spend impact at every approval point before spend is committed - Remove manual processing with POs generated automatically from approved requests - Manage contractor, maintenance, and services procurement with the same approval controls and auditability as goods purchasing - Manage expenses, travel, per diems, and cash advances from any remote location - Prevent overpayment by receiving goods and services against open POs from the mobile app, on-site - Keep every field transaction tracked, policy-compliant, and audit-ready [Learn more →](https://www.fraxion.biz/purchasing-workflow) ![Automated purchase requistions and approvals](https://www.fraxion.biz/hs-fs/hubfs/Automated%20purchase%20requistions%20and%20approvals.webp?height=2000&name=Automated%20purchase%20requistions%20and%20approvals.webp) ![Approved vendor catalog and PunchOut storefront inside Fraxion](https://www.fraxion.biz/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/Frame%202118392019-3.webp) PunchOut integrations and vendor compliance ## Give teams purchasing freedom. Give finance teams complete control. Free field and services teams from manual purchasing, giving them more time for exploration, development, and production. Purchase directly from approved supplier storefronts at pre-negotiated prices, with complete spend control, visibility, and auditability. - Integrate approved vendor catalogs with PunchOut, including Grainger, Amazon Business, ULINE, HD Supply, and more - Eliminate rogue spend with every purchase made at pre-negotiated prices from approved suppliers - Host internal catalogs for standardized operational supplies and equipment - Manage spending with policy controls, budget checks, and approval workflows for catalog and PunchOut purchases - Consolidate supplier spend to qualify for volume discounts and better contract terms [Learn more about PunchOut →](https://www.fraxion.biz/punchout-catalog-software)[Learn more about Catalogs →](https://www.fraxion.biz/catalog) Accounts payable ## High invoice volumes. Multiple sites. One automated AP process. Natural resources operations generate high volumes of contractor, services, and supplier invoices across multiple remote sites and manual AP processing simply can’t keep up. Fraxion automates the entire invoice lifecycle, giving AP teams the speed and accuracy to process high volumes, allocate costs correctly, and close the books faster. - Cut AP cycle times by up to 80%, from 10–14 days to as little as 2–4 days - Process high volumes of contractor, services, and supplier invoices without adding headcount - Eliminate manual data entry, reduce error rates, and flag exceptions automatically with AI-powered capture that extracts invoice data at 95% accuracy - Prevent contractor overpayment by matching invoices against POs and receipts and flagging discrepancies before payment - Allocate invoice costs accurately across multiple sites, wells, projects, and cost centers - Approve invoices remotely from any site or location, keeping AP moving without office-based delays - Cut invoice error rates, reducing contractor disputes and reconciliation time - Post only pre-approved, policy-compliant invoices to your financial system [Learn more →](https://www.fraxion.biz/ap-automation) ![AP automation for natural resources](https://www.fraxion.biz/hs-fs/hubfs/AP%20automation%20for%20natural%20resources.webp?height=2000&name=AP%20automation%20for%20natural%20resources.webp) ![Spend analytics dashboard with site, well, and project cost breakdown](https://www.fraxion.biz/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/total.webp) Spend analysis, AFE tracking, and reporting ## Total spend visibility across every site, well, and project Stop managing complex cost structures in spreadsheets, give finance teams oversight of spend across every remote site, well, and project, with Authorization for Expenditure (AFE) tracking, accurate cost allocation, and the reporting needed to protect budgets, control operational spend, and make faster, more informed decisions. - Track and allocate costs across multiple sites, wells, projects, and AFEs in real time - Know exactly what every site and project is costing with operating and capital expenditure tracked by site, well, and cost center - Protect budgets by reviewing available and committed spend at every approval point before costs are incurred - Instantly generate on-demand reports by site, budget, supplier, and user - Identify cost-saving opportunities and consolidate vendors across every site and project - Track maintenance and repair costs against specific equipment and assets, and know when replacement is more cost-effective than continued repair [Learn more →](https://www.fraxion.biz/spend-analytics-software) ## Your operations are complex. Your procure-to-pay process doesn’t have to be. Fraxion gives natural resources finance teams and field operators everything needed to control spend, automate AP, and maintain complete auditability — from the office to every site, well, and project. [Book a demo](https://www.fraxion.biz/get-a-demo) ![Fraxion mobile app showing the purchasing dashboard and budget tracking](https://www.fraxion.biz/hubfs/website%20rebrand%202026/NATURAL%20RESOURCES/Group%201707480458.webp) ## FAQs Frequently asked questions about Fraxion’s procurement software for natural resources. Need more information? ### Is Fraxion's procurement software easy to adopt for non-technical users? Yes, Fraxion's user-friendly interface empowers all users to submit requests with ease, and with minimal training. Users can access the system via the web or mobile app, from any location, enabling employees in the field to use the system remotely. ### Can users access Fraxion via their mobile phones? Yes, Fraxion's procurement software for natural resources is accessible via a native mobile app for easy purchase and expense requests, budget review, and approvals. ### Can we track expenditure against projects and budgets? Yes, you can track expenditure against projects and budgets, and review available and committed spend in real-time before approving or incurring any costs. These features can assist in keeping AFE spending on track and on budget. Reporting on spend by transaction, budget, vendors, and users is also supported by the system. ### Does Fraxion enable cash advance, expense claims, travel, and per diem requests and approvals? Yes, users can submit requests for all of these expense types. Requests are routed for approval, and managers can review, reject, approve, or cancel, from any location. ### Can I integrate my preferred vendors' catalogs? Yes, Fraxion integrates with natural resources vendors such as Amazon, Grainger, ULINE, and HD Supply. We can integrate with any vendor that is cXML-enabled. If a vendor is not cXML-enabled, we work with a third-party consultancy that can assist in getting vendors PunchOut-enabled. Fraxion also enables internal catalog hosting via our Catalog module. [Get in touch](https://www.fraxion.biz/get-a-demo) [View integrations](https://www.fraxion.biz/integrations)