--- title: "Time & Cost Savings" description: "Cut invoice processing costs by up to 80%, reduce approval cycle times, and free your finance team from manual work. See the savings Fraxion customers report." canonical: https://www.fraxion.biz/solutions/time-cost-savings url: https://fraxion.getmd.ai/solutions/time-cost-savings.md last_converted: 2026-09-08T23:40:05.526Z --- ```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" } } } ] } ``` Time & cost savings # Less time on manual work. Lower costs. Finance operations that scale. Fraxion replaces the manual work in procurement and AP, data entry, approval chasing, invoice matching, and month-end reconciliation, with automated workflows that reduce processing time, cut costs, and free your team to focus on work that requires judgment, not repetition. Gain faster approvals, lower your cost per invoice, and manage growing transaction volumes, all while keeping the same team. [Book a demo](https://www.fraxion.biz/get-a-demo) [Watch 2-min overview](https://www.fraxion.biz/javascript:postMessage({type:) ![Fraxion spend analytics dashboard](https://www.fraxion.biz/hubfs/website%20rebrand%202026/Time%20and%20cost%20savings/time-hero.webp) ## Trusted by mid-market finance teams ![City of Charlottetown](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2046.webp?width=138&height=84&name=image%2046.webp) ![The Hotchkiss School](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2045.webp?width=144&height=45&name=image%2045.webp) ![Mukuru](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Financial%20Services/image%2041.webp?width=164&height=52&name=image%2041.webp) ![aTyr Pharma](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2042.webp?width=79&height=47&name=image%2042.webp) ![Cube Workspace](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2043.webp?width=149&height=26&name=image%2043.webp) ![Board of Healthcare Funders](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2048.webp?width=147&height=54&name=image%2048.webp) ![OSN](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Procurement%20automation/image%2049.webp?width=73&height=48&name=image%2049.webp) ![Finance lead working through a stack of paper invoices](https://www.fraxion.biz/hubfs/website%20rebrand%202026/Time%20and%20cost%20savings/time-split-composite.webp) The challenge ## Manual procure-to-pay: more work, errors, and cost The visible cost is time: keying in invoices, chasing approvals through inboxes, matching documents manually, and reconstructing records at month-end. The hidden cost is what manual processes miss and what slips through undetected: duplicate payments, overpayments, goods not received, and budget overruns discovered after the money is spent. Both costs scale with transaction volume, and as volume grows, organizations find themselves adding headcount to keep pace with a manual process rather than building capability. ## How it works ### Approvals that move in seconds — not days Requests route to the right approver automatically, and approvers act in seconds from mobile, desktop, or Microsoft Teams. Approval cycles are up to 80% faster, so purchase requests and invoices move without waiting on inboxes, delayed responses, or email chains with no clear owner. ### Faster invoice processing AI-powered data extraction and automatic matching take invoice handling from hours to minutes. Process invoices up to 5x faster at up to 80% lower cost per invoice, with the same team. ### Lower processing costs Automated requisition-to-PO workflows cut PO processing costs by 30 to 70% and make finance teams more productive. As invoice volume and procurement complexity grow, Fraxion absorbs the workload, reducing the need to add headcount even as transaction volume increases. ### Savings that scale with every process you automate When procurement and AP run as one connected process, savings compound at every stage. Audit preparation takes up to 70% less time. Month-end close shortens. And organizations running an end-to-end P2P process report operational cost savings of up to 20% as efficiencies across the full cycle replace the manual work and errors that come with disconnected processes. Sustainable savings ## Automate the process.Cut the cost. Fraxion automates the manual work across procure-to-pay, helping your teams spend less time keying invoice data, locating missing documentation, and handling repetitive tasks. AI-powered risk advisors flag exceptions and help finance teams focus on what matters, rather than spending time on day-to-day processing. Built-in internal controls help prevent overspending and unauthorized spend, while reducing errors and rework to deliver greater efficiency and lower processing costs. ![Fraxion dashboard with spend charts on a laptop](https://www.fraxion.biz/hs-fs/hubfs/website%20rebrand%202026/Time%20and%20cost%20savings/time-laptop.webp?width=1240&height=632&name=time-laptop.webp) ## “It used to take me a month and a half just to enter invoices; now I can easily get through each one in three to four minutes. We put out maybe a thousand invoices a month through Fraxion, and we’d have to hire two more people in the department if we didn’t have it.” Sean F. Finance Director, Cube Workspace ## 50-80% faster approval cycles ## 5x faster invoice processing Up to ## 80% lower cost per invoice ## See what greater process efficiency could save you [Book a demo](https://www.fraxion.biz/get-a-demo) [View integrations](https://www.fraxion.biz/integrations) ## FAQs ### How quickly will we see ROI from procurement and AP automation? Most Fraxion customers see measurable ROI within six to twelve months of go-live. Faster approval cycles and reduced processing costs are typically the earliest gains, followed by measurable spend reduction as controls embed across the organization. The size of the return depends on transaction volume, process maturity, and organizational adoption, which is why we model projected savings during evaluation, configured to your spend volume and processes. ### Where do the savings from AP and procurement automation come from? Savings come from four sources. Process cost reduction: automation removes manual data entry, document matching, and approval chasing, cutting both cost per invoice and approval cycle times by up to 80%. Error prevention: duplicates, overpayments, and off-policy purchases are caught before payment rather than recovered after. Spend authorization: purchase approval against defined budgets and policies before a commitment is made, preventing the overspend and unauthorized purchasing that only surface at month-end. Spend leverage: real-time visibility shows where to consolidate vendors and direct purchasing to approved vendors with negotiated pricing. ### Do we need full procure-to-pay to see savings? No. Many customers start with procurement or AP automation and see meaningful returns from that process alone. When both run as one connected procure-to-pay workflow, savings increase, but the return on either is significant enough to justify the investment independently. ### How do you calculate the savings for our organization? During evaluation, Fraxion models projected savings from your own numbers, invoice volume, approval cycle times, and processing costs, so the business case reflects your operation rather than industry averages. ### How long does implementation take? Most implementations go live within three months. A Fraxion implementation consultant guides you through each step, from configuring approval workflows and GL coding rules to completing the ERP integration (if required) and user onboarding. ## What would your finance team do with 80% of their processing time back? Fraxion takes the manual work out of procurement and AP. With faster processing and lower costs, your team can focus on decisions, not data entry. Book a demo customized to your business requirements. [Book a demo](https://www.fraxion.biz/get-a-demo) ![Fraxion spend analytics report on a tablet](https://www.fraxion.biz/hubfs/website%20rebrand%202026/Time%20and%20cost%20savings/time-footer-media.webp)