--- title: "Spend management software with purchasing, AP automation, and analytics" description: "Optimize your indirect spend with Fraxion" image: https://www.fraxion.biz/hubfs/Solutions%20%282%29-1.png canonical: https://www.fraxion.biz/spend-management-software url: https://fraxion.getmd.ai/spend-management-software.md last_converted: 2026-09-11T21:33:46.907Z --- ```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" } } } ] } ``` # Manage and optimize your indirect spend Spend management software gives your organization proactive tools to track, manage, and analyze spend with ease. ## Get the most from your spend management software investment ![](https://www.fraxion.biz/hs-fs/hubfs/New%20spend%20management%20benefits-1.png?width=1024&height=180&name=New%20spend%20management%20benefits-1.png) ## Benefits of spend management ![7 Purchase requisition software 1](https://www.fraxion.biz/hs-fs/hubfs/7%20Purchase%20requisition%20software%201.png?width=341&height=400&name=7%20Purchase%20requisition%20software%201.png) ### Automate your processes for spend management efficiency Leverage the flexibility of Fraxion to simplify and automate workflows, fast-track processes, and remove approval delays. It’s so easy. [Learn more](https://www.fraxion.biz) ### Proactive spend management on-the-go Work remotely, guide purchasing decisions, and foster an accountable spending culture. Empower your team to submit purchase requests and expenses, review budgets and approve, wherever they are. [Learn more](https://www.fraxion.biz/features/mobile-procurement-app) ![Mobile-3](https://www.fraxion.biz/hs-fs/hubfs/Mobile-3.png?width=2000&height=1225&name=Mobile-3.png) ![Internal controls-1](https://www.fraxion.biz/hs-fs/hubfs/Internal%20controls-1.png?width=2000&height=1239&name=Internal%20controls-1.png) ### Say goodbye to unauthorized spending with budget and policy controls Drive procurement policy compliance and adherence to budgets with budget insights at decision points, and alerts and notifications for contraventions and potential risks in purchasing requests. [Learn more](https://www.fraxion.biz/how-to-track-your-spending-and-budget) ### Optimize vendor relations and reduce costs Simplify purchasing processes and direct all spend to approved vendors that offer the best value. Purchase from integrated vendor catalogs with PunchOut or host internal product Catalogs. [Learn more](https://www.fraxion.biz/features/punchout-procurement-software) ![punchout-Jan-28-2026-05-54-26-3225-PM](https://www.fraxion.biz/hs-fs/hubfs/punchout-Jan-28-2026-05-54-26-3225-PM.png?width=2000&height=1297&name=punchout-Jan-28-2026-05-54-26-3225-PM.png) ![analytics](https://www.fraxion.biz/hs-fs/hubfs/analytics.png?width=2000&height=1315&name=analytics.png) ### Gain insights and spend smarter with analytics and reporting tools Improve visibility, analyze and report on your spend to identify trends, process improvements and cost-saving opportunities. [Learn more](https://www.fraxion.biz/features/spend-visibility-analytics-software) ## Spend management software features [Purchase requisitions](https://www.fraxion.biz/features/purchase-requisition-software) [PURCHASE ORDERS](https://www.fraxion.biz/features/purchase-order-software) [policy & budget control](https://www.fraxion.biz/features/budget-approval-control-software) [AP AUTOMATION](https://www.fraxion.biz/features/ap-automation-software) [spend analysis](https://www.fraxion.biz/features/spend-visibility-analytics-software) [PUNCHOUT](https://www.fraxion.biz/features/punchout-procurement-software) [Catalog](https://www.fraxion.biz/features/internal-catalogs-software) [EXPENSES](https://www.fraxion.biz/features/expense-management-software) [MOBILE APP](https://www.fraxion.biz/features/mobile-procurement-app) ![2026 new badges](https://www.fraxion.biz/hs-fs/hubfs/2026%20new%20badges.png?width=850&height=120&name=2026%20new%20badges.png) - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Easy to use and a good ROI “Fraxion is really easy to use, it’s like when somebody picks up an iPhone they can start using it immediately; it’s so intuitive. We definitely get a good return on investment, that’s for sure.” **Associate Director, Operations**Jason S, aTyr Pharma - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Great tool for everyday spend management “Less paperwork in filing cabinets and paperless purchasing has been a wonderful change Our greatest feature has to be "PunchOut". When we went live with it, everyone really started to enjoy it.” **Purchasing Agent**Robert S, Education Management ![capterra rating](https://www.fraxion.biz/hs-fs/hubfs/capterra%20rating.png?width=178&height=41&name=capterra%20rating.png) - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Excellent requisition solution “This software has been a huge improvement over our previous system and has greatly enhanced the efficiency of our process. It is easy to use for our Accounting department and end users. We looked at multiple other products but chose Fraxion because it had the strongest requisition ability.” **Controller**Steve R. ![capterra rating](https://www.fraxion.biz/hs-fs/hubfs/capterra%20rating.png?width=178&height=41&name=capterra%20rating.png) - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Fraxion curtails unauthorized spend “All items need to be fully approved on Fraxion in order for the purchase order to be generated. We will only make payment if there is a PO for the relevant supplier invoice. This has reduced the amount of unauthorized spend in the business.” **Group Financial Accountant**Lauren R. ![capterra rating](https://www.fraxion.biz/hs-fs/hubfs/capterra%20rating.png?width=178&height=41&name=capterra%20rating.png) - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Very intuitive and easily to use tool “Great experience from an end-user perspective.” **1,001-5,001 employees**Human Resources. ![capterra rating](https://www.fraxion.biz/hs-fs/hubfs/capterra%20rating.png?width=178&height=41&name=capterra%20rating.png) - ![“](https://www.fraxion.biz/hubfs/%E2%80%9C.svg) #### Highly recommended for simplicity, approval management, and faster processes. “We’re able to keep our costs down and have the peace of mind that requests are getting the right approvals. Auditing has been smoother since implementing Fraxion. We get great support from the consultants as well. We’re really happy with the system and get a good return on investment.” **Information Technology**Kelly C. ![capterra rating](https://www.fraxion.biz/hs-fs/hubfs/capterra%20rating.png?width=178&height=41&name=capterra%20rating.png) "> ## Proactive spend management software Take control of your indirect spend. Every department will benefit from the ease-of-use and simplified processes, and your organization will gain a critical advantage by achieving financial accountability. [Request a demo](https://www.fraxion.biz/get-a-demo)