Fraxion Launches in North America With Modern Cloud Solution for Spend Management

Fraxion, a cloud-based procure-to-pay solution for business spend management, recently launched in North America following its merger with eRequester, with eRequester, a U.S. based e-procurement software suite provider.

According to spokesmen, this merger is designed to provide an enterprise-grade, native cloud spend enablement solution to the “underserved” mid-market.

Stanton Jandrell, co-Founder and CEO of Fraxion said in a statement that the aim is to simplify spend control globally, shifting spend management to spend enablement by offering a cost-effective, comprehensive platform to mid-market companies.

In an interview with SCMR, he added that the deal came together over time.

“The partnership was established by the two CEOs a couple of years ago building on the great synergies between the two companies,” he said. “The match was so powerful that shareholders in both companies started to work on a stronger cooperation that led to this year's merger.”

Fraxion maintains that mid-size businesses are making strides towards controlled spend management, but have yet to reach the efficiencies enterprise peers are experiencing. Instead, millions of dollars in procurement transactions are still being managed using outdated or paper-based processes. Fraxion's spend enablement platform is meant to give purchasing leaders visibility of expenditure at every transaction stage, ultimately identifying common spending trends and forecasting for the future.

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