Fraxion
Fraxion
About Fraxion
Fraxion provides complete spend management solutions for purchase requisition-to-PO, expense and approval management, AP workflow management and spend analysis.
The solution enables mobile purchase requisition-to-purchase order functionality with advanced approval routing, quoting, invoice approval and 2 or 3-way matching capabilities.
Configure your company policies and actively manage compliance. Fraxion’s advanced analytics enable spend analytics with reporting power and insights. Get visibility into budgets at decision points and quantify the level of risk in requests before incurring any costs.
Manage supplier take-on and ensure that all spend occurs with approved suppliers. Leverage your data to negotiate more favorable terms and discounts.
Fraxion PunchOut en...
Fraxion Pricing
Per user pricing model. Contact Fraxion for detailed pricing information.
Free trial:
Available
Free version:
Not Available
Other Top Recommended Accounting Software
Most Helpful Reviews for Fraxion
1 - 5 of 54 Reviews
Jared
Verified reviewer
11-50 employees
Used daily for less than 12 months
Review Source: Capterra
This review was submitted organically. No incentive was offered
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed January 2018
Could not be happier with this software.
PROS
Very intuitive interface. Most users were able to pick up how to use it with minimal training. Previously we were using WebApps in Microsoft Dynamics SL to enter purchase order requests, and the interface was so difficult people simply stopped submitting purchase orders. With eRequester, we have nearly 100% compliance.
CONSWe are a project management company. eRequester (like most purchasing software) uses departmental approval routing. On projects, it would be nice if the approval routing could shift to a project basis, rather than departmental. It would need to pull who the project manager is from our ERP software, and set the routing to go to that person instead, so no small feat. But, that's my one complaint.
Igsaan
Hospital & Health Care, 201-500 employees
Used daily for more than 2 years
Review Source: Capterra
This review was submitted organically. No incentive was offered
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
3
CUSTOMER SUPPORT
4
FUNCTIONALITY
4
Reviewed February 2022
Fraxion Spend review
The experience if good.
PROSEasy of use. Easy to navigate. Access the system anywhere including on your mobile phone.
CONSChallenge with approval work flows and insolate them per module. Procurement policy cannot be mirrored in the system.
Reason for choosing Fraxion
Because Fraxion had the modules that the Scheme required.
James
Research, 201-500 employees
Used daily for more than 2 years
Review Source: Capterra
This review was submitted organically. No incentive was offered
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2023
Requisition procedure and process
It is a great Organization to work with, the people are wonderful and very supportive to your needs.
PROSThe ease of use for the technical Staff, and the ability to configure approval paths.
CONSThere were no issues with the software or the support from the Fraxion Teams
Reason for choosing Fraxion
Ease of use
David
Retail, 501-1,000 employees
Used daily for more than 2 years
Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
OVERALL RATING:
3
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
2
FUNCTIONALITY
3
Reviewed July 2020
Prestige Cosmetics
Faster processing times, less time spent in the Finance department on processing and capturing, correct approvals are in place. Negative experiences with regards to integration into our existing setup, implementation team was not very clued up on the integration, lack of communication and understanding of setup and implementation, no project manager or project management skills displayed
PROSIt is easy to use, with the cloud based version it is accessible from anywhere, and quite customisable on the user front with regards to approvals and workflows. Great data and document store
CONSIntegration and setup was extremely difficult, it did not integrate well into our existing setup, limitations on user rights in terms of reports, reporting could use alot of work to improve and add more value
Reason for choosing Fraxion
There were no other alternatives that we explored.
Vendor Response
Thank you for your review, David. As we are committed to continually improving our product and processes, your feedback is much appreciated. We're glad that you find the product easy to use and that you're enjoying the accessibility that a cloud solution brings. It's great to hear your comments on the customizable user front end and the data and document digitization benefits you're seeing. We've heard the requests for improved reporting and are pleased to inform you that we will be releasing a new BI platform shortly. We're certain it will address your requirements with advanced analytics, dashboard views, and actionable insights. One of our consultants will contact you to provide more details as soon as it is available. We understand your concerns around integration challenges. As a fully cloud deployed solution, we constantly strive to find better and more cost-effective means of integrating into legacy on-premise accounting solutions to ensure a seamless user experience.
Replied July 2020
Steve
Entertainment, 51-200 employees
Used daily for more than 2 years
Review Source: Capterra
This review was submitted organically. No incentive was offered
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2022
Excellent Requisition Solution
Prior to implementing this software, we used a manual paper request system which was very inefficient and difficult to keep organized. This software has been a huge improvement over our previous system and has greatly enhanced the efficiency of our process.
PROSIt is easy to use for our Accounting department and end users. It provides all of the custom routing and request setup options that we need for our approval process.
CONSThere are occasional issues with the system that we have to reach out to support about. The support team is very timely, however, which makes solving the issues quick and easy.
Reason for choosing Fraxion
We looked at multiple other products but chose Fraxion because it had the strongest requisition ability. The others were great on the approval workflow side but none of them compared to Fraxion's requisition ability.
