Fraxion Software

Fraxion Software

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Recommendations

FrontRunners 2022

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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.

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Proactive spend management

Fraxion User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4.5

Value for money

4

Customer support

4.5

Functionality

4

Showing 1 - 5 of 49 reviews

User Profile

Jared

Verified reviewer

Company size: 11-50 employees

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

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.

Cons

We 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

Company size: 201-500 employees

Industry: Hospital & Health Care

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
3

Value for money

out of 5
4

Customer support

out of 5
4

Functionality

out of 5

February 2022

Fraxion Spend review

The experience if good.

Pros

Easy of use. Easy to navigate. Access the system anywhere including on your mobile phone.

Cons

Challenge with approval work flows and insolate them per module. Procurement policy cannot be mirrored in the system.

Reasons for choosing Fraxion

Because Fraxion had the modules that the Scheme required.

Elbert

Company size: 1,001-5,000 employees

Industry: Museums and Institutions

Time used: Less than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

September 2019

Great software that greatly improved our Purchasing abilities.

We were on a paper system using Microsoft GP as our accounting software. We needed something that integrated with GP and was easy to implement and train. After a year researching various alternatives, we chose this software for cost, ease of implementation, and user friendliness. The implementation support was superb and the follow-up customer service was exceptional. We continues to expand into additional modules - the software saved us in significant time and effort of our purchasing team. It also greatly improved our audit response time. Our users can now easily request and track their purchase requests. The final PO is in GP, but this is accessible to them as well. Our number of licenses for GP prevented them from actually being able to check the PO. Recurring or blanket POs are much easier to produce and maintain on an annual basis.

Pros

Ease of use and accessibility to our primary requester personnel. Integration and Interface to GP2015 simple and automated. Clearly defined rule sets based on both Levels and Supervisors. Flexible rule changes to meet changing requirements. Tracking of requisitions and follow-up on results. Special Projects tracking.

Cons

So far nothing. Any Minor issues at implementation were worked through and explained by the implementation team.

Reasons for choosing Fraxion

Excellent support at initial analysis of our requirements. Ease of use compared to other systems. Cost/price point with functionality was a significant reason for our decision.

Reasons for switching to Fraxion

Excellent follow up by the sales team. Easy access to implementation support. Demo clearly identified to us how it would work and was easy to follow.

Mario

Company size: 11-50 employees

Industry: Hospitality

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
4

Ease-of-use

out of 5
4

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

August 2022

Does and much as you want or as little..

Overall, great. I inherited the oversight when we were in between DOF's. I'm much closer to it now. It keeps all departments in sync without wasted time. Also, helps to organize us to get things paid on time.

Pros

I keep a pretty tight budget. If I approve am expense, my DOF and GM trust it, but it also keeps them in the loop without having meetings to discuss expenses. They can see them as I see them and as questions, if needed. The who order the supplies are great at running a facility, but computers, not so much. They are able to navigate it as useful tool.

Cons

I'm sure there is a setting somewhere, but I'd like it to be easier to reference past requests. 'Reports' are long and not always what I need. For example, if I don't know who the req initiated with, it's hard to find. Maybe filter by GL code? This seems ticky tak, but you asked!

Reasons for choosing Fraxion

I didn't.

David

Company size: 501-1,000 employees

Industry: Retail

Time used: 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.
4

Ease-of-use

out of 5
4

Value for money

out of 5
2

Customer support

out of 5
3

Functionality

out of 5

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

Pros

It 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

Cons

Integration 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

Reasons for choosing Fraxion

There were no other alternatives that we explored.

Response from Fraxion

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

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