About Fraxion

Fraxion provides complete spend management solutions for purchase requisition-to-PO, expense and approval management, AP workflow management and spend analysis. Fraxion’s true cloud solution offers a mobile app, seamless integration and a proactive spend management suite for complete operational spend control and 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 analysis by category 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 enables an intuitive online shopping experience that provides integrated access to millions of products while leveraging established approval workflows in Fraxion. Use Fraxion’s Catalog module to set up and maintain approved supplier catalogs, shop and review product details, set up carts, templates and price lists with ease. Streamline the submission of expense claims and ensure compliance with company policies while speeding up reimbursement processes. Streamline local and international requests and approvals. Fraxion and eRequester merged in 2019, combining innovation and a wealth of expertise. With over 20 years of domain experience, we now operate as one, offering solutions that enable complete spend management.
Fraxion Software - Proactive spend management
Fraxion Software - Mobile app for purchasing, expenses and approvals with budget insight
Fraxion Software - Invoice approvals and 2 or 3-way matching capabilities
Fraxion Software - Punch out to strategic vendors and save
Fraxion Software - Spend visibility, audit trails and internal controls
Fraxion video
Fraxion Software - Proactive spend management - thumbnail
Fraxion Software - Mobile app for purchasing, expenses and approvals with budget insight - thumbnail
Fraxion Software - Invoice approvals and 2 or 3-way matching capabilities - thumbnail
Fraxion Software - Punch out to strategic vendors and save - thumbnail
Fraxion Software - Spend visibility, audit trails and internal controls - thumbnail

Fraxion pricing

Fraxion does not have a free version but does offer a free trial. Fraxion paid version starts at N/A.

Pricing Details:
Per user pricing model. Contact Fraxion for detailed pricing information. View Pricing Plans
Free Version:
No
Free trial:
Yes

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Fraxion Reviews for UK Users

Feature rating

Value for Money
4
Functionality
4
Ease of Use
4.5
Customer Support
4.5
5 reviews of 40 View all reviews
Jared C.
  • Company size: 11-50 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 23/01/2018

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.

Elbert S.
  • Industry: Museums & Institutions
  • Company size: 1,001-5,000 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 12/09/2019

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.

Verified Reviewer
  • Industry: Education Management
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
5

5
Reviewed on 20/09/2021

Procurement Management System User - Satisfied Customer

Pros

Highly recommended as a product for procurement management. Our company has been using the product for several years! We find the system to be user friendly, effective and cost efficient. The product has been a key component in streamlining our procurement processes. The support team continues to provide effective and timely response assistance.

Cons

Some of the features need to be updated to allow users more options when processing request.

David S.
  • Industry: Retail
  • Company size: 501-1,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
3
Ease of Use
4
Customer Support
2

3
Reviewed on 21/07/2020

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

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 24/07/2020
Elsabe G.
  • Industry: Nonprofit Organization Management
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
5

4
Reviewed on 20/07/2021

Fraxion since 2018

Approval of expenditure is quick and easy and ensures adherence to company policies and audit requirements.

Pros

Fraxion is easy to use and being able to quickly track the creation, submission and approval dates and times of requisitions and invoices eliminates confusion and excuses for not meeting deadlines. Integration with existing business processes was relatively easy, apart from one or two minor glitches.

Cons

The standard reports (dashboards) are not as useful to us as other reports would be, eg. a report that shows all invoices plus amounts linked to their respective purchase orders (history report, not only a 30 day report as is currently the case).

Response from Fraxion

Elsabe, thank you so much for your review. It's great to know that your expense approvals are quicker and easier, and policies and audit requirements are under control with Fraxion. I'm pleased to inform you that during the month of August, 2021 you will have access to a new embedded spend analytics feature that will enable you to report on all requisitions, purchase orders and invoices for any time period you wish to analyze. We can certainly assist with building custom reports for you, if you have specific requirements. Your Account Manager will get in touch shortly to discuss your options. We appreciate your feedback, Elsabe.

Replied 26/07/2021

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