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Fraxion Spend Management Reviews & Product Details

Fraxion Spend Management Overview

What is Fraxion Spend Management?

Trusted by mid-sized companies worldwide, Fraxion's user-friendly solution drives procurement efficiency and proactive spend management. Automate purchasing, expense and AP processes, ensuring accountability and adherence to approved budgets and policies throughout your procurement process to reduce operational costs. Effortlessly track, manage, and analyze spending for informed decision-making, complete spend visibility, and auditability. Fraxion's comprehensive procure-to-pay suite features: -Purchase requisitions & custom approvals -Budget & policy control -Purchase order automation -Receiving, invoice matching & invoice approvals -AI-powered AP automation -Spend analytics, community insights & reporting -PunchOut & PunchIn -Internal Catalogs -Expense management -Mobile app -ERP / Accounting system integrations Empower your team to spend responsibly, wherever they are with Fraxion.

Fraxion Spend Management Details
Product Website
Languages Supported
English, French, Portuguese, Spanish
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Product Description

A user-friendly cloud solution for procurement efficiency, expense control, spend analysis and policy compliance.

How do you position yourself against your competitors?

A complete procure-to-pay solution for purchasing, expense, and AP automation with advanced analytics and reporting power.


Seller Details
Company Website
Year Founded
1997
HQ Location
Seattle, US
Twitter
@FraxionSoftware
720 Twitter followers
LinkedIn® Page
www.linkedin.com
61 employees on LinkedIn®
Description

Procurement software for proactive spend management.


CH
Overview Provided by:

Recent Fraxion Spend Management Reviews

LR
Lauren R.Small-Business (50 or fewer emp.)
4.5 out of 5
"Fraxion curtails unauthorised spend"
You can query and access all related documents for a supplier. The search button on the home screen is extremely helpful as you can search by order...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
0.0 out of 5
"Truly terrible for users"
There is nothing to like about this software from a user experience. As the IT professional, I was responsible for the rollout to our company. The ...
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"The system is robust and easy to use"
Capabilities and the fact that documentation can be stored on the system
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1 person requested security information

Fraxion Spend Management Media

Fraxion Spend Management Demo - Fraxion Spend Management
Dashboard displaying analytics cards and an activity timeline, unique to each user
Fraxion Spend Management Demo - Requisition-to-PO
Easy requisitions and approvals and automated purchase order processes
Fraxion Spend Management Demo - Budget and policy control
Review budget impact at decision points and drive policy compliance
Fraxion Spend Management Demo - Spend analysis
Embedded spend analytics and reporting power
Fraxion Spend Management Demo - AP efficiency
Digital purchasing records, receiving, invoice matching and approvals
Fraxion Spend Management Demo - Mobile app
Mobile app for easy requisitions, expenses, and approvals on-the-go
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Video Reviews

16 Fraxion Spend Management Reviews

4.3 out of 5
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16 Fraxion Spend Management Reviews
4.3 out of 5
16 Fraxion Spend Management Reviews
4.3 out of 5

Overall Review Sentiment for Fraxion Spend ManagementQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
LR
Group Financial Accountant
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Fraxion Spend Management?

You can query and access all related documents for a supplier. The search button on the home screen is extremely helpful as you can search by order number, invoice number etc. You can see full approval flow & history on all entries. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The reporting options or available reports have been updated/upgraded in the last few product updates. We would like to see more report options Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

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 unauthorised spend in the business. Review collected by and hosted on G2.com.

Verified User in Biotechnology
AB
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Fraxion Spend Management?

There is nothing to like about this software from a user experience. As the IT professional, I was responsible for the rollout to our company. The interface makes no sense with not a shred of intuitive UI design to it. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The user interface and workflow is terrible. Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

In theory, this is supposed to be an easy way for the entire organization to manage procurement. In practice, due to terrible user interface and flow design, it hurt our company. IT had to issue pages upon pages of user guides, which the end users would tape all over their offices and cubicle simply to add requests. Approvers had to do the same thing. This is because the workflows and user interface are so bad. The finance department spent way too much of their time trying to fix things. Eventually, we had to pull back the deployment and hire a new person on the finance team to put in all the requests -- which was precisely what the salespeople told us we would not need to do. Review collected by and hosted on G2.com.

Verified User in Publishing
AP
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Fraxion Spend Management?

Integration between our ERP system and Fraxion, seem less uploads for accounts. Reports analytics

Authorisation of spend management Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

Not able to update a purchase order after a request has been submitted. Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

Integration between ERP - no manual intervention. Managing budget spend for all employees Review collected by and hosted on G2.com.

Morongwa R.
MR
Finance Professional
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Fraxion Spend Management?

Fraxion is a very efficient procurement management system

The system is user friendly

The audit trail feature is essential, especially during audits

The workflow management feature

The budget management feature

The fact that I can access it anywhere, granted there is internet

The dashboard that shows the expenditure analysis reports

The email alerts whenever there is an action to be done

The search function that helps with finding historical transactions and activities Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

So far, I am pleased with the system

Everything is working well so far

Nothing at all

Not applicable Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

Fraxion has helped in terms of streamlining the procurement processes

We used to do the procurement manually, and ever since Fraxion was implemented, our processes and service delivery has been exceptional Review collected by and hosted on G2.com.

JC
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Fraxion Spend Management?

The ease of use, and the system support I receive from the Fraxion Team Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

I currently have no dislike of the product. Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

They provide the ability to meet our requirements with the Federal Acquisition Regulation in our approval process of requisitions. Review collected by and hosted on G2.com.

Verified User in Accounting
AA
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Fraxion Spend Management?

Capabilities and the fact that documentation can be stored on the system Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The updates made sometimes negatively affects our internal workflow Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

Our expense and travel workflow Review collected by and hosted on G2.com.

RA
Group Procurement manage
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Fraxion Spend Management?

User Friendly

Well priced

Drives internal compliance

Easy customizable

Fantastic support team

Live approvals and instant time stamps

3way invoice matching

Search functionality

Cloud-based Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

No OCR capabilities yet

The small pop-up screens when opening up a request could be a little bigger.

No options for diffrent lanaugaes profiles

The search functionality could be further improved Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

Full Procurement compliance Review collected by and hosted on G2.com.

Sayed Zuhair B.
SB
Administration
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
Abdelrahman M.
AM
Video Editor
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fraxion Spend Management?

Apps like Fraxion are essential when it comes to running your financial procurements and business spendings.

It has a straightforward and clean interface and explanatory charts to give precise findings of the financial matters of your business.

One thing I love about Fraxion is that it is easily accessible from anywhere as it is an entirely cloud-based service, so you don't need to worry about data loss or forget any financial detail about your business.

Fraxion has many more features and pros, as it organizes your approvals with ease of usage, so you don't have to send E-mails or any other thing that takes time.

It also gives you reviews of your total expenses and the ability to track them while they are happening. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

Sometimes it gets a little bit buggy, and I think it needs a little bit of updating and improving. It is not an AWFUL experience, but it has some issues that require a fix.

Also, it would be better if they added an interface for small businesses as it could be overwhelming for startups and small companies who don't really need all the features included.

Other than that, my experience with Fraxion is "Good," and if I have to rate it, I will give it a solid "8 out of 10." Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

It helped me save much time when managing my spendings, and it made my requisitioning much easier, as well as the approvals and reviewing the budget. Review collected by and hosted on G2.com.

Rajnish H.
RH
Summer Intern
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fraxion Spend Management?

The best thing about this app is there are a lot of features combined in a single app. I could easily save procurement and other financial spendings while using this app. It provides a good presentation of the portfolio of the total spendings, which is a plus point. Another good thing about it is that it is entirely cloud-based, and the transfer of the output files from this app is highly convenient. The customer support service of this app is way fast as the support team tries to resolve the issues as quickly as possible. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

One thing I disliked is the app interface. Sometimes it gets too confusing and laggy as well. I hope the technical team improves it. Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

I highly recommend this app for individuals associated with finance and procurement. Review collected by and hosted on G2.com.

What problems is Fraxion Spend Management solving and how is that benefiting you?

I did some financial analysis using the app when i was creating a project charter for a solar power plant during the project management internship under Vardhan Consulting Engineers that I had done in the month of May and June. Review collected by and hosted on G2.com.