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Fraxion Spend Management Reviews & Product Details - Page 2

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
719 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

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

The things that are positive about Fraxion SM are that it has quicker processing times, much less time spent within the finance department on processing and capturing, correct approvals are in place. Fraxion SM is flexible to utilize, with the cloud-based version it is accessible from anywhere and pretty customizable on the user front with regards to approvals and workflows. It has a great data and document store. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The negative sides of Fraxion are the experiences I had concerning integration into my existing setup. I lacked communication and understanding of setup and implementation, and no project management skills were displayed. Integration and setup were extremely difficult for me, I had limitations on user rights in terms of reports, and I think reporting could use a lot of work to improve and add more value. Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

The recommendation to those who are considering to try out Fraxion SM is that it does have great features which your organization actually needs but also downsides that can either harm your business or won't bother you at all. So, it all depends on what your company require to the taste for it being the best. Review collected by and hosted on G2.com.

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

Fraxion benefited me in my workplace with its flexibility on the spend management and being free of capital expenditure helped me with the database management software requirements. It helped me by saving time and money and it eliminated all the inconvenience by going paperless which was a very useful advantage at my workplace. Thanks to Fraxion I had the feature to automate communication and keep my stakeholders up-to-date. Review collected by and hosted on G2.com.

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

The amount of time used in purchasing has been greatly reduced to significantly lower time. The affordability of the software is fantastic. Also it very easy to learn how to us Fraxion Spend Management software, it takes less than a week for a person to be fully conversant with how Fraxion works. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The only thing that i dislike is the time out errors Limited. but overall Fraxion is a good software to use Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

I recommend Fraxion Spend Management to any company or colleague that is still doing purchases manually. This will save the company time that may be used to do something productive Review collected by and hosted on G2.com.

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

Digitizing our purchasing prosses. This process used to be done manually and could not be done out of office but now even on weekends some can still work while at home with your familly. Review collected by and hosted on G2.com.

KM
Procurement Officer
Accounting
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fraxion Spend Management?

Fraxion Spend Management supports intergration of other systems that are required and are not in the full package of this system and thus it makes you to cope up with the new trend in business by intergating with other new or crucial sysytems. This property makes the software to be a multi-purpose system and thus can do alot of activities. This special feature is just amazing and gives a new taste of what success is in business.

Also, the Fraxion Spend Management developing team made the software to be very easy to use it. You can teach anybody in your company and he/she understand its functionalities within few days. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The software is up to date with our functions and activities thus currently no dislike.

Unless i encounter as we progress of which i hope it wont happen. Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

If you need an excellent software that solves most of your business activities e.g purchasing and other related activities, Fraxion Spend Management was created for you.

Use it in your company or business and you will realize the difference in its perfomance. It also helps to save time and cost. In an overall view, this software is economical. Review collected by and hosted on G2.com.

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

We use Fraxion Spend Management to record and track our purchasing activities and map the customer behaviours e.g their purchasing strength at a given time in our business.

This has helped us understand the business trend at each given time and understand our business volume at a given period of time in our business. Review collected by and hosted on G2.com.

EV
Procurement Officer
Higher Education
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Fraxion Spend Management?

The software reduces risks of overspending or fraud since it gives visibility and tool to control price of what is to be purchased and where, it is also configured with the organization policies to enables employees purchase commodities with ease and speedily;records every transaction,allocate costs of appropriate project or cost centres and ensure every cent is approved prior to being spent.Digitally controls both local and international travel. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

The software requires money for purchase and installation and that is a bit costy to the organization. Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

Besides the merits i have mentioned,it streamlines the submission and reimbursement of expenditure incurrd by employees in behalf of the organization and those in remote can use mobile devices to submit their claims hence saves time and enhances efficiency. It is best and has enhances effiency in organisation's expenses management and I therefore recommend it to anyone or any organization. Review collected by and hosted on G2.com.

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

The software enforces segregation of duties through out the entire payment processes and automizes payment plans.It enhances transparency promoting accountability since it drills down into suppliers,departments,employees and expense type and also tracks spending,analyses both current and future spending forecasting.The system digitally controls both international and local traveling through processing invoice,generation travel intineraries,processing of invoice against traveling cost. Review collected by and hosted on G2.com.

PC
Procurement Officer.
Insurance
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fraxion Spend Management?

This software is greatly reduces the used of paper work, it is very intuitive interface. Most users were able to pick up how to use it with minimal training. I love this software. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

This system so far have not experienced any dislikes, However much we see it would be nice if the vendor team could shift to a project basis, rather than departmental. Review collected by and hosted on G2.com.

Recommendations to others considering Fraxion Spend Management:

This system has anabled the tracking of requests and the use of the approval process. Also the ability to attach documents as support for purchase request.Fraxion has really made it, I recommend this software to others members who need procurement software. Review collected by and hosted on G2.com.

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

Initially the office and all purchase requests were handled manually. Now the automated approval system has streamlined both the procurement and invoice accounts. Review collected by and hosted on G2.com.

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

Being cloud based is a big plus, as there are no concerns around installation and upgrades of the software. Review collected by and hosted on G2.com.

What do you dislike about Fraxion Spend Management?

There are no cons. State of the art technology and well thought out features help make this product a pleasure to use. Review collected by and hosted on G2.com.

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

The application is very affordable. The system delivers a solid workflow process that is easy to maintain and use. The email alerts work extremely well. The supporting documentation tools are great. Review collected by and hosted on G2.com.