Fraxion Spend Management

Fraxion Spend Management

Cloud solution for business spend and process efficiency

4.1/5 (20 reviews)

Fraxion Spend Management Overview

Fraxion's cloud-based spend management suite streamlines expense control, purchasing, policy compliance, risk management, and spend analysis with a range of features including expense claim management, catalog procurement, supplier management, travel and expenses, invoicing to payment, business intelligence, contract management, timesheets, and more. As a cloud-based solution, Fraxion is fully mobile and accessible on smart devices.

Fraxion helps users to simplify purchasing and procurement processes by automating the entire purchase-to-pay process and electronically managing request creations, quoting, approvals, purchase order generation and invoice processing. Fraxion records all purchasing transactions, with full audit trails, promoting accountability and responsible spending. Expense claim automation features enable users to create and submit claims with ease; electronic submissions are supported by document upload capabilities for receipts, as well as any supporting documents. Remote access enables users to submit and approve expense claims on the go, via mobile devices.

Fraxion provides tools to automate and manage the entire accounts payable process. Control local and international travel expense processes, from request creation to invoice processing and travel itinerary generation. Fraxion’s travel and expenses module links all requests to the original travel transaction for complete cost visibility. Business intelligence technology such as spend tracking, trend analysis and forecasting give users accurate insight into spending activities and help users make informed decisions, mitigating the risk of overspending. Fraxion allows users to configure company policies and approval hierarchies, as well as access detailed audit trails and real-time data.

Pricing

Starting from
$20/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Australia, Canada, Europe, Middle-East and Africa, United Kingdom, United States

Supported Languages

English

Fraxion Spend Management Reviews

Overall rating
4.1/5
85% positive reviews
6
Excellent
11
Very good
2
Average
1
Poor
0
Terrible
Henk V.

Frax review

Used Daily for 2+ years
Reviewed on 2019/01/29
Review Source: Capterra

Pros

Ease of access - on multiple devices, replaces old (physical) paper process, multiple users able to transact, history of requests - functions as a great database to refer to when needed, exporting function (to multiple formats) replaces manual capturing for budgeting purposes, custom function provides great flexibility.

Cons

Dashboard not able to be customised for our company specifically - who doesnt necessarily make use of all functions, dashboard also not customizable in order to change icons according to request flow, small practical "issues".

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Anita U.

Time saver, generates clear & clean-looking purchase orders.

Used Daily for 2+ years
Reviewed on 2018/06/14
Review Source: Capterra

Time savings. Ability to involve more people in the purchasing process.

Pros

Ability to e-mail purchase orders directly from eReq to a supplier. Ability to upload attachments (quotations, drawings etc). Show audit trail of when & by whom eReq was initiated/edited/approved/PO created and when & where it was sent. Customizable privileges to different classes of users.

Cons

Some of the setup is tedious and not necessarily most intuitive (luckily the customer service has been pleasant & professional to deal with). Software updates can end up being lengthy processes.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Graig T.

Overall good product and price. Has been a favorable experience and has helped our organization.

Used Daily for 6-12 months
Reviewed on 2018/05/24
Review Source: Capterra

See previous part of survey for this answer.

Pros

Flexibility and reliability of routing. Audit trails and notes. One location to store all information on a purchase. Linkage to our accounting software. Visibility into where a request resides. Much less paper.

Cons

Primary features and functions meet our needs. Some items we wish were different: Would like option for our AP clerk to determine the GL code for a purchase rather than having requester learn our codes and determine the proper one. Occasional errors in accounting software when importing information if another user is in accounting system (has to do with batching). Would like to run reports by GL code. Would like ability for a requester or approver to route outside normal routing to another user for an approval and then back to continue normal routing.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10
Jared C.

Could not be happier with this software.

Used Daily for 6-12 months
Reviewed on 2018/01/23
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Elsabé G.

Speed it up

Used Daily for 1+ year
Reviewed on 2019/02/05
Review Source: Capterra

Approval of purchase requests has been speeded up tremendously. The linking of invoices to orders means any irregularities that are flagged through email alert notifications allows us to investigate these immediately.

Pros

Before Fraxion we could not access our procurement system while out of the office and all purchase requests were handled manually. Now the automated approval system has streamlined both the procurement and invoice accounts payable processes.

Cons

The software does not support the decimal system.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

8.0/10

Fraxion Spend Management Pricing

Starting from
$20/month
Pricing options
Free Trial
Subscription
Value for money

Per user pricing model. Contact Fraxion for detailed pricing information.

Fraxion Spend Management Features

  • Activity Dashboard
  • Compliance Management
  • Expense Tracking
  • Invoice Management
  • Invoice Processing
  • Real Time Data
  • Reporting & Statistics

  • API
  • Accounting Integration
  • Accounting Management
  • Automatic Notifications
  • Billing & Invoicing
  • Customizable Reporting
  • Data Import/Export
  • Electronic Payments
  • Financial Analysis
  • Multi-Currency
  • Receiving
  • Third Party Integration
  • Workflow Management

Additional information for Fraxion Spend Management

Key features of Fraxion Spend Management

  • Accounts payable management
  • Budget management
  • Business intelligence
  • Catalog management
  • Claim submissions
  • Claims management
  • Collaboration tools
  • Compliance management
  • Document management
  • Expense claim management
  • Expense claims
  • Financial control
  • Forecasting
  • Invoice management
  • Invoice processing
  • Local & international travel requests
  • Policy compliance
  • Policy management
  • Purchasing management
  • Quoting
  • Real time data
  • Receipt management
  • Reimbursement management
  • Remote access
  • Request creation
  • Requisitions & approvals
  • Risk management
  • Spend analysis
  • Spend management
  • Spend management
  • Spending tracking
  • Transaction records
  • Travel & expenses
  • Travel itinerary generation
  • Trend analysis

Benefits

  • Automate the entire purchase-to-pay process, from request creation to quoting, approvals, purchase order generation and invoice processing.
  • Remote access and ease of use enable productivity on-the-go and drives user adoption.
  • Automate the travel expense process, from request creation to invoice processing and travel itinerary generation.
  • Fraxion enables users to manage the entire accounts payable process, matching invoices to purchase orders and proof of delivery notes to avoid duplication, overspending or paying for undelivered items.
  • Spend analysis reports provide valuable insight into operational spending activities, promoting spend transparency and accountability.

  • Fraxion Spend Management FAQs

    Below are some frequently asked questions for Fraxion Spend Management.

    Q. What type of pricing plans does Fraxion Spend Management offer?

    Fraxion Spend Management offers the following pricing plans:

    Starting from: $20/month

    Pricing model: Subscription

    Free Trial: Not Available

    Per user pricing model. Contact Fraxion for detailed pricing information.

    Q. What are the main features of Fraxion Spend Management?

    Fraxion Spend Management offers the following features:

    • Accounts payable management
    • Budget management
    • Business intelligence
    • Catalog management
    • Claim submissions
    • Claims management
    • Collaboration tools
    • Compliance management
    • Document management
    • Expense claim management
    • Expense claims
    • Financial control
    • Forecasting
    • Invoice management
    • Invoice processing
    • Local & international travel requests
    • Policy compliance
    • Policy management
    • Purchasing management
    • Quoting
    • Real time data
    • Receipt management
    • Reimbursement management
    • Remote access
    • Request creation
    • Requisitions & approvals
    • Risk management
    • Spend analysis
    • Spend management
    • Spend management
    • Spending tracking
    • Transaction records
    • Travel & expenses
    • Travel itinerary generation
    • Trend analysis

    Q. Who are the typical users of Fraxion Spend Management?

    Fraxion Spend Management has the following typical customers:

    Large Enterprises, Mid Size Business

    Q. What languages does Fraxion Spend Management support?

    Fraxion Spend Management supports the following languages:

    English

    Q. What type of pricing plans does Fraxion Spend Management offer?

    Fraxion Spend Management has the following pricing plans:

    Subscription

    Q. Does Fraxion Spend Management support mobile devices?

    We do not have any information about what devices Fraxion Spend Management supports

    Q. What other apps does Fraxion Spend Management integrate with?

    Fraxion Spend Management integrates with the following applications:

    Sage | Accounting

    Q. What level of support does Fraxion Spend Management offer?

    Fraxion Spend Management offers the following support options:

    FAQs, Knowledge Base, Online Support, Phone Support