Fraxion

Fraxion Spend Management

3.5 / 5 4 reviews


Average Ratings

4 Reviews
  • 3.5 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $20.00/month/user
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
    Mobile - Android Native
    Mobile - iOS Native
  • Training
    Documentation
    Live Online
    In Person
  • Support
    Online
    24/7 (Live Rep)

Vendor Details

  • Fraxion
  • www.spendmanagement.com
  • Founded 1999
  • South Africa

About Fraxion Spend Management

Fraxion is a complete web-accessed procure-to-pay solution that provides business leaders with comprehensive tools to control and reduce operating expenses. Our value proposition: to save you money and increase efficiency. Our award-winning technology automates the full procurement cycle and streamlines the purchase-to-pay process while providing complete visibility of transaction life-cycles.


Fraxion Spend Management Features

  • Asset Management
  • Auction Management
  • Bid Management
  • Budget Management
  • Catalog Management
  • Contract Management
  • Inventory Management
  • Invoice Processing
  • PunchOut
  • Purchase Order Management
  • Receiving
  • Requisitions & Approvals
  • Sourcing Management
  • Spend Management
  • Supplier Management
  • Catalog Management
  • Compliance Management
  • Contract Management
  • Inventory Management
  • Invoice Processing
  • PunchOut
  • Purchase Order Management
  • Requisitions & Approvals
  • Sourcing Management
  • Spend Management
  • Supplier Management

Fraxion Spend Management Reviews Recently Reviewed!


An excellent solution that resolves the disjointed processes typically involved in procurement.

Apr 25, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The application is very affordable. State of the art technology and well thought out features help make this product a pleasure to use. Being cloud based is a big plus, as there are no concerns around installation and upgrades of the software.

Cons: There are no cons. 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.

Medshield Medical Scheme

Aug 06, 2018
2/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Most functions are user friendly.

You can keep a record of all Procurement transactions on Fraxion.

Cons: The pay function is not functioning or meeting the expected outcomes , instead it is more of a mission to use this function ( matching payments made to correct invoices)

Fraxion review

Aug 15, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Workflow is easy to understand and PO gets approved within minutes.

Cons: Initial set-up is time consuming. Intergration with accounting software causes some delays.

Fraxion has been a great tool for our business to digitize our purchasing process.

Jul 31, 2018
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Cost effective and largely functional off the shelf. Enables decentralisation of this function to our various branches.

Cons: Does not integrate with Sage evolution natively. Issues have arisen caused by date formatting dependant on browser and system settings. Some issues with the order in which users perform certain functions or else workflow does not function correctly.