Who Uses This Software?

Medium to large organisations seeking mobile process efficiency, spend visibility and automated expense control. Our user-friendly solution scales as your business grows.


Average Ratings

9 Reviews

  • 3.5 / 5
    Overall

  • 4 / 5
    Ease of Use

  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    $20.00/month/user
  • Free Demo
  • 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

Medium to large organisations choose Fraxion's cloud-based solution to simplify procurement processes and save time and money. The user friendly solution is fully mobile and rapidly deployed. Our customers have achieved paperless efficiency and gained more visibility, spend control and policy compliance using Fraxion, the Spend Management suite streamlines the way you request items, authorise costs and pay for goods. Simplify your Spend Management.


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
  • Compliance Management
  • Contract Management
  • Inventory Management
  • Invoice Processing
  • Purchase Order Management
  • Requisition Management
  • Sourcing Management
  • Spend Management
  • Supplier Management

Fraxion Spend Management Reviews Recently Reviewed!


Frax review

Jan 29, 2019
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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".

Fraxion - Zone Fitness

Nov 16, 2018
3/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Having the opportunity and advantage of centralising the procurement function within the company and creating a solid workflow whereby users can easily create and request for certain expense items while still staying within an allocated budget. The audit trails is also a big advantage for finding and resolving issues while making purchases. It is also straightforward to add new companies and to administer new users to the system.

Cons: Haven't had any issues thus far.

Overall: When we initially started we had more than sufficient training and since we've been using CSR, the support has been swift and issues were resolved within a matter of hours. Overall the experience with Fraxion and dealing with the team and the software has been positive.

Speed it up

Feb 05, 2019
4/5
Overall

4 / 5
Ease of Use

3 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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.

Overall: 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.

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.

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.

Vendor Response

by Fraxion on October 23, 2018

Hi Claudia. Thank you, we appreciate your feedback. As you are running Fraxion¿s on-premise solution, the initial implementation timelines were inherently lengthy, however, these time frames have been significantly reduced when deploying our cloud solution; an automated integration module is also available in this solution. We look forward to showing you Fraxion cloud soon.

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.

Vendor Response

by Fraxion on October 23, 2018

Hi Sean, Thank you for your feedback. We look forward to deploying our automated integration module, which will address your Sage integration concern. Our free automatic upgrades will be released shortly with great enhancements. We would like to hear more about your workflow comments as we have generally found our workflows to be extremely flexible, one of our team members will contact you to discuss this soon.

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)

Vendor Response

by Fraxion on October 18, 2018

Hi Khulelekile, thank you for your feedback. I believe that Medshield is currently running our legacy, on-premise solution but considering an upgrade to our cloud solution. Our new version has vastly improved invoice matching functionality as well as many other enhancements. We look forward to upgrading you soon.

Capterra loader

Fraxion Review

Oct 28, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The system is extremely user friendly and can be used with little to no training. It creates an overall view of the spend, which puts the authoriser in a informed position before approving the spend. The automation of the process and paperless environment is great!

Cons: We had some difficulties integrating the software to our ERP

Overall: Our experience with the software and Fraxion team has been very positive. We are hoping to improve spend approval process, automate processing and control our costs.

Fraxion Review

Feb 13, 2019
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Functionality since any tipe of approval can be done.

Cons: Not always so userfriendly, but already much better than the previous version.

Overall: Manual approval and hundreds of e-mails have been simplified