Fraxion
4.2
54

Not Claimed

Fraxion offers a complete spend management solution for purchase requisition-to-PO, expense and approval management, AP workflow management, and spend analysis. The solution includes mobile purchase requisition-to-purchase order functionality with advanced approval routing, quoting, invoice approval, and 2 or 3-way matching capabilities. It allows companies to configure their policies and actively manage compliance, and provides advanced analytics for spend analysis with reporting power and insights. Fraxion also helps manage supplier take-on and ensures that all spend occurs with approved suppliers, and allows companies to leverage their data to negotiate more favorable terms and discounts. Fraxion PunchOut is also available.
Strengths
  • Ease of use

    Intuitive interface and simple navigation

  • Customization

    Flexible configuration options to meet specific business needs

  • Integration

    Seamless integration with other software systems

Weaknesses
  • Pricing

    Relatively high pricing compared to competitors

  • Limited features

    Lacks some advanced features offered by other expense management software

  • Customer support

    Inconsistent customer support quality

Opportunities
  • Growing demand for expense management software in the market
  • Opportunity to expand into new international markets
  • Potential partnerships with other software providers to enhance product offerings
Threats
  • Intense competition from established and emerging expense management software providers
  • Potential decrease in demand due to economic downturn or recession
  • Changes in regulations or compliance requirements that may impact product offerings

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Media

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Fraxion Plan

Fraxion offers a tiered pricing strategy with three versions, Basic, Professional, and Enterprise, with increasing features and functionality.
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