Fraxion Spend Management
4.3
26
Fraxion offers mobile user-friendly solutions for mid-sized companies to automate purchase requisition-to-PO, expense management, and approval processes. Their solutions also streamline AP workflows and enable spend analysis. Fraxion's proactive spend management framework guides purchasing decisions to ensure compliance with budget and policy. They offer integrations with ERP/accounting systems and empower teams to spend responsibly.
Strengths
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Automation
Automates the entire spend management process
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Visibility
Provides real-time visibility into spend data
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Customization
Highly customizable to fit specific business needs
Weaknesses
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Integration
May require additional integration with other systems
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Pricing
Pricing may be higher compared to other spend management solutions
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Learning Curve
May require some time to learn and fully utilize all features
Opportunities
- Growing market demand for spend management solutions
- Opportunity to expand into new markets and industries
- Opportunity to form partnerships with other software providers
Threats
- Intense competition from other spend management solutions
- Changes in regulations may impact the use and adoption of spend management solutions
- Economic downturns may impact the demand for spend management solutions
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http://www.fraxion.biz/
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Media
Fraxion Spend Management Plan
Fraxion Spend Management offers a subscription-based pricing model with three versions, starting at $10 per user per month.
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