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Fraxion vs. Workday Strategic Sourcing

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fraxion
Score 0.0 out of 10
Mid-Size Companies (51-1,000 employees)
Fraxion in Seattle offers spend management and procure-to-pay software solutions. Fraxion e (formerly eRequester) is designed to simplify and streamline spend management. On-premise or hosted, the solution gives users the tools to control and optimize business spend. Standalone or integrated with an accounting system/ERP, Fraxion Prime proactively manages requisition-to-purchase order processes, approvals, expense management, procurement processes, and spend analysis.
$399
per month (billed annually)
Workday Strategic Sourcing
Score 7.9 out of 10
N/A
Workday Strategic Sourcing supports procurement by automating source-to-contract processes, from project intake to supplier management, and by surfacing contract obligations. It leverages Workday AI to provide insights and conversational tools that help teams identify savings opportunities and mitigate supplier risk.N/A
Pricing
FraxionWorkday Strategic Sourcing
Editions & Modules
Small Business (10-25 Employees)
from $399
per month (billed annually)
Mid-size business (25-100) employees
from $749
per month (billed annually)
Large business (100+ employees)
Contact Sales
No answers on this topic
Offerings
Pricing Offerings
FraxionWorkday Strategic Sourcing
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
FraxionWorkday Strategic Sourcing
Best Alternatives
FraxionWorkday Strategic Sourcing
Small Businesses
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Medium-sized Companies
Lola.com
Lola.com
Score 8.0 out of 10
Lola.com
Lola.com
Score 8.0 out of 10
Enterprises
SAP Concur
SAP Concur
Score 8.3 out of 10
SAP Concur
SAP Concur
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FraxionWorkday Strategic Sourcing
Likelihood to Recommend
-
(0 ratings)
9.1
(0 ratings)
User Testimonials
FraxionWorkday Strategic Sourcing
Likelihood to Recommend
No answers on this topic
Workday Strategic Sourcing is great for contract pipeline and management, but I wish it was better integrated with Workday so that we could keep it "clean" when the dimensionality is changed or updated in our financial data model.
Verified User
Anonymous
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Pros
No answers on this topic
  • Contract Pipeline
  • Contract Management
  • Supplier Onboarding
Verified User
Anonymous
Read full review
Cons
No answers on this topic
  • No way to flag where I need an internal colleague to review or add to an answer
  • No way to assign items to an internal team member for that person to answer a question
  • No status bar of the remaining items not yet answered
Verified User
Anonymous
Read full review
Alternatives Considered
No answers on this topic
I have only used RFPIO to facilitate searching for RFP answers. I have used Scout RFP only to respond to customer RFPs. I assume they have functional overlap, but my interactions with each have not included this functional overlap. For each tool's respective use, I have found them very simple, intuitive, and helpful.
Verified User
Anonymous
Read full review
Return on Investment
No answers on this topic
  • Ease of responding to RFPs and winning business
  • I don't have visibility into whether we have an actual $$$ of deals closed where we responded to the RFP within Scout RFP
  • Other departments of my company may use Scout RFP for sending out RFPs and collecting RFP responses, thus reducing costs to issue RFPs
Verified User
Anonymous
Read full review
ScreenShots

Fraxion Screenshots

Screenshot of the dashboard displaying analytics cards and an activity timeline, unique to each userScreenshot of Fraxion's requisition-to-purchase order automation and approval workflowsScreenshot of the budget impact at decision points, available for reviewScreenshot of digital purchasing records, receiving and invoice matchingScreenshot of embedded spend analytics and reportingScreenshot of vendor approval, internal catalogs and PunchOut integrations

Workday Strategic Sourcing Screenshots

Screenshot of Workday Strategic Sourcing Contract Lifecycle ManagementScreenshot of Workday Strategic Sourcing Supplier Relationship ManagementScreenshot of Workday Strategic Sourcing Strategic Sourcing DashboardScreenshot of Spend Management