Compare Fraxion and Idu-Concept Software - Aug 2022

Shlomi LaviShlomi Lavi / Aug 15, 2022

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Bottom Line: Which is Better - Fraxion or Idu-Concept Software?

Idu-Concept Software is more expensive to implement (TCO) than Fraxion, and Idu-Concept Software is rated higher (81/100) than Fraxion (77/100). Idu-Concept Software offers users more features (12) than Fraxion (8).

Looking for the right Procurement solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Fraxion Vs. IDU

Fraxion: In todays economic climate, controlling your spend is not optional and all organisations put some focus into this area, but true world-class organisations (from SME to large corporates) differentiate themselves by how they use technology to improve productivity and drive down costs to outcompete their peers. At Fraxion, our aim is to partner with ...

IDU: Established in 1998, idu was created by accountants and financial systems specialists to deliver smart software solutions for budgeting and financial reporting across all standard ERP and financial systems. Our flagship product, idu-Concept, is specifically designed to overcome issues that get in the way of effective budgeting, forecasting and repo...

Who is more expensive? Fraxion or Idu-Concept Software?

The real total cost of ownership (TCO) of Procurement software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Fraxion and Idu-Concept Software.

Fraxion price starts at $20 per user/month , On a scale between 1 to 10 Fraxion is rated 2, which is much lower than the average cost of Procurement software. Idu-Concept Software price starts at $50 per feature/month , When comparing Idu-Concept Software to its competitors, the software is rated 4 - lower than the average Procurement software cost.

Bottom line: Idu-Concept Software is more expensive than Fraxion.

Which software includes more/better features?

We've compared Fraxion Vs. Idu-Concept Software based on some of the most important and required Procurement features.

Fraxion: Budget & Expense Management, Fixed Asset Management, Spend Analysis, Supplier Risk Management, Procurement, PO: Purchase orders, Compliance , Contract Management.

Idu-Concept Software: Dashboard, Version Control, Balance Sheet, Budgeting & Forecasting, Financial reporting.

Target customer size

Fraxion's typical customers include: Small, medium and large size businesses, and Idu-Concept Software's target customer size include: SMBs.



Fraxion

ITQlick rating
(4.1/5)

starts at $20 per user/month

Fraxion is an award-winning cloud-based Budgeting-Forecasting software, it is designed to support small, medium and large size business. Fraxion received a rating of 4.1 from ITQlick team. The software cost is ...

Categories: Fixed Asset Management, Accounts Receivable, Distribution Purchasing & Procurement, Applicant Sources & Marketplace.

Idu-Concept Software

ITQlick rating
(4/5)

starts at $50 per feature/month

IDU-Concept is a budgeting & CPM software designed to give businesses empowered financial management that cuts across budgeting, forecasting, and reporting.

Categories: Budgeting & CPM, Financial reporting, Business performance management, Budgeting & CPM, Financial reporting.

Compare specifications

Compare features

Fraxion: 8 Features

Budget & Expense Management
Fixed Asset Management
Spend Analysis
Supplier Risk Management
Procurement
PO: Purchase orders
Compliance
Contract Management

Idu-Concept Software: 12 Features

Dashboard
Version Control
Balance Sheet
Budgeting & Forecasting
Financial reporting
Predictive-Analysis
Project Management
Business performance management
Capital Asset Planning
Forecasting
Income Statements
Project Budgeting
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Fraxion
ITQlick rating
4.1/5
Score
77/100
Pricing
3/10
License pricing
$20 per user/month
Functionality
19
Compare
Idu-Conc...
ITQlick rating
4/5
Score
81/100
Pricing
5/10
License pricing
$50 per feature/month
Functionality
26
Spendwise
ITQlick rating
4.5/5
Score
88/100
Pricing
2.4/10
License pricing
$9 per user/month
Functionality
8
Zycus
ITQlick rating
2.8/5
Score
85/100
Pricing
10/10
License pricing
$59 per user/month
Functionality
3
Review
eBuyerAssist
ITQlick rating
5/5
Score
82/100
Pricing
6/10
License pricing
$34.95 per user/month
Functionality
23

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.