TRX Unveils Enhancements to End-to-End Travel Technology and Data Solution Suite at TRX World 2011 Global User Conference |
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TRX, Inc.
6 West Druid Hills Dr.
Atlanta, GA, 30329
USA
Press release date: May 10, 2011
ATLANTA - TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world leading provider of travel technology, process automation, consulting and data services, announced product updates for all of its travel procurement and automation solutions at the TRX World 2011 Global User Conference in Austin, TX.
Ancillary fees continue to be one of the most debated and contentious issues in the travel industry. Airlines are adding new and bundling fees, and these ancillary fees are expected to grow to nearly $40 billion in 2011. TRX's data intelligence suite, TRAVELTRAX®, announces new data enhancement and reporting capabilities allowing corporate travel managers to better identify, track, manage, and leverage their ancillary fee spend. The new reporting features use TRX's proprietary algorithms to identify ancillary fees by category and by merchant and to provide a clear picture of a corporation's true travel spend. Utilizing this actionable intelligence, travel managers will better manage their travel policy, leverage vendor negotiations and reduce their overall travel and procurement costs. Additional reporting and analytics features include: real-time key performance indicator dashboards with predictive analytic capabilities, on demand supplier goal monitoring, corporate contract analysis, and benchmark reporting.
TRX's automated travel and expense reporting solution TRUEXPENSESM, already one of the easiest reporting solutions to use in the marketplace with auto import of corporate card and travel agency data as well as a robust mobile feature, introduces new capabilities designed to streamline the expense process increasing end user adoption. New features include single sign on capability allowing a user to securely log on to TRUEXPENSE, support for recurring payments, and a pre-trip authorization process allowing user's approved expenses and per diems to be paid in advance of the trip start date.
RESX®, TRX's leading online booking solution used by nearly 1,000 corporations and over 1.1 million corporate travelers, introduces new client reporting providing deeper insights into their travel program and allowing travel administrators to take action quicker to address issues and challenges.
TRX also announced the release of the latest version of CORREX®, the leading mid-office solution, featuring improvements to low fare search and multi-passenger seat searching capabilities.
"TRX keeps pace with changes in the marketplace and maintains a robust product development capability," said Shane Hammond, President and CEO, TRX. "Our product development team ensures that the products our clients rely on to reduce costs and better manage their operations continue to meet their evolving needs."
About TRX
TRX is a world-leading travel technology and data services provider, offering more than 20 software-as-a-service utilities for online booking, reservation processing, data intelligence, and process automation. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. We provide patented savings maximization solutions via our travel analytics consulting practice, extending spend management services to travel buyers all over the world. We complement all of these offerings with a global workforce focused on travel process automation and re-engineering. For more information about TRX or to contact a TRX sales office, phone 404.929.6100 or visit the Company's website at www.trx.com.
SOURCE TRX, Inc.
CONTACT: Stephen Carroll, Senior Director, Product Marketing, TRX, Inc., stephen.carroll@trx.com, +1-214-346-4758
Web Site: http://www.trx.com
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