TRX and ExpenseWire Partner to Deliver Integrated Travel & Expense Management Solution |
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TRX, Inc.
6 West Druid Hills Dr.
Atlanta, GA, 30329
USA
Press release date: July 28, 2008
New Offering Helps Organizations Better Control and Manage Expenses
ATLANTA, WOOSTER, Ohio and LOS ANGELES, July 28 -- At the National Business Travel Association (NBTA) International Convention and Exposition, TRX Inc. (NASDAQ:TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, and ExpenseWire, a Rearden Commerce company, today announced the two companies have partnered to deliver an integrated expense and travel management solution for customers using RESX, TRX's corporate travel booking application.
Available now, the integrated solution improves companies' visibility into employee spending and their ability to cut costs, while providing employees the convenience of submitting their expense reports online.
RESX is a Web-based, self service application that enables business travelers and travel arrangers to create policy-compliant air, car and hotel reservations. RESX's robust administration module enables travel management companies and corporate travel managers to tightly manage policy, site customization and user settings.
ExpenseWire's on-demand software simplifies and streamlines the process of filing, reviewing, approving and reimbursing employee expense reports online. The integrated solution delivers valuable company and employee benefits for travel, procurement and finance professionals that include:
-- Reducing employee spending by communicating and enforcing spending policies from the point of purchase to the expense report.
-- Identifying discrepancies between booked and actual charges and flagging employee fraud and overbilling by suppliers.
-- Pre-populating expense reports automatically with travel and credit card transaction data, so employees spend less time completing expense reports and waiting for reimbursement.
"We are excited about our partnership with TRX, and the opportunity to bring the benefits of ExpenseWire's integrated expense management solution to thousands of RESX customers and millions of employees nationwide," said Andrew Vaeth, President of ExpenseWire.
"This technology integration is representative of our approach to delivering freedom of choice to customers in terms of integrated technology solutions in the travel and expense management space," said Shane Hammond, president of RESX Technologies. "Through our partnership with ExpenseWire we are pleased to offer our RESX clients yet another expense management option."
About TRX
TRX (NASDAQ:TRXI) is a global technology company. We develop and host software applications that process data records and automate manual processes, enabling our clients to optimize performance and control costs. We are a leading provider to the travel industry and are expanding into financial services and healthcare. 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. TRX is headquartered in Atlanta with operations and associates in North America, Europe, and Asia. Please visit the company's website at www.trx.com .
About ExpenseWire
The ExpenseWireŽ application sets a new bar for expense management. It simplifies and automates the process of filing, reviewing, approving and reimbursing employee expense reports online. It provides organizations the business insight and process control they require to reduce costs and strategically manage expenses. ExpenseWire's on-demand solution can be deployed quickly and integrates easily with travel booking tools and other third party applications. ExpenseWireŽ is a brand of Rearden Commerce, Inc. ( www.reardencommerce.com ). To learn more about how ExpenseWire delivers on the promise of expense automation, visit www.expensewire.com .
CONTACT:
Kira Perdue
Trevelino-Keller Communications Group for TRX
+1-404-214-0722, extension 101
kperdue@trevelinokeller.com
Alicia diVittorio
ExpenseWire & Rearden Commerce
+1-650-504-7607
alicia.divittorio@reardencommerce.com
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