Ancillary Fee Reporting Software aids corporate travel planning.August 31, 2011 -
Providing complete view that helps airline contract negotiations, TRAVELTRAX® helps corporations identify, monitor, and track ancillary airline services spending. Algorithms identify ancillary fees by category and merchant, providing clear picture of corporation's true travel spending. Additional features include real-time KPI dashboards with predictive analytic capabilities, on-demand supplier goal monitoring, corporate contract analysis, and benchmark reporting.
Original Press release
TRX, Inc.
6 West Druid Hills Dr.
Atlanta, GA, 30329
USA
TRX Unveils New TRAVELTRAX Ancillary Fee Reporting Capabilities at GBTA Convention
ATLANTA -- TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, today announced an expansion of their TRAVELTRAX® ancillary fee reporting offering enabling corporations to better identify, monitor and track ancillary airline services spending. The new features equip corporate buyers with a more holistic view of their total spend to greatly enhance their effectiveness in contract negotiations with airlines.
"The growth and complexity of airline ancillary fees continue to pose unique challenges to corporate travel buyers looking to track, measure and mitigate the impact of these fees on their travel programs," said Kevin Austin, Executive Vice President- TRAVELTRAX, TRX. "Airline ancillary fees show no signs of abating, with some estimates placing projected revenues in the neighborhood of $35 billion dollars over the coming year, and given the lack of and misalignment in reporting standards between airlines, GDSs, the corporate cards, and the multiple methods by which these services are procured, the proper tracking and impact assessment continues to be problematic. This is why we continually enhance our industry leading reporting capabilities."
The new data enhancement and reporting capabilities enable corporate travel managers to better identify, track, manage, and leverage their ancillary fee spend. The new reporting features leverages 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.
"We invite convention attendees to stop by our booth to get a first-hand demonstration of how our ancillary fees reporting capabilities will reset and re-shape the industry standard going forward," said Shane Hammond, President and CEO, TRX.
TRAVELTRAX helps over 6,000 corporations gain a better understanding of corporate travel data and more effectively manage their global T&E costs. TRAVELTRAX provides users with clear and concise insight into global travel programs for corporations using multiple travel agencies, corporate cards, and/or expense reporting platforms through seamlessly aggregating, consolidating, and normalizing data from over 100 sources.
TRX will demonstrate the new TRAVELTRAX ancillary fee enhancements at the GBTA Convention, booth 1495, August 21 - 24 in Denver, CO.
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 reengineering. 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.
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