Press Release Summary:
TRUEXPENSE(TM) travel and expense reporting solution offers visibility into corporate travel and entertainment expenses. It includes ancillary fee capture as well as mobile application designed for iPhone/Blackberry devices, which allows users to upload receipt images. Offering over 20 utilities, program stores original documents in digitized source file to simplify auditing and SOX compliance processes. It also integrates into existing accounting/ERP systems.
Original Press Release:
TRX Creates New Expense Management Product to Complement Robust Data Analytics and Online Booking Offerings
User-friendly TRUEXPENSE(TM) enhances spend management and reduces TCO
ATLANTA - TRX, Inc. (www.trx.com) (OTHER OTC: TRXI), a world-leading provider of travel technology, process automation, consulting and data services has introduced TRUEXPENSE(TM) a travel and expense reporting solution developed to enhance spend management, reduce total cost of ownership (TCO), and drive end user satisfaction. Pre-deployed to existing TRX customers, the solution was introduced today at TRX's annual global user conference, TRX WORLD.
For more than 10 years, TRX has developed solutions that drive savings for corporate buyers. From booking and profile management to trip improvement and data analytic services, TRX has consistently focused on helping customers determine savings opportunities in their travel processes.
"TRX has a long history of delivering value to corporations seeking to gain control over their travel-related expenditures," said Shane Hammond, president and CEO of TRX. "Based on our deep experience and years of industry research, TRX has developed an expense management solution that delivers unparalleled ROI and makes it possible for companies to control spend with minimal effort and maximum results."
TRUEXPENSE appeals to chief financial officers and other corporate administrators of expense management platforms by improving visibility into corporate travel and entertainment expenses which, in turn, helps companies more effectively manage travel and expense reporting processes. In addition, the rapid implementation process makes it possible for users to benefit from the solution in days, not weeks.
Companies can easily integrate TRUEXPENSE, which includes ancillary fee capture, into their existing accounting and ERP systems. TRUEXPENSE also includes a mobile application designed specifically for iPhone and Blackberry mobile devices, which enables users to upload receipt images into the expense reporting software. This functionality eliminates the need for users to keep track of receipts for long periods of time.
Because paper receipts no longer need to be passed between departments, companies can reduce storage costs. Moreover, by storing original documents in one digitized source file, TRUEXPENSE simplifies auditing and SOX compliance processes.
"TRX has more than 20 utilities that address the inherent challenges within the travel procurement life cycle, so delivering a comprehensive, user-friendly expense report vehicle was a natural progression for us," Hammond stated. "We've managed billions of data records over the past decade which gives us a distinct advantage in understanding the nuances of travel data and providing value-added solutions to our customers."
TRUEXPENSE is now available for a free trial period to existing TRX customers until August 1, 2010. TRX will waive set-up fees for prospective clients through the end of 2010. For more information on how to get started, visit www.trx.com or call 404-929-6100.
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 Web site at www.trx.com.
Source: TRX, Inc.
CONTACT: Stephen L. Carroll, Senior Director, Product Marketing, TRX, Inc., +1-214-346-4758, email@example.com
Web Site: www.trx.com/