Software provides travel data reporting.
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Press Release Summary:
Featuring visual dashboard reporting, web-based TRAVELTRAX(SM) Standard v1.0 helps users manage corporate travel programs. Subscribers can view company's current travel spending vs. budget, monitor and manage supplier contracts, and model employees' spending patterns. Policy compliance features include analysis of travel policies and illustration of financial impact of tightening or loosening travel policies. Professional and Enterprise editions are also available.
Original Press Release:
TRX Releases TRAVELTRAX Standard V1.0
Signs Nine Clients to the Innovative Travel Data Reporting Platform
ATLANTA, June 27 -- TRX, Inc. (NASDAQ:TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced the production release of its newest travel data reporting application, TRAVELTRAXSM Standard v1.0.
TRAVELTRAX is a Web-based, on-demand travel data reporting platform designed for corporations of all sizes. Since introducing the pilot release of TRAVELTRAX earlier this year, TRX has signed nine clients to the TRAVELTRAX suite, which includes Standard, Professional, and Enterprise editions.
Among recent wins, four Fortune 200 corporations selected TRAVELTRAX for their travel data reporting needs. A leading payment card association and several travel management companies also contracted with TRX for the TRAVELTRAX Enterprise edition, enabling them to distribute a private-label version of the innovative reporting tool to their corporate accounts.
TRAVELTRAX Standard, which features simple and visual dashboard reporting, gives corporate travel managers, CFOs, controllers, office managers -- anyone who oversees travel budgets and spending -- better control over their travel programs. Subscribers can easily view their company's current travel spending vs. budget, monitor and manage supplier contracts, and model employees' spending patterns.
"Travel buyers and finance managers have been very consistent with their requests," commented TRX President & CEO, Trip Davis. "They want an easier way to see timely, consolidated global travel spend data -- data that is trustworthy and complete. We designed TRAVELTRAX to meet those needs. The market response to our application has been validating. TRAVELTRAX's core strengths of data consolidation, visual reporting, and ease-of-use are hitting the mark."
With established data feeds from over 250 travel, payment card, and expense management sources, TRAVELTRAX painlessly consolidates global travel data for corporations. The resulting information is accurate, current, and comprehensive -- enabling subscribers to make more effective travel program decisions, have greater confidence in the data integrity, and find bigger savings faster.
TRAVELTRAX Standard features the following diagnostics to help companies track, control, and save:
o Air Discounts: Identifies available discounts for the company based on
current travel spend;
o Consolidation Savings: Highlights advantages gained by consolidating
air spend from several suppliers;
o Policy Compliance: Analyzes the travel policies travelers are
following and illustrates the financial impact of tightened or
loosening travel policies; and,
o Savings Spotlight: Recommends additional ways to reduce travel
spending.
The TRAVELTRAX platform has three levels: Standard, Professional, and Enterprise:
o TRAVELTRAX Standard includes its base features and functionality: data
consolidation, data extraction, standard reports, dashboard reporting,
and Web 2.0-driven presentation, interactivity, and ease of use.
Corporations are able to sign-up for TRAVELTRAX Standard online at
www.traveltrax.com.
o TRAVELTRAX Professional includes TRAVELTRAX's base features and
functionality, in addition to advanced capabilities to support more
complex data integration, customization, personalized dashboard
visualization for divisional or account-specific reporting, and
business intelligence requirements.
o TRAVELTRAX Enterprise is available to travel agencies, airlines, and
financial institutions to sell on a private-label basis to their
corporate accounts.
TRX will feature the TRAVELTRAX suite, along with TRX Travel Analytics, RESX, and CORREX solutions, at the National Business Travel Association (NBTA) convention and tradeshow in Boston, Massachusetts in July. Additional information on the TRAVELTRAX application is available on www.traveltrax.com and www.trx.com.
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.
Source: TRX, Inc.
Web site: www.trx.com/
http://www.traveltrax.com/
