ATLANTA, Jan. 20, 2011 /PRNewswire/ -- TRX, Inc. (http://www.trx.com/) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, announces early results of new feature developments for TRUEXPENSE(SM), TRX's travel and expense reporting solution developed to enhance spend management, reduce total cost of ownership, and drive end-user satisfaction.
TRUEXPENSE appeals to chief financial officers and other corporate administrators of expense management platforms by improving visibility into corporate travel and entertainment expenses. The rapid implementation process makes it possible for users to benefit from the solution in days rather than weeks or months.
Leveraging extensive domain expertise in developing software-as-a-service (SaaS) travel and expense cost management solutions, TRX has introduced several new features including:
-- Improved policy compliance through source of booking enforcement, automated booked vs. billed comparisons, and streamlined reporting via direct integration with the RESX® online booking solution, offering key advantages to users including auto-population of trip data into the expense report. -- Enhanced management of mileage-related reimbursements using Google Maps integration to determine the mileage between stored locations and/or user-defined locations. This functionality is a key feature for organizations where point-to-point ground travel represents a significant portion of T&E costs. -- Ability to import expenses from standardized files. This functionality makes TRUEXPENSE personal card import feature compatible with virtually every card provider without integration or setup costs.
"Using agile development techniques allowed us to bring many significant well-tested features to market faster," said Aaron Aycock, Vice President, IT and Product Development, TRX. "Additionally, we've put TRUEXPENSE through extensive usability studies to deliver a user experience that is highly intuitive and fast. The resulting interface provides one of the industry's quickest report creation and submission processes while simultaneously applying extensive controls to ensure compliance with corporate policies and adoption of company-mandated processes."
"Leveraging more than a decade of experience in managing travel and expense data for thousands of clients, TRUEXPENSE reflects our unique insight into the needs of corporations seeking to reduce T&E expenditures," said Shane Hammond, President and CEO, TRX. "Development methodologies, focusing on quality and speed, are center to our approach to aggressively bringing new features and enhancements to market."
Existing TRAVELTRAX and RESX customers benefit from seamless integration with TRUEXPENSE. For TRAVELTRAX customers, corporate card charges are automatically imported directly into TRUEXPENSE, effectively eliminating the need for paper receipts and the associated tedious data entry required to create expense reports with less automated expense reporting applications. RESX bookings pre-populate relevant itinerary information into TRUEXPENSE expense reports, enhancing the end-user experience, and improving the accuracy of expense reports.
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 http://www.trx.com/.
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/
