TRX Enhances Expense Management Solution TRUEXPENSE® Resulting in Record Growth
ATLANTA, Feb. 28, 2012 /PRNewswire/ -- TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, today announced that enhancements made to TRUEXPENSE®, its web-based travel and expense management solution, contributed to record growth in 2011 and the first part of 2012.
In the past twelve months, TRX developed and added more than 150 product enhancements to TRUEXPENSE. Most of the product enhancements originated from specific requests and suggestions from customers and prospects. These enhancements, along with an increased focus on customer acquisition efforts, led to a growth rate of over 100%. Both the number of customers and the dollar amount of expense reports processed more than doubled.
"The tremendous growth TRUEXPENSE has experienced in the last year is a tribute to the ability of TRX to respond quickly to both customer and market needs," said Shane Hammond, President and CEO, TRX. "Quality, speed, and customer feedback are critical to our approach to aggressively bring new features and enhancements to the market."
TRUEXPENSE is a travel and expense reporting solution that enhances spend management, reduces total cost of ownership, and drives 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 which helps companies manage travel and expense reporting processes more effectively. The quick implementation process makes it possible for users to benefit from the solution in days, not weeks or months.
For more information about TRUEXPENSE or to schedule a demonstration, please call 404-929-6100 or visit www.truexpense.com.
TRX is a world-leading travel technology and data services provider offering more than 20 software-as-a-service utilities for enabling online booking, profile and itinerary management, reservation processing, data intelligence and process automation. We Delivering 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 re-engineering. 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.
SOURCE TRX, Inc.