TRX Enhances Features of Expense Reporting System TRUEXPENSE™

Company Incorporates Multi-Language Capabilities, VAT Compliance and Other Customer Driven Features

Jun 24, 2010, 20:00 ET from TRX, Inc.

ATLANTA, June 24 /PRNewswire-FirstCall/ -- TRX, Inc. (www.trx.com) (OTHER OTC: TRXI), a world-leading provider of travel technology, process automation, consulting and data services has enhanced its recently launched expense reporting system, TRUEXPENSE™, to include a number of features designed to simplify and enhance the user experience.

TRUEXPENSE is a travel and expense reporting solution developed to enhance spend management, reduce total cost of ownership, and drive end-user satisfaction. Pre-deployed to existing TRX customers, the solution was recently introduced in April at TRX's annual global user conference, TRX WORLD.

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.

In response to by client feedback, TRX has added several new features to the solution since launching the product. The new features include the ability to split expenses across multiple cost centers and business units. This functionality greatly improves expense tracking and cost assignment by allowing users to apportion costs at the point of entry. Other new features include Value Added Tax (VAT) processing and multi-lingual capabilities to be deployed on a country-by-country basis starting with England, France and Germany.

"For years, TRX has demonstrated a commitment to engage customers and leverage their feedback to tailor our solutions to meet the needs of the marketplace," said Shane Hammond, President and CEO, TRX. "Our customers are embracing TRUEXPENSE to simplify their expense reporting process, and we will rapidly add more functionality during the coming months as our client base grows and their needs diversify."  

Existing TRAVELTRAX and RESX customers also benefit from the improved integration with TRUEXPENSE. TRAVELTRAX customers will automatically have corporate card charges imported directly into TRUEXPENSE, effectively eliminating the need for paper receipts and the associated tedious data entry required to create expense reports common with other less automated expense reporting applications.

The seamless interface between the RESX booking solution and TRUEXPENSE will pre-populate relevant itinerary information into RESX users' expense reports, enhancing the end-user experience, and improving the accuracy of expense reports.

TRUEXPENSE is 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.

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.

SOURCE TRX, Inc.



RELATED LINKS

http://www.trx.com