ATLANTA, Aug. 10 /PRNewswire-FirstCall/ -- TRX, Inc. (www.trx.com) (OTHEROTC: TRXI), a world-leading provider of travel technology, process automation, consulting and data services has enhanced its expense reporting system, TRUEXPENSE™, to include features designed to simplify the allocation of expenses across cost centers, increase visibility into policy violations through an expanded policy library, and allow for users to review expense reports via their mobile devices.
TRUEXPENSE is a 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 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 or months.
TRX has added many new features since launching the product earlier this year. The latest version includes an easy-to-use process for the allocation of costs across multiple cost centers and business units. Other new features include the ability for approvers to review and approve or decline expense reports from their mobile devices. In addition, the policy library has been expanded to allow corporate administrators greater visibility and control over policy violations.
"Leveraging our 10+ years experience in managing travel and expense data for thousands of clients including the top airlines, travel agencies and the world's largest corporate travel department, TRUEXPENSE reflects our unique insight into the needs of corporations seeking to reduce T&E expenditures," said Shane Hammond, President and CEO, TRX. "We will aggressively bring new features and enhancements to market taking full advantage of the inherent versatility and scalability of our new solution."
Existing TRAVELTRAX and RESX customers can benefit from a seamless integration with TRUEXPENSE. For TRAVELTRAX customers, corporate card charges may be automatically imported directly into TRUEXPENSE, effectively eliminating the need for paper receipts and the associated tedious data entry required to create expense reports commonly associated with other less automated expense reporting applications. RESX bookings will pre-populate relevant itinerary information into TRUEXPENSE users' expense reports, enhancing the end-user experience, and improving the accuracy of expense reports.
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.
TRX will demonstrate the new TRUEXPENSE enhancements at booth 1269 during the NBTA International Convention & Exposition, August 8 – 11, 2010.
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.