Press Release.
John Broaddus
Vice President, Sales and Marketing, TRX, Inc.
Phone: 404.417.7197
Email: john.broaddus@trx.com
John Broaddus
Vice President, Sales and Marketing, TRX, Inc.
Phone: 404.417.7197
Email: john.broaddus@trx.com
| TRX Unveils New TRAVELTRAX Ancillary Fee Reporting Capabilities at GBTA Convention |
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ATLANTA ─ 22 August, 2011 ─ TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, today announced an expansion of their TRAVELTRAX® ancillary fee reporting offering enabling corporations to better identify, monitor and track ancillary airline services spending. The new features equip corporate buyers with a more holistic view of their total spend to greatly enhance their effectiveness in contract negotiations with airlines. “The growth and complexity of airline ancillary fees continue to pose unique challenges to corporate travel buyers looking to track, measure and mitigate the impact of these fees on their travel programs,” said Kevin Austin, Executive Vice President- TRAVELTRAX, TRX. “Airline ancillary fees show no signs of abating, with some estimates placing projected revenues in the neighborhood of $35 billion dollars over the coming year, and given the lack of and misalignment in reporting standards between airlines, GDSs, the corporate cards, and the multiple methods by which these services are procured, the proper tracking and impact assessment continues to be problematic. This is why we continually enhance our industry leading reporting capabilities.” The new data enhancement and reporting capabilities enable corporate travel managers to better identify, track, manage, and leverage their ancillary fee spend. The new reporting features leverages TRX’s proprietary algorithms to identify ancillary fees by category and by merchant and to provide a clear picture of a corporation’s true travel spend. Utilizing this actionable intelligence, travel managers will better manage their travel policy, leverage vendor negotiations, and reduce their overall travel and procurement costs. Additional reporting and analytics features include: real-time key performance indicator dashboards with predictive analytic capabilities, on-demand supplier goal monitoring, corporate contract analysis, and benchmark reporting. “We invite convention attendees to stop by our booth to get a first-hand demonstration of how our ancillary fees reporting capabilities will reset and re-shape the industry standard going forward,” said Shane Hammond, President and CEO, TRX. TRAVELTRAX helps over 6,000 corporations gain a better understanding of corporate travel data and more effectively manage their global T&E costs. TRAVELTRAX provides users with clear and concise insight into global travel programs for corporations using multiple travel agencies, corporate cards, and/or expense reporting platforms through seamlessly aggregating, consolidating, and normalizing data from over 100 sources. TRX will demonstrate the new TRAVELTRAX ancillary fee enhancements at the GBTA Convention, booth 1495, August 21 – 24 in Denver, CO. |