ATLANTA ─ 23 August, 2011 ─ TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, announced continued success in providing its data intelligence solution to several leading companies in the pharmaceutical, technology, financial services, travel, and consulting industries seeking better ways to manage their travel and procurement reporting needs.
TRAVELTRAX® helps over 6,000 corporations gain a better understanding of corporate travel data and more effectively manage their global T&E costs.
Fortune 500 corporations manage large and complex travel and procurement programs and need clear insight into their T&E spend in order to better administer and drive costs out of these programs. In a digital economy with multiple sources of data that can make disintermediation a serious challenge, clear insight is difficult to obtain.
TRAVELTRAX, with connections to all of the major corporate card issuers, credit card associations, GDSs, TMCs, HR systems and key direct connect vendors, has the unique ability to aggregate and enhance data from virtually any source and to provide actionable intelligence to travel and procurement managers resulting in significant cost savings.
“Data is key for corporations to understand where their money has been spent but more importantly where their money could be better spent,” said Kevin Austin, Executive Vice President - TRAVELTRAX, TRX. “Our unmatched record in the number of data connections, deployments, and users, coupled with our vast report library containing thousands of reports, and our ability to further customize these reports based on the individual needs of our clients makes TRAVELTRAX the most widely-used independent reporting platform today.”
“Corporate buyers face a number of difficult issues when managing their T&E expenses such as airline ancillary fee spend, channel compliance, and travel policy adherence,” said Shane Hammond, President and CEO, TRX. “It’s easy to understand why firms like Hitachi, Gilead and Visa, all recent client additions, see great value in TRAVELTRAX, no other solution can aggregate and normalize the number of data sources, TRAVELTRAX has analyzed over $35 billion in spend last year which resulted in hundreds of millions of dollars of savings for our clients.”
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