ATLANTA – 6 January, 2011 - TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, today announced TRAVELTRAX® has achieved new milestones for travel and data reporting; including data connections, number of reporting packages available, volume of transactions processed, and amount of T&E spend managed, establishing TRX as the travel industry's leading, independent data consolidation and reporting solution provider.
TRAVELTRAX helps over 10,000 corporations gain a better understanding of corporate travel data to more effectively manage 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 multiple sources.
Recent milestones for 2010 include:
- Management of over $35 billion in T&E spend
- Processing more than 275 million data transactions including:
- Over 160 million credit card transactions
- Over 80 million air transactions
- Over 30 million hotel and car transactions
TRAVELTRAX maintains in excess of 300 data connections to key data sources used to support data consolidation and reporting including hundreds of global data interfaces and all major GDSs, credit card companies, major issuing banks, travel agency back-office systems, and other key data sources such as expense management and ERP systems.
"Our TRAVELTRAX solution is the most widely-used independent reporting platform in the market today," said Kevin Austin, Executive Vice President, TRAVELTRAX, TRX. "We have an unmatched record in the number of data connections, deployments, and users, as well as a vast report library with thousands of reports and the ability to further customize based on the individual needs of our clients. The breadth and depth of our reporting capabilities exceeds that of our closest competitor by an order of magnitude."
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 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.