LOS ANGELES and DALLAS, July 12, 2016 – Chrome River, a global leader in expense and invoice automation, announces a new technology integration with Traxo, which will dramatically speed up business travelers’ ability to create detailed expense reports from hotel bills.

Chrome River EXPENSE will incorporate Traxo’s hotel e-folio parsing technology, which automatically creates separate expense line items for items such as room, tax, parking, meals and room service. A jointly developed technology available exclusively through Chrome River, the solution works with any hotel’s bill – from individual boutique hotels to major international chains – and can read bills in English and most major foreign languages. As soon as hotel bills are sent to a traveler’s Chrome River EXPENSE account, folio data is automatically extracted, categorized, and populated directly into the expense reporting system.

“The last thing that a business traveler wants after a long trip is to manually enter room, tax, parking, and other items from their hotel receipt in order to create their expense report,” said Alan Rich, CEO of Chrome River. “With this exciting new technology, we enable travelers to turn what can often be a time-consuming task into something that can be done effortlessly, regardless of the type of hotel they stay in, or the language of the receipt. Chrome River continues to invest in innovations that streamline expense reporting and make employees’ lives simpler and more stress-free.”

“Chrome River has taken great strides to automate expense report creation and reduce the administrative burden on business travelers. We’re delighted to work with the company to streamline hotel expense reporting,” said Andres Fabris, Traxo founder and CEO. “By using our technology to extract data from folios and mapping this to pre-defined categories within the expense system, we’re able to dramatically reduce the time that Chrome River’s 1 million users take to create hotel expense reports.”

Chrome River and Traxo will showcase their technologies for the managed travel industry at the Global Business Travel Association convention in Denver, July 17-20. Chrome River will be at booth # 2318, while Traxo can be found at booth # 1864.

About Chrome River

Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most respected global organizations. Our highly-configurable cloud-based expense reporting and supplier invoice automation solutions deliver an elegant and intuitive user interface, which offer the same high quality experience on a smartphone, tablet or laptop. Our SaaS products provide a world-class business rules engine and technology infrastructure, combined with a completely agile solution that supports today's changing business climate, and that CFOs, AP and travel managers and employees will all love.

To find out why Chrome River is trusted by more than 1 million users at over 500 organizations worldwide, contact us at +1. 888.781.0088 or visit us at www.chromeriver.com.

About Traxo

Traxo, Inc. provides itinerary data aggregation solutions for corporations, TMCs, online booking tools, and other service providers to capture off-platform bookings, enhance policy compliance, and comprehensively track travel spend regardless of channel. With API-based and hosted white label solutions, along with private branded email parsing and data normalization solutions, Traxo provides its clients with the most robust suite of data aggregation services on the market. For more information, visit http://www.traxo.com.

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