Press Release – For Immediate Release
Contacts:
Alan Minton, Cornerstone Information Systems, +1 812 269 0014
Luis Henrique Miranda, AMIgo! Press Club +55 11 3873 5488
Cornerstone Announces Alliance with TX Consultoria
Brazilian Market to Benefit from Cornerstone Technologies
Bloomington, IN - February 2, 2009: Cornerstone Information Systems, a leading technology and professional services company in the travel sector, has announced an alliance with TX Consultoria, a widely respected consulting firm in Brazil. Through this alliance TX will act as Cornerstone’s representative in the Brazilian market. The announcement was made today during the LACTTE 2009, the most important Latin American Corporate Travel event, in Sao Paulo, Brazil.
TX Consultoria will market and promote Cornerstone’s products and services in Brazil, including:
- iQCX - The hosted iQCX business rules engine allows travel agencies to maximize their financial performance and profitability by improving contract application, reducing PNR handle time and eliminating debit memos.
- Policy Compliance Manager – Delivers an automated method for securing approvals for travel before reservations are confirmed, leading to increased compliance and cost savings.
- iBank Reporting - Delivers more than 120 standard reports and a virtually unlimited number of user-defined reports upon demand or on a scheduled broadcast basis.
- iBank Carbon Reporting – Delivers carbon emissions information on air, rail, car, and hotel bookings based on industry recognized methodologies (e.g. DEFRA). Cornerstone’s carbon reports can be used "as-is" or the data in iBank can be easily exported to the carbon calculation firms for more comprehensive analysis.
In addition, TX Consultoria will provide sales support for new customers in Brazil.
“We are very excited about our new relationship with TX Consultoria,” said Matias Orrego, President of Cornerstone. “We have been supporting customers in Latin America for over 5 years through our office in Chile. This alliance with TX will help us better address the unique needs of Brazilian companies and will greatly improve our ability to deliver Cornerstone technologies to this very important market.”
“We have seen a sizeable increase in demand for our products and services from international markets, specifically Western Europe and Latin America, over the last 18 months,” said Kyle Moser, Cornerstone’s Vice President of Business Development and Consulting. “Additionally many of our US based TMC customers are entering into partnerships with international TMCs to better support global travel programs. This has propelled us to develop new capabilities in our technologies such as crisis and carbon reporting, as well as advanced rail reporting in our iBank data management platform. The TX alliance will be a big help in addressing this demand,” continued Moser.
“Brazil is a fast growing country in many aspects, including Business Travel, but many Brazilian TMC’s still coexist with a low level of technology to manage travel, said Walter Teixeira, President of TX Consultoria. This alliance brings the opportunity to improve management tools for both TMC’s and Corporations, offering the best in class solutions into Brazilian market.”
iBank is Cornerstone’s web-based data management platform that captures travel data from a variety of sources, including GDSs, credit card feeds and back-office systems and provides customers the ability to analyze their travel spend from a customized web site. In 2008, iBank captured 300 million records and processed 3.6 million reports, 75% of which were broadcast automatically. Over 11,000 users logged into the system more than 1.1 million times.
About Cornerstone
Cornerstone Information Systems is a professional services company helping travel management companies, corporate travel departments, airline and global distribution systems work more efficiently and more profitably. Founded in 1992, Cornerstone Information Systems is a privately held company based in Bloomington, Indiana with personnel in eight locations worldwide. Further information about the company is available at www.ciswired.com or by calling Alan Minton at (812) 269-0014.
About TX Consultoria
TX Consultoria is the leading provider company that integrates and enriches Corporate Cards data in Brazil. Working closely to the Corporate Card leading Bank in Brazil, TX Consultoria handles more than 60% of air tickets data paid by corporate card central accounts in the country. Founded in 1999, TX Consultoria is a privately held company based in Săo Paulo, SP Brazil. Further information about the company is available at www.txconsultoria.com or by calling Walter Teixeira at +55 (11)3017-6155
