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3E Financial Reporting and 3E Budgeting and Forecasting Offer Strong Financial and Performance Management Capabilities

LOS ANGELES, Jun 17, 2008 - Elite has introduced two additions to its flagship Elite 3E financial and practice management software platform, now offering reporting and budgeting solutions developed by Clarity Systems as part of the Elite 3E platform. Elite is a worldwide provider of business software to professional services firms.

3E Financial Reporting consolidates data from multiple operating units, supports multi-currency and complex company structures, produces financial statements with complete drill-down capabilities and provides report bursting features. 3E Budgeting and Forecasting manages firm budgeting and planning to ensure accuracy, completeness and timeliness of the overall process. Both solutions provide seamless integration with 3E, Microsoft .NET architecture for Web access and support of international requirements.

"We've enjoyed a valuable relationship with Clarity Systems, and we are proud to put our name on these two additions to 3E," said Dan Tacone, senior vice president, Elite. "Clarity developed the software to meet the specific needs of our clients."

The financial reporting module is the first specifically developed for the legal and professional industries to consolidate results quickly and accurately while complying with international accounting and regulatory standards. Standard reports and drill-down capabilities are available for use right away. The application even leverages users' existing Microsoft Excel investment and knowledge for easy report development or customization. 3E Financial Reporting can convert financial data from multiple currencies to a single currency to better understand financial results from global operations. It also models complicated company structures and alternate hierarchies.

3E Budgeting and Forecasting contains a full set of budgeting drivers and calculation sets designed specifically for the legal market. Advanced business rules and modeling capabilities allow quick changes to assumptions or projections to calculate the financial impact. Users can create multiple versions, rolling forecasts and spreading patterns.

3E Budgeting and Forecasting is available now on 3E version 2.4. 3E Financial Reporting will be available with the 2.5 release of 3E, currently planned for first quarter 2009.

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About Elite
Elite is a leading provider of integrated information solutions to professional services firms worldwide. Elite is part of Thomson Reuters and is a premier provider of financial and practice management systems to the legal industry and to other professional services markets, including accounting, marketing services, and management and IT consulting. For more information, visit www.elite.com.

About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minn., Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and NASDAQ. For more information, visit www.thomsonreuters.com.