Elite Teams Up With City National Bank to Deliver Integrated Treasury Management Solutions
Direct Connection with Elite Financial Management Systems Enables Clients to Initiate Financial Transactions through their own Accounting Software
LOS ANGELES, Nov. 7, 2011 – Elite, a Thomson Reuters business, today announced an agreement with City National Bank to integrate the ELITE 3E and the Elite Enterprise practice and financial management systems for law firms and other professional services firms with the bank’s EASI Link system. With a direct connection to the general ledger (GL), EASI Link enables firms to initiate payments, retrieve statements and check images, and auto-reconcile transactions without separately accessing the bank’s online treasury management system.
“We are thrilled to team up with organizations like City National Bank that provide innovative technology to enhance the Elite experience and overall efficiency for our clients,” said Kim Massana, president of Elite.
City National Bank’s EASI Link is a patent-pending, full-featured treasury management solution that facilitates transactions directly from the GL module. With deep integration into the GL, firms are able to enter transactions into 3E and Enterprise, and they are submitted directly into EASI Link. Once the transactions have been processed, firms receive confirmation and the GL is automatically updated.
Benefits include increased operational efficiencies, reduction in manual errors and the ability to leverage the firm’s GL system as the source for banking activity.
“As City National continues to increase the benefits of EASI Link to our clients, working with Elite, a leading financial management systems provider, is an obvious choice,” said James Daley, executive vice president, Treasury Services Division from City National Bank. “Enabling our clients to initiate financial transactions through their own accounting software, where they are most comfortable, while automatically updating their bank account, means no double entry and mostly importantly, more time to devote to higher priorities.”
About City National
City National Bank is the wholly owned subsidiary of City National Corporation (NYSE: CYN). It is backed by $23.1 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City and Nashville, Tenn. The company and its investment affiliates manage or administer $55.6 billion in client investment assets, including nearly $34 billion under direct management. For more information about City National, visit the company’s Website at cnb.com.
About Thomson Reuters Elite
Thomson Reuters Elite offers an end-to-end enterprise business management solution that allows law firms and professional services organizations to run all operational aspects of their firms including business development, risk management, client and matter management, and financial management. For over 60 years, we’ve demonstrated we understand the business and financial aspects of firm operations, with proven tools that streamline processes to increase visibility and workflow efficiency across the organization and provide the flexibility to change and grow your business. For more information, visit Elite.
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