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Exchange • Winter 2013 > Elite's Complete Enterprise Business Management Solution

Helping You Succeed from Beginning to End:
Elite's Complete Enterprise Business Management Solution

Here at Thomson Reuters Elite, we’ve heard what you and others have been saying: It’s becoming increasingly complex and competitive to manage a firm in today’s world. Profitability pressures have increased, along with the demands to do “more with less.” On the one hand, technology has helped automate workflows and critical processes. On the other hand, it has created disconnected information silos. You look for ways to automate and integrate workflows, share information, and improve collaboration across the workspace while juggling ever-increasing security requirements and exposure to risk. In addition, your clients expect flexible fee structures and predictable budgets, as well as greater transparency.

We heard you, and we have an answer to this multi-faceted challenge: The Thomson Reuters Elite complete Enterprise Business Management Solution (EBMS). EBMS not only meets your organization’s requirements, but also helps your firm meet its strategic goals. Vice President of Product Management Elisabet Hardy explains, “Thomson Reuters Elite realizes that you are looking for efficiency and for ways to easily share information across your work-space system. We have created a single solution that brings all the tools and applications together to provide you with more efficiency and information, while allowing you to run your firm better than before.”

EBMS Takes On Your Challenges: One by One, or All at Once

You don’t need to implement the entire EBMS to gain critical advantages. “We are providing a business management solution that allows you to be modular in your approach,” emphasizes Hardy. “You don’t need to have all the pieces of the puzzle to benefit.” Start with the individual solution that meets your most immediate challenges—whether it be business development, risk management, client & matter management, or financial management. As you expand and add other Thomson Reuters Elite offerings, you will find that the various modules integrate seamlessly, providing you with even more core capabilities and flexibility. In the end, you will have a complete solution that provides actionable intelligence and insights into your firm’s financial status and efficiency. The EBMS delivers the metrics you can use to determine the health and viability of your firm, and points the way to solving the complex, interconnected challenges of today.

Connecting All Facets of Your Firm

EBMS is an end-to-end solution to bring more efficiency, transparency, and profitability to your firm. The four components in EBMS address the complete spectrum of business needs—Business Development, Risk Management, Client & Matter Management, and Financial Management—connecting them all simply, seamlessly, and securely.

Business Development brings together customer relationship management (CRM), enterprise relationship management (ERM), experience management, proposal management and business intelligence, leaving “no stone unturned” to help you find and develop new business. Our Business Development solution helps you leverage the unique relationships and experiences that set your firm  apart from the competition.  With Elite’s Business Development solution, you can differentiate your firm when responding to RFPs, collect and analyze data to support future business development efforts, and assemble compelling proposals quickly and effortlessly. In addition, the CRM component combines contact and list management with email marketing and Web site integration to centralize and streamline planning and managing campaigns and maintaining relevant contracts.

Risk Management addresses conflicts of interest, records, legal holds, and ethical walls to manage and balance risks and implement solutions. By consolidating new matter intake and conflicts searching, this solution streamlines risk management and eliminates risk before a matter is initiated. With our Risk Management solution, you easily meet regulations and ensure court deadlines are communicated and met, while avoiding malpractice situations and conflicts of interest.

Client & Matter Management streamlines and links new business intake with matter budgeting and profitability, legal project management, experience management, and unified case management. Our Client & Matter Management solution provides firms with a single unified way to view and manage day-to-day activities, including clients, cases, workloads, and all related documents and reference materials.  This solution integrates your client and matter information with Microsoft Office for a unified, end to end solution for increased productivity, greater visibility, and improved client satisfaction.

Financial Management provides time management, general ledger, billing, collections, accounts payable, purchasing, and fixed assets in a single solution. You increase cash flow and profitability by streamlining the financial management process, while maximizing efficiency and reducing losses. This solution also improves inter-office and global operations by working across multiple languages, currencies, date formats, and tax structures. In the end, you shorten your collection cycles and can customize the capture and reporting of financial management information, all without sacrificing security.

From identifying and attracting new clients to monitoring accounts to measuring performance and profitability, here at Thomson Reuters Elite we understand every stage of your business. The bottom line: Thomson Reuters Elite is committed to helping you succeed.

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