Elite Reporting Essentials Offers Key Elements of Business Intelligence
Benefits for Professional Services Firms
LOS ANGELES, August 20, 2007 - Elite Reporting Essentials, a business intelligence reporting solution that offers standard financial management reports and an intuitive dashboard interface, is now available for general release from Thomson Elite. Thomson Elite is part of The Thomson Corporation (NYSE: TOC; TSX: TOC) and a worldwide provider of business software to professional services firms.
Reporting Essentials delivers immediate visibility into daily business activities and historical information to increase revenue, control expenses and improve resource allocation. Reporting Essentials, simplified to report directly from Elite Enterprise and not an external data warehouse, is designed so professional services firms can more quickly realize the benefits of simple implementation and reduced total cost of ownership. Implementation and training cycles involved with Reporting Essentials are short, allowing for less-expensive service and maintenance costs.
Most business intelligence solutions require extensive data integration to migrate financial data into a data warehouse. Reporting Essentials simplifies the process by creating data universes that link directly to Elite data. Each data universe contains information on different areas of the firm, such as timekeeper and billing information, accounts receivable information, work-in-process and more.
"Firms that want to get up and running in a short time with a reporting solution featuring targeted, relevant reports will truly benefit from Elite Reporting Essentials," said Bruce Wilson, vice president, Business Intelligence, Thomson Elite. "The access this product provides to timely metrics and financial snapshots maximizes the value of our customers' Elite financial management systems."
Business Objects XIR2, bundled with Reporting Essentials, can schedule reports to run automatically. Reports refresh each morning on the Reporting Essentials Dashboard for easy retrieval and review. Reporting Essentials also features Business Objects report authoring and distribution tools, allowing for easy report creation, distribution and collaboration.
Standard reports include accounts payable, accounts receivable, client/matter status, timekeeper performance and more.
Firms that implement Reporting Essentials and over time want a more comprehensive business intelligence solution will be well-prepared for Elite Business Intelligence, which uses the same tools and dashboards. With Elite Business Intelligence, analytics functionality enables point-in-time reporting to measure key performance trends such as profitability and productivity via an integrated data warehouse. Firms can easily migrate to take advantage of data integrity checking as well as integration of other, disparate data sources along with many advanced report authoring and distribution features.
For more information or to schedule a demonstration of the new WebView 5.2, call (323) 642-5200 or visit www.thomsonelite.com/solutions.
Thomson Elite
Thomson Elite is a leading provider of integrated information solutions to professional services firms worldwide. Thomson Elite is a business within The Thomson Corporation (NYSE: TOC; TSX: TOC) 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.thomsonelite.com.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing essential electronic workflow solutions to business and professional customers. With operational headquarters in Stamford, Conn., Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, scientific research and healthcare. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
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