Thomson Reuters Elite Launches BI Marketplace to Help Firms Meet Business Intelligence Needs

BI Marketplace Launches with Three Partner Products

Feb. 22, 2017

Thomson Reuters Elite, part of Thomson Reuters Legal, has today announced the launch of BI Marketplace—a solution ecosystem that provides clients with business intelligence products from partners with different price points and functionality, all designed to provide firms with the business intelligence that best fits their needs.

Available to 3E® and Enterprise® clients and clients upgrading from Enterprise or moving from competitor solutions, BI Marketplace is a collection of business intelligence products provided by a select group of partners. Designed as a central location to house each product, clients can pick and choose the offering that best fits their specific needs.

Each partner product of BI Marketplace has verified integrations with existing Elite solutions, creating a connectivity that ensures streamlined quotes, billing, and services. BI Marketplace’s partner-enabled sales will be billed through Elite who will hold the primary client relationship, as well as smoothing and enhancing the sales processes of core products.

BI Marketplace will launch with three product partners. These are DW Reporting, a legal-specific financial reporting and business intelligence solution provider, Decision Pace, a virtual tool provider that acts to fill business information gaps and complement and extend existing business intelligence investments, and Iridium Technology, a complete business intelligence and profitability solution designed and built specifically for law firms.

The three products provide full financial data warehousing functionality, out-of-the-box analytics, revenue, expense, and profitability capabilities that will allow 3E clients to improve the financial management of their practice while reducing the need to look elsewhere for the functionality they need. Each product has been thoroughly vetted to ensure that they offer both the best capabilities in the industry and are able to be integrated with Elite products to offer an exceptional client experience.

Each product partner will provide assistance to Elite and help to implement and deliver training to ensure a smooth implementation process. Initial contact for BI Marketplace can be made by arranging a demo through Elite for all three products.

3E offers powerful core financial and practice management features and built-in application development capabilities—all seamlessly integrated into one high-performance system. Designed from the ground up on Microsoft®.NET®, 3E provides an integrated development environment that enables firms to become more agile in responding to client needs. A full suite of capabilities is delivered through a consistent web-based user experience that allows attorneys and staff to easily track and manage activity on a multi-office, global scale. Visit 3E for more information.

The Elite Global Strategic Alliance Program provides a one-stop global marketplace that fosters cooperation, streamlines the buy-sell cycle, and helps all involved achieve a competitive edge. Elite partners are experienced technology, services, and consulting organizations ready to innovate, collaborate, and help our clients solve their most pressing business challenges. Visit the Global Strategic Alliance Program page to learn more about the benefits of partnering with Elite.

Founded in 2013, DW Reporting is a legal-specific financial reporting and business intelligence solution provider that helps international, national, and regional law firms turn their incoherent and separate data sets into consolidated and effective business information. DW Reporting has helped organizations make better sense of their core business asset—data, assisting in the management and visualization of significant volumes of data into a simple and user friendly format, as well as the real-time delivery of advanced reporting solutions. This gives business users better decision making information, while still allowing them to quickly access the granular detail where needed.

Decision Pace makes a cost effective and agile BI development platform firms leverage themselves to quickly produce nearly any analytic deliverable. DP for Elite is a light app installed on existing 3E or Enterprise servers with over 80 advanced data visualizations and dashboards to form a robust real time integrated BI solution firms can utilize as is or to jumpstart custom development efforts.  It can help extend BI content breadth and reach (attorneys, clients, mobile access) on demand by integrating other firm data sources, including existing BI, and then configuring rich visualizations with DP's unique virtual and open BI technology.

Iridium Technology is a global firm focused specifically on business intelligence (BI) for legal and professional services firms. Your firm is making a large investment in business intelligence applications; our mission is to make sure that you receive maximum value for your business intelligence investment.

Elite is the leading global provider of an end-to-end enterprise business management solution, which 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 more information, visit Elite.