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PROACTIS Joins as Elite Alliance Partner

Elite Clients Now Have Access to World-class Spend Control Software

LOS ANGELES, Nov. 21, 2011 – Elite, part of Thomson Reuters, today announced that it has added PROACTIS to its Alliance Partnership program. PROACTIS is a leading provider of spend control and eProcurement solutions. Hundreds of organizations around the world use PROACTIS software and services to streamline the purchase-to-pay process and obtain best value and control in procurement.

“Now more than ever, law firms are looking for ways to better manage, control, and reduce costs, especially their non-payroll expenditures,” said Sean McDonough, COO, PROACTIS. “The Alliance Partnership between PROACTIS and Elite will provide clients with a world-class spend control software application that will help take their firms to a higher level of spend control performance, and sustain a high level of performance even while responding to inevitable changes in market conditions and organizational structures.”

PROACTIS solutions will enable Elite clients to establish consistent, streamlined processes to identify, capture and control all forms of non-payroll spend. It guides the entire organization through every step of buying. By doing so, it has a tremendous positive impact on a firm’s cost structure and competitive position. Every reduction in spend is translated into dollar-for-dollar improvement in profitability – a much greater percentage increase in revenue would be required to achieve the same effect on financial performance. Firms that achieve low-cost leadership have a big advantage in both up and down economies.

PROACTIS enables law firms to maintain a continual focus on all aspects of spend control. Therefore, firms are able to strive for the highest possible level of “spend under management” and to pay consistent attention to all of the key elements:

• Strategic sourcing and contract management processes that ensure maximum value and cost savings. 
• Supplier management processes that ensure a smooth flow of goods and services while minimising any possible risk to the firm. 
• Management of daily purchase activity in a way that enables employees to get what they need to do their job as quickly as possible, while at the same time ensuring their purchases are properly authorised, and that they are buying from preferred suppliers against established contracts wherever possible. 
• Effective invoice processing that reduces the cost of AP operations while ensuring only valid invoices are paid; and that results in timely supplier payment that takes maximum advantage of desirable payment discount terms.
• Spend visibility that provides the information to keep everything on track and identify incremental opportunities for additional cost savings.

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About PROACTIS
PROACTIS is a leading provider of spend control and eProcurement solutions. Widely used in mid-to-large sized organisations across private, public and not-for-profit sectors, PROACTIS is routinely integrated with ERP and financial systems. PROACTIS also offers a range of on-premise and cloud-based delivery options, including Software-as-a-Service (SaaS) and dedicated-hosted application delivery, and flexible licensing models. PROACTIS Group was founded in 1996 and has been listed on the London Stock Exchange since 2006 (AIM: phd). Headquartered in the UK with direct operations in Europe, North America and Asia Pacific, PROACTIS also has an extensive global partner network.

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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.