Long-term 3E Client Upgrades Financial Reporting Technology to Gain Access to Real-time Budgeting Data

Jul. 3, 2015

Thomson Reuters Elite, part of Thomson Reuters Legal, today announced that international commercial firm Nabarro LLP has made the decision to implement xcelerate Budgeting and Forecasting. The existing 3E® client is adding xcelerate to its technology infrastructure in order to receive detailed analyses of critical information through intuitive reports and alerts. Powered by OLAP Vision, xcelerate is a firm-wide budgeting and forecasting solution exclusively available to clients of 3E and Enterprise™ financial and practice management systems.

Charles Furness-Smith, Finance Director at Nabarro LLP commented, "xcelerate will add to our current suite of financial management systems supported by Elite. Our approach to adopting new systems is motivated by our need to improve the service we offer clients. xcelerate will help make our budgeting processes more efficient, which in turn, will give our clients greater certainty when it comes to their legal costs."

“Common challenges of today’s budgeting and forecasting tools include inefficient data management and lengthy implementations. Because xcelerate integrates directly into 3E and Enterprise, it provides a standard process that eliminates errors and saves time,” said Elisabet Hardy, vice president of Product Management at Elite. ”We have a long history of working with Nabarro, and we are confident this will be an immensely successful implementation of xcelerate’s real-time and intuitive budgeting insights.”

xcelerate Budgeting and Forecasting is a Web- and Microsoft® Excel®-based solution for budgeting and forecasting of operating expenses, fee earner revenue, fee earner compensation, and capital expenditures. xcelerate is integrated into 3E and Enterprise and quickly plugs into human resources and payroll systems to push global assumptions from a firm-wide level down to the individual fee earners. Visit xcelerate for more information.

Nabarro LLP is an international firm with offices in London, Brussels, Dubai, Manchester, Sheffield, and Singapore. It delivers the highest quality business-focused advice to clients clearly and concisely, regardless of complexity. Its core practice areas include corporate/commercial, real estate, dispute resolution and infrastructure, and construction and energy. For more information, visit http://www.nabarro.com.

Thomson Reuters Elite is the leading global provider of innovative business management solutions that enable law firms and professional services organizations to streamline operations, maximize efficiency, and increase visibility into all aspects of their businesses. Elite is focused on enabling firms of all sizes and locations to meet their true potential and provide the best service for their clients. For more information, visit Elite.