New, Intuitive Solution Simplifies and Expedites Financial Reporting for Law Firms and Professional Services Organizations

LOS ANGELES, Sep 4, 2014 – Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced the release of 3E Financial Reporting. The intuitive, Excel-based solution is tailored to accounting professionals, equipping them with access to near real-time data, so they can easily assemble, generate, and distribute financial reports. 3E is an integral component of Elite’s enterprise business management solution (EBMS), built to help firms manage all operational aspects of their businesses.

“Other financial reporting offerings often cause accounting professionals to struggle with complexity that requires technical staff to assist with report creation, integration, and ongoing maintenance. However, that all has changed with 3E Financial Reporting,” said Elisabet Hardy, Vice President of Product Management for Thomson Reuters Elite. ”By taking advantage of 3E Financial Reporting’s intuitive design, accounting professionals can simplify the way they create and share financial reports, and management will benefit from access to comprehensive, up-to-the minute insights driven by vast amounts of near real-time data.”

At the core of 3E Financial Reporting is Elite’s Dynamic Data Store (DDS). The DDS constantly updates reporting data to reflect a firm’s core 3E data, so there is no need to wait for nightly or quarterly data refreshes, which results in more current, reliable data. Also, by tapping into the 3E database, users can drill down to source data, enabling them to access a broad range of attributes to understand financial performance more deeply.

3E Financial Reporting was designed for quick implementation and superior ease of use. The solution reduces implementation time by up to 50 percent compared with other reporting products. And, unlike other solutions that require third-party software or separate proprietary reporting tools, 3E Financial Reporting simplifies the process by mapping all reports directly from Microsoft Excel. The solution includes 10 out-of-the-box reports to help clients get started, as well as over 100 configurable reporting components, so users can rapidly modify and build additional reports. 3E Financial Reporting’s intuitive report development interface reduces the time it takes to create reports by more than 30 percent compared to other reporting offerings.

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 staff to easily track and manage activity on a multi-office, global scale. Visit 3E for more information.

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.