Cutting-edge Solution Offers ProLaw Users Enhanced Budgeting and Reporting

May 16, 2018

Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced that they have expanded their relationship with partner OLAP Vision to offer integration of Xcelerate Financial Reporting and Budgeting/Forecasting with business management solution ProLaw®.

Xcelerate is the only Excel and web-based budgeting and forecasting application built specifically for the legal and professional services industries which reduces the implementation and training time by up to 50% compared to other products. Through its modular design, it quickly and flexibly plugs into human resources and payroll systems to provide accurate reporting, budgeting, and forecasting of operating expenses, timekeeper revenue, timekeeper compensation, and capital expenses.

This new integration enables ProLaw clients to enhance their financial reporting and budgeting, gaining better visibility into the entire process. Users are able to harness market-leading technology which helps to bolster efficiency and protect profits through real-time budget insight.

ProLaw from Thomson Reuters Elite is the comprehensive, one office business management solution designed for everyone in your office. Intuitive features simplify, streamline, and coordinate the work of lawyers and staff in small and mid-sized law firms, corporate legal departments, and government agencies. Built entirely on Microsoft® .NET®, ProLaw combines case and matter management as well as time entry, billing, and accounting capabilities within a single integrated solution. ProLaw Mobile provides remote access to ProLaw data via iPad®, iPhone®, and Android™ devices. For more information, visit ProLaw.

Xcelerate Financial Reporting and Budgeting/Forecasting is a web- and Microsoft Excel-based solution for the budgeting and forecasting of operating expenses, fee earner revenue, employee compensation, and capital expenditures. Xcelerate integrates with 3E, Enterprise, and ProLaw and quickly plugs into human resources and payroll systems to push global assumptions from a firm-wide level down to the individual fee earners and employees. Dashboards provide a single view into firm performance with drill-down capabilities and real-time alerts to help protect profits and plan with greater confidence. For more information, visit Xcelerate.

The Thomson Reuters Elite Partner Program provides a one-stop global marketplace that fosters cooperation, streamlines the buy-sell cycle, and helps all involved achieve a competitive edge. Elite alliance members are experienced technology, services, and consulting organizations ready to innovate, collaborate, and help our clients solve their most pressing business challenges. For more information, visit the Thomson Reuters Elite Partner Program.

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.