3E Financial Reporting and xcelerate Budgeting and Forecasting Secure Significant Market Adoption in First Year of General Availability
Thomson Reuters Elite, part of Thomson Reuters Legal, today announced the success of the 3E® Financial Reporting and xcelerate Budgeting and Forecasting Microsoft® Excel®–based solutions since they were launched at the VANTAGE 2014 London User Conference. A total of 45 3E clients have selected the Financial Reporting multi-dimensional database technology to gain advanced analytical features and highly formatted financial statement. In the first half of 2015 alone, 14 clients integrated xcelerate Budgeting and Forecasting with their 3E and Enterprise™ solutions in order to protect profits with real-time insights.
“xcelerate’s dashboard functionality enables our team to quickly turn around critical processes by generating reports, automating manual processes, and drilling down to additional details,” said Greg Molchan, financial systems and reporting manager at Parker Poe. “Our implementation team has been blown away by the product and how quickly it has benefitted our firm.”
Charles Furness-Smith, finance director at Nabarro LLP commented, “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.”
“3E and Enterprise clients have been very receptive to the latest financial business intelligence developments at Elite, and we are thrilled that so many have already seized the opportunity to leverage 3E Financial Reporting and xcelerate in order to make better informed business decisions and amp up profits,” said Elisabet Hardy, vice president of Product Management at Elite. “Because both of the solutions are easy to navigate through their Web- and Excel-based environments, include rapid implementation processes that reduce setup time by up to 50 percent, and put near-real-time data at users’ fingertips, we anticipate many more clients making the decision to move ahead to a more profitable future in coming months.”