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An Affordable Financial and Practice Management Suite for Law Firms
Elite® Out of the Box is a suite of financial and practice management solutions designed specifically for smaller and medium-sized law firms. This affordable, easy-to-install suite combines a strategically integrated set of solutions found in the industry-leading Elite® Financial and Practice Management system used by larger firms worldwide. With a set of pre-configured options, Out of the Box is a scalable, cost-effective way to quickly improve efficiency, profitability and client satisfaction.
Out of the Box Highlights
The suite includes the following Thomson Elite solutions:
- Elite® Billing Manager offers distributed bill editing and creation.
- General (Nominal) Ledger delivers comprehensive financial reporting, budgeting and expense management.
- Accounts Payable provides sophisticated cash management tools, including laser cheque printing and seamless integration with Billing Manager and General (Nominal) Ledger.
- Elite® Conflicts Manager provides convenient full-text searching as well as comprehensive conflicts searching features.
- Elite® WebView provides a user-friendly, browser-based interface to access firm data via the Internet.
- Elite® Extend provides automatic email notification of critical business events based upon user-defined rules.
- The Elite® VBA Toolkit enables development of customised screens and terminology to match firm preferences.
Increase Productivity
Streamlined billing and collections practices are a high priority for firms of all sizes. Thomson Elite incorporates a variety of customisation features throughout the suite to improve staff productivity and efficiency:
- Ability to easily customise screen terminology, including help text and error messages, ensures the system reflects the specific needs of any firm.
- On-screen access to each person’s "Favourites" allows fast and efficient navigation between applications.
- Extensive enquiry capabilities include "drill down" functionality to display underlying details.
- Intuitive menu makes the system easy to learn and use.
- Single-screen bill editing system improves the efficiency of the entire billing process.
- Integrated imaging (optional) allows attachment of disbursement hard copy to invoices.
- Management of complex billing arrangements accommodates multi-payor billing.
Improve Client Service
In many firms, the complexity of providing clients with the highest level of service and accommodating unique requests must be addressed in order to effectively solicit and retain new clients. Out of the Box provides firms with powerful financial management tools that can handle the most complex billing arrangements with ease. With this robust functionality, firms can compete effectively for new clients and deliver superior client services. A wide variety of enquiry tools allow users throughout the firm to quickly access important information. These tools offer the ability to select fields and drill down to underlying detail in an online fashion.
Benefit from Cost-effective, Rapid Implementation
Out of the Box provides a streamlined implementation approach, including:
- Standard chart of accounts, which is provided and installed with full integration to Billing Manager and Accounts Payable.
- Automatic posting integration between systems supports cash or accrual accounting.
- Multiple standard bill templates ensure uninterrupted billing cycles.
- Standardised data conversion ensures a smooth transition between legacy systems and Out of the Box.
Maximise Time-saving, Pre-configured Templates
Out of the Box includes a variety of valuable standard templates, including:
- Pre-bills
- Billing invoices
- Accounts payable cheques
- Client Cheques
- General Ledger chart of accounts, including balance sheet and income statement reports.
- Over 100 standard accounting reports.
Consult the Experts
Thomson Elite has a dedicated team of financial management experts that focus on helping firms better understand and improve their business processes. Assessment and review of financial management activities improves overall efficiency, eliminates redundant processes and recognizes strategic opportunities that match the firm’s unique vision and business objectives.
Your Partner for Financial and Practice Management Solutions
Thomson Elite is a leading provider of integrated practice and financial management systems for professional services firms worldwide. Thomson Elite is a business within The Thomson Corporation (NYSE: TOC; TSX: TOC) and is a premier provider of financial and practice management systems to the legal industry and to other professional services markets.
Contact Thomson Elite to put the power of Elite Out of the Box to work in your law firm today. For more information on Thomson Elite, please complete our sales request form or call +44 (0) 20 7369 7379.
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