Elite Enterprise 3.6 from Thomson Elite Provides Richer Financial Management Feature Set in Proven Solution
New fixed and capped charge matter capabilities improve tracking and reporting
LOS ANGELES, June 12, 2006 – Elite® Enterprise 3.6, the newest version of Thomson Elite’s proven financial and practice management software for professional services firms, includes significant improvements in financial management functionality. Thomson Elite is part of The Thomson Corporation (NYSE: TOC; TSX: TOC) and a worldwide provider of business software to professional services firms.
New fixed and capped charge matter capabilities simplify the initial matter set-up process, automate the over-budget time/cost process during billing and significantly improve the ability to track, manage and report on the successful completion of work. Enterprise 3.6 features improved flat charge functionality to streamline frequency setups and automate the proportional allocation or write down of time entered after a flat charge has already been billed to a client.
“Our award-winning Elite Enterprise solution has benefited more than 600 regional, national and global firms,” said Dan Tacone, senior vice president, segment marketing, Thomson Elite. “Version 3.6 expands the breadth of sophisticated capabilities and additional global functionality our customers need. Both casual professional users and financial managers alike will see the value of the investments we’ve put into this product.”
Enhanced multi-company, multi-currency and global release features are now available that support both regional and global firm growth. For example, foreign currency checks can be created, allowing multiple vouchers in one currency to be gathered and then converted to a different currency for payment.
The new threshold-based Accounts Payable voucher approval process allows firms to more closely monitor and control payment approvals. First, a voucher is approved before being eligible for payment. When ready to be paid, the check approval process can be used to verify the amounts of the checks before they are cut.
About Thomson Elite
Thomson Elite is a leading provider of integrated information solutions to 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, including accounting, engineering, marketing services, and management and IT consulting. For more information, visit www.thomsonelite.com.
The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2005 revenues of $8.5 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,500 employees and provides services in approximately 130 countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
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