Legal IT Newswire: Thomson Reuters Elite Announces Launch of 3E Profitability

New Solution Helps Pinpoint Answers to Pressing Questions about Cost Management and Optimization 
Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, today announced the launch of 3E® Profitability, a powerful tool that provides visibility into a firm’s cost and profitability information and tailors and filters the analytics according to each viewer’s needs.
Profitability pulls critical cost accounting data from 3E to generate accurate cost rates in real time, leveraging direct and indirect cost data. The data warehouse in 3E Data Insights extracts that data and, with Microsoft® Power BI®, provides rich, persona-based dashboards accessed through 3E Workspace.
With Profitability, firms can glean the insights they need to make informed business decisions. Users can easily set targets and measure performance against them. In addition, users can calculate profitability analytics by practice, fee earner, client, and matter. These powerful analytics combined with the interactive data reports give firms the answers they need to profitability grow their business.
3E from Thomson Reuters Elite offers an end-to-end enterprise business management solution that allows law firms and professional services organizations to run all operational aspects of their business. Designed from the ground up on Microsoft .NET, 3E offers built-in application development capabilities. Why does it matter? The unique architecture enables firms to become more agile, lawyers to quickly respond to client needs, and staff to easily track and manage activity on any scale—from single-office to multi-office and multinational. 3E is the next-generation technology that can help firms improve efficiency, increase profitability, and confidently take on a future without limitations. For more information, visit 3E.