Thomson Reuters Elite, part of Thomson Reuters Legal, announced that the momentum of 3E® and Enterprise® firms adopting xcelerate Budgeting and Forecasting continues apace in 2017 with 44 adopting the solution in the last year. Adoption of the market-leading xcelerate solution, which is the only Microsoft Excel®and web-based budgeting and forecasting application built specifically for legal and professional services, has also doubled in each of the past three years with an over 400% increase in 3E® and xcelerate bundled deals.
xcelerate helps users in more than 12 countries safeguard their profits with real-time insights into their firms’ revenue and expense budgets, forecasts, and other key targets. More than half of the clients that rely on xcelerate to review their productivity and profitability rank in the Am Law 200, with 20+ of these firms being in the Am Law 100. xcelerate also counts among its clients six top global law firms that generate annual revenues of $1.1 billion to more than $3.5 billion.
Furthermore, xcelerate has achieved unprecedented success in the three key customer regions of North America, APAC and EMEA, with Q1 2017 client adoption already double that of all of 2016. Firms that have selected xcelerate include:
• Blaney McMurtry LLP, a Toronto-based law firm staffing 125 lawyers
• Mills & Reeve, a UK law firm with offices in Birmingham, Cambridge, Leeds, London, Manchester, and Norwich
• Brabners LLP, a firm headquartered in the UK and staffing 200 lawyers across its offices in Liverpool, Manchester, and Preston
• Thomson Snell & Passmore, the world’s oldest law firm operating since 1570
• Barlow Robbins, a firm headquartered in the United Kingdom and operating offices in Guildford, Woking, and Godalming
“The fantastic pace of xcelerate adoptions in existing 3E and Enterprise clients in the past year is immensely gratifying,” said Bill Burch, vice president of Sales at Elite. “We’ve seen a huge increase in demand, and this trend seems set to continue. We have also seen xcelerate replace an average of four competitor products upon its adoption, not only making xcelerate the chosen solution for enhancing productivity in financial performance management by top global firms but underlining that it is in a market-leading position.”
xcelerate Budgeting and Forecasting is a web- and Microsoft Excel-based solution for budgeting and forecasting of operating expenses, fee earner revenue, fee earner compensation, and capital expenditures. xcelerate is integrated into 3E and Enterprise and quickly plugs into human resources and payroll systems to push global assumptions from a firm-wide level down to the individual fee earners. Visit xcelerate for more information.