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PROACTIS & Elite Sign Alliance Partnership to Supply Spend Control Platform to Law Firms

News Facts

• PROACTIS, the specialist in Spend Control and eProcurement, today announced that it has signed an Alliance partnership agreement with Elite, part of Thomson Reuters, to offer the PROACTIS eProcurement as an option for the Spend Control element of its practice management solution for law firms.
• Elite is the leading developer of integrated information solutions for professional services firms worldwide. More than 60% of the AmLaw 100 and Global 100 law firms and nearly 30% of the top CPA firms rely on Elite solutions to manage their business.
• PROACTIS has extensive experience in the legal sector helping law firms improve and streamline the full scope of Spend Control and eProcurement with cutting edge technology. PROACTIS clients include: DLA Piper, Clifford Chance, Herbert Smith, Hill Dickinson, Barlow Robins and The Law Society.
• By working closely with Elite, the PROACTIS solution supports rigorous financial and spend management but implemented in a practical and straightforward way, using the latest cloud-based technologies, suitable for law firms.

About the Solution

• PROACTIS' integrated family of procurement and purchase-to-pay solutions enable clients to reduce the overall cost of purchased goods and services and improve financial control productivity, while mitigating supplier risk.
• PROACTIS procurement solutions provide a framework of sourcing, contract, catalogue and supplier management capabilities that allow firms to leverage their full buying power, gain best value agreements, and maximise the percentage of "spend under management" across all categories of spend.
• PROACTIS purchase-to-pay solutions automate and streamline the entire day-to-day buying process, from request through authorisation, ordering, invoice processing, and payment via Accounts Payable. It provides the links between employees, internal systems, and suppliers that leverage the agreements and contracts established by procurement.
• PROACTIS solutions have been built to be "agnostic" toward surrounding systems, with a framework for smooth integration with Elite practice management solutions and whatever other systems clients have in place today or in the future.

Supporting Quotes

• "This partnership represents an important new go-to-market strategy in PROACTIS' approach to law firms and we are looking forward to working closely with Elite," said Sean McDonough, COO of PROACTIS. "Using PROACTIS, Elite clients will have access to a solution that streamlines and controls the source-to-pay process, integrates with core operational systems, is easy to use and easily adopted by end users, and offers fully internationalised support for global businesses."
• Simon Dadswell, Director of Marketing, PROACTIS added: "Our partnership with Elite will enable clients to improve financial control and compliance with organisational policies. In particular, in sourcing, purchasing and settlement for commodity spend areas such as IT, temporary staff, outsourced services, travel, marketing, etc., non-payroll expenditure represents a hidden and largely untapped area of potential savings for law firms."

About PROACTIS

• PROACTIS is a leading provider of Spend Control and eProcurement solutions. Hundreds of organisations around the world use PROACTIS software and services to streamline their purchase-to-pay process and obtain best value and control in procurement.

About Elite

• Elite is a leading provider of integrated information solutions to professional services firms worldwide. Elite is part of Thomson Reuters and is a premier provider of financial and practice management systems to the legal industry and to other professional services markets, including accounting, marketing services, and management and IT consulting. For more information, visit www.elite.com.

About Thomson Reuters

• Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minn., Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and NASDAQ. For more information, visit www.thomsonreuters.com.

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