Finance

Idaho State University (ISU) is a public research university in Pocatello, Idaho. Founded in 1901 as the Academy of Idaho, ISU now has 14,000 undergraduate and graduate students and more than 2,000 faculty and staff. In this guest blog post, Lisa Leyshon, assistant controller at ISU, explains how the university let business flow by automating expense policy compliance and speeding up the approval process, getting reimbursements back in travelers’ accounts much more quickly.

HBR recently held its annual Procurement Roundtable, an invitation-only gathering of 25+ law firm procurement leaders. In connection with the Roundtable, HBR surveyed the participants on a variety of procurement-related topics ranging from organizational information for benchmarking through current front-of-mind topics / priorities, including investment in procurement technology solutions. These technology solutions are a key tool that can help a procurement function on multiple fronts.

Leverage Business Intelligence Data with Scheduled Reports

At Chrome River, we’ve long recognized the value of effective business analytics (BA) that can empower an organization’s stakeholders to make smarter, data-driven decisions. Effective BA improves the decision-making process by allowing finance staff to track, process, and analyze data and - perhaps most importantly - transform it into actionable insights that drive strategy.

Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced a new Implementation partnership with OLAP Solutions Inc., which offers business systems intelligence consulting for budgeting, forecasting, and financial applications. The partnership will benefit Elite clients who leverage 3E® Budgeting and Forecasting, ProLaw® Budgeting and Forecasting, and ProLaw Financial Reporting solutions, the only web-based budgeting and forecasting applications built specifically for the legal and professional services industry.

Wilson Legal Solutions today announced that Duane Morris LLP, an Am Law 100 firm with 800 lawyers across the US, UK, and Asia, has selected Wilson Proforma Tracker to automate and streamline its client billing process. Duane Morris will use Wilson Proforma Tracker together with its Elite Enterprise financial management system.

Pinnacle has announced the launch of a new Change Management and Transformation practice area to complement its existing consulting, systems delivery, support and development services.

They have recruited the highly experienced Tony Pullman, former Global Head of Business Services Delivery at Hogan Lovells, to lead the team globally. Tony has spent two decades specialising in change within the legal sector, with time at DLA, Clifford Chance, Kennedys and Simmons & Simmons as well as with 3Kites Consulting.

Despite increase in spending, survey report also reveals law departments continue to take measures to contain costs, enhance operational efficiency.

As global organizations continue to report increased legal needs, corporate law departments’ total legal spending increased by 5 percent, according to the 2018 HBR Consulting (HBR) Law Department Survey.

A West Midlands law firm has chosen a global industry leader to deliver its legal practice and financial management software.

Putting innovation and agility to the top of its wish list, Higgs & Sons hand-picked Aderant Expert as its new partner. Higgs sought a flexible, ready-to-deploy product that enhanced its legal service delivery and met current business requirements, whilst also positioning the firm for future growth.

Shortly after the roll-out of its ERP system, LexisOne™, in Belgium; European law firm, Fieldfisher, has now deployed the solution across its network of German offices including Düsseldorf, Frankfurt, Hamburg and Munich.  LexisOne is a cloud-native SaaS solution built on Microsoft Dynamics 365, which Fieldfisher has used to replace eight other core business systems.

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