Elite has enhanced its cloud-based 3E software platform for law firms, focusing on improving the work-to-cash process through new functionalities in data management, billing, payments, time capture, and e-invoicing. Key updates include Data Connect, which provides near-real-time operational financial data and is built on a new Data Fabric layer, reducing manual reconciliation. The introduction of Elite Intelligence to the Proforma billing workflow utilizes AI to streamline billing processes, potentially saving lawyers up to four hours monthly. New advancements in Elite Payments cater to complex banking needs, enhancing cash tracking and trust accounting. Additionally, the Time product now captures billable hours from Microsoft Teams, addressing missed time revenue. Finally, e-invoicing compliance features expand to include Belgium and future plans for Poland, ensuring streamlined tax processes. Overall, these innovations aim to reduce inefficiencies, accelerate cash flow, and enhance visibility, benefiting law firm leaders and their operations.
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