Want to improve your legal practice and make it more efficient? Try Elite’s 3E, a top-tier financial and practice management solution for law firms in Canada
Successful law firms and lawyers embrace technological advancements. That is why there are technology companies that create software that cater specifically to law firms. These tools help make transactions and other aspects in managing legal practice more effective.
One best example of these online tools is Elite, an independent technology company that operates with the goal of helping law firms become more profitable. Elite focuses on making law firms' operations smoother and more efficient. They do this by giving legal companies better visibility into their business workflows and how it can be improved.
In this article, we will explore Elite’s leading busineness management software for law firms known as 3E.
Introduction to Elite’s 3E
According to Elite, their 3E software is the first cloud-native software as a service (SaaS) financial and practice management solution. Elite created 3E to help law firms in Canada and abroad by improving their performance, which will increase their revenue.
Here are some of the key features of Elite’s 3E for its users:
- greater profitability
- automated workflows
- advanced analytics
- real-time insights
- industry-leading security
Elite says that 3E is a highly configurable software favoured by big law firms around the globe as it helps improve their overall performance. It connects and brings together all the important aspects of how law firms operate.
Elite’s 3E is cloud-native, not cloud-based
Some might be curious to ask how being cloud-native became an advantage for Elite’s 3E. Its upside can be observed when compared with other cloud-based tech. There is a difference between cloud-native and cloud-based software
To understand that, let us first learn about the cloud. It is simply system resources offered by technology companies in the form of:
- hard disk space
- memory or storage
- processing power
Cloud-based can refer to any kind of application or software hosted on a server in the cloud. On the other hand, cloud-native software like Elite’s 3E takes advantage of all the benefits that the cloud has. These solutions are designed to be flexible and are more scalable, meaning they can grow bigger.
Cloud-native software is also more capable than cloud-based when it comes to withstanding challenges. They fully utilize the benefits that cloud computing technology provides.
Product features of Elite’s 3E
Elite’s 3E offers productivity tools designed for legal professionals. For instance, 3E gives them hassle-free access to information and functions that can increase their law firm’s performance. As a result, lawyers can give better client service and can work with ease. Elite’s 3E also allows them to:
- maximize billable time captured and client-related costs with easy time entry
- view persona-based financial analytics that provide performance measures and actionable insights
- create budgets and compare actual performance against the plan
In addition, legal professionals can simplify their accounting and financial reporting activities through Elite’s 3E. This can be done not just in Canada but on a global level. Law firms in the country with physical locations offshore will benefit greatly since 3E is cloud-native.
Here are some of the documents typically used in legal practice that can be streamlined with this software:
- purchasing documents
- accounts payable
- collections and invoices
- fixed assets
- trust accounting
- accounts payable
- general ledger
Managing law firm’s payable process with Elite’s 3E
The entire payable process can be taxing (yup, that’s a financing pun) for law firms. As such, Elite’s 3E allows firms to manage their finances with a transaction management tool that is multilingual and has multicurrency capabilities.
This tool can easily take on numerous transactions even if they are complicated. Monetary disbursements are also controlled and monitored with ease by law firms when using Elite’s 3E.
Designed for law firms, our platform automates routine tasks, freeing up valuable time for strategic work. With customizable workflows and an intuitive interface, 3E ensures your firm operates at maximum efficiency.
— Elite Technology (@EliteLink) July 3, 2024
Find out more: https://t.co/SRom6OAgv2#legal tech #3E #cloud pic.twitter.com/HrPAnOkbjz
Elite’s 3E suite of products
Elite’s 3E has three solutions that are available for law firms that want to upgrade their business workflows in full:
3E Data Insights
This solution makes several sources of data available by creating interactive data reports and actionable insights.
3E Proforma
This solution helps law firms lessen the mistakes created by its users and make the proforma process faster.
3E MatterSphere
This solution keeps case management and matter operation procedures consistent and removes isolated data and inefficient processes.
What are the advantages of Elite’s 3E?
For law firms that are interested in using Elite’s 3E, here are some of its advantages:
- makes law firm operations run smoothly
- separates billable and nonbillable hours
- generates pre-bills that can be sent to e-mail addresses
- provides easy navigation for users
- keeps track time entries
- handles invoices and runs reports
- stores historical information
Caption (to appear as small text beneath image): screenshot from elite.com
Photo alt text (not a caption, so this should not appear on the web page): a screenshot of Elite’s website, showing its 3E software’s key benefits
Some disadvantages of Elite’s 3E
We have also compiled some disadvantages when using Elite’s 3E. These are not often observed but can still be experienced by users:
- reloads slow during peak seasons for law firms
- needs to be refreshed when using timers
- times out with larger bills sometimes
- shows error messages when used on multiple screens
To be fair, most, if not all applications and online solutions aimed at servicing law firms have downsides. There will always be hits and misses and Elite’s 3E is no stranger to that.
Does Elite’s 3E provide customer support?
As per their website, Elite delivers accessible and responsive support for their customers. Below are some of them:
- advanced product performance
- list of frequently asked questions (FAQs) for users
- exclusive portal for customers
screenshot from elite.com
Other software solutions offered by Elite
Aside from 3E, Elite offers other software solutions such as:
- ProLaw
- eBillingHub
- Advanced Financial Solutions
Let us explore these other solutions:
ProLaw
Elite wants to aid law firms by connecting all their employees across the entire company. That’s where ProLaw comes in. Like 3E, it is a business management solution, but it focuses on combining case and matter management.
ProLaw integrates these workflows with time entry, billing, and accounting for better collaboration. Elite states that users can expect the following once they get this service:
- boost in profitability
- improvement in decision-making
- more efficient work
- elimination of data silos
- streamlined data entry
- real-time insights
ProLaw also offers topnotch security for clientele matters and documents. Law firms will be able to decrease their compliance risk by tracking and recording user activity.
eBillingHub
This is Elite's software for electronic billing created to modernize law firms’ way of sending their billing statements. Elite offers the following perks for those who want to sign up for eBillingHub:
- 50% reduction in write-offs and write downs
- 14+ days increase on average in payment time
- 2x greater biller productivity
Advanced Financial Solutions
Finances are a huge part of law firms’ daily, monthly, and yearly operations and Elite knows this. As such, they are offering Advanced Financial Solutions. This is a product that uses Microsoft Excel to help law firms respond to their clients’ needs and gauge the performance of the firm.
There are four solutions within the Advance Financial Solutions program. These serve as standalone products. Law firms can also get all four as a package:
- Advanced Financial Reporting
- Profitability
- Budgeting and Forecasting
- Partner Compensation and Accounting
The Elite Partner Program for 3E and ProLaw
Elite also offers what they call the Elite Partner Program for clients who are interested in finding business opportunities for their law firms. Those who also want to grow their customer base can benefit from this program.
The Elite Partner Program has a wide range of options that law firms can choose from. They can be a trusted resource for other Elite customers by being any of these:
- marketing partner
- technology partner
- referral partner
- reseller partner
- alliance partner
- implementation partner
Partner certification for 3E and ProLaw implementation partners
Law firms that use either 3E or ProLaw and are implementation partners are eligible to get a partner certification. This can be obtained when all their employees have finished comprehensive training and passed all the required tests. These must be employees who interact directly with the law firm’s customers.
Why choose Elite’s 3E?
The software's focus on modernizing how legal work is done makes it a good choice for law firms in Canada. This is especially true for firms that are keen on upgrading their financial management and case tracking. They can also use this cloud-native platform by streamlining their transactions and legal processes. Such can be done through many of its advanced features like the software’s automated workflows and real-time insights.
In connection with that, Elite’s 3E is bent on providing operational efficiency and growth for their clients in the legal sector. As a cloud-native solution, 3E aims to minimize interruptions and become a more powerful tool than its competitors.
Here’s a good reason to give Elite 3E a try: it was named one of the top legal tech, service providers, and products in Canada for 2023.
How Elite’s 3E can help lawyers and law firms
Elite’s 3E is guaranteed to be a helpful tool for law firms that are actively creating ways to improve how they manage their finances and operations. Legal tasks can be simplified by utilizing real-time data that users store within Elite’s 3E. It also boasts strong security for the information it collects.
By bringing together all the important aspects of legal work online within law firms, Elite’s 3E can push these companies to become more productive and profitable. Lgal professionals within law firms will also be able to earn more money and give better service to their clients.
Elite’s 3E is a great way for legal professionals to leverage their work and make it easier—especially if their goal is to increase their profit margin and stay ahead of the competition.
Looking for other software to upgrade your law firm’s business operations? Check out these other reviews for your convenience:
- AbacusLaw
- Amicus Attorney
- CARET Legal
- Clio
- Cosmolex
- esiLaw 360
- Lawcus
- Lawmatics
- Litify
- MyCase
- NextChapter
- PCLaw
- PracticePanther
You can find more articles about how law firms leverage these types of software and other technological advancements in our Legal Technology section.
What do you think about Elite’s 3E? Do you think that its features can benefit your law firm? Tell us in the comments below.
