Wolters Kluwer ELM Solutions Updates Award-Winning Solutions

Rhea-AI Summary

Wolters Kluwer ELM Solutions is set to unveil significant updates at the virtual ELM Amplify 2021 conference, enhancing its TyMetrix 360° and Passport product lines. The new TyMetrix 360° features include integration capabilities with Microsoft Office, a Data API for seamless connection with existing technologies, and enhanced reporting tools. Additionally, Passport 21.2 adds support for eDocs and updates to its collaboration features. These advancements aim to improve efficiency, reduce operational costs, and support corporate legal departments in managing their workflows effectively.

Positive

• Introduction of TyMetrix 360° Office Companion streamlining task management within Microsoft Office applications.
• Release includes a Data API, facilitating integration with existing organizational technologies.
• Enhanced features aim to save time and reduce costs of custom integrations.

Negative

• None.

ELM Solutions to announce updates at annual user conference ELM Amplify 2021

HOUSTON--(BUSINESS WIRE)-- Wolters Kluwer ELM Solutions, the market-leading provider of enterprise legal spend and matter management, contract lifecycle management and legal analytics solutions, will today announce updates to its award-winning legal technology solutions. The updates will be shared with delegates at its virtual, premier user conference ELM Amplify 2021.

Details of TyMetrix 360° Version 21.2 will be unveiled at the conference, including TyMetrix 360° Office Companion, with matter management capabilities. Users will now be able to manage their matter portfolios directly from Microsoft Outlook^®, Word^®, Excel^®, or PowerPoint^®, empowering users to work where they already spend most of their day. The feature will help users save time, improve efficiency and streamline matter management workflows by eliminating the need to switch between multiple systems. Clients will also benefit from an easy to use and intuitive interface, promoting greater usage and adoption.

The TyMetrix 360 release will feature additional enhancements, including:

• The TyMetrix 360° Data API, allowing for a seamless connection with the most commonly-used technologies within an organization on a single, secure and collaborative framework, enabling automated flows of data and processes between TyMetrix 360° and an organization’s technologies
• A reduction in time and costs required to build custom integrations, eliminating the need for the manual transfer of data
• Updates to the CLM Matrix Integration with TyMetrix 360°, Legal Holds Module enhancements, as well as new dynamic reporting.

ELM Solutions will also unveil features of its Passport 21.2 release, which expands the management connector portfolio to now include eDocs, as well as the prior SharePoint Online Connector, released in Summer 2021. Clients using eDocs or SharePoint Online for content management will now be able to seamlessly control matter-related documents and email. They will also be able to search, store and work with documents in either document management system without leaving Passport or Outlook.

The Passport release will also include:

• Updated self-service subscription reports for law firms via Passport Collaboration Portal
• Supplemental reports that give administrators the ability to self-audit the subscription invoices they receive from ELM Solutions, allowing law firms to audit data for clients with non-standard billing models and enabling clients to reassign an invoice from one matter to another.

ELM Solutions, part of Wolters Kluwer’s Governance, Risk & Compliance division, provides a comprehensive suite of tools that address the growing needs of corporate legal operations departments to increase operational efficiency and reduce costs. Corporate legal and insurance claims departments trust its innovative technology and end-to-end customer experience to drive world-class business outcomes. The other legal solutions business of Wolters Kluwer GRC is CT Corporation.

Wolters Kluwer ELM Solutions was named a leader in both the IDC MarketScape: Worldwide Enterprise Legal Spend Management 2020 Vendor Assessment and IDC MarketScape: Worldwide Enterprise Matter Management 2020 Vendor Assessment. The company’s award-winning products include Passport^® and TyMetrix^® 360°. CLM Matrix, meanwhile, was named a “strong performer” in The Forrester Wave™: Contract Lifecycle Management For All Contracts, Q1 2021 report. ELM Solutions’ LegalVIEW^® portfolio of legal analytics solutions is based upon the industry’s largest and most comprehensive legal spend database, with more than $140 billion in invoices.

About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,200 people worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005162/en/

Media Contact for Wolters Kluwer GRC

(including Wolters Kluwer ELM Solutions and Wolters Kluwer CT Corporation)

Paul Lyon

Global Corporate Communications Director

Governance, Risk & Compliance Division

Wolters Kluwer

Office +44 20 3197 6586

Paul.Lyon@wolterskluwer.com

Source: Wolters Kluwer

FAQ

What are the updates announced by Wolters Kluwer ELM Solutions at ELM Amplify 2021?

Wolters Kluwer ELM Solutions announced enhancements to TyMetrix 360° and Passport, including Office integration, new APIs, and improved reporting features.

What is the purpose of TyMetrix 360° Office Companion?

The TyMetrix 360° Office Companion allows users to manage matter portfolios directly from Microsoft Office, improving efficiency and streamlining workflows.

How will the Data API benefit TyMetrix 360° users?

The Data API enables seamless integration with other technologies within an organization, automating data flows and processes.

What is new in the Passport 21.2 release?

Passport 21.2 adds support for eDocs, enhancing document control and collaboration for users.

What was Wolters Kluwer ELM Solutions recognized for?

Wolters Kluwer ELM Solutions was named a leader in IDC MarketScape assessments for Enterprise Legal Spend Management and Matter Management.