Wolters Kluwer ELM Solutions Named Legal Operations Company of the Year; Recognized for Pre-eminent Product Management and Technology Capabilities

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, has won five independently judged industry awards celebrating its dedication to excellence and innovation. The awards reflect its industry leading capabilities across product management and marketing, as well as the company’s technology prowess.

Corporate Vision magazine has named ELM Solutions its Legal Operations Company of the Year as part of its well followed and highly competitive Technology Innovator Awards, 2021. The magazine’s editorial board has also awarded the company its Best Use of Artificial Intelligence (AI) in Legal Technology award and recognized the company’s ongoing commitment to client service with its Product Management & Marketing Team of the Year accolade.

New World Report, meanwhile, has also named ELM Solutions its Legal Operations Technology Firm of the Year, as part of its Legal Elite Awards, 2021. The publication’s judges also recognized ELM Soutions’s LegalVIEW® BillAnalyzer, with the Best Use of AI trophy. Both Corporate Vision and New World Report are published by AI Global Media, the international publishing house founded in 2010. AI Global Media awards are all free to enter with recipients judged entirely on merit by expert editorial panels.

LegalVIEW® BillAnalyzer, has received several notable awards in recent years and helps corporate legal departments manage legal invoices from outside counsel partners more efficiently, resulting in up to 10 percent cost savings and up to 20 percent improvement in billing guideline compliance.

“The talented team at ELM Solutions continues to demonstrate exceptional client service levels, pioneering cutting edge technology that has a real-world impact. These awards reflect our dedication to excellence and innovation,” said Barry Ader, Vice President, Marketing and Product Marketing, Wolters Kluwer ELM Solutions. “It is an honor to be named Legal Operations Company of the Year and I’d like to thank AI Global Media for its ongoing recognition of our superior capabilities, as well as the exceptional work of my marketing and product management team. We have enjoyed a record half year when it comes to industry recognition and I look forward to ensuring our valued clients continue to benefit from our full array of services and solutions.”

ELM Solutions is part of Wolters Kluwer’s Governance, Risk & Compliance division. The company 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.

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®, one of the highest rated ELM solutions in the latest Hyperion MarketView^™ Legal Market Intelligence Report and TyMetrix® 360°, the industry’s leading SaaS-based e-billing and matter management solution. 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.