Hyperion Research Recognizes Provider’s Leading Positions in Latest MarketView Report
Wolters Kluwer ELM Solutions, the global market leader in transformational, technology-based solutions for legal, compliance, and risk management, has received Market Leader recognition in multiple categories in the latest MarketView™ Report from Hyperion Research. In the updated 2015 MarketView™ Report, Enterprise Legal Management: E-Billing and Matter Management Systems for Corporations, the company’s Passport and TyMetrix 360° solutions received four Market Leader designations and two Highly Innovative designations from Hyperion Research, one of the legal industry’s leading analyst-based market research firm covering the ELM market.
“We are extremely proud that Hyperion has recognized Wolters Kluwer ELM Solutions as a market leader in the enterprise legal management space,” said Glenn Paredes, executive vice president and general manager of the business. “We are deeply committed to innovation in the service of our clients and it is an honor to be acknowledged for surpassing expectations with Passport and TyMetrix 360°. As we advance in the marketplace, we look forward to continuing to bring a rigorous focus to materially enhancing the product and customer experiences across our business.”
The 2015 mid-cycle MarketView™ Report, an update of a December 2014 report, reflects significant changes in the industry, including the impact of the combined Datacert and TyMetrix businesses into a unified Wolters Kluwer ELM Solutions business. Incorporating over 300 hours of industry research and benchmarking, primary interviews, client references and vendor briefings, the report is a valuable resource allowing general counsel and legal operations managers to understand the leading trends in corporate legal department management and the software solutions landscape.
“As Corporate Law Departments of all sizes and requirements continue to transform their operations and focus on quality and performance, ELM solutions are becoming an ever-more critical enabler – and differentiator,” noted Eyal Iffergan, president of Hyperion Research. “As an Advanced Solution provider, Wolters Kluwer ELM Solutions has demonstrated consistent market leadership and innovation across their solutions,” added Iffergan, “and a leading solution option for corporate law departments.
The report named Passport’s GRC module, which helps clients manage and integrate regulatory updates into their current processes, a Market Leader on the basis of superior product features. These include visually inviting dashboards that ensure quick access to relevant and easy-to-understand information. Passport solutions have also been integrated with the company’s Legal Analytics offerings. The report notes that the workflow-driven
spend management features of Passport surpassed expectations thanks to rich modeling and rules management tools that help users accurately capture international invoicing and manage outside counsel effectively.
Additionally, Hyperion Research recognized TyMetrix 360°, a powerful, SaaS-based ELM system with broad matter-management and e-billing functionality, as a Market Leader in Business Intelligence. The report noted that TyMetrix 360°’s best-practice features, which include legal e-billing/spend management, matter management and claims defense, can be used in conjunction with ELM Solutions line of LegalVIEW® legal analytics offerings, which enable legal and insurance claims departments to benchmark and manage performance with their peers and the broader marketplace. The report also cited TyMetrix 360° as a Market Leader in Hosted Infrastructure.
Complimentary copies of the MarketView™ Report are available by clicking the Expert’s Corner TyMetrix Report and Expert’s Corner Passport Report.
About Wolters Kluwer ELM Solutions
Wolters Kluwer ELM Solutions (formerly Datacert and TyMetrix) is the industry pioneer and global market leader in Enterprise Legal Management software and services. Through comprehensive technology solutions and in-depth data and analytics, Wolters Kluwer ELM Solutions helps the largest and best-run legal and claims organizations address the intricate complexities they face and ultimately make better business decisions. Wolters Kluwer ELM Solutions is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 170 countries across Europe, North America, Asia Pacific, and Latin America.