Elite Information Systems, Inc., part of The Thomson Corporation and a worldwide provider of integrated practice and financial management systems to professional services firms, announced the availability of Elite Business Intelligence, the newest addition to its financial and practice management system. Elite Business Intelligence, which is fully integrated with the Elite system, provides a comprehensive set of solutions that simplify retrieval, reporting and analysis of crucial information for professional services firms. Elite developed this product using high-end reporting tools from Business Objects, the world's leading provider of business intelligence solutions with a global customer base that includes 88 of the Fortune 100, and bundling them with proprietary analytical tools, templates and reports. Elite's extensive library of pre-built reporting tools and new features greatly enhance the ability of professional services firms to create and deliver critical business intelligence information.

Today's professional services firms are responding to increased competition by seeking tools that facilitate quick and highly accurate decision making, resulting in higher profits and improved productivity. Elite created a solution that tightly integrates critical data management tools, including a full Business Objects toolset suite with unlimited access licenses, an online real-time data warehouse, report management, a prebuilt package of sophisticated management reports and profitability analytics, a flexible cost- rate modeling, calculating and forecasting engine to drive profitability metrics, and an automated email notification system for subscription-based delivery of data on key business indicators.

"Business intelligence delivers the promise of automation for the professional services industry. The tremendous focus on corporate governance and financial accountability today means the mere production of invoices and financial statements is not sufficient," said David Hofferberth, research director for Aberdeen Group. "My clients are looking for information and analytics to allow better diagnosis, planning and forecasting leading to more profitable performance. Elite's partnership with Business Objects is well timed and provides a very robust reporting tool, plus the creation of a real- time data warehouse and a full complement of standard reports. I expect that this solution will be very well received in the marketplace."

The Elite Data Warehouse simplifies the process of locating important information, allowing users to retrieve and use financial data without having to understand complex database structures. A massive set of key statistics is added in real time, ensuring accuracy without compromising historical information.

Through its partnership with Business Objects, Elite incorporated extensive report development capabilities into Elite Business Intelligence. Business Objects streamlines the collection of data using advanced query technology that simplifies data access and provides intuitive on-screen formatting that enables easy creation of professional-looking reports. Reports created using Business Objects can combine data from the Elite financial system as well as other data sources, including OLAP servers, Excel spreadsheets and XML. These reports are highly flexible, and can be analyzed from a variety of perspectives and modified with ease. Other highlights of Business Objects include web and client/server access, web portal for publishing and delivering reports, integrated query, reporting and analysis tools, multicurrency and multilanguage capabilities and powerful administrative features for security, scheduling and user-management functions.

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