Wolters Kluwer’s ELM Solutions Wins Prestigious Software Award

Corporate Vision magazine has awarded Wolters Kluwer’s ELM Solutions its prestigious Best International Legal Services Software award.

Through comprehensive technology solutions, in-depth data and analytics, and professional services, Wolters Kluwer’s ELM Solutions helps the largest and best-run legal and claims organizations address the intricate complexities they face and ultimately make better business decisions.

“We are delighted to receive this award for the innovative portfolio of legal technology and service solutions we offer,” said Glenn Paredes, executive vice president and general manager, ELM Solutions. “We focus on transforming the customer’s experience of legal management via our expertise and a selection of customized technologies. It is an honor to be recognized for that work.”

The award is part of Corporate Vision’s Technology Innovator Awards program, which recognizes companies around the world for technical advances across industries. U.K.-based Corporate Vision magazine is published monthly and is read by more than 130,000 professionals across a wide range of sectors globally. The publication’s award winners are decided by votes gathered from its network of industry partners and in-house research.

“Technology has steadily become a vital part of many businesses across the world, transforming the ways in which we work,” note the editors of Corporate Vision. “Our Technology Innovator Awards highlight the individuals behind these ongoing and world-changing developments, and place the spotlight squarely on the most deserving firms and individuals.”

As previously reported Wolters Kluwer’s OneSumX was also named Best International Financial Services Software provider as part of the same award series. Both OneSumX, part of the firm’s Finance, Risk & Reporting (FRR) business, and ELM Solutions sit within the firm’s Governance, Risk & Compliance Division, headed by CEO Richard Flynn. Parent company Wolters Kluwer N.V. provides information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. The company reported 2015 annual revenues of €4.2 billion and serves customers in more than 180 countries, employing some 19,000 people worldwide.

Last month Wolters Kluwer’s ELM Solutions announced it is bringing greater efficiency, collaboration and software usability to corporate legal departments with Passport® Office Companion. ELM Solutions’ Passport solution now features an interface that enables legal professionals to manage their legal workflows directly from familiar Microsoft Office Suite of products. And in July the firm said it has processed more than $80 billion in legal invoices through its solutions, and that data is available to harvest for customer insights via the LegalVIEW^® database. According to the firm’s website Wolters Kluwer’s ELM Solutions has a global workforce of more than 500 people, customers across 190 countries, and has completed more than 700 implementations of its software. ELM Solutions’ financial services clients include AXA, Aon and Wells Fargo.

Developments within its other GRC business lines, meanwhile, includes July’s news that Lebanon’s Blom Bank has chosen Wolters Kluwer’s OneSumX to provide it operational risk software solution. And in June the firm reported that Taiwan Business Bank’s Wuhan, China, branch has selected OneSumX Regulatory Reporting solution for its increased regulatory reporting requirements. Just today, meanwhile, the firm’s FRR business also announced that BGFI Bank, the Gabon-based financial services conglomerate, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting software for its French and European Banking Authority reporting obligations.