LegalMay 01, 2019

Wolters Kluwer’s ELM Solutions introduces AI-enabled Intelligent Invoice Conversion

New Passport® and TyMetrix® 360° releases offer enhanced analytics and user experience.

Wolters Kluwer’s ELM Solutions announced the launch of Intelligent Invoice Conversion, a new managed service that uses artificial intelligence (AI) and human expert review to convert paper and PDF invoices into Legal Electronic Data Exchange Standard (LEDES) files that are submitted electronically through ELM Solutions’ Passport and TyMetrix 360° e-billing solutions.

“As pressure mounts on legal departments to increase efficiency, it is critical that companies have a comprehensive view of e-billing and data analytics to guide spend and matter management decisions,” said Barry Ader, Vice President of Marketing and Product Management for Wolters Kluwer’s ELM Solutions. “This latest example of AI-powered service highlights our ability to make a meaningful impact on our customers' business through advanced technology. Intelligent Invoice Conversion enables 100 percent electronic billing, empowering corporate legal and claims departments with better visibility to track and manage their outside counsel. Now, companies can have a complete view of their outside counsel legal spend.”

Leveraging leading-edge technology to respond to the needs of our customers, the releases of Passport 19.1 and TyMetrix 360° 2019.1 include three key innovative enhancements in business intelligence and analytics capabilities.

  • LegalVIEW® dashboards for Passport have been expanded to include operational management and inventory management dashboards, providing both business intelligence and at-a-glance views of key performance metrics and analytics for legal operations.  
  • Legal Holds modules have been enhanced to give corporate legal and claims departments greater visibility and control of their legal holds by adding support for per-hold notifications, enabling proxy acknowledgements and supporting silent or confidential holds.
  • With Office Companion Smart Assist, TyMetrix 360° users can now approve, adjust or reject invoices from within their Microsoft Outlook inbox. In this release, Smart Assist has been enhanced to support additional browsers and mobile devices, as well as new single sign-on options.

Wolters Kluwer’s ELM Solutions is the market-leading provider of enterprise legal spend and matter management and legal analytics solutions. Corporate legal and insurance claims departments and their law firms worldwide trust our flexible, multi-solution approach to help control costs, collaborate more effectively, and drive better outcomes. This includes Passport, the highest rated ELM solution in the  Hyperion MarketView™ Legal Market Intelligence Report; TyMetrix 360°, the industry’s leading SaaS-based e-billing and matter management solution; and the LegalVIEW portfolio of legal analytics solutions based upon the industry’s largest and most comprehensive legal spend database, with more than $128 billion in invoices.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.