LexisNexis Enterprise Solutions, a provider of technology solutions to professional services organisations, today announced that Veale Wasbrough Vizards, a full service law firm ranked among the top 100 in the UK, has chosen to deploy LexisOne, an enterprise resource planning solution for legal services providers.
Replacing the incumbent practice management system, LexisOne will enable the firm to adopt widely-recognised industry best practices to enhance productivity and improve business efficiency. The solution will also deliver insightful data to facilitate accurate business reporting and timely, strategic decision-making.
LexisOne will be implemented across the firm’s offices in London, Bristol and Birmingham.
VWV chose LexisOne for its Microsoft technology and integrated functionality covering all aspects of a law firm business – from time, travel and expense processing; billing; procurement; purchase; general ledger and legal accounting; and matter planning through to human resource management.
With LexisOne built on the Microsoft Dynamics AX platform, the firm will be well poised to take advantage of all the upcoming Microsoft technologies including cloud computing platform, Azure, Office 2016 and mobile applications.
LexisOne’s well-defined product development roadmap and LexisNexis’ investment commitment also influenced the firm’s decision in the solution’s favour.
“Our practice management system has served us well over the years, but the business environment has substantially changed since we implemented it,” Amanda Loran, head of finance at VWV, commented.
“LexisOne is a modern system that is designed for the current market landscape. It should help us optimise our resources and adopt business practices that are essential to maximising profitability and for effectively working with clients. More importantly, the technology will never be ‘legacy’, which is essential for business continuity.”
Rejecting the traditional tender process for technology selection, VWV invited LexisNexis to jointly work with the firm to help it ‘discover’ the suitability and potential value of LexisOne to the organisation.
LexisNexis conducted numerous interviews and workshops to intricately understand the firm’s requirements and subsequently demonstrated the best approach to the solution for VWV.
“The approach to solution selection that VWV has taken is truly refreshing. It enabled us to recommend a solution that met the firm’s requirements and VWV was able to see first-hand the difference between a traditional practice management system and an ERP solution,” Andy Sparkes, general manager, LexisNexis Enterprise Solutions said.
“We are delighted with the traction LexisOne is gaining with law firms. They are clearly recognising the value of an ERP-approach to business operation because it delivers benefits in the form of profitability, competitive advantage, flexibility and agility.”
LexisOne is an ERP solution for law firms, which goes beyond traditional practice management. LexisOne helps firms proactively manage costs, prepare and track matter budgets, improve control, make informed decisions and optimise resources to deliver greater value to clients.
Powered by Microsoft Dynamics AX, LexisOne harmonises financial, human resources, productivity and performance management to provide the insight, flexibility and scalability that firms need to rapidly adapt in an ever changing world.