Pinnacle US has continued its rapid growth in 2019 with client implementations of Thomson Reuters Elite 3E Financial Reporting, Budgeting and Forecasting, and Profitability (all formerly part of the xcelerate brand from OLAP Vision).
Each of these 3E modules provides improved capabilities relative to previous offerings, including a significantly better user experience provided by familiar Web- and Microsoft Excel-based interfaces.
Bob Beach, Pinnacle US CEO comments: “Earlier this year we saw a tremendous opportunity to help firms with their xcelerate projects. There was – and continues to be – significant demand to implement these solutions. We’ve been involved with over 12 client projects since April, with no sign of a slow down.”
Most firms are initially licensing 3E Financial Reporting and 3E Budgeting and Forecasting together. However, Pinnacle recommends starting with a first phase financial reporting project as a way to get familiar with the technology and get a quick win. When possible, the second phase budgeting and forecasting project can be scheduled to lead into the firm’s next budgeting cycle. This is the approach Pinnacle is following as they continue their internal implementation of these modules.
Pinnacle sees 3E Profitability, which includes cost rate analysis and profitability metrics delivered through 3E Data Insights, as the next wave. “With the continued focus on pricing and profitability optimization, firms need comprehensive solutions like 3E Profitability to give them the real-time insights they need to run their businesses,” continues Bob. “Then, as they move into more disciplined matter management, the cost information from 3E Profitability feeds directly into Panoramic – everything is joined up. With our experience with 3E, the xcelerate suite, Data Insights, and now Panoramic, Pinnacle is uniquely positioned to help firms get the most of their investments.”
If you are interested in learning more about 3E Financial Reporting, Budgeting and Forecasting or Profitability, please contact Bob Beach.