Wolters Kluwer’s ELM Solutions, has outlined details of the legal software it provides for Wells Fargo in a client case study. The bank will specifically use the ELM Solutions Passport solution “to enhance the Corporate Legal Desktop application” Wolters Kluwer says.
The client case study, published by Wolters Kluwer, notes that “Wells Fargo has an expansive legal team that required matter management for the entire legal department, not just litigation, as well as a smoother invoicing and e-Billing process. By uniting all of their systems that manage legal, risk, and compliance activities on a single platform, and using unique training opportunities to speed up system adoption and empower users, Wells Fargo broke down the silos to work efficiently and effectively across many teams.”
Wolters Kluwer says its Passport® applications allow clients to “gain visibility into legal spend to better control costs with dashboards and reporting; inform strategic decision making to improve matter outcomes and mitigate legal risk and to tighten collaboration with legal service providers to streamline work and improve communication.”
Wolters Kluwer adds that its goal with Wells Fargo is to “unite all the bank’s systems that manage legal risk and compliance activities “on a single secure and collaborative framework.” It adds that the bank will “use data across systems and departments to mitigate risk and more strategically manage legal matters, insurance claims, compliance, and their associated costs.” The bank will also be able to “radically evolve their technology to support new or unique business needs.”
In May 2017 Wolters Kluwer appointed Jonah Paransky as Executive Vice President and General Manager of the Houston-based ELM Solutions business. Paransky has held several senior leadership roles with LexisNexis, including Vice President and Managing Director, Product Management of their Business of Law Software Solutions and Managed Technology Services group. Paransky was most recently the CEO of SkyTouch Technology, a Software as a Service (SaaS) provider of property management systems for hotels. At SkyTouch, he led the development of the firm’s comprehensive market, business and sales strategies.
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments. The division’s prominent brands include: AuthenticWeb™, Bankers Systems®, BizFilings®, Capital Changes, CASH Suite™, CT Corporation, CT Lien Solutions, ComplianceOne®, Corsearch, Expere®, GainsKeeper®, LegalVIEW®, OneSumX®, Passport®, TyMetrix® 360, Uniform Forms™, VMP® Mortgage Solutions and Wiz®.
Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.