Lauded for its vision comprehensive platform approach and sophisticated implementation methodology
Mitratech, the leader in Collaborative Accountability applications including matter management, e-Billing, and GRC management automation, has been recognized as an Advanced Solution Vendor in Hyperion Research's enterprise legal management report, "MarketViewTM Report: eBilling and Matter Management Systems for Corporations." According to Hyperion Research, an Advanced Solution provider "demonstrates significant strength in both product functionality and overall solution capabilities; meets or exceeds all Key Solution Components; has a strong record of client satisfaction and market share; provides a consistent flow of valuable enhancements; has a highly regarded management team and organization; and has demonstrated financial stability."
In the development of its MarketView report, Hyperion Research identified 20 legal e-Billing and matter management vendors. Mitratech and the TeamConnect®Collaborative Accountability Platform was one of only six solutions identified as Advanced Solutions. Mitratech received particular Market Leader recognition for the overall breadth of solution, providing the most complete set of ELM modules and a development platform for custom applications and interfaces; as well as implementation supported by its extensive set of pre-defined templates and configuration tools. Mitratech also received the Highly Innovative recognition in reporting, for easy ad hoc coverage and flexibility for custom analytics and auto delivery.
The MarketView ™ Report further found that Mitratech possesses the following notable capabilities:
- Market-driven approach: Mitratech was recognized for its strong market vision based on their consistent enhancements and continued growth aligned to market needs. The report states that, "Mitratech has a market-driven approach to product development based on 20+ years experience and active industry participation, [and their] product road map is set by market research and client input."
- Consistent Technology Growth: TeamConnect provides 3-tier, object-oriented, browser-based, enterprise software infrastructure for Web enabled management solutions. Through TeamConnect's Graphical User Interface (GUI), business users are able to configure new, full featured solutions entirely on their own, without relying on systems programming experts. Additionally, its scripting language allows users to define supplementary business rules paired with TeamConnect's standard functionality. In its review of Mitratech's technology, Hyperion Research noted, "an ambitious product roadmap [that] will continue a steady flow of enhancements in areas such as usability (deep Outlook integration), internationalization, development tools and extended ELM practice area support…Important technology architecture upgrades were completed to add additional flexibility, extend web services, and improve the robustness of TeamConnect's externally hosted and SaaS-based capabilities."
- Competitive Positioning in the EU Market: With users in more than 150 countries, TeamConnect is uniquely positioned to provide full visibility into global matters (litigation, transactions, and contracts), risks, expenses, performance, and compliance issues. Hyperion Research recognized Mitratech's future plans to expand their international clientele further within the next few years, stating, "For international clients, TeamConnect's latest release—and future releases in 2012-13—have well-positioned Mitratech to offer a competitive solution, particularly in the emerging EU market. Investment in European-based operations is a critical element to Mitratech's strategy and success in these new markets."
- Excellent Client Support: In speaking with Mitratech client references, Hyperion Research found that, "in [their] client interviews, the strength of TeamConnect's platform-based model was validated by the broad range of client case studies in the use of TeamConnect to support highly unique legal, regulatory and legal-to-business interactions. In describing their selection of TeamConnect, those clients with more sophisticated requirements felt that Mitratech stood alone in its ability to meet their needs."
Recognized as one of the most comprehensive Enterprise Legal Management (ELM) solutions in the market, Mitratech's TeamConnectTM meets exceedingly high standards of data integrity, protection and auditing. Used by Fortune 500 corporate legal departments, and by thousands of law firms around the world, TeamConnect has become a standard for connecting teams, coordinating work, and managing collective knowledge. By combining e-Billing and matter management into one integrated solution, the TeamConnect platform enables organizations to cut costs and improve operational efficiency, as well as addresses organizations' expanding governance, risk and compliance (GRC) automation needs.
"Mitratech pioneered legal automation solutions and continues to lead the market through our vision for collaborative accountability, robust Team Connect platform, rich functionality and exceptional client support," said Eric Thurston, President of Mitratech. "We are pleased to see Hyperion Research recognize that Mitratech is leading the way in meeting the most sophisticated needs of legal organizations today."
The MarketView reports from Hyperion Research provide independent, proprietary analysis and insight into the leading trends, best practices, and market-defining issues that are driving success in technology and the practice of law. For additional information about the "MarketViewTM: e-Billing and Matter Management Systems for Corporations" report visit: http://www.hgpresearch.com/ebil/ebil_mv_summaryreport.
About Mitratech
Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. With team-oriented domain applications in legal process automation, governance, risk, compliance and security, Mitratech's TeamConnect Collaborative Accountability Suite improves transparency of financial reporting, reduces exposure to risk, sharpens operating discipline, and improves information security and the efficiency of enterprise processes. Our Collaborati browser application also meets the accountability and collaboration needs of proliferating extraprise teams, wherein vendors, partners and service providers often have to be included in sensitive teamwork projects such as electronic billing, legal hold and collaborative budgeting, or those which expose your business to liability. To learn more, visit http://www.mitratech.com.
Contacts:
Mitratech
Rachel Arnold, 323-900-1700
Rachel.arnold@mitratech.com
or
Lois
Paul & Partners
Maribel Lopez, 781-782-5719
maribel_lopez@lpp.com
