Case Study: Colin Biggers & Paisley achieves faster reporting, increased productivity and reduced costs with Thomson Reuters Elite xcelerate Budgeting and Forecasting

Boosting Productivity and Reducing Costs With Xcelerate Budgeting and Forecasting

Colin Biggers & Paisley is a long-established Australian commercial law firm (founded 1900) with 67 partners and 460 staff across Sydney, Melbourne and Brisbane. By 2016 its Excel-based budgeting and forecasting process had become slow, error-prone and unable to handle growing data and multi-user needs, creating version-control issues and limiting reporting detail and timeliness.

The firm implemented xcelerate Budgeting and Forecasting from Thomson Reuters Elite, integrating it with 3E and the HR/payroll system via a rapid implementation approach. The new solution replaced manual spreadsheets with concurrent user access, version control, drill-down reporting and dashboards—cutting month-end reporting from three days to under an hour, trimming about three weeks from the budget cycle, and improving accuracy, productivity and financial decision-making while enabling more detailed practice-level profitability and rolling forecast reporting.

Colin Biggers & Paisley

Graeme Walsh

Chief Financial Officer