Case Study: Steptoe & Johnson achieves accurate, automated budgeting and faster financial reporting with Thomson Reuters Elite xcelerate Budgeting & Forecasting

Investing in xcelerate Budgeting & Forecasting for Long-term Reliability

Steptoe & Johnson PLLC, a 300‑attorney U.S. law firm across 14 offices, needed to replace a manual, spreadsheet‑based budgeting process that was time‑consuming and prone to error. Finance leaders wanted an industry‑specific, integrated solution to automate budgeting, forecasting and financial reporting while reducing risk and improving visibility.

They implemented Thomson Reuters Elite’s xcelerate Budgeting & Forecasting (OLAP Vision) — an Excel‑embedded, 3E/Enterprise‑integrated tool — which automated data retrieval, enabled versioning and rolling forecasts, and restricted user access for clarity. The firm now generates detailed, office‑level reports in seconds, easily compares budgets to actuals, drills into transaction detail, and has reduced manual effort and error while gaining scalable, ongoing vendor support.

Steptoe & Johnson

Kelly Henderson

Director of Finance