Wolters Kluwer Named a Leader in Spend and Matter Management in IDC MarketScape Reports
Wolters Kluwer's ELM Solutions, the market-leading provider of enterprise legal spend and matter management, contract lifecycle management, and legal analytics solutions, today announced that it was named a leader in both the IDC (News - Alert) MarketScape: Worldwide Enterprise Legal Spend Management 2020 Vendor Assessment (Doc #US45943920, July 2020) and IDC MarketScape: Worldwide Enterprise Matter Management 2020 Vendor Assessment (Doc # US45943820, July 2020). The IDC MarketScape evaluated a field of over nine companies and named Wolters Kluwer a leader based on their three to five year strategy and the capabilities of current offerings.
In recent years, legal departments have transformed to become strategic business stakeholders that enable organizational growth. As the role of the legal department has evolved, legal operations professionals are demanding technology that drives efficiency, offers enhanced capabilities, analytics and opportunities for significant cost management. According to the IDC MarketScape: Worldwide Enterprise Legal Spend Management report, "Wolters Kluwer has deep analytics and AI capabilities that leverage their $130 billion in legal spend under management to provide all their end users with deep benchmarking data. Wolters Kluwer also leverages this spend under management to provide predictive insights for clients to help guide settlement and budgetary decisions."
"We are very proud to be recognized by the IDC MarketScape as a leader in both the Spend and Matter Management categories based on feedback from our customers and our product strategy," said Jonah Paransky, Executive Vice President & General Manager for Wolters Kluwer's ELM Solutions. "These important positionings reflect our deep understanding of how our customers work, dedication to exceptional customer service and innovative portfolio of products that deliver world-class business outcomes for our corporate legal and insurance claims department clients."
Wolters Kluwer's ELM Solutions was given high marks for helping corporate legal and claims department save money and increase efficiency with an innovative suite of solutions and services that leverage advanced technology right within the legal workflow. IDC recognized solutions and features including:
About Wolters Kluwer Governance, Risk & Compliance
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 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.
About the IDC MarketScape
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