PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Ardenta Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Trovus Partners with Lucid to Deliver a First in Web & Business Intelligence for Legal and PS Market - Research in the Legal sector shows that with only one partner engaged with a client, that client is four times more likely to churn. The new Trovus-Lucid partnership will deliver innovative technology and solutions to greatly decrease client churn - Trovu
Trovus Partners with Lucid to Deliver a First in Web & Business Intelligence for Legal and PS Market

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/09/14 - Research in the Legal sector shows that with only one partner engaged with a client, that client is four times more likely to churn. The new Trovus-Lucid partnership will deliver innovative technology and solutions to greatly decrease client churn - Trovu.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Trovus, a leading specialist in developing actionable intelligence based on the profiles of organisations visiting your website, today announced a Business Partnership with Lucid Solutions, providers of Business Intelligence analysis and measurement solutions to Legal and Professional Services sectors. The Partnership has been formed to deliver a new innovative solution to Legal and Professional Services organisations enabling them to easily identify valued clients, while significantly decreasing client churn and increasing profitability. The solution will include monitoring and statistical capabilities to measure success rates.

Declan Tyrell, Managing Director of Lucid Solutions, said: “It is common industry knowledge that client churn is a major problem for law firms, with partners across the firm often unaware of each others clients and profiles. Evidence shows that the more partner contacts clients have in a firm the more likely they are to become long term clients, whether the firm is small, medium or large. In other words, with multiple partner relationships, clients are more likely to stay with a law firm. Statistically, the research shows that without intelligent insights into client profiles, up to 80% of a firm’s client workload may be susceptible to attrition, a situation that can be greatly improved if clients have more than one partner relationship.*

Having identified the problem, the Lucid and Trovus Partnership is set to provide an innovative solution. This will enable the Business Development and Marketing functions of Legal and Professional Services firms to identify business opportunities, such as cross-selling services to existing clients, and actively targeting business from their current client base.

Trovus already has a strong presence in the Legal sector, with organisations using its managed services supported by technology to gather web intelligence to build commercial profiles of website visitors, and acting on this intelligence to drive sales, grow revenue, target their marketing and tailor services accordingly. Lucid’s strong capabilities in providing business intelligence insights for organisations, combined with Trovus’s ability to offer web intelligence insights, means that the Partnership will be able to bring highly innovative solutions and consultancy to the Legal sector.

“I believe the functionality of the Trovus software is richer than most in the marketplace today and their managed services are a real differentiator,” said Lucid’s Declan Tyrrell. “Their growing customer base and experience in the Legal sector, coupled with Lucid’s business intelligence tools and services, gives us the ability to offer a unique and strong proposition. It will enable our customers to discover what their clients are looking at on the website, while providing substantial opportunities and creative ideas for exploring intelligence and engaging with clients and prospects going forward.”

Today, there is a strong business relationship between the two companies, based on shared values and a common approach to solving business issues facing the Legal sector. Co-founder and Director of Trovus, Ed Charvet said: “The match between the two companies is an extremely strong one. We are combining complementary strengths that will give Legal and Professional Services customers performance capabilities unavailable elsewhere in the business intelligence and web intelligence marketplace.”

About Lucid Solutions
Lucid Solutions (lucidsolutions.ie) provide Business Intelligence analysis and measurement solutions within the Legal, Professional Services and Accountancy sectors. The company undertakes projects at all levels, covering strategic development, business analysis and profitability analysis, as well as the tactical and operational challenges faced by businesses. Lucid's Business Intelligence solutions help organisations achieve their goals of improved performance, business growth and increased profitability/value by turning data into insight, enhancing and supporting decision making capabilities and optimising business models, operational processes and work practices. Tools and services include data extraction and enhancement, improved budgeting and forecasting, cash-flow maximisation, better business development information, business process and work practice re-engineering, project management and more.

About Trovus
Founded in 2006, Trovus (trovus.co.uk) is a leading specialist in developing actionable intelligence based on profiles of website visitors. Through an innovative approach, Trovus combines web intelligence technology such as its Dashboard with Consultancy Services, working closely with customers to generate increasing value from online intelligence and to maximize ROI on sales and marketing investments. With partners such as OneSource, InterAction, Microsoft Dynamics and dhc, Trovus specialises in helping B2B organisations who sell higher value products and services, ranging from SMEs to corporates. Customers include UK and overseas companies across a wide range of industries, such as technology, legal, telecommunications, marketing services, financial services and training, as well as professional services, property, digital agencies, media and publishing. A privately held company, Trovus is based in Vauxhall, London, UK. Trovus is a trading name of White Label Intelligence Limited.

*Research
Research into Client Attrition Analytics conducted by the Redwood Think Tank between 2005 - 2008. The research came to two conclusions: (1) Firms ought to be aware of their client attrition rates, and have a plan in place to keep the work they consider crucial. (2) Firms with substantial or growing litigation practices should recognize the susceptibility for attrition and plan accordingly.
Research by Lucid Solutions shows that customers are four times more likely to churn where only one partner engaged with a client.

Contacts
Caspar Craven Co-Founder, White Label Intelligence Limited
T: +44 (0)845 450 6864 / E: caspar.craven[.]trovus.co.uk.

Lucid Solutions
Declan Tyrrell, Managing Director
M: +44 (0) 203 411 8361 / E: Declan.tyrrell[.]lucidsolutions.ie.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Ardenta Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Trovus Partners with Lucid to Deliver a First in Web & Business Intelligence for Legal and PS Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Susan Morgan - Ardenta.com 
+44(0)11 8946 3177 susan.morgan[.]smm.clara.net
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ardenta Ltd securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Ardenta Ltd / Company Profile


Read Software Most Recent Related Newswires:

Permanent TSB to Improve Contact Centre Performance and Compliance with Noble Systems Composer Real-Time Speech Analytics
Rush Health Selects InterSystems HealthShare to Integrate Health Records, Support Value-Based Care
CommutAir Leverages The Weather Company, an IBM Business, to Harness the Power of Big Data from the Tarmac
Leading Independent Research Firm Cites TIBCO as a Strong Performer in Insight Platform Report
Saba Named a Leader in Learning and Performance Management
Infor Recognized as Top Retail Software Provider in 2016 RIS News LeaderBoard
IBM Debuts Blockchain Ecosystem to Help Accelerate Growth of Networks on Hyperledger Fabric
IBM Launches New Bluemix Services with GitHub and Slack Integration to Speed App Development in the Cloud
Yellowfin Launches Analytics Industry’s First Virtualized Integrated Data Preparation Module
TIBCO Releases TIBCO Mashery Local API Management Solution for Hybrid Gateway Deployments
Comways and Altitude Highlight Flexible Solutions at Belgium Contact Center Congress
Gruppo Campari Chooses OpenText Business Network for B2B Growth
Infor Delivers Enhanced Mobile Equipment Solution
Mentor Graphics and SiliconIndia Announce 2016 Leadership Awards for the Embedded/VLSI Industry
Korean Retailer Homeplus Optimizes Store Planning with JDA Category Management

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)