Elite, a leading provider of financial management solutions for law firms, has announced the acquisition of Tranch, an advanced B2B payments platform. This strategic move expands Elite’s SaaS portfolio and furthers its mission to drive digital transformation across law firms globally.
A New Era in Payment Automation
Founded in 2021 by Philip Kelvin and Beau Allison, Tranch has rapidly become a leader in invoice automation. The platform offers seamless payment solutions that allow law firms to streamline their billing processes, reduce cash collection cycles, and enhance profitability.
Tranch’s unique payment options, Pay Now, Pay by Card, and Pay Later, offer flexibility for clients while improving cash flow. With integration into Elite’s suite of services, law firms will gain more efficient ways to manage their finances and reduce payment delays.
Enhanced Financial Management for Law Firms
Mark Dorman, CEO of Elite, expressed enthusiasm over the acquisition, emphasizing how it will further enhance the operational efficiencies of law firms. “Tranch is revolutionizing payment processes, and by integrating their products, we offer our customers greater flexibility in managing their work-to-cash process,” said Dorman. This acquisition is expected to reduce payment delays, increase cash flow, and ultimately boost the profitability of law firms.
Rapid Innovation and Global Expansion
Philip Kelvin, CEO of Tranch, shared his excitement about joining Elite. “We are thrilled to bring our product-led innovation to a larger audience. In 2024, we tripled our payment volume, facilitating easier payments for the world’s largest law firms, including Elite’s customers,” said Kelvin. The partnership is set to accelerate growth for law firms by enhancing their financial operations with more visibility and better revenue cycle management.
With this acquisition, Elite strengthens its position as a leader in providing law firms with the tools necessary to stay ahead in a competitive marketplace. As technology continues to shape the future of legal operations, the partnership with Tranch will drive further innovation and growth across the legal industry.
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