Elite completed the acquisition of Tranch.

Elite, a provider of financial management and business operations solutions, completed the acquisition of Tranch, a B2B invoice automation and payments platform. Financial terms were not disclosed. “At Elite, our focus is on providing law firms the SaaS solutions they need to lead their business into the future with confidence, and help them gain operational efficiencies, optimize resource allocation and improve expense management. Tranch is an innovative leader that is revolutionizing payment processes for law firms, and we look forward to welcoming Philip, Beau and the entire Tranch team to Elite. By embedding Tranch’s products within our portfolio of SaaS solutions, we will offer our customers greater choice and flexibility in managing their work-to-cash process, which will help law firms reduce payment delays, increase cashflows and, ultimately, boost profitability,” Mark Dorman, Elite CEO.