STP ranks 1st in Vendor Selection MatrixTM

Research in Action regularly surveys more than 10,000 IT and business executives to gain insights into strategies, investments and challenges of technology innovations in the field of IT and marketing automation. This survey is the basis of what is known as the Vendor Selection Matrix™. For the current report on the most important legal tech solutions, the analysts surveyed 750 lawyers and partners in the DACH region. The providers with the best customer ratings were included in the detailed study.

STP achieved top marks and a high recommendation index both in terms of strategic orientation on vision & marketing, innovation & differentiation, stability & revenue power. But the results were also above average regarding the questions on implementation, i.e. the breadth and depth of the solution portfolio, market share, growth potential and value for money.

Research in Action’s assessment states, "STP has several law firm software solutions on the market, due to a series of acquisitions. This disadvantage was recognized by STP and product harmonization is well underway. The current portfolio coverage and future portfolio direction are very good. The law firms particularly appreciate STP’s service orientation. The customers in our survey gave STP the highest score for both client satisfaction and value for money." From this, the analysts derive a fundamental leadership claim: "STP scores with strong know-how in the digitalization of law firm processes and a deep understanding of current and future customer requirements. As a result, the company achieves high customer satisfaction and will continue to establish itself at the top of the law firm software market long term."

Fabian Henzler, VP Product at STP Group: "With our solution portfolio, we want to facilitate legal work and help law firms and lawyers to set up their processes and structures in a future-proof way. Customer feedback plays a very important role for us, as we have always been very close to the clients demand when developing our solutions. This is one of our fundamental success factors and has certainly helped us to score so well in the Vendor Selection MatrixTM compiled by the analysts at Research in Action."

More information about the Vendor Selection MatrixTM for law firm management software can be found here: https://www.stp-online.de/…

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Research In Action GmbH is a leading independent research and consulting firm in the field of information and communication technology. The company offers both future-oriented as well as practical consulting for companies and solution providers. More information here: researchinaction.de/