OLAP Vision, Author at OLAP Vision

Near 200% YoY Growth, xcelerate is still roaring ahead for another record year

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In addition to the rapid growth of xcelerate, 3E and several other Elite solutions continue to gain significant ground in the marketplace.

Aug 17, 2017, Thomson Reuters Elite, part of Thomson Reuters Legal, today announced latest figures that highlight its continued success across the global legal industry in 2017. 90% of Am Law 200 firms, 92% of Global 100 firms, and 62% of UK Top 100 firms now use at least one product in the Elite Enterprise Business Management Solution, continuing the trend for strong accelerated growth for Elite worldwide.

In total, 216 law firms have selected the market-leading 3E® financial and practice management system, thanks to the leading technological capability and improved functionality of the 3E platform. Overall, 137 organizations have gone live on 3E, with 13 new go-lives in the last six months alone. 29% of these live clients have transitioned from the Elite legacy Enterprise® solution, with 36 firms having transitioned in the last two years, underscoring the growing success of the migration to 3E. Global firms that have signed up to 3E include:

  • Jingtian & Gongcheng, a leading Chinese law firm staffing more than 350 lawyers
  • Enable Law, a standalone medical negligence practice from Top UK 100 law firm Foot Anstey LLP
  • Morris, Nichols, Arsht & Tunnell LLP, a law firm that employs 100 lawyers in its office in Wilmington, Delaware
  • Barlow Robbins, a UK-based law firm operating from three offices in Surrey
  • Brabners LLP, a UK law firm employing more than 200 lawyers across its offices in Liverpool, Manchester, and Preston

In addition to the rapid growth of 3E, several other Elite solutions continue to gain significant ground in the marketplace, including xcelerate Budgeting and Forecasting, a solution strategically designed to help firms protect profits. Within the last year, xcelerate has signed up 38 firms pushing close to 200% growth compared to the previous 12 months and is on pace for another record year. Read More…

Register for a personal demo today at sales@olapvision.com or www.elite.com/xcelerate, or
Join us for our session at Vantage – Sydney 2017

TUESDAY, OCTOBER 10, 2017
xcelerate Budgeting and Forecasting and NEW Cost to Serve module
Room: TBD
Time: 4:15pm – 5:15pm

Growth keeps xcelerating in 2017 – 400% increase in three years

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xecelerate is seeing record YoY growth in three consecutive years in North American, EMEA, and APAC 

Thomson Reuters Elite, part of Thomson Reuters Legal, announced that the momentum of 3E® and Enterprise® firms adopting xcelerate Budgeting and Forecasting continues apace in 2017 with 44 adopting the solution in the last year. Adoption of the market-leading xcelerate solution, which is the only Microsoft® Excel® and web-based budgeting and forecasting application built specifically for legal and professional services, has also doubled in each of the past three years with an over 400% increase in 3E® and xcelerate bundled deals.

More than half of the clients that rely on xcelerate to review their productivity and profitability rank in the Am Law 200, with 20+ of these firms being in the Am Law 100. xcelerate also counts among its clients six top global law firms that generate annual revenues of $1.1 billion to more than $3.5 billion.

Furthermore, xcelerate has achieved unprecedented success in the three key customer regions of North America, APAC and EMEA, with Q1 2017 client adoption already double that of all of 2016.

“The fantastic pace of xcelerate adoptions in existing 3E and Enterprise clients in the past year is immensely gratifying,” said Bill Burch, vice president of Sales at Elite. Read the full article.

Register for a personal demo today at sales@olapvision.com or www.elite.com/xcelerate, or

Join us for our session at Vantage – Orlando 2017 

WEDNESDAY, JUNE 7, 2017

xcelerate Budgeting and Forecasting and NEW Cost to Serve module

Room: Floridian Salon K

Time: 11:00am – 12:00pm

OLAP Vision Continues Sales Momentum with Triple Digit Revenue Growth in 2016

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Company Significantly Increases Customer Base and Expands Product, Sales and Support Teams

Toronto, Canada – February 9, 2017 OLAP Vision, the go-to legal and professional services planning and corporate performance software provider, announced today another record-breaking year for revenue growth in 2016 with over 100% growth compared to the same period in 2015. Led by an aggressive customer acquisition strategy and a focus on major market segments, Q4 revenue saw a year-over-year increase of over 150%.  OLAP Vision reached the new milestone by more than doubling its customer base – strategic additions to the consulting and support teams contributed to the ongoing success. The rapid adoption of its unique Xcelerate™ platform has established OLAP Vision as a leader in supporting businesses in legal and professional services industries.

“Our dramatic growth in 2016 is a direct result of our Xcelerate solution, corporate sales strategy and the dedication of our customer implementation and support teams,” said Jag Dhariwal, VP, Global Sales. Thomson Reuters Elite, a division of Thomson Reuters Legal reported record adoption of Xcelerate by 3E® and Enterprise™ firms in 2016.  Dhariwal continued, “The market has demonstrated its desire for a unified and agnostic Excel-based platform that has standard certified integration into any GL, time and billing system – customers have often replaced over four existing systems with Xcelerate.”

Enabling customers with real-time data to support decision-making has been a strong trend in the legal and professional services industry. The changing economy and competitive market conditions require the need for real-time data to adjust targets and protect profitability.

“One of the most important benefits of Xcelerate is that it simplifies our ability to compare budgets to actuals, helping us more accurately identify potential cost savings.” said Kelly Henderson, Director of Finance at Steptoe & Johnson PLLC.  OLAP Vision seeks to contribute not only to the efficiency of its customers’ operations but also their bottom-line, empowering staff to spend their time generating revenue.

OLAP Vision achieved a number of major milestones, including:

Business Growth: OLAP Vision accelerated its growth from 2015, more than doubling both its customer base and top-line revenue. 2016 saw quarter over quarter growth, and an annual growth of over 100%. OLAP Vision has become a trusted partner in the legal and professional services industry. Today, six of the top 20 global law firms alongside a rapidly growing number of AM Law 100 firms trust OLAP Vision with their budgeting, forecasting and financial reporting requirements.

Organization Expansion & Strategic Investments: OLAP Vision upgraded their office facilities by moving to a new central location in Toronto, Ontario. The larger space has allowed continued investment in growing out the product, implementation, sales and customer support teams.

About OLAP Vision:

OLAP vision is an innovative technology company, delivering solutions for mid to large legal and professional services firms globally. OLAP Vision’s flagship product, Xcelerate™, is the only Excel and Web-based budgeting and forecasting application specifically for its industry and offers seamless integration with 3E® and Enterprise™. Operating in both Toronto and Hong Kong, OLAP Vision serves the world’s largest law firms and professional services organizations across the world.

Watch now: xcelerate in 2 minutes: https://vimeo.com/130578461
Request a demo: http://www.elite.com/xcelerate
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xcelerate Budgeting and Forecasting from Thomson Reuters Elite Maintains Record Pace of Adoption among Industry-leading Firms

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Integration of xcelerate among top Am Law firms proves it is the top choice for budgeting and forecasting!

Thomson Reuters Elite, part of Thomson Reuters Legal, announced that the momentum of 3E® and Enterprise™ firms adopting xcelerate Budgeting and Forecasting remains robust in 2016. A record number of clients have now implemented xcelerate, with more firms adopting it in the first half of 2016 than in all of 2015.  xcelerate is the only Microsoft® Excel® and Web-based budgeting and forecasting application built specifically for legal and professional services, with certified standard integration into 3E and Enterprise financial and practice management systems.

“We are excited by the record pace of xcelerate adoptions in existing 3E and Enterprise clients from the beginning of 2016, said Bill Burch, vice president of Sales at Elite. “With 130% increase in demand for xcelerate from the first quarter of 2015 to the first quarter of 2016, that momentum shows no sign of slowing down, making xcelerate the chosen solution for boosting efficiency in financial performance management by top Am Law firms and other industry-leading organizations.” read more … 

 

AM Law 100 and AM Law 10 firms Drive Record Breaking Adoption of xcelerate

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Momentum Continues for xcelerate with Recording-breaking Adoption in First Half of 2016  

Thomson Reuters Elite, part of Thomson Reuters Legal, today announced at the VANTAGE 2016 Worldwide Conference the continued momentum of xcelerate Budgeting and Forecasting among 3E® and Enterprise™ clients. Since the start of 2016, a record number of clients have integrated xcelerate, half of which are Am Law 100 firms and two of which are Am Law 10 firms. xcelerate is the only Microsoft® Excel® and Web-based budgeting and forecasting application built specifically for legal and professional services with certified standard integration into 3E and Enterprise financial and practice management systems.

“In less than two years since xcelerate first became available it has helped a substantial portion of existing 3E and Enterprise clients gain better visibility into their entire budgeting and forecasting processes, so they can plan with confidence,” said Bill Burch, vice president of Sales at Elite. “We are thrilled that xcelerate continues to be recognized as a valuable tool for boosting efficiency in financial management by top Am Law firms and other industry-leading organizations.”

xcelerate helps users in more than 12 countries protect their profits with real-time insights into their firms’ revenue and expense budgets, forecasts, and other key targets. Nearly half of the clients that rely on xcelerate to review their productivity and profitability are top global firms, and more than half rank in the Am Law 200.

xcelerate Budgeting and Forecasting is a Web- and Microsoft Excel-based solution for budgeting and forecasting of operating expenses, fee earner revenue, fee earner compensation, and capital expenditures. xcelerate is integrated into 3E and Enterprise and quickly plugs into human resources and payroll systems to push global assumptions from a firm-wide level down to the individual fee earners. Visit xcelerate for more information.

OLAP Vision gears up for Vantage 2016 Nashville!

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Vantage 2016: Worldwide User Conference gets into gear for xcelerate Budgeting & Forecasting and ProLaw Services!

OLAP Vision is a proud sponsor of the Vantage 2016 Worldwide User Conference set for May 23-25, 2016 at the Omni Nashville Hotel.

Drop by our booth #303 & 304 for cool giveaways and speak to our team about how OLAP Vision can help your firm succeed in 2016 and beyond.

Attend the xcelerate Budgeting & Forecasting session: Tuesday May 24th 7:45am – 9:15am Central Time in the Electric Room at the Omni Nashville Hotel

We’ve got our cowboy boots ready and shined up for the global Thomson Reuters Elite Vantage conference of 2016 and are eager as ever to host a session highlighting the new and exciting features of xcelerate Budgeting & Forecasting for this year. Come on by and find out why customer have been raving about the hottest selling product amongst top AM Law 200 firms and new advancements.  Be sure to register early!

“We are excited to showcase xcelerate in Nashville this year and share how our customers are leveraging the solution to bring flexibility, efficiency and control to an otherwise chaotic reporting and planning process.  We are looking forward to presenting this year, it is great to see so many clients already reaching out to us in anticipation. We urge all of you to book a demo with us so we can show you how xcelerate provides faster, easier access to critical budgeting and forecasting data, all while keeping you in Microsoft Excel.”

Ameet Kamat, Vice President of Global Services and Customer Success

Session: xcelerate Budgeting and Forecasting

Tuesday, May 24th, 7:45am – 9:15am Central Time

Join us for an introduction to xcelerate Budgeting and Forecasting, built for 3E and Enterprise customers. Learn how xcelerate can help your firm protect profits with real-time budget insight and skyrocketing efficiency and accuracy. Come hear about new features, customer case studies, and exciting product roadmap announcements.

We look forward to seeing you there!

To book a personal xcelerate Budgeting & Forecasting demo, send us a quick email today or visit www.elite.com/xcelerate 

133%+ increase in new customer acquisition, revenue more than doubling caps off a record Q1.

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Most innovative technology and vendor nomination alongside rapid adoption of the xcelerate platform by the world’s largest law firms drives yet another record breaking quarter for OLAP Vision.

OLAP Vision has continued their success and shows signs of continued rapid growth well into 2016 with doubles all around. The highlights of 2016 Q1:

  • Revenue more than doubled in 2016 Q1 compared to the same time period in 2015, with a strong forecast projected for the remainder of the year.
  • Over 133% increase in new customer acquisition compared with the same time period last year.
  • Five consecutive positive growth quarters already in the books.
  • Nomination of xcelerate and OLAP Vision for the most innovative technology and solution provider.

The rapid adoption of OLAP Vision’s innovative product, xcelerate, is credited for being the driving force behind the company’s record breaking 2015 which has now carried forward to Q1 of 2016, outperforming all previous records. OLAP Vision is set to have another record breaking year for new sales and revenue growth. The xcelerate platform is quickly being embraced as the preferred choice of law firms and professional services organizations. Xcelerate has turned a manual and time intensive process into an automated, seamless solution with real-time analytics – all while keeping the users in Microsoft Excel. Xcelerate is the preferred choice of 4 top 10 global firms with revenues over $1.1b to $3.5b + annually and for many AM Law 100 ranking firms representing the largest law firms headquartered  in the United States.

According to Jag Dhariwal, Vice President of Global Sales, “The legal industry is recognizing xcelerate amongst the most innovative technologies because of the scalability and flexibility of the xcelerate platform to extend well beyond the traditional budgeting and forecasting capabilities of other solutions. We are honored to be nominated in this category amongst our talented peers. We are thrilled by our results to date and look forward to an even stronger year ahead.”

Customer case studies highlight the ease of use, high user adoption, quick deployment and successful implementations and roll out of xcelerate, on-time and on-budget.

Ameet Kamat, Vice President of Global Services and Customer Success remarks, “We are seeing the fruits of our 100% dedication to the legal and professional services industry and our customers recognize us as the industry leader in customer service and product innovation. Xcelerate is designed exclusively for the legal industry with a rapid deployment methodology to help firms automate their critical finance and business processes without giving up their treasured Excel spreadsheets– our customers applaud xcelerate as a product built specifically for them as finance professionals.”

Watch now: Xcelerate in 2-minutes

To learn more about how xcelerate can help your firm succeed in 2016 and beyond, register for a demo today and read law firm customer case studies:

CASE STUDY 1: Parker Poe Adams & Bernstein LLP

CASE STUDY 2: Buchanan Ingersoll & Rooney P.C.

OLAP Vision kicks-off Customer Success program

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Successful year drives further investment into customer engagement and enablement.

OLAP Vision, industry leader in financial budgeting & forecasting solutions for law firms and professional services organizations has announced the launch of their Customer Success initiative, a program brought into fruition to further expand their top rated customer service and drive greater customer enablement and empowerment. A dedicated customer success team is focused on helping customers maximize their return on investments in the xcelerate Budgeting & Forecasting product through an array of personalized options tailored to each customer’s unique needs.

 “Our team is passionate about high user adoption of our solutions across the entire firm and quick time to value. One of our key goals is ensuring our customers are receiving maximum return from their investments in xcelerate, in the most efficient way possible. This new program is a prime example of our dedication to the legal industry and commitment to the long term success of our customers,” explains Ameet Kamat, Vice President of Global Services and Customer Success.

The Customer Success team are experienced, seasoned and dedicated legal industry experts who are focused on providing high quality training, education, support and legal industry best practice driven services to a rapidly growing xcelerate customer base.

“We understand your firm’s business, processes and systems and are with you every step of the way to keep your business running smoothly and provide continual high value. Our investment into a customer success program is an exciting new initiative that allows us to continue to expand our world class customer support channels and enable our customers with the right tools, the first time.”

Jag Dhariwal, VP Global Sales

Promotions of Ameet Kamat and Laurence Chen supports new growth initiatives

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Key promotions further strengthen products and services and bring greater focus to growth initiatives. 

OLAP Vision, leader of budgeting and forecasting software for law firms and professional services organizations, announces the promotion of two key members of their senior global team. With 2016 off to a rapid start, OLAP Vision has increased focus and investment into their Customer Success initiative and has now announced that Ameet Kamat, will be leading the customer success team in his new role as Vice President of Global Services and Customer Success. Ameet previously held the position of Director, Global Services and has been instrumental in leading a team focused on providing law firms with exceptional, unmatched services that help enhance the competitive advantage of firms. Ameet extends his expertise to lead the Customer Success team focused on customer experience and the business of law.

2016 also bodes to be another exciting year for OLAP Vision on the product development front. With raving reviews around the success of xcelerate, the development teams have been ramping up to continue to innovate and provide new features for customers. Laurence Chen’s promotion to Vice President of Product Management further solidifies the trajectory of growth for the xcelerate software platform. OLAP Vision is confident that these areas of investments will further enable clients with modern, next generation, cutting edge solutions to support the business of law firms and professional services organizations.

“We are so thrilled to have such talented members on the OLAP Vision team. The agility and vigour both Ameet and Laurence apply every day will take our world class products and services to the next level. With the newly appointed roles, we have created appropriate channels to carry our business into a new era of growth. We find ourselves in an exciting technology driven era, where customer experience and usability of products is often the greatest competitive advantage of any firm. Our customers will benefit from even greater customer satisfaction and unrivaled products and expertise for law firms.”

Jag Dhariwal, Vice President of Global Sales

AK_nologoLRAmeet Kamat: As Vice President of Global Services & Customer Success, Ameet is responsible for outstanding implementation delivery, with a focus on customer satisfaction, to provide the right solution the first time, on-time and on-budget. He is well known amongst Elite software users and has a proven track record of success with over eight years of experience in leading and managing Thomson Reuters Elite Budgeting, Forecasting, and Financial Reporting solutions for 3E and Enterprise. As a former developer of the IBM Clarity solution, his unique mix of technical know-how and strong business acumen has helped clients successfully streamline their budgeting and reporting processes from FRx, spreadsheets, and in-house systems. Ameet is a graduate from the University of Western Ontario with a degree in Computer Engineering.

LCLawrence Chen: As Vice President of Product Management, Laurence leads a global team focused on delivering outstanding customer service, flexible software solutions and building lasting relationships with customers. Laurence’s customer centric approach is based on a foundation of collaboration and inclusiveness as he oversees the successful delivery of software solutions for Thomson Elite customers. Laurence has over a decade of experience leading complex business intelligence solution implementations globally for a wide range of industries. He is trusted as an advisor on best practices to many of the world’s largest law firms and as a mentor within the organization. As a graduate of the University of Waterloo with a degree in Computer Science, Laurence has a strong reputation as an innovative leader, having held various key leadership roles.

Please join us in congratulating Ameet and Laurence on well-deserved promotions!

Learn more about the xcelerate Budgeting & Forecasting product that is designed specifically for law firms and professional services organizations.

New office expansion provides customers access to greater products and services

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5255 Yonge Street, Suite 905, Toronto, ON, M2N 6P4, Canada

We are very excited to announce that we have moved to a brand new office located in the heart of Toronto! Given the explosive expansion we have experienced over the last year, OLAP Vision has moved into a spacious new location just down the street from our previous building.

2016 is off to a strong start and we are continuing to make significant investments into our various teams as a result of a record breaking year in 2015 which included an astounding 143% YoY growth in the user base of xcelerate Budgeting & Forecasting through adoption of the solution by many top AM Law 100 and global firms.

We are ecstatic with our new location and even more excited to share big news throughout 2016. With the move to our new office we achieve the following:

1) Scale our business to new heights: We achieved record breaking revenue in 2015 with over 300% YoY revenue growth and an exponential increase in new customers. With a larger space we expand our team and operations and are able to achieve our 2016 goals with greater certainty. We continue to provide innovative, world class products and services to our customers and help firms achieve even greater success through our laser focus and dedication to the legal and professional services industry.

2) Modernize our business: The new location allows us to continue to implement and utilize the very best in modern infrastructure to continue to exceed our customers’ expectations by providing top ranked technology and services that they have come to expect from our team.

3) Cultivate innovation and growth: We provide an atmosphere for our employees to channel their ingenuity and creativity. We continue to deliver the most innovative products and services for the legal and professional services industry, which help our customers enhance their competitive advantage and keep ahead of their business challenges.

4) Environmental sustainability and corporate responsibility: We are committed to being a responsible member of our community by implementing environmental sustainability and corporate responsibility practices within our organization. Our new office is BOMA BEST certified GOLD – the Canadian industry standard for sustainability and environmental performance management. We continually seek new ways to reduce our environmental impact and ensure our working spaces are optimized to provide our team with the very best environment to drive product innovation and unmatched customer service.

A very special thank you to all of our customers and partners for their ongoing support and trust in our team – without you this success and expansion would not have been possible. Our new office address is 5255 Yonge Street, Suite 905, Toronto, ON, M2N 6P4, Canada.

Our door is always open – please drop by for a visit and say hello!