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Thomson Reuters Acquires OLAP Vision

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Thomson Reuters acquires OLAP Vision, Toronto-based producer of Xcelerate budgeting, forecasting, reporting and profitability products.

We are pleased to announce that Thomson Reuters, the world’s leading source of news and information for professional markets and home to 3E, Enterprise, and ProLaw, has acquired OLAP Vision.

We believe Thomson Reuters will be a great home for OLAP Vision. The two businesses have much in common—most notably a shared passion and commitment to excellence and providing quality products that are essential to our customers’ practice.

Any changes should be invisible to customers, who should continue to look to OLAP Vision for the high-quality products and services you have come to expect. Longer-term, OLAP Vision and Thomson Reuters will work together to enhance products and create new capabilities to deliver even greater value to customers.

Please contact your OLAP Vision sales and service team as you normally do for any questions or needs. We will keep you informed of any changes as they occur.

To learn more visit: www.elite.com

Xcelerate Financial Reporting and Budgeting/Forecasting Now Available for ProLaw Clients

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Cutting-edge Solution Offers ProLaw Users Enhanced Budgeting and Reporting

May 16, 2018: Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced that they have expanded their relationship with partner OLAP Vision to offer integration of Xcelerate Financial Reporting and Budgeting/Forecasting with business management solution ProLaw®.

Xcelerate is the only Excel and web-based budgeting and forecasting application built specifically for the legal and professional services industries which reduces the implementation and training time by up to 50% compared to other products. Through its modular design, it quickly and flexibly plugs into human resources and payroll systems to provide accurate reporting, budgeting, and forecasting of operating expenses, timekeeper revenue, timekeeper compensation, and capital expenses.

This new integration enables ProLaw clients to enhance their financial reporting and budgeting, gaining better visibility into the entire process. Users are able to harness market-leading technology which helps to bolster efficiency and protect profits through real-time budget insight.

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More Than 100 Firms Have Selected Market-leading Solution Xcelerate

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Xcelerate Budgeting and Forecasting Continues to See Significant Growth Worldwide

April 8th, 2018: Thomson Reuters Elite, part of the Legal business of Thomson Reuters, announced that the number of firms adopting Xcelerate Budgeting and Forecasting has now surpassed more than 100 worldwide. This milestone underscores growing utilization of Xcelerate to provide real-time insights into their firms’ revenue and expense budgets, forecasts, and other key targets, making it the best choice for firms who utilize the 3E® Enterprise Business Management Solution.

Powered by Thomson Reuters Elite partner OLAP Vision, Xcelerate is the only Microsoft® Excel® and web-based budgeting and forecasting application built specifically for legal and professional services, and it is a key first step for many clients making the transition from Enterprise to 3E.

Aside from continued growth in North America, Xcelerate has seen a large uptick in sales across the Asia Pacific and EMEA regions, including a tripling of the number of customers in EMEA alone in 2017. Overall, the number of 3E and Xcelerate-bundled deals has increased more than 400% in the last 3 years.

More than 70% of clients that rely on Xcelerate to review their productivity and profitability are within the Am Law 200, with more than 30 firms belonging to the Am Law 100. Xcelerate also counts among its clients 7 top global law firms that generate annual revenues in excess of $1 billion.

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Pre-eminent International Law Firm De Brauw Blackstone Westbroek to Move to Xcelerate

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Range of Thomson Reuters Elite Solutions to Streamline Financial Management and Facilitate Swifter Decision-making

Feb. 21, 2018: Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced that leading international law firm De Brauw Blackstone Westbroek has chosen a range of offerings from the 3E Enterprise Business Management Solution after a competitive review. The firm will be transitioning from its existing Enterprise™ solution by Elite to 3E®, as well as adopting 3E Workspace, xcelerate Budgeting and Forecasting, and DW Reporting solutions Quantum and Evaluate.

Headquartered in Amsterdam, De Brauw has 350 lawyers working in The Netherlands as well as in its other offices in Brussels, Frankfurt, London, New York, Shanghai, and Singapore. The firm boasts a robust corporate practice, a centre of excellence in litigation, and an unparalleled team of regulatory experts.

Already a user of eBillingHub® from Thomson Reuters, the firm signed on to the 3E Enterprise Business Management Solution for the significant additional management information it provides as well as its streamlined lawyer experience and proven operational excellence. In addition to 3E, the firm’s implementation of xcelerate will enable real-time insights into the revenue and expense budgets, forecasts, and other key targets, while Workspace will provide a single interface for users to perform important daily tasks on any device anywhere.

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Independent London law firm Wedlake Bell select Xcelerate as Part of Multi-product Deal

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Range of Solutions from Thomson Reuters Elite to Enable Quicker, More Empowered Decisions

Feb. 20, 2018: Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced that Wedlake Bell LLP has selected 3E® as well as a number of other offerings of the 3E Enterprise Business Management Solution as it transitions from its existing financial management platform Envision.

An independent London law firm with over 180 lawyers, Wedlake Bell is focused on providing high-quality legal advice in four key areas: Private Client, Real Estate, Dispute Resolution and Business Services.

In addition to choosing 3E to enhance its financial management capabilities, Wedlake Bell will be utilizing 3E Workspace, Xcelerate Budgeting and Forecasting, 3E Data Insights and matter pricing tool Evaluate from Thomson Reuters Elite partner DW Reporting. This suite of solutions was selected by the firm after an extensive review process, with 3E ultimately chosen due to its seamless integration with a number of other applications across the firm; proven efficiencies in financial management, compliance and billing; and ability to provide significantly enhanced business intelligence.

Workspace will provide the firm with a single interface for users to perform important daily tasks on any device anywhere, while Xcelerate will unlock real-time insights into the firm’s revenue and expense budgets, forecasts, and other key targets. In addition, 3E Data Insights will provide a self-service analytics model that creates and views actionable insights from a single dashboard on both desktops or mobile devices, and enables fee earners and managers to easily manage performance and make timely decisions. Finally, Evaluate—a next generation legal matter planning, pricing and cost management solution from Thomson Reuters Elite partner DW Reporting—is tailored to the requirements of fee earners and law firm management teams throughout the entire lifecycle of a matter.

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Xcelerate Continues to Gain Momentum and Market Share Around the Globe

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3E Chosen by 245 Law Firms to Propel Their Businesses into the Future

Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced its continued growth across the global legal industry in 2017. This momentum is underscored by the current numbers for 3E®, with a total of 245 law firms having selected its market-leading financial management system.

In December alone, a record 21 firms signed up for 3E, including four Am Law 100 firms. In the last five years, 71% of Global 100 firms who bought a new system have selected 3E, while in the past two years, 54 firms have chosen to stay with Elite by transitioning from Enterprise® to 3E.

A total of 150 organizations have now gone live on 3E, with 18 new go-lives in the last six months alone, nine of which were implemented with the help of the Blueprint Accelerator Pack that streamlines implementations. In the next 12 months, more than 40 firms are projected to go live on the 3E platform.

Taken together, 90% of Am Law 200 firms, 93% of Global 100 firms, and 62% of UK Top 100 firms now use at least one product in the 3E Enterprise Business Management Solution.

As well as the rapid growth of 3E, several other Elite solutions continue to gain significant ground in the marketplace. xcelerate Budgeting and Forecasting, a solution strategically designed to help firms protect profits, is rapidly establishing market leader status and is a key first step for many clients making the transition from Enterprise to 3E. Aside from continued growth in North America, xcelerate has seen a large uptick in sales across the Asia-Pacific and EMEA regions, including a 200% increase in EMEA.

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