News Archives - OLAP Vision

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.

Read More …

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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Register for a demo or click here to learn how xcelerate can benefit your firm!

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.

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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 …