Uncategorized Archives - OLAP Vision

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!

143% YoY user base growth and best December ever concludes OLAP Vision’s record breaking 2015

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Innovative product drives exponential growth in user base. 

Toronto, Canada, January 28, 2016 – OLAP Vision, a respected and trusted global leader of budgeting and forecasting solutions for legal and professional service organizations, continues its rapid growth with a record breaking year on various fronts. December saw the strongest month on record and 2015 capped off with an exceptional 143% YoY growth in new customer acquisition for xcelerate. In addition, OLAP Vision reported over 300% revenue growth YoY for Q1 and Q2 of 2015 and top ratings in customer satisfaction. The bolstering success of the past year has resulted in significant investments in talent, exhibited by doubling the number of team members, significant investments into global expansion and product research and development – all to continue the upwards trend well into 2016.

“We thank our customers – their success is our success. We are thrilled with the results to end a monumental 2015 and even more excited about the strong momentum entering into 2016.  Our valued customers agree xcelerate is unrivaled in the legal and professional services industry – a truly innovative, world-class product that is highly configurable to meet the business challenges of firms of all sizes and is supported by an experienced team of subject matter experts, ” said Jag Dhariwal, VP Global Sales.

“As we enter 2016, our team is focused on even more ways to help end users of xcelerate improve efficiency, accuracy, productivity and quickly deliver vital information to firm management to help them make strategic decisions and achieve their profitability targets with greater confidence. We are committed to helping our customers succeed in 2016 and beyond.”

 

Powered by OLAP Vision, xcelerate Budgeting and Forecasting is a Web- and Microsoft Excel-based solution for the budgeting and forecasting of operating expenses, fee earner revenue, employee compensation, and capital expenditures. xcelerate integrates with 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 and employees. Dashboards provide a single view into firm performance with drill-down capabilities and real time alerts to help protect profits and plan with greater confidence.

Schedule your xcelerate demo today!

OLAP Vision responds to ‘best year ever’: making significant investments to support recording breaking growth in 2015

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Significant investments in talent, product, services and global expansion.

Toronto, Canada, December 11, 2015  – OLAP Vision is in the midst of a record breaking year on track to well exceed revenue predictions for the second half of 2015. With the rapid traction and adoption of xcelerate coupled with providing unparalleled certified services for ProLaw, we are on track to reaping the benefits of staying focused and committed to world class products with the best customer service.

OLAP Vision’s accelerated growth is attributed to the success of and strong market demand for the xcelerate Budgeting and Forecasting solution built specifically for the legal and professional services industry with standard integration into Elite products. To continue our growth, we have implemented four key strategies this year to continue to provide outstanding value to our customers into 2016 and beyond:

Investment in top talent:

We have made significant investments to expand our product development and implementation teams. As a result of the rampant growth in 2015 and the projected record growth for 2016, the addition of talented and experienced resources allow for OLAP Vision to forge ahead and continue to innovate and provide solutions to keep ahead of the demands of law firms and professional services organizations.

Our product development team continues to work closely with our customers to add new features to our xcelerate Budgeting & Forecasting product line ensuring our customer are able to squeeze all the value possible to benefit their business and stay ahead of their challenges. Our implementation team is laser-focused on the needs of our customers. Our team provides best practices driven expert advice and recommendations that are custom tailored for each client, ensuring implementations are right the first time – on time and on budget.

Expansion into global markets:

OLAP Vision currently supports clients in four major global markets and continues to support international expansion through strategically placed offices in Toronto and Hong Kong. The surge of an international end user community is a true testament to the adaptability of xcelerate in all global markets and its ability to support any business case.  Given the early success in new markets, OLAP Vision plans to continue to expand its footprint to across the globe.

Growth of consulting services:

OLAP Vision further demonstrated its commitment and dedication to the legal and professional services industry by completing extensive certification training becoming an official ProLaw services partner for Thomson Reuters Elite. On the heels of over 20 years of relevant industry experience, numerous ProLaw customers have selected us to lead their implementations and the results are astounding with customer satisfaction survey results coming back with top marks. Our ProLaw certified experts are showcasing our ability to provide expert guidance from experienced resources who understand your business, provide strong value, and deliver results on time and on budget.

Investments in product development:

Rapid adoption, speed of new feature releases and numerous customer testimonials have provided testament to xcelerate’s superiority over other budgeting, forecasting and reporting solutions. As a result, referral business has been a vital part of the incredible growth of xcelerate, which continues to exceed projections and expectations. Significant R&D investments ensure that xcelerate continues to evolve with the business requirements of our Thomson Reuters Elite customers and remains the industry standard for legal and professional services budgeting and forecasting solutions. We continue to innovate and provide our customers with a seamless, unified, single solution that connects the firm through standard integration and legal/professional services industry best practices.

“It is evident that today’s legal and professional services customer is looking for a turnkey, unified budgeting, forecasting and reporting solution tailored to their business with seamless integration into Elite and other source systems. Our customers say they are blown away by how quickly xcelerate has benefitted their firm – the ROI is immediate and significant.  Our rapid implementations are best practices driven and allow for customers to reap the benefits of xcelerate in a few short weeks for quick time to value with incredible time and cost savings.” explains Ameet Kamat, Senior Director, Global Services.

This year has been pivotal for OLAP Vision with all the exciting new changes and investments in top talent, product, new services and global market expansion to support their best year ever.

“We take great pride in the expertise and dedication of our highly talented and experienced team and their ability to provide measurable value and actionable results that benefit our global customers in ways never before possible,” remarks Jag Dhariwal, VP Global Sales when asked about the success the company has seen so far in 2015. “Our customers can expect greater value and continued exciting growth in the future and depend on us to provide them with trusted, expert and high value products and services that are focused on the needs of the legal and professional services industry. The foundation is set for a bright future!”

Register for a personal xcelerate demo: elite.com/xcelerate or sales@olapvision.com

Record breaking revenue reported by OLAP Vision

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Record numbers driven by rapid industry adoption and addition of new services:

Toronto, Canada, November 30, 2015 – OLAP Vision, the market leader in budgeting, forecasting and reporting solutions for law firms and professional services organizations has reported explosive growth in Q1 and Q2 of 2015 for the best year ever and is expecting continued momentum for a record breaking 2015.

Key highlights for the year so far:

  • 300%+ YoY growth in 2015 Q1 and Q2.
  • Doubled team size in both 2014 and 2015.
  • Strong pipeline heading into the second half of 2015 including exponential growth of new customers.
  • Unmatched customer success with referral business accounting for over 90% of new sales.

The record numbers in early 2015 are attributed to the rapid adoption of xcelerate Budgeting & Forecasting solution and the addition of ProLaw services to OLAP Vision’s existing portfolio. In the first half of 2015 alone, 14 clients integrated xcelerate Budgeting and Forecasting with their 3E and Enterprise™ solutions to protect profits with real-time insights. Many of these clients are among the largest law firms in the world, with annual revenues exceeding $3 billion, and are ranked in the AM LAW 100, proving xcelerate is the best-of-breed solution in the legal and professional services industry. Clients are thrilled to report the immediate ROI and quick time to value. OLAP Vision’s recent certification as a ProLaw services provider has further contributed to the record year, on the heels of numerous successful projects and top marks in customer satisfaction surveys from each of OLAP Vision’s ProLaw clients to date.

“We are ecstatic over the numbers and success we have seen for both xcelerate and ProLaw consulting services and are eagerly awaiting the second half numbers. The market has embraced xcelerate and confirmed it’s the right solution for their firm. With real-time planning and reporting directly in MS Excel, our customers have precise and critical information at their fingertips to increase their competitive advantage and ability to hit their revenue and profitability targets with greater certainty. Attorneys love the ease of use, executives rave about the never before seen details and quick access to vital information to drive strategic decisions and finance teams applaud the detailed real-time planning and ease of reporting, ” Jag Dhariwal, VP, Global Sales.

Register for a personal xcelerate demo: www.elite.com/xcelerate or sales@olapvision.com

 

 

xcelerate Secures Significant Market Adoption

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3E Financial Reporting and xcelerate Budgeting and Forecasting Secure Significant Market Adoption in First Year of General Availability

Thomson Reuters Elite, part of Thomson Reuters Legal, today announced the success of the 3E® Financial Reporting and xcelerate Budgeting and Forecasting Microsoft® Excel®–based solutions since they were launched at the VANTAGE 2014 London User Conference. A total of 45 3E clients have selected the Financial Reporting multi-dimensional database technology to gain advanced analytical features and highly formatted financial statement. In the first half of 2015 alone, 14 clients integrated xcelerate Budgeting and Forecasting with their 3E and Enterprise™ solutions in order to protect profits with real-time insights.

“xcelerate’s dashboard functionality enables our team to quickly turn around critical processes by generating reports, automating manual processes, and drilling down to additional details,” said Greg Molchan, financial systems and reporting manager at Parker Poe. “Our implementation team has been blown away by the product and how quickly it has benefitted our firm.”

Charles Furness-Smith, finance director at Nabarro LLP commented, “Our approach to adopting new systems is motivated by our need to improve the service we offer clients. xcelerate will help make our budgeting processes more efficient, which in turn, will give our clients greater certainty when it comes to their legal costs.”

“3E and Enterprise clients have been very receptive to the latest financial business intelligence developments at Elite, and we are thrilled that so many have already seized the opportunity to leverage 3E Financial Reporting and xcelerate in order to make better informed business decisions and amp up profits,” said Elisabet Hardy, vice president of Product Management at Elite. “Because both of the solutions are easy to navigate through their Web- and Excel-based environments, include rapid implementation processes that reduce setup time by up to 50 percent, and put near-real-time data at users’ fingertips, we anticipate many more clients making the decision to move ahead to a more profitable future in coming months.”

Read the full article or register for a free demo at sales@olapvision.com or elite.com/xcelerate

VANTAGE 2015: EMEA Regional Conference

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OLAP Vision is a proud sponsor of Thomson Reuters Elite VANTAGE 2015: EMEA Regional Conference, October 26 – 27 at the Park Plaza Westminster Bridge Hotel in London.

We are excited to be presenting the xcelerate Budgeting & Forecasting solution to a global legal and professional services audience. This is the perfect opportunity to register for a personal demonstration or join us at our session to learn first-hand how xcelerate Budgeting & Forecasting is helping firms just like yours protect profits and plan with greater confidence.

“We are thrilled to be sponsoring Vantage EMEA again. Our growth in the EMEA region has been phenomenal. This conference is a perfect opportunity for firms to hear first hand from their peers the value they are receiving from OLAP Vision’s products and services.

Many of our customers have xcelerate Budgeting & Forecasting on the top of their wish list for 2016. I encourage all attendees to meet with our team and attend our session to learn why xcelerate continues rapid global adoption by the world’s largest law firms and professional services organizations. Our clients love that xcelerate turns ordinary MS Excel into a powerful planning tool for year-round forecasting and automated budgeting, as a result allowing them to quickly make strategic decisions that drive firm profitability.

Our clients are raving – the benefits are immediate and the ROI outstanding. Speak to our team and our customers to learn how your firm can increase your competitive advantage as a result of our laser focus on the needs of legal and PSO industries.  We look forward to seeing you all there!

” Jag Dhariwal,  Vice President of Global Sales

Session: Learn How To Amp Up Profits with xcelerate Budgeting and Forecasting

Tuesday, October 27th  at 11:30am in Plaza Suite 6

Jag Dhariwal, VP Global Sales, will introduce the latest version of the xcelerate Budgeting & Forecasting product. Learn how xcelerate will empower you and set your firm up for success by protecting profits with real-time budget insight, reducing implementation by up to 50%, and skyrocketing efficiency and accuracy with an automated system tailored for finance. Come hear about customer case studies and exciting product roadmap announcements.

We look forward to seeing you all in London!

Register for the Vantage 2015 EMEA Regional Conference today!

Register for a free personal xcelerate Budgeting & Forecasting demo!

Nabarro LLP Integrates xcelerate Budgeting and Forecasting

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Long-term 3E Client Upgrades Financial Reporting Technology to Gain Access to Real-time Budgeting Data

Thomson Reuters Elite has announced that international commercial firm Nabarro LLP has made the decision to implement xcelerate Budgeting and Forecasting. The existing 3E® client is adding xcelerate to its technology infrastructure in order to receive detailed analyses of critical information through intuitive reports and alerts. Powered by OLAP Vision, xcelerate is a firm-wide budgeting and forecasting solution exclusively available to clients of 3E and Enterprise™ financial and practice management systems.

We are pleased that yet another international firm has chosen xcelerate Budgeting and Forecasting to support their business.

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Vantage 2015: Worldwide User Conference Welcomes OLAP Vision’s newest Product, Services and Expertise

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OLAP Vision is a proud sponsor of Thomson Reuters Elite VANTAGE 2015 Worldwide User Conference, June 15-18 at the Bellagio Hotel in Las Vegas!

We are excited to present the new xcelerate Budgeting & Forecasting solution in addition to our latest offering of expert ProLaw services to a global legal and professional services audience. Come to our booth #35 & #36 and say hello – you could win $1,000 and walk away with awesome giveaways. This is also the perfect opportunity to register for a personal demonstration or join us at our session to learn first-hand how xcelerate Budgeting & Forecasting is helping firms just like yours protect profits and plan with greater confidence.

“OLAP Vision’s reach continues to grow globally with the tremendous success and adoption of the xcelerate Budgeting and Forecasting solution. We are thrilled to demonstrate xcelerate’s latest features that are helping our clients improve efficiency and protecting profits through faster and easier access to critical budgeting and forecasting data. I look forward to seeing all of our customers and prospective clients in Las Vegas!” Laurence Chen, VP Global Services

Session: Learn How To Amp Up Profits with xcelerate Budgeting and Forecasting

Thursday, June 18th 12:00pm – 1:00pm in Tower Ballroom 8

Jag Dhariwal, VP Global Sales, will introduce the new xcelerate budgeting and forecasting product, built for 3E and Enterprise customers. Learn how xcelerate will empower you and set your firm up for success by protecting profits with real-time budget insight, reducing implementation by up to 50%, and skyrocketing efficiency and accuracy with an automated system tailored for finance. Come hear about customer case studies and exciting product roadmap announcements.

We look forward to seeing you all in Las Vegas!