Thomson Reuters has acquired OLAP Vision, a Toronto-based producer of budgeting and forecasting, profitability modules under the Xcelerate brand that our Elite business currently sells alongside our products to enhance the value of 3E, Enterprise and ProLaw financial and practice management solutions. The Elite business has worked closely with OLAP Vision since 2010.

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, Enterprise, and ProLaw 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.

OLAP Vision and Thomson Reuters have much in common—most notably a shared passion and commitment to excellence and providing quality products that are essential to our customers’ practice. Our goal for the business will be for it to continue to provide excellent products for our mutual customers. Longer-term, OLAP Vision and Thomson Reuters will work together to enhance products and create new capabilities to deliver even greater value to customers.

We are delighted to have OLAP Vision as part of the Thomson Reuters team.