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You are not an ENTERPRISE!

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An enterprise, according to Wikipedia is defined as follows: 

Onit Joins Legal Cloud Computing Association

We're excited to announce our membership today in the Legal Cloud Computing Association (LCCA).

Onit Secures $4.1 Million Investment Led by Austin Ventures

It is with great enthusiasm that I write this post to announce that we have raised $4.1 million in Series B funding. The funding round was led by Austin Ventures and includes participants from the principals of RedHouse Associates, a leading Houston incubator and consultant, and the Houston Angel Network (HAN), a non-profit organization that provides its members a forum in which to efficiently evaluate promising early-stage investment opportunities.

The funding will be used to accelerate growth in 4 key areas:

5 Key Benefits of Process Management

In many paper-based offices and departments, process management is defined as just having a system in place: emails, task-list spreadsheets, or even interoffice envelopes that float back and forth between departments.  Some more forward-thinking companies will implement a task list that lets a manager assign items to staff, but overall, it requires a lot of manual input and is not intuitive – and when a new task comes in, the manager and staff scramble to assign it and account for it.  Technology can take the pain out of this process – particularly a system that allows for automatic routing of tasks and creates accountability.  Here are just five ways investing in the technology can streamline difficult processes:

Driving Value with Legal Technology

Today’s economy is about doing more with less, period.  For corporate legal departments, that means keeping as much work as possible in-house, justifying the use of outside counsel, and managing resources as efficiently as possible.  The Association of Corporate Counsel’s (ACC) 2011 Chief Legal Officer Survey revealed that CLOs are affected by this reality, and at the same time, they want to improve their relationships with outside counsel and within their own legal departments.

Technology can be the string that ties these goals of so many CLOs together.  It can seamlessly pull together the in-house legal department and outside counsel, as well as streamline processes and keep work in-house – without the legal department staff being buried under piles of work.

Collaborating with the in-house legal department

Unless the legal department consists of one attorney and one paralegal, it’s nearly impossible to know who is working on what at any given time.  But technology can change that – a process management system can show, with one click, which attorney is working on the $500,000 contract that Sue from Sales just requested, or which paralegal is compiling documents in response to a subpoena.  Tasks can be assigned – and tracked, something that doesn’t happen when emails are forwarded and discovery requests are left in someone’s inbox.  CLOs can more easily delegate and manage projects, as well as track the project’s budget.

Freeing up administrative time

Technology also adds value by freeing up “administrative” time – time spent managing to-do lists, emailing colleagues for status updates, or answering emails and phone calls about matters.  With a good software package, legal departments can streamline these processes, leaving more time for legal work and less time for distractions – which can mean doing more work in-house, instead of engaging outside counsel.

Justifying outside counsel

Every legal department grapples with outside counsel costs.  Most CLOs are getting pressured to keep these costs down, but outside counsel is still necessary in many scenarios.  However, the large legal bills for things like phone calls ($50 for a five-minute call with lead counsel on a matter for a status update) are frustrating.  Using technology can increase collaboration with outside counsel and allow CLOs to view the status of matters without having to make phone calls, similar to how they can easily view the status of in-house matters.  This kind of money-saver adds up, and anything that adds up to more savings pleases the number-crunchers.

It’s no surprise that, for CLOs, it’s all about value, and technology is one of the most important parts of getting the most value from not only their own legal departments but also from outside counsel.  With the right technology, it’s possible to do more with less and improve relationships both inside and outside the legal department.

Why You Need a Process Management Tool to Automate Ethics & Compliance Data

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Ethics and compliance should never be afterthoughts, but all too often in today’s hurried business climate, they get pushed on the back burner. In this day and age of doing more with less, ethics and compliance become another burden, one that is all too easy to just do the bare minimum with to keep operations running. But with the rise of scandals and sanctions bubbling to the surface, no company can afford to ignore them, lest they become the next Enron or Tyco.

One reason why companies may choose to do the bare minimum is because of the time and expense traditionally associated with ethics and compliance. However, with an easy-to-use legal process management tool, ethics and compliance requests can be easily submitted and managed, making the process easier, faster, and cost-effective.

Here’s how a good process management system would work for ethics and compliance: the form would sit on the company’s intranet. Any employee would be able to submit requests online, using a fully customizable form. The request could be done anonymously, not requiring the employee’s name and email address. All data would be captured at the source and populated by the company’s system of record. Depending on the type of request selected in the drop-down menu, it would be routed efficiently to the appropriate attorney and could be dealt with accordingly. The requestor could even attach documents that would help the legal department investigate the matter, such as expense reports that seem doctored or suspicious emails.

Compliance and ethics could be simple, economical, and speedy. By adding an online form, companies can enhance existing ethics hotline programs, or do away with the hotline altogether. Whistleblowers would still have complete privacy and anonymity when they submit their requests, protecting them from retaliation and backlash. Best of all, the request would be sent to the attorney best suited for dealing with the request, eliminating the need to send emails or involve a middleman. The attorney could get right to work on the matter, reviewing attached documents and formulating a plan of action, eliminating any lag time that might tip off a violator.

Extending legal process management to ethics and compliance is the next logical step in the “doing more with less” environment. It eliminates the need for a call center to collect data, allows attorneys to begin working on the matter immediately, and protects the anonymity of whistleblowers. Customizable forms make it easy to tailor the information collection process to a company’s particular needs.

Ethics and compliance don’t need to be complicated, and by using legal process management tools, they don’t have to be. Ethics and compliance can become a natural, integral part of the business process, thereby ensuring that companies avoid scandals, sanctions, and PR nightmares by promptly investigating issues.

The screen shot below shows a dialog box an employee would fill out to report an ethics violation or compliance request. In the example below, the violation was a breach of confidentiality. Once the employee submits the request, it is automatically routed to the appropriate attorney in the legal department.
 



For more information on how to automate your ethics and compliance requests, contact us today for a demo.

Five Must-Have Features of Legal Process Management Software

When considering a legal process management software package, a lot of companies get overwhelmed by the features available. On one hand, it is very important the software is robust enough to truly automate processes that previously were done manually. On the other hand, there are key features that every organization needs the software to have in order for the legal department to function at its highest productivity level. Here are five must-have features:

    1. Process Automation. Legal process management software needs to be able to automate different processes. Manual process management wastes time that can be spent on legal work, but by automatically routing tasks to the correct person in the legal department and creating an easy-to-follow to do list, the right software will reduce the chance that something will get lost in an email inbox.

    2. Customization. Every company or organization’s legal department is different and handles different types of matters/projects.  One size fits all solutions do not take that into account, and they force the legal department to rethink their processes – something that will slow down the legal department and be met with resistance.  By choosing software that can create custom legal forms, the legal department has control over the software, not the other way around.

    3. Legal Front Office Features. In an organization, the legal department is part of the back office. It does not have a receptionist to route calls or deliver documents dropped off at the front desk.  A legal process management software package should have a front office interface that other departments within the organization can call, perhaps on the company intranet, to request legal work, such as contract review or drafting.

    4. Collaboration. The legal process itself is full of collaboration, and the legal process management software should be no different.  The package needs to allow the department requesting the legal services to see where the legal team is on the project, as well as allow the legal team to update the requestor.

    5. Resource Management. Some tasks can be delegated, and some should go directly to more senior members of the legal department.  The software should be able to simplify how the legal work is initiated within the department by routing the tasks appropriately.  For example, a variable specified in the software could route contract requests over $1 million directly to a general counsel, while a simpler contract review could be automatically sent to a more junior member of the team.


In the end, the software package chosen should allow the legal department to interact seamlessly with the rest of the organization so that the sales force does not worry about contracts not being prepared and the legal department does not have to search for work or re-route tasks within the department.  These five features ensure that the right processes are automated and that the entire organization, not just the legal department, can work collaboratively and increase productivity.

How to Turbo Charge Your Legal & Business Processes Using Technology

In the current climate of “doing more with less,” many organizations have seen layoffs across multiple departments, leaving those still standing to shoulder more responsibility with less assistance. Organizations that are still relying on the old methods of communicating and sharing work should consider project management software, a way to collaborate across departments using technology that can turbo-charge not only the legal department but the rest of the organization.

Process management is not just legal process management. It offers complete project planning capabilities, including document management, enterprise-class security, and communication features that make it easy to keep team members inside and outside the organization updated on the status of various matters/projects.  Collaboration becomes easier using technology, and as the project becomes more complex (as is common in many organizations), team members can stay abreast of developments without having to dig through emails or waste time making phone calls, only to get voice mail.

Imagine being able to manage tasks, set due dates, and schedule reminders from one interface. With the same software, team members can also update their status on a project as quickly and easily as updating their Facebook status, share documents with the team and track document versions, create and share budgets, receive regular budget estimates, and “nudge” other team members to update their status or cost estimates.

Those big projects become more manageable as information flows across the organization and to team members outside the organization. The ideal process management package allows users to log in using their regular web browser so that no extra software needs to be installed on workstations and allows for Microsoft Outlook integration, giving users the option of emailing directly to their projects.  The system is easy to use so that the process management interface is actually used, instead of reverting to the old way that wastes time and creates unnecessary stress.

Users tag their projects, tasks and documents, providing other users with the ability to view exactly where they are on the project and what documents have been uploaded. The interface is so seamless that everything from a simple task request to a large contract is viewed with just a few clicks.

If that sounds like the perfect solution, it is. To keep the IT and compliance departments happy, the ideal process management solution also has enterprise-class security with SAS Type II certification. That is the most secure certification available, and it ensures that only those with authorized access can view their projects, preventing prying eyes from stealing trade secrets and protecting confidential information.

This is the new, turbo-charged organization, using technology to collaborate across departments and even with outside vendors, allowing for fast, simplified project management. Imagine that for your organization, and then make it a reality.

Sign up for a trial today. All you need is an email address to get started.

The Time-Saving Benefits of a Legal Process Management System

Many organizations grapple with integrating the legal department with the rest of the company. Often, other departments only interface with the legal department when they need legal help, which makes perfect sense. What doesn't make sense is the way the legal department is contacted: via email, which can get lost in an already full inbox, or with a phone call, which can end up in the voicemail labyrinth. Legal process management can change the way the legal department works with the rest of the organization, saving time for all departments in the process.

Here’s how it works: instead of calling or emailing someone in the legal department and hoping that he is the right person, a salesperson instead requests a contract for, say, a $3 million, mission-critical sale through an easy-to-use intranet interface. Using a customized portal specific to the company, the salesperson enters the amount, when the contract is needed by, and who the parties are. The salesperson can also select items such as terms of the contract from a menu. The salesperson then clicks “OK,” and the request is routed to the appropriate person in the legal department.

Since this hypothetical contract is $3 million, and the legal department has already specified that contracts for $3 million or more should be sent directly to the general counsel for review, the general counsel then gets the notification to review the contract. He can then update the status of the request, allowing the salesperson to see that he is working on it, and review the contract.

Compare that with the old way, which would involve the salesperson sending an email to, say, a more junior member of the legal department. That junior attorney would then either forward the email immediately, assuming that he read it right away, or the email would sit in his inbox until he got around to reading it. Then he would forward it to the general counsel, perhaps hours later. The salesperson would be sitting on pins and needles because he wants to close the sale, and he would most likely send another email or call the legal department, only to be slowed down while the junior attorney was searching for the email. Meanwhile, the general counsel is sitting in his office, working on something important but not as critical.

Using legal process management cuts through that convoluted process and allows the general counsel to immediately begin work on reviewing the contract. He can keep the salesperson updated, delegate tasks through the legal process management interface, and have the contract ready in a timely fashion while not sacrificing quality.

Legal process management saves time, period. It makes everyone’s job easier, allowing them to focus on what they do best: for the junior attorney, working on smaller contracts; for the salesperson, snagging more business for the company; and for the general counsel, reviewing large matters and efficiently running the legal department.

Watch this short video to see how a tool like Onit can help your legal department reap the time-savings benefits of a legal process management system.

5 Things to Consider When Evaluating Legal Process Management Tools

Process management is inevitable when it comes to managing companies of all sizes. Consider all the processes that your employees deal with on a daily basis - accident/incident reports, contract review, employee termination, ethics violations, service mark/trademark registration, IP infringement, etc.

Process matters and process management tools can reduce costs, drive efficiently and enhance overall performance. Selecting the right legal process management tool requires evaluating several criteria. Careful analysis of these following 5 factors will ensure you select the optimal tool(s) for your company’s needs.

1. Deployment Selection: There are two basic models to consider; the traditional or enterprise model, or Software as a Service (SaaS) also known as the cloud model. Both have advantages and drawbacks to consider. Enterprise systems are customizable, have a high degree of complexity, while SaaS systems are ready made, and thus are much simpler to deploy. The complexity of an enterprise solution requires dedicated or virtual server space, and annual upgrades. SaaS solutions come with upgrades and maintenance included in the subscription, so there is no need to involve the IT department.

2. Cost: Enterprise solutions carry higher costs; they are purchased with licenses and require annual upgrades and maintenance which averages between 18-22% of the initial cost of the solution. SaaS subscriptions are much less expensive to purchase and maintain. Long term cost analysis should be conducted to determine the best fit.

3. Company Requirements: Assuming that your company recognizes the need for a legal process management tool, and has committed to the purchase, it needs to determine its requirements. At the very least, an automated solution needs to support process and workflow management across various departments and stakeholders with attention to deadlines and budget.

4. Integration Process: Carefully consider your company’s IT structure and area(s) of practice to ensure that the solution or combination of solutions you are considering are compatible with what is currently in place. Any good enterprise or cloud solution should offer availability, reliability, and security.

5. Consistency of Your Selected Solution: Process management involves numerous steps so it’s best to tie in with a reliable legal project management tool. This consistency ensures the scope of the project is clearly defined and the expectations are transparent. As part of this process, it is critical to have a centralized repository for documents, notes and relevant conversations related to the project. Your tool should be capable of managing all these aspects along with managing legal governance, risk and compliance.

An effective legal process management tool keeps everything flowing in a coherent, manner so companies can run smoothly and efficiently. Budget constraints and security concerns can be a roadblock to implement this type of tool but the benefits far out weight the cost. The right automated solution can drive costs, increase efficiency, and improve your company’s performance by streamlining workflow and increasing your legal team's accessibility to information.
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