Premium Product Gives Corporate Legal Departments Access to Powerful Suite of Legal Project, Process and Spend Management Tools at an Affordable Monthly Subscription
NEW YORK, Jan. 31, 2011 – Onit, Inc., a leading provider of online project, process, and spend management tools for business and legal professionals, today announced at LegalTech® New York 2011 it is launching Onit Premium, an upgraded version of its free product, for corporate legal departments. Designed with input from 12 general and corporate counsels from the Onit Advisory Group (OAG), Onit Premium addresses the market’s growing demand for affordable legal project, process and spend management technology.
Onit Premium is a comprehensive system that streamlines business processes, reduces operational costs and unifies legal knowledge between legal departments and their law firms.
“Onit Premium was uniquely developed with feedback from corporate legal departments that have a need for spend management technology but lack the resources or budget to purchase an expensive or cumbersome system,” commented Eric M. Elfman, co-founder and CEO, Onit. “We firmly believe that this technology should be available to all corporate legal departments and cost shouldn’t be a deterrent. Onit Premium is intended for legal departments that want a comprehensive solution that provides transparency into all legal projects, drives cost savings and ultimately yields better outcomes – whether they are project, process or spend-related.”
Onit Premium delivers real value to the entire organization by enhancing communication and collaboration between legal departments and their law firms and vendors. It also empowers legal departments to centralize knowledge and manage their legal projects with more predictability. All documents, notes, tasks, project plan items, etc. are fully searchable in Onit and users can assign multiple tags to any documents. Onit Premium doesn’t require any up-front costs and there is no software to install.
With Onit Premium, corporate legal departments can:
- Automate current manual legal processes
- Electronically review and approve electronic invoices from law firms and legal vendors
- Monitor Alternative Fee Arrangements (AFAs) and compare monthly retainers with shadow bills
- Create custom process templates specific to a legal department’s needs (e.g. Report Potential Risk, Request Employee Termination, Report Potential IP Infringement)
- Build custom legal forms for use by all company employees (e.g. Request Contract Review, Request NDA)
- Create project budgets and see variance reports on actual vs. projected expenses
- Create pre-built project templates with relevant notes, documents and project plan items
Pricing & Availability
Onit Premium is available immediately and pricing is based on the number of monthly subscribers. Demonstrations of Onit Premium will be conducted in the Cyber Café at LegalTech New York 2011 on the second floor of the exhibit hall. If you are not attending the tradeshow and wish to see a demonstration, please contact Jill Black.To find out how Onit can help your corporate legal department, watch this short video.
About Onit
Onit was formed by legal software industry experts Eric M. Elfman and Eric Smith, co-founders of Datacert, a leading provider of enterprise spend management software. Launched in early 2010, Onit Project is a light-weight online project management and business collaboration tool for legal and business professionals. Onit Process, the company’s latest product release, is a game changer for all companies that need to be more efficient, productive and process-driven. Businesses have process for everything -- whether it’s hiring a vendor or law firm, terminating an employee, submitting a contract for review, requesting a trademark request, obtaining an NDA, etc. Most of these processes are manual, paper intensive and cumbersome. Onit Process simplifies data collection and makes is easy for all employees to request business and legal services. Processes are automated in a few clicks and the responsible party is notified immediately. Onit is a simple, easy-to-use tool that doesn’t require any software to download. For more information, visit www.onit.com or contact 1-800-281-1330.