Onit Named Market Leader in Enterprise Legal Management by Hyperion
Posted on December 22, 2015
Report Ranks Onit’s Legal E-billing and Matter Management Solutions as Market Leader in Process Management and Highly Innovative for Architecture and “Appification” Approach
Houston – December 22, 2015 -- Onit, Inc., the leading provider of Enterprise Legal Management (ELM) solutions, today announced that it was recognized by Hyperion as a market leader in process management and highly innovative for architecture and its “appification” approach.
“This report significantly raises the profile of our company as a market leader in ELM solutions,” commented Eric M. Elfman, Onit CEO and founder, Onit. “Our domain expertise from the last two decades and our innovative approach to solving the needs of global legal departments speaks to our passion for advancing and evolving the legal industry. We fundamentally believe that ELM is more than just Matter and Legal Spend Management and our solution is the only platform that lets you solve the “whole” of your legal department’s needs, whether that is for contract management, NDA creation and distribution, Legal Holds, SEC filings, eDiscovery or IP issues. Our ‘process’ approach is unlike any other ELM solution in the market today.”
The Hyperion MarketView™ Report: Enterprise Legal Management: E-Billing and Matter Management Systems also recognized Onit in areas critical to improving legal department operation in the following areas:
- Market Leader in Process Management - Onit’s App Builder platform allows users to focus on workflow management and process automation, rather than on data entry as with legacy systems – the Matter & Spend Management Solution itself offers the kind of strong functionality one would expect from a leading system.
- Highly Innovative in the "Appification" Approach - Call it the a la carte take on matter management: Onit allows for the routing of discrete tasks to discrete stakeholders and empowers users to access what they need when they need it. The architecture and underlying technology is decidedly modern and heavily geared toward the Web, enabling the fast-paced “appification” environment.
- “With its emphasis on “process management” as a means of introducing content scalability to legal operations, Onit can be seen as a disruptive player among ELM solution providers – possibly a paradigm shift brought about by the same team that shifted the market a generation ago.
The Hyperion MarketView™ Report is a comprehensive review of the e-billing and matter management market from the perspective of Enterprise Legal Management. Particularly oriented towards the solution needs of mid- to large-sized legal departments (i.e., Global 1000 organizations), the focus of the report is integrated solutions that include advanced capabilities in spend management, collaboration, workflow and advanced analytics.
Onit was formed by legal software industry experts Eric M. Elfman and Eric A. Smith, co-founders of Datacert, a leading provider of enterprise spend management software. Launched in early 2010, Onit deploys Smart Process Apps to simplify business process automation and improve business productivity across all departments and industries. The Onit App Builder allows business users to drive efficiency and productivity by combining business process management, project management and information management into one easy to use tool so the user can create their own Onit Apps without having to rely on IT for support.
Businesses have processes 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. With Onit Apps, processes are automated in a few clicks, responsible parties are notified immediately, and data collection is centralized. Onit doesn’t require any software to download or resources from IT. For more information, visit www.onit.com or contact 1-800-281-1330.