Preparing for New Heights
Onit partners with K1 Investment Management for a $200 million investment to accelerate global growth, fuel product development and scale operations.
Complicated or broken processes cripple businesses. They slow operations and create blind spots that make decisions difficult and ineffective. And too often businesses look to the wrong solution to fix these processes: creating a better database. What they should be looking to do is build better workflows. Where they should be looking is to Onit.
Onit partners with businesses to build custom enterprise-wide software solutions that can be implemented quickly, are easy to use, and drive better decisions.
We built our reputation as the leading provider of enterprise legal management software, and it’s still a specialty. But the capabilities of our platform aren’t limited to helping the enterprise legal department. By focusing on creating workflows built around best practices and the way you actually work, Onit helps you improve processes, create smarter operations, make informed decisions, and build a better business.
Watch the video to learn more about Onit’s innovative technology and how it’s become a market leader in enterprise legal management.
Onit is thrilled to announce that K1 Investment Management has made a $200 million strategic investment in our company. With the investment, Onit will scale operations to meet the increasing demand for innovative, market-leading process automation technology and enhance its back-end infrastructure to increase its scalable platform to meet continued growing client demand. Additionally, the […]
It’s that time of year for the 4th annual Best of Corporate Counsel reader choice survey! Today is your chance to let your voice be heard: Who are the top law firms and legal service providers serving the nation’s legal industry? As a valued Onit customer, we wanted to pass along an opportunity to participate in […]
A lot has happened in the world of Onit since July. We’ve selected some blogs spanning the past six months that may pique your interest and bring you up to date: Product-related posts: Enterprise Legal Management and Process Problems: Take Ultimate Ownership of Your Process Management The Long Road to Business Process Automation and Apptitude […]
“Most people have a very strong sense of organizational ownership, but I think what people have to own is an innovation agenda.” -Satya Nadella, CEO Microsoft Have you been looking at your department’s process management in terms of data problems? Join the crowd – we’ve all be guilty of that. But 2019 is right around […]
“Technology feeds on itself. Technology makes more technology possible.” – Alvin Toffler, Future Shock, 1970 When we think of how business process automation (BPA) got its start, Ford’s assembly line comes to mind for many people. For others, the invention of the steam engine was a pivotal moment in BPA history. Though the assembly line of […]
Our ELM solution encompasses all of ELM, from matter management, e-billing, analytics, vendor management, AFA and rate management to legal holds, contracts management and compliance workflows. We add structure to your legal processes with configurable software that evolves as your business evolves.
Gain real-time visibility into your matter portfolio and track all your matters throughout their lifecycle. In a few simple clicks, legal team members obtain immediate access to critical matter, financial, and performance metrics.
Onit contract management software provides visibility into contracts and creates reliable processes to complete their review, approval, execution and management, resulting in compressed revenue cycles, better supplier and vendor relationships and higher contract compliance rates.
Sales come from relationships. Strengthen those relationships with current and potential customers and land new business with a software solution that creates more efficient and effective processes for engagement.
Onit knows enterprise legal management software because its founders have been recognized for pioneering the industry nearly two decades ago, creating some of the first corporate, legal and IP spend and matter management solutions on the market.
It’s this perspective that let us recognize that without focusing on workflows and software built around how business naturally works, even the best business process automation software wasn’t going to be used. So, that’s where we focused, building software that will actually get adopted so that it can then drive improvements for the business.
"In its essence, it’s really important for corporate law departments to be involved in business processes and continuously optimize those processes to improve the performance of the business as a whole. That’s what keeps law departments innovative, creative and providing continuous value to the company.”
“We really focused on a system that provided more of the back-end and the analytics that we needed. …The team enhanced spend management capabilities to enable the ops team to work smarter, depreciating matter management “systems” like spreadsheets and SharePoint lists in favor of one ELM system of record that actually allowed for creating common processes and automation."
“The team has automated workflows and reporting supported by Onit’s business process management platform, and uses DocuSign to support its contracting needs with law firm panel members. By employing competitive, market-driven tools, the LOC was able to realize reductions in hourly panel rates ranging from 2 to 32 percent. In all, the creation of the LOC and its innovative work has saved AIG more than $200 million in legal costs in 2014 alone.”
“Onit has proven a great partner both in terms of its product features and the customer service support the Onit team provides. Onit provides a very nimble product that can be quickly modified and adapted for various business needs. This is not the case with the other products we considered in this space. My experience of Onit is that they are motivated not only to sell their product at the outset but to continue to improve the product and ensure customer success in the adoption and use of the product. It’s been a great experience so far.”
“Our internal clients have new insight at their fingertips through the (Onit) dashboard. As we manage the flood of work more effectively, we realize that transformation and invention can be an ongoing experience. The transformation was really complete. All of this has resulted in a fundamental change in how our legal team thinks about accomplishing their work.”