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.
“A successful lawsuit is the one worn by a policeman.” ― Robert Frost Federal Rules of Civil Procedure 37(e) states that when “electronically stored information that should have been preserved in the anticipation or conduct of litigation is lost because a party failed to take reasonable steps to preserve it, and it cannot be restored or replaced […]
“The best way to become essential for the companies that buy your products is to help them grow their business (i.e., to produce meaningful ROI) in unique ways. That is what solving customer problems is all about, and it’s as neat an encapsulation of the difference between enterprise and consumer software as we can offer.” […]
“Marriage is a financial contract; I have enough contracts already.” – Linda Fiorentino It’s a fact: businesses that implement a transparent contract management process compress their time to revenue; mitigate risks by having fewer contractual exceptions and increase customer satisfaction. Contracting is more complex than ever before, and this unfortunate trend is expected to continue. […]
The annual Corporate Legal Operations Consortium (CLOC) Institute is just around the corner and Onit is thrilled to be taking part again. Held in sunny Las Vegas, this session is titled, “A Platform Power Play: Why Workflow is Critical.” One of the key areas where law department operation professionals are seeking operational wins is by […]
Onit is pleased to announce that we’ve appointed a Chief Technology Officer (CTO) and Chief Operating Officer (COO). Chris Fields is our new CTO, a position previously held by co-founder Eric Smith who will now assume duties as COO. Chris most recently served as CTO for Innovative Interfaces where he led the Engineering and Product […]
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.”