Author: Onit

3 Steps to Creating a Solid Foundation for Your Change Initiative

The need for change is ubiquitous in today’s business environment. Moreover, true leadership is recognized and celebrated when people develop a great idea for change and successfully implement that change in an organization.

You already have many ideas for how to change things for the better. You see inefficiencies every day in your job. Once you have that great idea for change, now what? The key to successful change management is making sure you lay a sturdy foundation for the change process you are advocating.

Here are three foundational steps you should take as you begin your change initiative.

1. Establish a Sense of Urgency

Establishing a sense of urgency is extremely important. By making your issue a daily topic of conversation, you will find people who agree on the need for change as much as you do.

2. Form a Change Coalition

Putting together a coalition simply means forming an advocacy group that will help you communicate and lobby for your vision. The people that you find by discussing the urgent need for change will become early members of your coalition. The members of your coalition will have one thing in common: the problem that needs changing. Ideally, populate your coalition with people from cross-functional teams as this will help you get buy-in from all levels of the organization.

3. Communicate the Ugly Reality (and Your Vision for a Brighter Future)

Once you have your coalition by your side, it is time to communicate your vision across the organization. An important part of this task is being prepared to diffuse various types of resistance you will encounter. There are myriad reasons why change initiatives meet resistance, but by recognizing that all change requires persuasion, you can better prepare your argument. The key to getting people in your organization on board is making the problem compelling and relatable, presenting data that supports your vision and appealing to their reptilian brain that your vision is the only way forward.

By devoting some time and focus to creating a good foundation for your change initiative, you set yourself up for a greater chance of success. Onit can help you be an agent for change.

To learn more about initiating your first change initiative, download our whitepaper, Your First Enterprise App: 6 Ways to Successfully Implement Change in Your Company.

ACC 2014: ZS Associates Among Value Champions to be Recognized at the Annual Meeting

Here at Onit, we are excited for next week’s festivities in New Orleans. The Association for Corporate Counsel Annual (ACC) Meeting is due to be a great conference with over 100 CLE/PD programs and in-house counsel from more than 40 countries. In addition to being jam-packed with information, best practices and lots of opportunities to connect, ACC will celebrate this year’s Value Champion winners, including Onit’s client ZS Associates.

Here are just some of the highlights:

Tuesday, October 28

ACC Value Challenge Steering Committee roundtable with Value Champions to discuss the future of the value movement.

 4:30 p.m. – 6:45p.m.

ACC Leadership Dinner

7:45 p.m.

During the dinner, ZS Associates and other ACC Value Champions will be recognized and presented with trophies. The ZS Associates winning team includes Jennifer Billingsley, Simi Chhabria, Rachel Kemper, Sarah Schwartz, Steve Vaskov, Stasha Jain, Indraneel More and Shree Mehta.

Tuesday, October 29

The ACC Value Champions Series: Who Says You Need Big Spend/Size to Drive Value?

11:00 a.m. to 12:30 p.m.

Part of the Driving Change track, Jennifer Billingsley, Former Chief Legal Counsel at ZS Associates, will be part of a panel discussing how applying simple tools can help manage workflows across multiple internal and external resources. Also learn how these Value Champions used lean processes values to meet expanding demand. This is a practical session designed to give you real-world solutions that you can apply at your company.

Learn more about ZS Associates, their Value Champion designation, and how Onit Apps played a big role in their winning strategy.

Lunch: Talent is Overrated – Real Truths of Great Performance

12:45 pm – 2:15 p.m.

Geoff Colvin, Senior Editor-at-Large for Fortune Magazine, and author of “Talent is Overrated: What Really Separates World-Class Performers from Everyone Else” will deliver the keynote address. Colvin will discuss the global economy and how businesses can adopt very specific behaviors to ensure they are successful. Colvin asks the question: what if everything you knew about raw talent, hard work and great performance is wrong? There have been many changes to the legal profession as we know it, and Colvin will give you practical advice on how you can be a great performer in the new environment. 

The ACC Value Champions Series: Faster, Better, Cheaper Legal Services Through Technology, Lean, and Continuous Improvement

4:30 p.m. – 6:00 p.m. 

In this Driving Change session, Value Champions from eBay and Bank of America among others will discuss how to meet in-house demand for legal services by driving efficiency through technology, training and more.

Meet the ACC Value Champions

6:00 p.m. – 7:00 p.m.

After you’ve heard some of the case studies in the Driving Change track, come meet and mingle with the winners at the ACC booth during the General Reception.

If you are headed to the conference, make sure to come visit Onit at booth #1002. Jill Black, Jim Currie, Laura McIntyre, Stasha Jain and Chris Driver will be in attendance. We’d love to show you how our legal Apps can drive change in your organization.

Onit Presents at 2014 Operational Excellence in Insurance: Navigating the “New BPM” Landscape: Taming Business Process and Empowering Knowledge Workers

With a host of regulatory and economic pressures facing the insurance industry, the time is ripe for processes that enable operational efficiency and visibility. The 2014 PEX Operational Excellence in Insurance Forum is a conference that aims to give organizations a framework for developing strategies for change through process improvement. The conference scheduled for Oct 27-29 in New York features presentations from more than 20 experts in companies including Prudential, AIG and State Farm.

On Tuesday, October 28 at 11:35 ET, Paul Zengilowski, Onit’s Customer Experience Executive, will present Navigating the “New BPM” Landscape: Taming Business Process and Empowering Knowledge Workers. Despite business process management (BPM) being a top initiative at most global companies, it is nearly impossible to tame the chaos around processes because of a lack of visibility and use of antiquated systems. Paul will lead a discussion on how Smart Process Apps can bridge the gap between old systems and change. Because of their flexibility, ease of use and low deployment costs, Smart Process Apps enable knowledge workers to focus on process results rather than difficult technology.

In this presentation, Zengilowski’s will highlight:

  • The simplicity of creating business Apps and how it facilitates rapid development and “learn by doing” mentality
  • The importance of delivering world-class customer value that supports all points of interactions between knowledge workers
  • The difference between a standard development toolset and custom development through IT
  • The strategic value and ROI of moving process initiation and approval out of email to gain increased transparency

Closing the Loop in the NDA Lifecycle

For many organizations, the non-disclosure agreement (NDA) lifecycle is an often-overlooked Achilles heel. These critical documents protect intellectual property, but too often they are pulled together haphazardly, not countersigned, and left to languish in an email inbox. Work commences, and both parties forget about the NDA until a problem arises.

However, products and services are becoming more complex, meaning that more businesses have their own “secret sauce” that needs diligent protection. Combine this with an evolving workforce trending towards third-party contractors, NDAs are an essential first step in establishing a business relationship. If that first step takes too long, or isn’t handled properly, it can mean a missed opportunity or worse, a dispute where you lack the legal leg to stand on.

With the increased need for tools that help track NDAs, as well as standardizing mechanisms that help to facilitate a timely preparation, organizations are left looking for solutions. Some companies have adopted rudimentary word processing templates; others rely on spreadsheets for tracking sent NDAs and monitoring renewals. Progressive organizations are storing the NDAs in document management systems and calendaring renewal dates. At the end of the day, someone still has to ride herd on NDA formats and statuses. This becomes especially true when non-standard or special provisions need to go into NDAs dealing with the most secret of secret sauces.

How To Close the NDA Lifecycle Loop

There is a solution to this gaping compliance, however. Fortune 500 companies have discovered the solution to their NDA woes in a customizable, quick-to-implement and easy-to-use App. Onit’s NDA App can hit the ground running in a matter of days, not weeks, and integrate with document repositories for easy access to documents that need attention. Getting started with an NDA is simple: the NDA App allows users to cement business relationships quickly using standard NDAs, and work can start. And with the NDA App, organizations can track outstanding NDAs and know when their agreements are up for renewal.

When NDAs become a simple, repeatable process, leveraging the NDA App to add that level of consistency and visibility, organizations can stay on top of their legal obligations and protect their secret sauce. There will be exceptions, of course, when a relationship calls for a more complex NDA. However, instead of the legal team reviewing every single NDA generated, the legal team can focus on the ones that are the exceptions, not the rule. Meanwhile, the user-generated NDAs comply with company policy and are fully audited.

Onit’s NDA App effectively closes the loop on the NDA lifecycle: notifying the participants and closing the request once an NDA is fully executed.  Moreover, as the icing on the cake, Onit’s NDA App also includes support for the two most popular e-signature vendors, EchoSign and DocuSign. The NDA App helps you manage the NDA lifecycle from creation to execution, jump-starting what will be a productive working relationship.

To learn more about how an app can simplify the NDA lifecycle, download the whitepaper: Coming Full Circle: Using Technology to Close NDA Lifecycle Gaps.

To close the loop on your NDA lifecycle, Onit can help! Contact us today.

How Ad Hoc Turns NDAs into Nightmares

There are times when ad hoc can be a wonderful thing: when groups come together as a committee for a special event, or when an urgent and isolated situation calls for a creative solution. However, when it comes to a critical business activity such as administering Non-Disclosure Agreements (NDAs), ad hoc solutions can be a disaster. Merriam-Webster’s very definition of ad hoc is “for the particular case at hand without consideration of wider application,” and when companies go ad hoc with NDAs, inconsistency and non-compliance become the norm.

Many organizations have tried standardizing their NDA process from start to finish, beginning with word processing templates. But the problem with document templates is that they, too, develop into ad hoc solutions as users customize the NDAs for their particular situations, recycle previously modified NDAs, and change provisions until the document sent to the other party is very different than what the company intended.

The next step in the NDA process is sending the document to the other party, getting confirmation of receipt and then tracking whether or not the NDA was countersigned. If your NDA process is ad hoc, no one keeps track of whether or not the document was signed by both parties, nor does anyone know if, and where, the signed NDA is filed. Considering our dependence on electronic communication, if the signed NDA is received by the originating party, then it is likely left to languish in an inbox or email folder. While most of the time this isn’t an issue, sticky situations can arise if dealings with the other party go awry, and the company cannot find the signed NDA.

Many companies have tried to standardize tracking with another ad hoc solution, the spreadsheet. Someone in the legal department inputs when NDAs are sent out, if the NDA needs to be renewed, and whether or not it was received. However, this approach doesn’t take into account NDAs being created and sent on the fly. It also depends on human input at every stage and doesn’t give you real-time visibility into the process. Additionally, the spreadsheet may be buried on someone’s hard drive or in a folder on the server, which may cause problems down the road if the employee has left his/her position.

With one ad hoc solution piled on top of another, it’s no wonder that what should be a simple agreement between two parties to kick off a business relationship turns into something that can leave a gaping hole in your legal state of affairs. Ad hoc is the enemy of repeatability, efficiency, and risk management. It undermines all attempts to standardize processes and is not a long-term solution for an ongoing business need. Ad hoc is the problem, not the solution.

The answer to ad hoc is something that can standardize the process and bring its lifecycle full circle: Onit’s NDA App. The right solution is an App that integrates into document management repositories, allows users to track status, provides users with the ability to create standard NDAs, and routes non-standard NDAs to the appropriate person for review. It manages renewal and termination dates and non-standard terms. The end result is a closed-loop process that helps the company comply with internal policy requirements and external legal obligations, all while keeping the NDA process efficient so that your work can commence.

Need to eliminate ad hoc from your critical business processes? Learn more about Onit’s NDA App in this white paper.

Key Takeaways from ILTA 2014

ILTA’s 37th Annual Conference in Nashville was a whirlwind. With the theme of “Imagine” and an eye towards the future of legal technology, the conference had an optimistic undercurrent. But here was a decidedly more urgent sentiment in the air: firms need to innovate with technology as they can no longer afford to ignore their IT limitations. In the kick-off keynote, Peter Diamandis gave a rallying cry for innovation, saying that in our world of constant, and increasingly quicker change, you must be willing to disrupt your company (or product, or process), or someone else will. 

Read more about Diamandis’ keynote.

Two key findings from the 2014 ILTA/InsideLegal Technology Purchasing Survey, released at the conference:

  • Technology budgets increased 6% over 2013, with 49% of all responding firms indicated that their technology budgets increased in 2014.
  • When asked what IT challenges their firms are facing, email management tops the list followed by cloud-related security risks and risk management and compliance.

Read InsideLegal’s 2014 survey here.

At Onit, the above statistics are – excuse the Nashville-themed pun – music to our ears. We are encouraged that law firms are increasing their commitment to investing in smart technology solutions. We are also encouraged by our conversations with conference attendees, who overwhelmingly told us that their firms are more open than ever to exploring the connection between technology and the impact it can have on their business.

We also heard rumblings about enterprise software solutions and the inherent end-of-life problems that go along with that investment. At Onit we believe there is an urgent need to fill in the gaps of existing software, which necessitates the need for adaptable, quickly deployed Smart Process Apps.

ILTA may be over, but Onit Smart Process Apps are here to help you solve your most pressing IT and process challenges. Contact us to learn more about our AFA and Collaborative Budgeting Apps or download the eBook, Smart Process Apps: Adding “Engagement” to Systems of Record, to learn more.

Did you miss the conference? We’ve compiled a few links to various ILTA recaps and conference news:

Does ILTA 2014 Offer Indicators of a Shift to Strategic Law Firm IT?

ILTA Marks Debut of CTRL: The Coalition of Technology Resources for Lawyers

The Post #ILTA14 Guide to Stats, Facts, Quotes and Quips

ILTA Keynote Summary: Disruptive Technologies and Abundance

Stealth Disruption in Law Firms

ILTA Exhibits Got Rhythm in Nashville

Build a Team of “Intra-preneurs” with Onit Smart Process Apps

First things first: What exactly is an “intrapreneur?” While the concept comes up frequently in Eric Reis’ recent book The Lean Startup, the term itself has been part of business vernacular for decades. Its definition is simple – an intrapreneur is “a manager within a company who promotes innovative product development and marketing.”

Even in 1992 this wasn’t a new concept, it simply gave a name to something that had been at the heart of business innovation for decades. To this day, intrapraneurs are everywhere in business. Whether a part of a sales and marketing team or a back-office legal department, intrapraneurs are constantly challenging the status quo and driving new ideas that help your business grow.

I know what you must be thinking at this point – Isn’t promotion of innovative ideas just part of the job? Shouldn’t all sales managers already be striving to grow the business? What makes an intrapreneur so special? What sets them apart?

The key to making a lasting impact as an intrapraneur is in understanding that process and workflow are at the heart of innovation.

Unfortunately, innovation and growth can be challenged by inadequate software used to manage process – like email and spreadsheets – and a lack of sufficient visibility into the process.

If you were to ask an intrapraneur if they are making their program or business process better, they most likely would say yes. But if you follow up by asking them, “How do you know?” – you might get some interestingly vague responses.

In this blog post, we hope to give you some ideas on how to innovate despite corporate IT and inadequate software tools and overcome uncertainty in process improvement.

Lean Startup Principles and Smart Process Apps Make Innovation Easy

Here are three guidelines from Eric Ries’ The Lean Startup that might help your company get started:

1.    Establish a Baseline with a Minimum Viable Product (MVP)

The first step towards that next ground-breaking business idea is to establish a baseline of data around how your users, whether they are the company’s customers or an army of sales reps, will actually perform your process.

This is where Onit can help.

Onit will build you a MVP within a matter of hours or days that you can get in the hands of your customers to see how they perform with your product.

2.    Tune the Baseline Toward the Ideal

Now that you have an Onit App or two that your customers are using, you can begin to fine-tune the system.

Onit automatically records every action a user takes when they are using your Apps. That means you can extract the data to analyze on your own, or Onit can build you amazing reporting dashboards to help you stay on top of your processes.

The detailed reporting capabilities will allow you to identify bottlenecks and inefficiencies standing in the way of innovation. By carefully analyzing these bottlenecks, you can make the executive decision to change aspects of the process. Perhaps that API call to Salesforce.com should execute before it gets to the legal team, or maybe the VP of Sales should review that contract before it makes it to the team in India.

When you have the ability to rapidly iterate on your design, you can quickly refine your process to be efficient and effective – even if it wasn’t at first.

3.    Pivot or Persevere

After a sufficiently long period of execution with your App, you’ll have lots of data and analyses on how your business could work. You’ll have insights that simply weren’t possible before.

With this information, you can make a clear decision on whether to continue scaling and building on your idea or to pivot to another one altogether.

If you decide to pivot, Onit licenses by the process, so it is very easy to switch to a totally different design without significantly affecting your cost.

Execution is All That Matters

Whether you are a Silicon Valley startup or a Fortune 100, execution is all that matters. You can have the best idea in the world for your business, but unless you make it happen and measure the results, you’ll never make an impact.

Onit is here to help you do just that.

We believe that process and workflow are the most important ingredients in business and we know a good deal about lean startup process improvement because we are a startup ourselves.

Email us today at [email protected] to start a conversation with one of our business process consultants. We will help you refine the design of your process and build your minimum viable product Apps to establish your baseline.

With the Onit Team and Smart Process Apps on your side, you can pave the way for all the intrapreneurs within your company to take your business to the next level.

Onit Customers Outperform DJIA and S&P 500 on H1 YTD Growth

Onit today announced the creation of an index of its publicly traded customers called the Onit Index. Created to monitor the long-term success of its customers, the index shows astonishing results for the first half of 2014. As of June 2014, the average Onit Index stock value increase was 23.7% higher than the S&P 500 and Dow 30 indices averages.

The Onit Index is comprised of 10 Fortune® 500 companies, five large global companies and three smaller companies across a variety of industries, including technology, insurance, legal, consulting, financial services, healthcare, consumer retail, industrial, pharmaceutical, and energy. The interactive graph below shows YTD growth from January through June 2014.

“We were delighted to find that the Onit Index far outperformed both the Dow 30 and S&P 500 indices,” said CEO Eric M. Elfman, “While we cannot take credit for our customers’ success, we believe that the index is an indicator that fast-growing, innovative companies are turning to cutting-edge technology and choosing Onit Apps over traditional software systems and enterprise platforms. Our Apps not only help customers streamline operations, control costs, and reduce company risk but they can play a pivotal role in their overall profitability.”  

ZS Associates Wins ACC Value Challenge; Onit Apps a Key Part of Their Strategy

Onit would like to congratulate ZS Associates for being recognized as a 2014 ACC Value Champion. With the objective of sharing industry best practices and “reconnecting the value and cost of legal services,” The ACC Value Challenge recognizes “value leaders” who have successfully facilitated changes in order to better meet corporate growth objectives.

Jennifer Billingsley, former chief legal counsel at ZS Associates, used a multi-faceted approach to transform her department, from smart outsourcing to specialization to technology. A key factor in the transformation was working with Onit to deploy Smart Process Apps.

The implementation of a new customer service portal and a legal work request submission and tracking tool:

  • Introduced automation to built greater efficiency
  • Increased collaboration between internal clients and counsel
  • Facilitated more project visibility for internal clients

“The result?”
“Doing more with less, while increasing quality and results.”
— Association of Corporate Counsel, 2014

Here is an excerpt from ACC’s profile of ZS Associates’ award-winning strategy:

Like so many in-house legal departments at successful companies, the one at ZS Associates saw requests for legal work increasing as the company grew, while departmental headcount remained static. Yet, the department was a victim of its own success: “We definitely had that ‘free legal services’ problem,” says Jennifer Billingsley, former chief legal counsel at the company. To begin the value journey, the department devised a new mission statement that emphasized the expertise its six attorneys and two paralegals could bring to appropriate legal work—”to provide pragmatic, responsive, value-added and cost-effective legal solutions, while balancing risks and rewards”—then set about finding efficient solutions for everything else. The ZS team took several steps to transform the way they work, including utilizing RFPs to source outside, less-expensive resources on major matters; implementing new technology to track matters, automate workflow and link to electronic contracts; and using a legal process outsourcer to do first-line markups, research and administrative tasks.  

Click here to read the entire article.

How do you transform your in-house practice to meet the growth needs of your company?  Onit Apps can help!

Contact us today to see how our Legal Apps can transform your legal department and “possibly” make your team an ACC Value Challenge winner in 2015.

Sources:

“Small Department Stretches to Meet Demand Growth.” by Jennifer J. Salopek

http://www.acc.com/valuechallenge/valuechamps/2014champ_profilezsassociates.cfm

About The ACC Value Challenge: http://www.acc.com/valuechallenge/about/index.cfm

What Sales Leaders Can Learn from Microsoft’s New CEO

Last week marked a major milestone in Microsoft’s company history when they held their first Worldwide Partner Conference (WPC) with their new CEO, Satya Nadella.

Nadella has proven to be remarkably sophisticated in his thoughts on running Microsoft – from evoking quotes from German philosopher Friedrich Niezsche in describing his corporate vision to joking about sorting algorithms when expressing their “mobile-first, cloud-first” market strategy.

Beyond Nadella’s scholarly sense of humor, he also expressed some hard-earned wisdom about running one of the world’s largest, and arguably most important, channel sales organizations.

Here are some key insights all sales leaders can learn from Nadella:

1. Your Channel Partnerships are Integral to Adding Leverage to Your Business Growth

Simply stated. It’s important to foster these relationships.

Your direct sales organization can only generate so many customer touches a day, but when each of your sales reps has multiple partners collaborating with them on sales opportunities, you have effectively multiplied the power of your sales organization.

Unfortunately, most sales organizations do not align their sales personnel with their channel and other partners as well as they should.

One rep from your organization likely maps to five or ten different reps in partnering organizations, and with each organization, different CRM and content management systems are used that are often incompatible across corporate lines. This makes it extremely difficult to collaborate effectively.

Onit has been working with IT channel resellers and top vendors such as Microsoft, VMware, Dell, and Google to improve their channel relationships with business process Apps that cross the corporate communication barrier.

In addition to providing visibility across multiple corporate environments, Onit’s rapidly adaptable workflow management system allows us to quickly modify business processes to optimize your channel strategy over time.

2. Keeping a Lean Team Structure Can Help You Have Consistent Execution

The day following Nadella’s keynote address at the Microsoft WPC, he announced a company-wide layoff of 18,000 employees over the next year. Most of that was to trim some of the fat from the Nokia acquisition, but a significant amount of this layoff is to reduce some of the structural leadership layers that were bloating the decision-making process. The idea is to make leadership teams more lean and capable of quickly adapting and making decisions.

Keeping a lean team structure like this can help you attain more consistent execution across your sales leadership, and that’s a good thing when it comes to ensuring your customers experience the same high caliber of performance from your sales teams.

Unfortunately, it can be difficult to manage that consistent execution across your sales teams, even if your sales team is already as lean as possible.  

Process can help create a healthy culture of consistent execution but processes run with spreadsheets and emails tend to fray out of control over time.

Onit can help you design a series of Business Process Apps that will help you maintain a consistent level of execution across your teams, all while providing the level of agility to change and stay optimized over the competition.

3. Increasingly Ubiquitous Technology Makes Human Attention the Most Valuable Commodity

The “Internet of Things” – and as Salesforce.com calls it – the “Internet of Everything” is fast approaching, with sensors on everything from our refrigerators to children’s diapers.

This data, stored and managed in the cloud, provides a wealth of wisdom to those who are interested. But there is a downside ….And this is the point Nadella made in his keynote at WPC.

With so many resources and information available at the click of a button, human interaction is becoming the most valuable commodity on earth. And as a result, productivity tools are even more important than ever.

We at Onit couldn’t agree more, especially when it comes to the attention of your sales team. It’s critical to be as efficient as possible so they can focus on high value tasks like closing deals and driving revenue.

At Onit, we work with our customers to develop custom business process workflows for everything from prospecting to opportunity management to account lifecycle management and everything in between. This is all integrated with your preferred system of record, whether it’s Salesforce.com, SugarCRM or an in-house proprietary system.

Don’t waste time with someone else’s vision of what a CRM is supposed to do. Let us build your vision for sales productivity. We can build an App for you. Contact us today for a complimentary consultation of one of your sales processes.