Author: Onit

How One Fortune 500 Corporation Accelerated Sales ReviewAIs

It can sometime take something very simple to make a big difference in a corporation. In this case, it involves how a Smart Process App transformed the sales review process for a Fortune 500 corporation.

Proir to turning to Smart Process Apps, an internal audit for this global industrial company revealed some process weaknesses around sales activities. Although the design of these processes was effective and compliant, the execution of these processes suffered due to user inconsistencies and a lack of transparency of the overall progress toward goals. People were often over-included or the process could take an inordinate amount of time to complete.

Signing the ContractSince the company deals with multi-million dollar sales quotations and deals on a regular basis, it was vital to quickly and consistently produce, review and finalize quotations and contracts in order to increase profits. It also needed to ensure that contracts for current high-risk, high-dollar clients had the appropriate balance of review and service.

All sale quotations entered the approval process with an evaluation by a cross-functional group that determined the level of review each quotation needed for approval. The approval level was tiered according to the size and specifications of each quotation. So, for example, a top-tier quotation (high dollar and high priority) might involve review from a larger number of individuals (from sales, legal, accounting, etc.) than a quotation that involved a lower amount of money or services.

Prior to introducing the Smart Process Apps from Onit, the company relied on emails to navigate this approval process. The level of review would be determined. The sales rep would email the quotation to the first reviewer and that individual would then review and edit it as necessary. If more information were needed, then he or she would have to return it to the sales person. The questions would be answered, the first reviewer would approve it and then it would move to the second reviewer.

This process would potentially be repeated multiple times across many stakeholders before the quotation could be approved and submitted to the prospect or client. Even if all reviewers were contacted at once, relying on email proved to be a burden to providing a quick, responsive review.

Without room for collaboration and shared information, the same questions could be asked numerous times, information could be changed without knowledge as to why it changed, keeping track of the latest version of the quote was a challenge and the process ultimately reduced the pace of review.

How did Smart Process Apps Make a Difference?

The adoption of Smart Process Apps from Onit greatly increased the transparency and speed of the quotation review process. The easily customizable app streamlined the process by automating the workflow for approval according to each quotation and its tier of approval. When initiated with just a few clicks and keystrokes, the quotation would quickly travel from reviewer to reviewer and could easily be configured to alter that workflow as necessary.

A collaborative workspace ensured that all knowledge around the quotation – including versions, questions or edits – was stored in an easily accessible location. Users received notification of all changes and could access the app and its collaborative workspace via smart phones, tablets and laptops.

Most importantly, this Smart Process App made it extremely simple to identify who was currently reviewing the quotation and how long it has been undergoing the review process.

The ReviewAI & Approval App has now been deployed to the worldwide sales force and has significantly accelerated the quotation review process. To date, quotations worth billions of dollars have passed through the App for review at a far quicker pace than email review.

If you would like to get more information on our Contact Review & Approval App, visit our App Market now.

Image courtesy of Jeroen van Oostrom / FreeDigitalPhotos.net

Is Your Enterprise Socially Enabled?

Corporations are struggling to migrate into socially enabled organizations but fully recognize the complexities involved with this transition, according to a recent study.

The study, conducted by Oracle, Social Media Today and Leader Networks, complied results gleaned from 900 marketing and technology executives worldwide.

The study defined a “socially enabled enterprise” as:

A set of collaborative processes that have the potential to yield improved business processes that are customer-driven such as a faster time to market with new products and services, more successful research and development outcomes and refined market messages that are explicitly influenced by customer needs.

The study identified a strong adoption of social platforms in polled organizations, with organizations with more than 50,000 employees leading the charge more successfully than smaller companies.  A majority of the respondents considered this part of a strategic agenda but also conceded that it would not be a simple transition.  

One finding that drew our interest here at Onit included the need for collaborative processes as a basis of a socially enabled enterprise.

Traditionally (and especially in large government agencies or Fortune® 500 corporations), organizations adopt enterprise software to handle tasks that may appear simple but are exponentially more difficult due to a larger number of the tasks of the same nature performed within the organization.

For example, think about a corporation executing a contract. Contracts can come from any number of different departments – Sales with a new customer, Procurement with an inventory order, or any department starting work with a new vendor. Legal must be involved – that’s a no-brainer. But once they begin negotiations, the information is loaded into legal’s enterprise software system which holds updates and notes only the legal department can access.Socially Enabled Enterprise

Any additional clarification, question, or redlines are handled outside the system via email, phone calls, or hallway discussions. This administrative overhead to keep everyone in the loop is too high to make collaboration feasible for every contract. This leaves invested stakeholders unable to access information about the status of a contract or provide valuable input to move it toward completion.

All of this combined makes it difficult for the multiple parties involved – for example sales, legal, and their clients – to easily ascertain an update on progress, the latest version of amended documents, discussions that may be holding up the document and how long overall it is taking overall to finalize the contract.

This is where Smart Process Apps comes in. These process-specific, light-weight apps are adept at handling tasks of this nature while housing all documents and discussions in one easily accessible repository, shepherding the contract through to completion and breaking down all obstacles to collaboration.  They make getting a status update on a project as easy as clicking on a link.

Forrester estimates that the market for Smart Process Apps will grow to $35 billion by 2015. Taken into context what they enable and how easily they enable it in a social business, this isn’t a large surprise.

Want to learn more about Smart Process Apps? Read our breakdown at onitprostg.wpengine.com/forrester.

Introducing the Smart Process App Market

Apps have come a long way in a very short amount of time. In 2009 when they began to gain wide-spread acceptance, they were primarily known as a new (albeit slightly chunky) way to access important information on the go – be it the weather, email or schedule. Now – a mere four years later – Apps have extended their clever (and sleek) influence beyond individual consumers and are cementing their usefulness in a corporate environment. This new breed of Smart Process Apps can play a vital role in any corporate department.

Call them part of Business 2.0. They’re leaner, more productive and less expensive than traditional software.

Business 2.0 u002D Apps in the workplace

Nowhere is this more evident than in our newly launched Onit App Market. It features more than 20 Smart Process Apps from Onit that tackle complex processes for compliance, HR, IT, legal, procurement, real estate and sales. They simplify and streamline important components of corporate success including contract administration, employee onboarding or termination, legal holds and board kit distribution.

Over the coming weeks, we will highlight our various Apps. But in the meantime, visit the Onit App Market to learn more about Onit Apps or request a free demo. It’ll be your first step to app-ifying your processes.

Microsoft License Service Providers – Staying Ahead of the Curve

You’ve survived the re-branding from being a Microsoft Large Account Reseller to becoming a Licensing Service Provider. Of course, that name change also came with changes to campaigns, promotions, and a focus on mobile products and Microsoft services. But you know that you haven’t weathered your last storm. With Steve Ballmer retiring and Microsoft’s emphasis on cloud computing, you know change is a constant in this industry.

Your ability to act quickly directly impacts your ability to stay competitive.

Often, however, the enterprise-class software you use doesn’t allow for rapid change or fast action on a time-sensitive opportunity. A new class of software is rising to address the need to be nimble with the need to manage large volumes of data.

Smart Process Apps – coined by Forrester – are light-weight, online apps that focus on providing collaborative spaces for dynamic workflow. With the ability to define approval processes, automated kick-off and next steps, and run reports for on-going work, these tools complement the repository and record-keeping functions of an enterprise system.

 

Move quicker, Close more

How Smart Process Apps Improve Legal Services for The Home Depot, APCO Worldwide and Pepper Hamilton

What do all businesses have in common? 

No matter what industry, products, services or customers, all businesses need processes. And successful businesses have flexible processes that can scale with demand as well as the right tools to support it.

Fortune® 500 and AmLaw 100 legal organizations are no different. Despite practicing law from different perspectives, the success of their organizations depends on their dexterity to respond to the demand for services as well as the ability to provide enhanced legal services. And an intriguing technology that is quickly emerging as a forerunner for enabling efficient and cost-effective processes is Smart Business Process Apps.

Defined by Forrester as “A new category of application software designed to support business activities that are people-intensive, highly variable, loosely structured and subject to frequent change,” these Apps are driving an elevated level of success in legal organizations.

In October, Onit will present a series of breakfast meetings that share how highly regarded organizations including The Home Depot, APCO Worldwide and Pepper Hamilton rely on Smart Business Process Apps to manage risk, increase responsiveness to clients, improve the productivity of attorneys and drive greater transparency around their portfolio of work.  

The first meeting – scheduled for Tuesday, October 8 in Atlanta – features Libby Troughton, Senior Manager in The Home Depot’s Legal IT department, who will discuss the company’s legal department business challenges, the need for the Onit ReviewAI & Approval App to improve performance,   the strategy they developed to implement it and the business results they’ve achieved.  

The roadshow continues on Wednesday, October 9 in Washington, D.C., as Jonathan Friedman, Assistant General Counsel APCO Worldwide, will share the reasons his legal department selected Smart Business Process Apps from Onit, how they were implemented and the results the legal team has seen to date.

On Tuesday, October 10, the roadshow continues to Boston. There, Peter Secor, Pepper Hamilton’s Director of Strategic Pricing and Project Management, will review the firms Alternative Fee Arrangement (AFA) processes and how Onit’s AFA Submission and Approval App helps the firm work towards its clients’ interests and supports the forecasting and budgeting processes critical to making the issue of pricing transparent so clients aren’t surprised about their legal bills.  

To learn more about these breakfast meetings or to register, visit https://www.onit.com/new-era-seminars

 

 

Legal Process Outsourcing – Embracing the Change

Legal Process Outsourcing – Embracing the Change

 

Ask your department to change a process. Go ahead. I’ll wait.

What did you hear back?

Change

“Why change? It’s working fine.”

“It’s never been tried before.”

“Customers won’t buy it.”

What is it about change that brings out the mule in people?  These responses and 47 more like them were recorded and published in 1959*. Yet, they still get a great workout in 2013.

Departments – like individuals – form (or inherit) habits, requirements, processes and perspectives and then often hold on to them with undying loyalty.  And this loyalty can continue even when it is acknowledged that the habits are negatively impacting performance and productivity.

Take, for example, legal process outsourcing (LPO). By outsourcing repetitive or specialized legal projects such as records management, patent applications, research or eDiscovery, law departments can better control costs, gain additional expertise and create higher levels of service for their clients.

However, this forward-thinking model often suffers from a reliance on traditional tools that impede the process.

The most common methods of tracking LPO activities and results usually involve manual processes and inadequate tools. Spreadsheets identify who handled an individual case and the overall status. Emails contain matter-specific information and conversations that are privy only to individual accounts holders.  Word documents house important drafts across multiple servers or machines.  When you factor in the number of projects and the individuals handling them worldwide, the result is a process that lacks transparency and accurate reporting, and (frankly) wastes valuable time.

It’s time to reject the mule and embrace the change.

The alternative to this hand-me-down process is a new category of software called Smart Process Apps. This new cloud-based software provides highly dexterous applications that easy accommodate collaboration-heavy processes with an intuitive user interface – and it runs right in a web browser. In fact, these Apps are becoming so prevalent that Forrester estimates the market for them will reach $34 billion by 2015.

With a Smart Process App, law departments can easily collect, automate, store, route and report on LPO projects and activities. It establishes a more systematic, intuitive and transparent approach to managing work portfolios and evolves users beyond the use of familiar (yet inadequate) tools that are used simply because they are handy.  Its configurability and features can accommodate the collaborative and unpredictable process and provide structure, reporting and organization visibility that tools such as Outlook, Excel, Word and SharePoint cannot.

In fact, one law department saved more than $1 million in costly outside counsel spend and now sources the appropriate attorneys to handle their appropriate work – all thanks to the adoption of a Smart Process App.

* Thanks to Bill Taylor for sharing this list in his article “The More Things Change, the More Our Objections to Change Stay the Same.” This is worth a read!

 

Legal Process Outsourcing eBook

 

 

Image courtsey freedigitalphotos.net and Danilo Rizzuti

Smart Process Apps – Simplifying Your Process

Sometimes the smartest solution is the simplest one. For example, would you rather light a fire with flint and steel or a match?

For years, large organizations have struggled with how to handle processes effectively and efficiently. In the evolution to move beyond paper-based operations, most corporations have defaulted to enterprise-wide solutions that ultimately prove to be bulky, expensive and overly structured in a manner that inhibited quick accommodation to sophisticated and changing processes.

That’s where Smart Process Apps come in. These flexible Apps can be deployed in hours and are responsive enough to ensure process compliance. They sidestep the complexities and costs of enterprise solutions while offering the user-friendly interface today’s users demand.

Here’s how one global company used Smart Process Apps to expedite their contract review process.

As one of the world’s largest business services firms for sales and marketing, ZS Associates has more than 20 offices worldwide and works with 700 companies in 70 countries across multiple industries. In 2013, the business adopted Smart Process Apps to expedite and add efficiency to its contract review process.

Contract review and approval is often one of the most arduous and time-consuming processes for a corporation.  A proper review means multiple parties – internal sales and legal professionals coupled with a client’s stakeholders – need to access, edit and comment on the contract’s content. It’s an intensively collaborative process that is often difficult to manage, track and report on. The company initially relied on spreadsheets and databases to track agreements but found the tools were only effective for short-term use and extremely time consuming.

The adoption of a Smart Process App enabled more agile client relations, easy collaboration and ultimately operational effectiveness by eliminating the manual steps of the process and automating them. As a result, reviewers could discover where contracts were, who completed the last revision, if/why a contract was blocked and what the next steps were in the process – which resulted in the ability to significantly expedite the approval process for business- and revenue-dependent contracts.

More and more companies are adopting Smart Process Apps to help with processes ranging from contract review to matter management to employee onboarding.

Tea Whiz and Toaster Eggs – When “Innovative” Products Outlive their Usefulness

 

Take a tour of the New Products Works Facility in Ann Arbor, Mich., and you’ll find a variety of products that – at one time – were considered interesting or maybe even innovative. There’s a BBQ marinade with a spray pump top. An egg concoction shaped like a bagel for easy toasting. Even a carbonated Arnold Palmer with an unfortunate name.

This façade for flops displays more than 120,000 food, beverage and health and beauty products from as far back as the ‘70s. They represent ideas that, in the long term, just didn’t make the cut. And now retired or defunct they hold a spot on this museum’s shelf.

This makes me wonder – when it comes to contract review and approval, will we soon see commonly adopted tools such as Outlook and Excel take a back seat to more innovative applications? 

Think about this: A recent survey discovered that 82.7% of legal department respondents indicated that their workloads have increased compared with the previous year, with more than 50% estimating that the workloads have increased by 10-30%. This, combined with a somewhat reduction in in-house hiring, means that a premium must be placed upon achieving a greater numberof tasks while reducing or refining the process associated with accomplishing them.

Take contract review and approval.  For most legal departments, this is a time- (and sigh-) inducing task. Contracts enter the review process and fall into a process that is scattered across spreadsheets, documents and emails. It’s hard to execute them quickly through revisions and inquiries and there’s very little transparency and communal history into the overall process.

So instead of struggling through a complex process with software that is ill-suited for the task, it’s time to turn to the proper tool for contract review and approval – Smart Business Process Apps. Smart Business Process Apps centralize contract activity, maintain version control, and provide real-time insight for all stakeholders.

This eBook offers an alternative to emails, spreadsheets and documents to manage your legal department and delves into how some legal departments have turned to Smart Business Process Apps to streamline routine legal tasks and reduce processing time.

Maybe next time we take a virtual tour of the New Products Works Facility we’ll see another addition to its shelves.

Paging the Law Firm of 2020

You don’t have to watch Looper, Terminator or Bill & Ted’s Excellent Adventure to know that the future can be a tricky thing to predict. Even trends as close as two decades away can be difficult to see.

Think on this:

  • Thirty years ago, you could find a typewriter in every office.
  • Twenty years ago, we were figuring out this thing called the World Wide Web. (Remember dialing in?)
  • Ten years ago, mobile phones – the kind with basic calling and texting capabilities only – became a widespread phenomenon.
  • Now, mobile devices such as smart phones and tablets and applications allow us to work and play from almost anywhere.

Now, the International Legal Technology Association has launched an initiative to discover how technology and the way legal organizations use it will develop. This includes providing long-term insights into legal technology strategies for the next 10-15 years such as:

  • Defining key driving forces shaping business and the legal profession
  • Identifying a likely timeline of IT developments
  • Examining how IT advancements can be leveraged to help enable and enhance tomorrow’s legal organizations

If you’d like to contribute to the study, ILTA invites you to answer two surveys:

  • Business applications survey: http://s.zoomerang.com/s/futurehorizons
  • Timelines survey: http://s.zoomerang.com/s/ILTAEmergingTech

The interim results will be covered in a keynote presentation during ILTA’s annual conference in Las Vegas. It features Rohit Talwar of Fast Future Research Ltd., who will also discuss the future of legal IT and highlight how law firms can leverage emerging technologies coupled with new paradigm thinking to change everything from firm strategies and business models to the way tomorrow’s lawyer is recruited, developed and rewarded.

The landscape of business and the technology that supports it is constantly changing. Already, legal organizations and corporate legal departments are trending away from enterprise-wide solutions to flexible, light-weight applications that can readily support their changing business processes and priorities. The legal organization that thrived 20 years ago operates very differently today and doubtless will continue to evolve as it works to accommodate the needs of its clients.

We’ll share more information on this study as it progresses.

The Contract Administration Challenge: Find a Two-Year Old Contract in 30 Seconds

How organized are you? If your client asks for a copy of a contract from two years ago, can you find it in minutes? Seconds? Or do you find yourself wasting hours by drudging through piles of files and canyons of paper?

If you’re relying on paper-, email or spreadsheet-based processes for contract administration, chances are you won’t be able to keep an accurate track of contracts.  The lack of a central repository means there is no easily accessible access to the contract library and the ability to perform robust searches.  It’s difficult to correlate specific communications – especially ones from two years ago – with the right contract. You can lose track of renewal dates or even pull up the wrong version of a contract. 

Don’t make contract administration difficult. The right tools – such as the Onit Contract Administration App – can streamline, automate and access the contract information you need in the snap of a finger. But don’t take my word for it. Check out how Amy and Ben handle contract administration.