Author: Onit

Onit to Unveil Contract Lifecycle Management Solution at ACC Annual Meeting

Onit is eagerly anticipating the unveiling of its Contract Lifecycle Management (CLM) solution at the 2017 ACC Annual Meeting in Washington, DC. On October 16-18. Here’s a preview of some cutting-edge features of our new offering:

  • A clause library with various clause-level controls to help drive workflow with the legal department
  • Version control and negotiations management to allow multiple parties to manage versions during the redlining process
  • Contract authoring functionality that gives users the ability to build custom contracts with clauses from a clause library

Schedule a 30-minute demo with us to see how this new solution can manage the entire lifecycle of your contracts – from origination to execution, storage, administration and renewal.

We will have a demo room on the exhibit floor. We will also be scheduling demos of our other solutions (e.g. legal e-billing, matter management, legal holds, legal service request, NDA, etc).

The ACC Annual Meeting is the world’s largest educational event for in-house legal counsel. It includes two-and-a-half days of unsurpassed networking opportunities and advanced education seminars focused on leading topics of interest to the in-house counsel professional. This meeting is a rare opportunity to present your products and service to a large, exclusively in-house counsel audience, build relationships and establish your organization as a key supporter of the corporate counsel community.

Onit is Honored to be a Top Houston B2B Software and App Developer

Onit is excited to announce that we are one of only 22 Houston-area companies to be named a 2016 Largest Houston-area B2B Business Software and App Developer. This honor is bestowed once each year by the Houston Business Journal, and is based on annual revenue, percentage of business coming from SaaS, and other factors.

The Houston Business Journal Book of Lists provides listings of the hottest area companies in their fields, and its uses include business research, fundraising and sales prospecting.

Onit secured the #14 spot on the list and is eager to get a top 10 listing next year.

Onit Client David Cambria Recognized as a Global Leader and Influencer in Legal Business

Onit is pleased to announce that David Cambria, Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland, has been recognized as a Global Leader and Influencer in Legal Business by the Association of International Law Firm Networks (AILFN). This prestigious directory published by AILFN covers corporate counsel and legal operations, bar associations, legal networks, consultants, technology companies, LPO, academics, publishers and others. Congratulations, David, for this well-deserved recognition!

To learn more about the 2018 List of Leaders and Influencers, visit the website.

Onit Customer Archer Daniels Midland Company to Speak at Corporate Counsel Forum Europe on September 21

Archer Daniels Midland Company (ADM) will participate in the Corporate Counsel Forum Europe, taking place in Surrey, England September 21-22. David Cambria, General Director of Operations – Law Compliance and Government Relations at ADM will discuss how legal departments can provide “continuous” value to the company, drive operational improvements and allow employees to work in the systems they prefer. The session, “Extracting and Demonstrating Value: People, Process and Automation,” will highlight:

  • The importance of process, workflow and collaboration
  • How a business automation tool solves needs beyond e-billing and matter management
  • Key benchmarks and metrics that drive innovation and transformation in legal operations

A winner of the Transatlantic Legal Department of the Year 2017, Cambria will also discuss how they designed and implemented sustainable processes and systems to “make the complex simple.” He will conclude by discussing their global rollout and how real-time access to legal spend provided predictive metrics and reporting dashboards.

Onit and Archer Daniels Midland Company Honored as Recipients of the 2017 Best Use of Legal Technology Award

The Buying Legal Council, the international trade organization for legal procurement, announced the winners of the first ever Legal Procurement Awards at the 2017 Buying Legal Council North America Legal Procurement conference.

Onit is honored to be the recipient, jointly with Archer Daniels Midland Company of the 2017 Best Use of Legal Technology Award!

Our citation reads as follows:

“In only 6 months, Onit and Archer Daniels Midland were able to significantly improve the company’s legal spend management through efficient and effective use of technology. Together, they developed an enterprise spend management platform that encompassed ADM’s legal spend in 160 countries. Onit and ADM leveraged change management techniques and built alliances with ADM’s shared services organizations. The intention was to ensure and streamline operations and the adoption of the technology. Training and regionalized floor support for the technology helped speed deployment and compliance. The combination of innovation, automated tools, process re-engineering and technology helped ADM save millions of dollars of legal spend. This year’s BEST USE OF TECHNOLOGY AWARD goes to Onit and ADM Congratulations!”

“We wanted to identify and acknowledge best-in class leaders in legal procurement,” says Dr. Silvia Hodges Silverstein, executive director of the Buying Legal Council. “Each award winner and honorable mention not only succeeded in their areas, but surpassed the current status quo of the discipline. These leaders in legal procurement are at the forefront of new developments. We all do well learning from them and getting inspired by them.”

Submissions for the awards were entered in a blind peer-review. All decisions were made unanimous among the judges, all of them legal procurement professionals.

Onit Makes the Houston Fast 100 List for Second Consecutive Year

We are excited to announce that Onit has again made the prestigious Houston Fast 100 list. On Friday, November 10, excitement will fill the air at the Houston Fast 100 Awards Ceremony as the fastest growing companies eagerly anticipate their ranking.

The Houston Fast 100 is ranked by two-year growth and companies must fulfill these qualifications:

  • All of the companies on the list are headquartered within the ten-county Houston metropolitan area and have been doing business for a minimum of five years.
  • A company must have been in business for a minimum of 5 years — as of the close of its most recent completed fiscal year — and cannot be a franchise or a public company.
  • A company that has earned at least $1 million in revenue for its most recent, completed fiscal year.
  • The corporate headquarters of the firm must be located within the Houston metropolitan area, which includes the following counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jancinto and Waller.

Click here learn more about the Houston Fast 100 nomination process.

Onit Kicks Off its New Podcast Series

Onit is pleased to announce the premiere episode of our informational podcast series! These podcasts were designed with you in mind, to show you how you can empower and simplify your business processes.

In our first episode, sales engineer Ryan Kinsey discusses the world of business process automation and walks us through Onit’s unique approach to process automation. He explains how our clients are making the best of their Onit solutions, and also reveals the key differentiating factors between Onit and its competitors.

We have more podcasts coming your way soon, and we look forward to your joining us!

Click here to download The Onit Podcast Episode 1 transcript

Click here to preview episode 1 on iTunes.

Five Must-Have Features of an “Evolving” Business Process Platform

Every organization needs a business process platform that can grow beyond the legal department and automate all of your enterprise process needs. While it’s okay to acquire traditional, individual enterprise process solutions as you need them, there is much to be said for platforms that are built with change in mind and designed to evolve your processes.

We call these “evolving” platforms because they allow you to easily develop and deploy your own enterprise process solutions as you need them – the sky’s the limit. The solutions developed on the best platforms can be configured, in some cases, in less than 30 minutes. They require no coding, which contributes to this lightning-fast time. They are also a fraction of the cost of traditional, dedicated process solutions. Some examples of solutions that can be easily built on these platforms include:

  • Sales contract tracking
  • SOW approval
  • Legal service requests
  • Legal e-billing
  • Matter management
  • NDA creation and review
  • Power of attorney
  • Matter intake
  • RFP response management
  • Legal hold management
  • Legal process outsourcing
  • Partnership agreements

These cutting-edge platforms combine business process management, collaboration and transaction management functionality into one innovative tool. It is easy to develop and deploy enterprise solutions that streamline business processes and solve real world problems which directly impact customer satisfaction, employee productivity and profitability. So, which features should you be looking for in an evolving process platform?

Five must-have features of gold-standard evolving business process platforms:

1. Unmatched Time to Value

The best platforms dramatically reduce time to pilot and time to value. Simple process pilots can be ready for implementation in hours and in production within days, so you can see ROI much faster.

2. Increased Flexibility


The best in breed of these platforms provide business users with the flexibility to route, comment, revise and track progress of the project to accommodate the variability and unpredictability inherent in knowledge work.

3. Standardized Intuitive Interface


Solutions developed with evolving business process platforms provide simple intuitive interfaces with standard features allowing the user to focus on the “process” instead of how the application works. This means that little or no training is required, radically reducing the time and cost of deployment.

4. A Hands-On Approach


The focus should be on learning the optimal process through feedback from rapid deployment rather than a customized and expensive development of complex process maps and workflow design that anticipate every possible contingency that may or may not occur.

5. Collaboration

Collaboration is vital for managing processes in any department. Team members need an easy way to communicate in a shared workspace, so everyone knows exactly what is going on without having to search in Outlook for status updates.

It’s time to fuel your company’s success and raise the bar in your process automation. Your organization needs to be able to streamline internal processes, gain greater visibility into transactions and improve operational efficiency. A state-of-the-art evolving process platform lets you easily bridge the organizational and geographic boundaries critical to your business, allowing you to see ROI much faster than with traditional systems.

Onit is Honored to be an Inc. 5000 Fastest-Growing Company

Onit is excited to announce that we made the Inc. 5000 list of fastest-growing companies in America for 2017 for the second consecutive year. Always a thrilling achievement for us, we ranked 949 this year with an astounding three-year growth of 462%. The list recognizes success big and small, and is the most prestigious honor a growing private company can receive. Onit joins the likes of Chobani, Microsoft, Under Armour, GoPro, Lifelock, Method, Zappos and more—each of whom benefitted greatly from the exposure and experience of being listed on the Inc. 5000. To qualify for the Inc. 5000 list, a company must:

  • Had revenue no less than $100,000 in 2013
  • Had revenue no less than $2,000,000 in 2016
  • Revenue in 2016 exceeds revenue in 2013

Not known for resting on our laurels, we at Onit will continue our hard work and dedication, trying our best to surpass this achievement in years to come.

Onit to Participate in ILTACON 2017

Onit is delighted to be participating in ILTACON 2017 at the Mandalay Bay Resort, Las Vegas on Tuesday, August 15. Onit will be at table 24 at the Corporate Corner, in the Shoreline Exhibit Hall on level 2 of the South Convention Center.

ILTACON is the premier educational and networking event for the legal sector. Drawing on the personal and collective strengths of law firm and law department professionals, ILTACON is the best place to learn what works, what doesn’t and what’s next in legal technology. Through a variety of session formats, topic experts deliver examples, inspiration and takeaways that can be applied to the challenges and opportunities you face within your team, your organization and the industry.

This four-day event features extensive networking opportunities and educational content inspired by and developed by peers, with a volunteer planning committee that works collaboratively with peers, vendors and experts to ensure each session provides value to a variety of professional roles. To see a detailed agenda, visit https://www.iltacon.org/agenda/summary

We hope you’ll find time to join Onit at this signature event, and we look forward to seeing you there!