News Type: Press Release

Strategic hirings are part of a larger investment strategy to build on Onit’s success and further scale the business.

Houston, April 9, 2024 - Onit, the leading provider of legal workflow solutions including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced three new senior executive leadership team members. Michelle Culp has joined the company as Chief Revenue Officer, responsible for all go-to-market functions. Nathan Peirson has joined as Chief People Officer, leading the company’s global human resources organization and driving Onit’s strategic talent goals. Laura Fese has joined Onit as Chief Legal Officer, leading the company’s global legal operations. Melanie Shafer has been promoted to the new Chief Customer Officer position, where she will be responsible for the company’s services and customer success functions. They join recently appointed CEO Michael Farlekas and CFO Austin Owens, who joined in June 2023.

Michelle Culp will focus on implementing an integrated, global go-to-market strategy for Onit. This strategy will benefit customers of all sizes by enabling them to better understand the benefits of the entire portfolio of Onit’s ELM, CLM, and custom workflow automation applications. Culp brings a demonstrated history of transforming and leading SaaS sales and marketing teams across multiple customer segments. Before Onit, she served as the Global Vice President of Sales at Sovos, a leading compliance software company serving over 100,000 customers, including half of the Fortune 500, across 70 countries. Culp also served as the Vice President of Sales, Small Business at SAP Concur.

Nathan Peirson brings over twenty years of global HR experience to the Chief People Officer role, with considerable expertise in high-growth SaaS and technology companies. In his role, Peirson will drive Onit’s enterprise talent strategy while building a best-in-class Human Resources function. Prior to joining Onit, he served as SVP of Talent and Employee Experience at Paycor, a leading provider of human capital management software. He also served as Worldpay’s Global Head of Culture and Talent and held multiple global HR leadership roles during his tenure. He was recently nominated as one of OnCon’s top 100 HR Professionals of 2024 award.

Laura Fese has joined as Chief Legal Officer, bringing over twenty-five years of experience in managing legal operations for private and public multi-national supply chain and ERP SaaS businesses.  Recently, Fese served as Executive Vice President, General Counsel and Corporate Secretary of E2open (NYSE: ETWO).  Fese is an effective leader with expertise in accelerating growth through developing exceptional legal talent and implementing critical process and automation improvements.

Melanie Shafer has assumed the new role of Chief Customer Officer. Shafer most recently served as the SVP of Customer Experience of Onit’s Commercial Business. Shafer’s primary focus is to create a scalable service experience for Onit customers, regardless of their maturity stage in legal operations. This comprehensive strategy enables Onit to act as a trusted advisor to its customers, enhancing efficiency, cost containment, and risk mitigation for the General Counsel’s office. Before Onit, Shafer served as VP of Professional Services and Support at Zywave, a pioneer in the insurance technology industry, where she led teams responsible for the implementation and ongoing support of 15,000+ customers through multiple acquisitions and international expansion.

Austin Owens joined Onit in June of 2023 and has focused on improving finance practices to support scalable growth. Owens has brought expertise in financial planning and analysis, business analytics, and business process design to Onit, along with experience in global operations. Owens most recently served as Chief Financial Officer at Data Axle, a leader in data-driven marketing and business intelligence solutions, supporting various activities ranging from business unit partnerships with sales and operations leadership to corporate and treasury-focused responsibilities related to cash management and business development. He also served as the lead across the entire lifecycle of merger and acquisition engagements.

“I am excited by the addition of these outstanding senior leaders with diverse experiences. “Together with our exceptional employees, they will be instrumental in transforming Onit into the leading legal operations software platform company serving companies of all sizes worldwide,” said Michael Farlekas, CEO of Onit. “The industry is at an inflection point, with corporate legal departments needing to adopt a core business platform with AI embedded that supports better productivity, higher efficiency, and data-driven decision-making so legal leaders can focus on helping create business advantage for their corporations.”

About Onit
Onit is a global leader of AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.

Onit helps customers find gains in efficiency, reduce costs, and automate transactions faster. For more information, visit onitprostg.wpengine.com.

Modernized event management decreases risk for legal departments where the stakes are higher for missed deadlines

HOUSTON, March 26, 2024 /PRNewswire/ — SimpleLegal (an Onit company), the industry leader in easy-to-learn and implement e-Billing and matter management software, announces the launch of its purpose-built event management feature within its matter management solution.

Compared to available market options, SimpleLegal separates task and event management, functionality traditionally tied together in matter management applications. The separation draws attention to the importance of events, such as court dates, filing deadlines, and depositions, and the negative consequences when events are mismanaged.

“We all work in tools like Outlook and Google where creating a meeting, inviting the right people, and adding relevant details is simple,” says Shri Iyer, SimpleLegal’s SVP of Product Management and Design. “We set out to replicate this ease of use, designed specifically for legal departments, after our customers vocalized that deadlines are too important to be viewed as mere tasks that are checked off a list.”

When it comes to missed deadlines, the stakes are higher for legal departments. Failing to file court documents on time or overlooking statutory limits, for example, can pose significant risk to a business, potentially resulting in lawsuits, attorney sanctions, and case dismissal. The robust calendaring provided by SimpleLegal’s event management gives legal departments the centralized, matter-specific view of upcoming events that has been missing in the market. Better visibility and accountability make collaboration effortless and keep key stakeholders informed.

SimpleLegal’s event management further integrates with CalendarRules, the most comprehensive and reliable court rules platform offering over 1,800 rule sets nationwide. As the first matter management solution to offer this integration, legal departments can confidently prepare for and manage upcoming events and deadlines thanks to automated, real-time data from CalendarRules to SimpleLegal.

“After extensive research and conversations with legal ops professionals, we knew separating tasks and events was the right call. It didn’t make sense to treat a deadline-driven event the same way as a task,” shares Iyer. “To successfully and continually build value for our users, we can’t lose sight of how legal teams operate and must adapt our product accordingly.”

SimpleLegal streamlines legal operations by packaging event and task management into a single matter management solution. This unified approach enhances visibility into team capacity, supports strategic decision-making, and simplifies matter intake and management, increasing workflow efficiency and productivity.

Additional Resources
To learn more about SimpleLegal’s event management, request a demo or learn more on the blog. For company news, industry trends and best practices from corporate legal innovators, read SimpleLegal blogs and follow us on LinkedIn.

About Onit
Onit is a global leader in AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.

Onit helps customers find gains in efficiency, reduce costs, and automate transactions faster. For more information, visit onitprostg.wpengine.com.

Onit product brands are OnitX, SimpleLegal, ContractWorks, ReadySign, BusyLamp, and SecureDocs.

96% CSAT influenced by expanded product offerings, ongoing innovation, and ample customer education opportunities

HOUSTON, Feb 1, 2024 — Onit, the leading provider of legal workflow solutions, today announced its 2023 Customer Stewardship Report, detailing significant milestones that its commercial portfolio, which includes SimpleLegal for Enterprise Legal Management (ELM) and ContractWorks for Contract Lifecycle Management (CLM), has achieved over the past year. Highlights from 2023 include 103 product releases, a deeper investment in customer experience initiatives by delivering additional service options, and improved results and time savings for customers through artificial intelligence and machine learning.

“We’re excited about the progress we’ve made over the past year,” said Melanie Shafer, Senior Vice President, Customer Experience. “Our focus on the customer experience, coupled with advancements in our products and the application of artificial intelligence throughout our products, reflects our dedication to staying at the forefront of innovation and delivering on customer expectations.”

Onit’s commercial business, focused on servicing the mid-market segment, continuously invests in growing its product capabilities and services. The commercial portfolio is well known for its ease of use, scalability, and success in delivering value quickly – just 95 days to value for customers after purchase. The following are a few of the highlights from this year’s report:

1. Product Innovation – Launched 13 new products and features for its ELM and CLM products, enabling a more cohesive user experience and improved workflows. Also delivered 190 customer requests for product enhancements, and expanded the use of artificial intelligence to drive customer efficiency, like AI-assisted invoice reviews that automatically capture real-world legal billing errors without a human in the loop, to generative AI applications that create clauses and simplify legalese in contracts.
2. Customer Engagement – Expanded service offerings such as custom training options, held 129 product training sessions and 65 office hours, and hosted 32 user groups and Ask Me Anything (AMA) webinars to build cross-customer collaboration. These actions have helped expand customer knowledge of Onit’s product and service offerings, making it easier to use and gain value, leading to a 96% average customer satisfaction rating.
3. Investments & Results – Heavy investment in its products and services has made a big impact on customers:
   1. Average of 97 hours saved each month through improved efficiency with new contract management tools.
   2. Approximately 10% savings on legal spend through rigorous billing guideline enforcement and artificial intelligence.
   3. A 70% reduction in time spent on inquiries from law firms due to enhanced invoice adjustments and rejection workflow.
   4. An average of 35 hours saved annually per customer via expanded bulk action functionality.
   5. 95% improvement in time to value when setting up billing guidelines by making this feature accessible to customers directly.
   6. 92% reduction in time spent creating reports by optimizing dashboards, making data discovery much quicker.

“In 2024, Onit’s commercial customers can look forward to additional investments,” stated Mark Weidick, President, Onit Commercial Business. “Our dedication remains steadfast in creating more significant value across every phase of the matter, spend, and contract lifecycles.”

About Onit
Onit is the leading provider of legal workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM). Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors and contracts. With Onit, companies can evolve the legal department’s role as a business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit commercial portfolio of products includes ContractWorks, SecureDocs, SimpleLegal, and ReadySign. For more information, visit onitprostg.wpengine.com.

Onit Catalyst AI technology within the OnitX platform boosts productivity and sharpens the decision-making of corporate legal teams

Houston, TX – January 23, 2024 – Onit, the leading provider of legal workflow solutions, today announced the launch of its groundbreaking Catalyst Virtual Assistant for Legal Operations within OnitX, a workflow automation platform for sophisticated, legal-related business processes. Legal professionals can now use natural language chat to access a new, powerful level of intelligence enabled by generative AI that simplifies and automates everyday legal tasks from within their most-used productivity software — Microsoft Outlook.

“The continuous and rising demand on legal teams as the protector of the business has brought significant challenges for operational scalability. Our objective with Onit AI Contract Chat for Legal Operations was simple —leverage the strength of generative AI to make relevant information easily accessible so the best action can be taken quickly,” said Mary Fuzat, Onit Senior Vice President of Product. “With Catalyst Virtual Assistant, the power of insights from the OnitX platform is brought right to a user’s desktop in Microsoft Outlook.”

The OnitX plugin for Microsoft Outlook has been enhanced with Catalyst Virtual Assistant to serve as a “bridge” to the new generative AI capability now built into OnitX . Users can more easily collaborate with workflows that provide compliance and control over legal processes, access information stored across different OnitX applications, and minimize time spent on mundane tasks.

The Catalyst Virtual Assistant for Legal Ops empowers users to:

• Automatically populate legal service and contract requests.
• Instantly surface related matters, contracts, and legal service requests.
• Answer questions based on legal service request, matter, and contract data stored within the OnitX platform using natural language chat.
• Rapidly draft follow-up emails and review/summarize in the context of your legal matters and requests.
• Translate different languages to support your global business.

The combination of the proven OnitX platform that has hosted hundreds of workflow automation apps and Onit’s deep legal expertise, as represented by the millions of legal interactions processed annually, 3,000+ customers, and $47B of legal spend data, is unique in the legal technology landscape. As a result, OnitX provides corporate legal leaders with a distinct means to boost productivity, ensure better decisions and outcomes, and provide intuitive access to the latest technologies that are practical and enterprise-grade.

“We initially introduced the Onit AI Contract Chat last fall to serve as a digital contract paralegal that reviews and edits contracts on Legal’s behalf,” said Nick Whitehouse, Managing Director of Onit’s AI Center of Excellence. “The Onit AI Contract Chat for Legal Ops is the continuation of our strategy to build meaningful AI into workflows – automating a huge number of legal tasks and scaling knowledge across legal organizations in a controlled and impactful way. These virtual assistants demonstrate how the OnitX platform is at the forefront of this new era of AI-augmented work.”

Learn more about the Catalyst Virtual Assistant for Legal Operations between January 30 – February 1 at Legalweek New York 2024, where the company will offer live demonstrations of all its enterprise legal management, contract lifecycle management, and business process automation solutions.

About Onit
Onit is a global leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.

Onit helps customers find gains in efficiency, reduce costs, and automate transactions faster. For more information, visit onitprostg.wpengine.com.

Accomplished software executive to spearhead the next phase of growth and customer success.

Houston, TX – January 16, 2024 – Onit, Inc. announced that longtime software executive Michael Farlekas will join the company as Chief Executive Officer, effective March 1, 2024. Onit is the leading provider of legal workflow solutions for enterprise legal management, contract lifecycle management, and business process automation. Current CEO and co-founder Eric Elfman will move to the role of Vice Chairman of the Board of Directors.

Michael Farlekas

“When Onit was founded thirteen years ago, we had an ambitious goal to make legal a strategic partner to the business. Since then, we have become a recognized market leader, serving over 3,000 customers globally, providing hundreds of workflow automation applications and end-to-end solutions for Enterprise Legal Management and Contract Lifecycle Management. I’m excited to welcome an individual with Michael’s deep experience in scaling growth businesses to lead this next chapter of Onit’s journey and look forward to supporting him and the team as a member of our Board.” said Mr. Elfman.

Mr. Farlekas will lead all aspects of the company, focusing on driving customer value and accelerating the adoption of modern, legal-related business processes through automated, intelligent, and comprehensive software solutions. He brings to Onit an extensive track record of successful executive leadership, boasting over two decades of experience in sales, marketing, and leadership within the realm of enterprise software and operations.

Most recently, Mr. Farlekas led E2open to unprecedented growth over the past eight years. As CEO, he completed fourteen acquisitions to grow the customer base to more than 420,000 manufacturing, logistics, channel, and distribution partners through a network tracking over fourteen billion transactions annually. Previous executive roles include successful stints at Roadnet Technologies and RedPrairie.

“I am honored to join Onit and to have the opportunity to work with our customers and talented team,” said Mr. Farlekas. “Onit today has a market-leading global footprint and a strong passion for customer satisfaction and innovation. I am committed to building on this great foundation and leading the company towards scalable and profitable long-term growth in the industry.”

“We are delighted to welcome Michael to the Onit team,” said Mike Velcich, Partner at K1 Investment Management. “He is a proven business leader with an excellent track record of scaling businesses for the long term. We look forward to working with Michael to accelerate Onit’s momentum, fostering continued expansion and value creation for customers and stakeholders.”

About Onit
Onit, Inc. is a global leader in AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. Companies can transform best practices into smarter workflows, better processes, and operational efficiencies through Onit’s enterprise legal management, matter management, spend management, contract lifecycle management, and legal hold solutions. It helps transform how corporate legal departments with mid-market to Fortune 500 companies bridge the gap between systems of record and systems of engagement.

For more information, visit onit.com.

About K1
K1 is a global investment firm that builds category-leading enterprise software companies. K1 partners with strong management teams of high-growth technology businesses to help them achieve successful outcomes. With over 125 professionals, K1 and its operating affiliate, K1 Operations LLC, change industry landscapes with operationally focused growth strategies designed to rapidly scale portfolio companies. Since the inception of the firm, K1 has partnered with over 200 enterprise software companies including industry leaders such as accessiBe, Atera, Checkmarx, Complysci, ControlUp, Emburse, Employ, Granicus, HR Acuity, IronScales, Onit, RethinkFirst, Reveal-Brainspace, RFPIO, simPRO, Smarsh, Technomile, XTM International and Zapproved.

For more information, visit k1.com and follow K1 Investment Management on LinkedIn.

Legal technology leader earns honors for innovation, technology, and growth

HOUSTON – Nov 9, 2023 - Onit, Inc., the leading provider of legal workflow solutions including enterprise legal management, contract lifecycle management, and business process automation, today announced its list of significant awards and honors received throughout 2023.

“The prominent industry recognition for Onit shows our continuous commitment to our mission — helping to connect legal departments more materially to the broader enterprise with customized workflows that meet you where you work,” said Eric M. Elfman, CEO and co-founder of Onit. “It’s a testament to our team’s hard work, dedication, innovation, and technological skills.”

The 2023 list of accolades demonstrates the expansion of Onit’s customer base from mid-sized companies to large, global enterprises across a broader set of leading solutions that have resulted from both in-house product development and acquisitions.

Onit, Inc.’s top awards and honors this year include:

• LegalTech Breakthrough Award: OnitX platform awarded “Overall Contract Automation Solution of the Year”; SimpleLegal Enhanced Reporting feature awarded “Overall LegalTech Data Solution of the Year.”
• Business Intelligence Group’s Artificial Intelligence Excellence Awards: SimpleLegal’s new SimpleReview capability named a “Product Winner.”
• Business Intelligence Group’s Awards for Business: SimpleLegal’s Enhanced Reporting feature named “Product of the Year.”
• Theorem Awards: Onit recognized as the “LegalTech Company of the Year (Leader)” and for “Enterprise Legal Management (Leader).” SimpleLegal recognized as the “Best Overall Legal Operations Platform.”
• IDC MarketScape: Onit, Inc. named a “Leader” in “Worldwide Enterprise Legal Management Software 2023 Vendor Assessment.”
• Hyperion Research: OnitX CLM selected as an “Advanced Solution in Contract Lifecycle Management”
• Houston Chronicle Top 100 Houston Private Companies: Onit listed at #42.
• Houston Business Journal 2023 Fastest-Growing Houston-Area Middle Market Companies: Onit listed at #25.
• Houston Business Journal’s Largest Houston-area veteran-owned business: Onit listed at #4.
• INC Regionals Fastest-Growing Company (Southwest): Onit listed at #125.
• TrustRadius 2023 Tech Cares Award: Onit recognized for “going above and beyond to embody compassion and exceptional corporate social responsibility.”
• XLive’s 2023 Customer Hero: Awarded to Support Engineer Stephen Sanchez of SimpleLegal.

About Onit

Onit, Inc. is a global leader of AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how mid-market to Fortune 500 companies and corporate legal departments bridge the gap between systems of record and systems of engagement.

For more information, visit onitprostg.wpengine.com.

Additional Resources

For more company news, industry trends and best practices from corporate legal innovators, read the Onit blog and follow us on LinkedIn.

Onit Catalyst for Contracts Delivers Dynamic Contract Insight and Review with Seamless Microsoft Word Integration

HOUSTON – Nov 9, 2023 - Onit, the leading provider of legal workflow solutions, today announced Onit Catalyst for Contracts, a ground-breaking software application that intelligently transforms the contract lifecycle using Generative AI and Large Language Models (LLMs) to enhance pre-signature and post-signature contract activities. Businesses can now more rapidly review and extract contract information, confirm compliance with the most nuanced issues, and find and automatically action more issues.

“Onit Catalyst for Contracts further accelerates the digital transformation of legal-related business processes,” Onit AI Center of Excellence Managing Director Nick Whitehouse says. “Designed to empower users to interact with contracts in highly dynamic, conversational manner, Catalyst for Contracts delivers a technological edge that enhances the productivity and decision-making of over-burdened contract teams.”

The standout feature of Catalyst for Contract is a natural language chat capability. Seamlessly integrated with Microsoft Word for broad user adoption and ease of use, Catalyst contract chat uses LLM to deliver sentence-level responses and recommendations to legal issues so complex legal questions can be quickly answered in an easy-to-understand language.

“Our new contract chat feature empowers users to quickly summarize, explain, review, rewrite, and advise on contracts confidently,” Whitehouse says. “It’s like having a dedicated, digital paralegal available on-demand.”

A smart virtual assistant that understands legal language and contract creation nuances, Catalyst for Contracts helps legal professionals generate highly specific contract playbooks with ease, creating complete control over AI. Moreover, using AI provides unparalleled insights and control of existing business contracts to identify, extract, share, manage, and track contractual obligations and risks.

Onit also announced the release of four new role-based reporting templates designed to streamline Enterprise Legal Management (ELM) business processes, track performance, and maximize impact:

• Matter Suite tracks matter-related Key Performance Indicators (KPIs).
• Spend Suite provides visibility across invoices, budgets, and more.
• Vendor Suite allows users to review spend, matters, and rates through the lens of vendors and timekeepers.
• Executive Suite empowers leaders with year-over-year trends and key insights across legal matters and spend management.

To learn more about Onit Catalyst for Contracts and the new ELM reporting templates, please contact us HERE.

About Onit

Onit is a global leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.

Onit helps customers find gains in efficiency, reduce costs, and automate transactions faster. For more information, visit onitprostg.wpengine.com.

HOUSTON – August 10, 2023 – Onit, a leading provider of legal workflow solutions, including enterprise legal management (ELM), contract lifecycle management (CLM), and business process automation, has been named a Leader in the IDC MarketScape: Worldwide Enterprise Legal Management Software (Doc #US49842023, August 2023). With solutions for businesses of all sizes, Onit enables legal departments to modernize workflows, improve operational and cost efficiency, and contribute to faster revenue generation and business growth.

“Onit has one of the most complete legal technology portfolios available on the market today,” reads the IDC MarketScape Worldwide Enterprise Legal Management 2023 Vendor Assessment. “Legal departments are not one size fits all, and Onit understands that software cannot be either” (Doc #US49842023, August 2023).

The naming as a Leader in the IDC MarketScape report follows a period of market-driven innovation for Onit. Onit has continued to enhance its portfolio to include the following:

• OnitX, the next generation of Onit’s highly configurable platform for automating complex legal workflows for enterprise legal management and contract lifecycle management
• Onit Catalyst, a family of AI-enabled products purpose-built to elevate the impact of ELM and CLM solutions
• SimpleLegal, an ELM solution tailored to the mid-market to bring transparency and management across e-Billing, matters, vendors, and reporting
• ContractWorks, a modular, out-of-the-box solution to manage contracts and legal documents at specific contracting stages or across the entire contract lifecycle

“We are honored to be named a leader in enterprise legal management solutions,” commented Eric M. Elfman, CEO and co-founder of Onit. “At Onit, our mission has always been to empower legal professionals to do their best work through more intelligent and efficient workflows. We will continue to invest in innovation to deliver leading solutions that help legal departments drive material impact.”

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Onit

Onit is the leading provider of legal workflow solutions for enterprise legal management (ELM, contract lifecycle management (CLM), and business process automation. Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors and contracts. With Onit, companies can evolve the legal department’s role as a business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit portfolio of products also includes SimpleLegal, AXDRAFT, BusyLamp and SecureDocs. Learn more at onitprostg.wpengine.com.

Agile new feature helps legal teams reduce risk, meet deadlines and manage stakeholder demands across dynamic legal workflows

HOUSTON (June 21, 2023) — Onit, the leading provider of legal workflow solutions, today announced a new task management feature in its SimpleLegal product line that provides a centralized solution for streamlining matter management processes, tracking deadlines and prioritizing matters and workloads.

Task management also integrates with e-Billing and spend management, marking a significant step in the SimpleLegal line’s delivery of a robust matter management offering for mid-market and enterprise organizations seeking to establish efficient legal operations. By integrating task management with matter management in a centralized system that tracks and manages legal spend, SimpleLegal addresses age-old issues associated with the lack of integration between existing task management systems and the department’s technology stack, including siloed data, low user adoption rates and poor return on investment (ROI).

SimpleLegal’s combined view of critical data ensures relevant stakeholders stay informed of a matter’s progress and impact on the business. In addition, task management offers insight into associated spend, assigned parties, altered priorities and changed due dates — providing the legal department with historical data that enables both operational and cost efficiency.

Increasing Efficiency and Driving Collaboration with Task Management

Attorneys and legal teams often struggle to prioritize multiple deadlines for matters, leading to missed deadlines, dissatisfied clients and potential legal issues. New findings from Onit’s 2023 Enterprise Legal Reputation (ELR) Report reveal that despite Legal’s enduring image as a trustworthy protector of the business, just two in five (41%) employees in the United States and Europe view Legal as efficient. Additionally, only one in four (27%) consider Legal a good business partner, citing concerns about responsiveness, communication and efficiency.

“SimpleLegal’s task management helps legal teams improve efficiency and productivity by making it easy to organize, assign and follow through on all demands and matter-related tasks,” said Shri Iyer, SimpleLegal’s Senior Vice President of Product and Design. “Customers appreciate that SimpleLegal’s task management feature is easy to use and acknowledge it as the most capable task management solution for in-house legal professionals they’ve seen.”

Task management is available for all SimpleLegal customers and included in new matter management product plans.

Additional Resources
To learn more about SimpleLegal’s task management, request a demo or learn more on the blog. For company news, industry trends and best practices from corporate legal innovators, read the SimpleLegal blog and follow us on LinkedIn.

About Onit
Onit is the leading provider of legal workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM). Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors and contracts. With Onit, companies can evolve the legal department’s role as a business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit portfolio of products includes AXDRAFT, BusyLamp, ContractWorks, SecureDocs, SimpleLegal and ReadySign. Learn more at onitprostg.wpengine.com.

Media contacts
Mike Nadeau, [email protected]

New product developments for managing matters, spend and contracts highlight company’s dedication to the transformation of the legal department into a strategic business partner

HOUSTON, May 16, 2023 — Onit, a leading provider of legal workflow solutions including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced a range of new product developments that help corporate legal departments optimize their material impact and evolve into more modern and interactive business partners.

The product developments for ELM and CLM highlight Onit’s dedication to enabling more efficient and cost-effective legal workflows for customers. Since acquiring SecureDocs in December 2021, the most recent of six acquisitions in a span of three years, the company has been hyper-focused on integrating its subsidiaries and technologies to provide the most comprehensive portfolio of ELM and CLM solutions on the market. In March 2023, Onit announced several updates to its offering, including the launch of the OnitX platform and Onit Catalyst portfolio and new integrations to its spend and matter management solutions — all of which stem from the strategic acquisitions of Bodhala in August 2021, BusyLamp in September 2021 and McCarthyFinch in November 2020.

A Comprehensive Portfolio of Legal Solutions That Meet You Where You Work

With solutions designed for medium and large enterprises, Onit enables legal departments of all sizes to modernize workflows, improve operational and cost efficiency and contribute to faster revenue generation and business growth. The following features and capabilities will be demoed by request and at CLOC Global Institute 2023 in Las Vegas:

• Clause Creator AI: ContractWorks (a product of SecureDocs) launched Clause Creator AI, enabling users to easily create new clauses in full legalese and save them to a clause library for future use in a few clicks. Clause Creator AI reduces the time attorneys spend drafting clauses from scratch and helps non-legal users draft clauses that require less effort to review.
• Task Management: SimpleLegal’s Task Management bolsters the company’s matter management solution by enabling legal teams to monitor a matter’s tasks through the various stages of its lifecycle. With all matter-related affairs in a single location, Task Management makes it easy for users to meet deadlines, ensure appropriate coverage, share progress and evaluate success. Task Management will be available later in 2023.
• Interactive Analytics: The OnitX platform now provides Matter Suite Best Practice Value Dashboard with interactive analytics that produce action-oriented summaries about legal matters and spending over time. The customizable dashboard also provides broader insights by integrating with other data sources, like HR or ERP data. More dashboards will be introduced later in 2023.
• Enhanced Reporting: SimpleLegal’s (acquired by Onit in May 2019) Enhanced Reporting, the fastest-adopted feature in SimpleLegal’s history, strengthened its offering with new datasets for invoice-level spend and reports for timekeepers rate requests and predicted versus actual spend. Enhanced Reporting’s data visualizations and report customization capabilities make it easy for legal teams to make more informed, data-driven decisions and gain a deeper understanding of their legal spend, matters and outside counsel performance.

Legal’s Path Forward: A Strategic Partner and Material Business Driver

Amid a challenging economic climate, the legal department can evolve beyond business protector and into the role of strategic partner and material business driver by becoming more modern and efficient. Data from the 2023 Enterprise Legal Reputation (ELR) Report reveals the quality of interactions between Legal and its internal clients has noticeably decreased year over year across every enterprise function — and that legal professionals are acutely aware that concerns around their responsiveness, communication and efficiency are impacting their working relationships.

However, there are roadblocks hindering Legal’s ability to be a faster, smarter and more modern partner. Nearly four in 10 (37%) legal respondents believe a lack of budget for modern solutions is holding them back from providing positive experiences for internal clients, while a similar percentage (36%) cites a lack of technology solutions.

“Our mission at Onit has never wavered — it’s always been our goal to provide enterprises with technology that automates business-critical legal workflows and helps transform corporate legal departments into business-driving strategic partners,” said Eric Elfman, Onit’s CEO. “By building the most comprehensive and sophisticated solutions for ELM and CLM, we are empowering legal professionals to positively impact materiality, increase efficiency and better collaborate with their internal clients.”

Learn more about Onit’s portfolio of ELM and CLM solutions at CLOC Global Institute 2023 on May 15 – 18, where the company is a proud diamond sponsor.

• Jean Yang, Vice President of Onit’s AI Center of Excellence, will moderate a panel titled Exploring the Implications of Generative AI and ChatGPT on May 17 at 10:30 am PDT.
• Visit us at Booth #207 to learn more about these product updates, book a demo or arrange to meet the team at CLOC.

Additional Resources

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About Onit
Onit is the leading provider of legal workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM). Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors and contracts. With Onit, companies can evolve the legal department’s role as a business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit portfolio of products also includes SimpleLegal, AXDRAFT, BusyLamp and SecureDocs. Learn more at onitprostg.wpengine.com.

Media contacts
Mike Nadeau, [email protected]