News Type: Press Release

HOUSTON, October 26, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that they are a Gold Globee International Best in Business Award winner in the software development category. This marks the third Globee award win for the company this year.

“We are proud to be recognized as an industry leader with this award,” said Eric M. Elfman, CEO and co-founder of Onit. “As leaders of business process automation, AI and legal business intelligence, our vision for the next wave of business transformation has legal departments running their operations based on actionable data. Behind this distinguished success is our product innovations and relentless drive to stay customer focused. This win is important for Onit and further validates our strategy to be highly focused on our customers, partners and products.”

The coveted annual International Best in Business Awards program recognizes and honors the world’s best in organizational performance, products and services, innovations, executives and management teams, women in business and the professions, case studies and successful deployments, public relations and marketing campaigns, product management, websites, blogs, white-papers, videos, advertisements, creativity, partner programs, and customer satisfaction programs from every major industry in the world. This annual awards program celebrates the individuals and teams who set industry benchmarks for excellence.

Globee Awards are conferred in eleven programs and competition: the CEO World Awards^®, the Consumer World Awards^®, The Customer Sales & Service World Awards^®, the Globee^® International Best in Business Awards, the Golden Bridge Awards^®, the Cyber Security Global Excellence Awards^® and Security World Awards, the IT World Awards®, One Planet^® American Best in Business Awards, the Globee^® Employer Excellence Awards^®, the Globee^® Corporate Communications & Marketing World Awards, and the Women World Awards^®. Honoring organizations of all types and sizes and the people behind their success, the Globee Awards recognize outstanding achievements and performances in businesses worldwide. Learn more about the Globee Awards at https://globeeawards.com.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, October 6, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that the company ranked #13 on the Houston Business Journal’s Fast 100 and Innovation list. This marks the second consecutive year Onit has ranked on the list, and the company has ranked a total of five times.

“This kind of exciting news never gets old for me,” commented Eric M. Elfman, CEO and founder of Onit. “Ranking #13 out of 100 Houston area companies is quite an honor for us. The last couple of years haven’t been easy, but we’ve still managed to reach new levels of success, such as acquiring two more companies this year. It takes the collective efforts, dedication and creativity of every Onit team member to drive our unprecedented growth in order to achieve this ranking on the HBJ Fast 100 and Innovation list.”

The 2021 Fast 100 List is ranked by revenue growth from 2018 to 2020. This year’s No. 1 company reported 4,475.29% growth during that period — last year, the same company reported 8,248.19% growth from 2017 to 2019. In order to qualify for the Fast 100, companies on The List must meet the following criteria: be headquartered in the Houston area, be for-profit and privately held, have been in operation for at least five full fiscal years and have earned at least $1 million in revenue in the latest fiscal year. Information for The List was obtained from questionnaires completed by company representatives and HBJ research.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, September 28, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has acquired BusyLamp, a premier provider of legal spend and matter management software for European corporate legal departments. The acquisition creates one of the largest global enterprise legal management conglomerates, with more than 600 implementations completed worldwide by Onit and its subsidiaries SimpleLegal and BusyLamp. It also augments Onit’s formidable global reach into 140+ countries with European domain expertise and a solution well-equipped for unique considerations such as VAT, the General Data Protection Regulation (GDPR) and regional tax policies.

BusyLamp, headquartered in Frankfurt, Germany, has a broad customer base that includes many of Europe’s largest enterprises. The software company grew annual recurring revenues by more than 60% in the last 12 months, and Hyperion Research recognized it as “highly innovative” and a “market leader.” It’s award-winning legal spend management solution and recently launched matter management solution Matter.Space are used by corporate legal leaders across sectors, including the automotive, telecommunications and banking industries and their law firms. BusyLamp will operate as an independent subsidiary of Onit.

“The acquisition of BusyLamp fulfills several strategic priorities for Onit. First, it will be a valuable contributor to our continued rapid growth. Second, it embeds Onit and its solutions even more deeply into Europe. With the BusyLamp team, we have some of the brightest minds in legal operations and technology on the ground in Germany, the UK and throughout the continent – experts who understand European customers’ unique needs. We’re now one of the largest ELM software providers in the world, with software that fits any corporate legal department’s requirements regardless of size or location,” said Eric M. Elfman, CEO and co-founder of Onit. “I want to welcome the entire BusyLamp team as we work toward an exciting future.”

“Our mission at BusyLamp has always been to provide in-house counsel with the information, data, trust and tools they need to focus on the strategic management of their legal finances. By combining with Onit, we will greatly expand on this mission with a wider breadth of technology offerings, a full suite of legal and compliance solutions and immediate access to the leading legal AI and spend management experts,” commented Michael Tal, co-CEO and co-founder of BusyLamp.

“We are delighted to join the Onit family of companies and are now connected to a company with some of the most in-depth experience in our space. This will lead to further rapid growth based on a best-of-class product offering while continuing to serve our customers to the highest standards,” added Manuel Meder, co-CEO and co-founder of BusyLamp.

This acquisition represents the fourth acquisition for Onit in less than 12 months and the fifth acquisition overall. Onit announced its acquisition of legal spend analytics, benchmarking and market intelligence company Bodhala on September 1. In late 2020, Onit acquired legal AI innovator McCarthyFinch and then document automation provider AXDRAFT 30 days later. Onit also acquired SimpleLegal, a modern legal operations software provider, in May 2019.

Customers with questions are encouraged to reach out to their representatives at Onit or BusyLamp.

Marks Baughan served as financial advisor to BusyLamp, and Willkie Farr & Gallagher served as legal advisor. Osborne Clarke and Morris, Manning & Martin served as legal advisors for Onit.

Visit Onit and BusyLamp at these European Events

In-house counsel and corporate legal professionals are invited to visit with Onit and BusyLamp at the following industry events this year:

• The Alternative In-House Technology Summit (UK, October 4-5)
• Legal Innovators UK 2.0 (London, October 21-22)

About BusyLamp

BusyLamp was founded by a team of innovative lawyers passionate about optimizing the existing legal operations of large companies and enabling collaboration both within and beyond the legal departments. It offers users a modern, intuitive and more efficient solution that overcomes the challenges with existing processes. BusyLamp continues to work closely with customers to constantly improve the software, which enables legal departments to save time, control legal spend and build stronger relationships with outside counsel. For more information, visit www.busylamp.com or contact us at [email protected].

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, September 14, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced the general availability of InvoiceAI. InvoiceAI uses artificial intelligence to help corporate legal departments increase potential savings and reduce time reviewing invoices from outside counsel and legal vendors. Onit released the news in this video announcement.

InvoiceAI debuted to Onit customers in May, with its first release focused on reviewing past invoices. Now, InvoiceAI includes both historical and real-time invoice review to maximize time and cost savings.

“In all of my decades working with corporate legal departments, I’ve rarely heard in-house counsel say they enjoy invoice review. It’s tedious, time-consuming and an area perfectly suited for AI transformation,” said Eric M. Elfman, CEO and co-founder of Onit. “InvoiceAI combs through data for potentially noncompliant charges and integrates with billing rules for corrective action. As a result, some customers are discovering up to 20% in savings. And, more importantly, it makes invoice review easier and quicker for today’s busy law departments.”

How InvoiceAI Works

Billing rules have been a tried-and-true companion for invoice review since the introduction of e-billing and legal spend management solutions. While effective, they rely on specific descriptions and context provided or not provided by in-house professionals to evaluate line items. Invoices without the exact language or terms outlined in billing guidelines may evade review and be approved for payment.

InvoiceAI, trained on millions of legal invoice charges and integrated with Onit’s enterprise legal management solution, detects additional errors that may not be flagged by billing rules and ensures that legal spend aligns with outside counsel guidelines. It looks for common areas of overpayment and charges that typically require correction or clarification, such as nonworking travel, block billing, vague descriptions and work done by improper staff class. It can then automatically adjust an invoice to comply with guidelines or bring the discrepancy to the attention of reviewers. Since it is AI-based, it is always learning, improving and working tirelessly to reduce the volume of invoices needed for review and to identify unnecessary expenses.

With InvoiceAI, corporate legal departments can:

• Reduce bill review time through better recommendations, efficiency and less manual bill review steps, allowing corporate counsel and legal professionals to focus on more strategic work.
• Review past invoices through the AI lens to see where errors and unnecessary payments have occurred historically.
• Gain insight into invoice spend trends and plan for corrective action with vendor performance scorecards and month-over-month dashboards.
• Work with Onit’s partner Sterling Analytics for third-party review, maximizing compliance while freeing even more time for in-house legal professionals.

Learn More about InvoiceAI

To learn more about what InvoiceAI can do for your legal department, schedule a demonstration or email [email protected]. Onit customers are invited to reach out to their account managers for more information.

Interested parties can also tune into this InvoiceAI podcast featuring Onit’s Matt DenOuden, Senior Vice President of Global Sales, and Mary Fuzat, Vice President of Product Management.

A History of Legal AI Excellence

Onit continues its commitment to AI innovation with this launch. In less than a year, Onit established its AI Center of Excellence and released five AI offerings for corporate legal. In late 2020, Onit introduced its AI-based platform Precedent and two AI products for contract lifecycle management, ReviewAI and ExtractAI. Onit debuted InvoiceAI in May for customers and followed it up in August with Automate NDA, an easy-to-implement, best-practice solution that uses AI to streamline and automate the entire nondisclosure agreement process.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, September 1, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has acquired Bodhala, the leading provider of AI-powered legal spend analytics, benchmarking and market intelligence. The acquisition creates the most complete enterprise legal management solutions on the market, allowing corporate legal departments to evolve analytics into actionable intelligence to optimize outside counsel spend.

Bodhala applies machine learning and AI to help companies source outside counsel at competitive and market-driven rates. With proven results for optimizing spend and the procurement of legal services, Bodhala complements Onit’s commitment to provide the most innovative AI offerings for Onit and SimpleLegal corporate legal customers.

“A decade ago, Onit reinvented enterprise legal management by showing how workflow and process automation could drive useful and easily adopted best practices. Today, we occupy the forefront of business process automation, AI and legal business intelligence. Our vision for the next wave of business transformation has legal departments running their operations based on actionable data,” said Eric M. Elfman, CEO and co-founder of Onit. “The acquisition of Bodhala, combined with our enterprise legal management and AI-enabled technology platforms, gives our customers the power to exponentially multiply the savings and value associated with their legal spend.”

“We founded Bodhala with the belief that great legal talent should come at market-driven prices, and we’re incredibly proud to have built the most powerful solution on the market for legal spend analytics,” said Raj Goyle, CEO of Bodhala. “We are thrilled to continue to ride this rocket ship with Eric and his team. By combining with Onit, we will be part of a family of solutions that addresses the full spectrum of corporate legal business needs. We look forward to helping legal departments work faster and spend smarter.”

Bodhala will operate as an independent subsidiary of Onit. The company represents the third acquisition for Onit in less than a year. In November 2020, Onit acquired legal AI innovator McCarthyFinch and then document automation leader AXDRAFT 30 days later. Onit also acquired SimpleLegal, a modern legal operations software provider, in May 2019.

To learn more about the acquisition, listen to the Onit podcast featuring Elfman and Goyle. Onit and SimpleLegal customers can schedule a demonstration of Bodhala by reaching out to their account managers or customer success team.

JEGI Clarity served as financial advisor to Bodhala, and OlenderFeldman served as legal advisor. Morris, Manning & Martin served as legal advisor for Onit.

About Bodhala

Bodhala, the leading legal spend analytics and management platform, provides corporate legal departments with in-depth analytics and spend optimization solutions based on real-time market intelligence. Powered by machine learning and AI, Bodhala transforms messy data into actionable, high-impact insights to help companies save up to 20% on their outside counsel spend. The company, headquartered in New York and founded by attorneys, serves clients across the Fortune 500 and critical services economy industries. Bodhala was named the 2020 Legal Spend Management Innovation of the Year by the LegalTech Breakthrough Awards and One to Watch in Legal Technology by the Financial Times. For more information, visit bodhala.com.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, August 23, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including contract lifecycle management, enterprise legal management and business process automation, today announced it has won another listing on the 2021 Inc. 5000 list of America’s fastest-growing private companies. This year, Inc. placed Onit in the top 25% with a three-year revenue growth of 408%.

This honor follows Onit’s inclusion in the 2021 Inc. 5000 Regionals, where it ranked number 44 (up from number 70 in 2020) on the list for the Top 250 Fastest-Growing Private Companies in Texas. Onit landed on this prestigious list for the second year in a row, recording revenue growth of 273% over two years.

The award reflects the company’s continued aggressive growth. The Deloitte Fast 500, an annual ranking of the fastest-growing North American companies, ranked Onit at #190 on the list, with a three-year growth of 641% in 2020. The company also secured a top five spot on the 2021 Houston Business Journal’s Middle Market 50, with two-year revenue growth of 162.78%. This marks the second consecutive year that Onit has ranked in the top five on the list.

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. The list represents a unique look at the most successful companies within the U.S. economy’s most dynamic segment, which added more than 610,000 jobs over the last three years. Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved exceptionally resilient and flexible given 2020’s unprecedented challenges.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which is available now on newsstands.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, August 19, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including contract lifecycle management, enterprise legal management and business process automation, today announced that it has launched a new solution called Automate NDA. Automate NDA is an easy-to-implement, best practice solution that uses AI to streamline and automate the entire non-disclosure agreement (NDA) process.

The solution combines Onit’s workflow and AI platforms, Apptitude and Precedent, to automate the drafting, review, negotiation, execution and management of NDAs at a competitive price point. All of this happens in an accessible, simplified legal portal that enables self-service where that is the approved workflow path.

“Corporate legal departments deal with anywhere between 500 and 10,000 nondisclosure agreements a year – putting a significant strain on contract professionals who are struggling with increasing amounts of work. With Automate NDA, we’re taking these high-volume, relatively low-risk contracts and reducing the time spent on them by 70%,” said Nick Whitehouse, General Manager of the Onit AI Center of Excellence.

The Challenges of NDAs

NDAs are the highest-volume contracts handled by businesses today. The average cost to draft, review, negotiate and file a single NDA is between $114 and $456¹ – an expensive and time-consuming endeavor without automation.

NDAs are often the most frequent touchpoints between the legal department and the broader organization but are regularly considered low-value work. This unfortunate dynamic serves as a great source of frustration and friction in organizations, with the legal department often finding itself in a lose-lose situation.

Automate NDA from Onit

Having been formed of best practices out of the box, Automate NDA requires minimal effort to implement and significantly speeds up the end-to-end NDA process. The powerful solution creates a single process for requesting NDAs and shows all pending and signed NDAs in a simple dashboard, allowing for much-needed visibility.

Additional features of Automate NDA include:

• Self-Service– Automate NDA can automatically generate an NDA and review third-party NDAs using your standard terms.
• Dynamic Workflows– Activities such as drafting, reviewing, approving, signing and managing obligations follow automated workflows, actioning, notifying and filing information on your behalf.
• Intake Portal – The out-of-the-box, self-service portal lets you capture additional requests and gives you powerful insights into other areas for automation.
• Record Management – All your NDAs and requests are logged and stored in an easy-to-search system.
• Dashboards and Reporting – Quickly see a snapshot of the status of all NDA requests. Reporting and metrics gathering are accessible within the Dashboard View.

Learn More about Automating NDAs

Hear more about Automate NDA from an expert and team member of the Onit AI Center of Excellence. In this podcast, Whitehouse, a former law firm chief digital officer, talks about what it does and how it works. You can also visit http://onit.com/products/automate-NDA for more information and to schedule a demonstration.

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 and helps transform the way 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 or call 1-800-281-1330.

¹ Based on 1-4 hours of work per each NDA and the average rate per hour for an in-house attorney of $114 according to the 2019 Association of Corporate Counsel Global Legal Benchmarking Report.

HOUSTON, July 28, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has added new executive leadership for product management and human resources.

Mary Fuzat joins Onit as the Vice President of Product Management. With more than two decades of software leadership experience, her focus has been on customer-impacting leadership roles that include product management and integration, cross-functional team leadership and business process optimization. Before joining Onit, she held critical product roles for Insite360 (formerly FuelQuest, LLC) and Trelligence and drove the integration of disparate solutions across multiple companies and technology platforms. Additionally, she has successfully stood up and scaled 24/7 operations for new offerings and implemented Lean Startup methodologies for mature software product lines to double revenue growth.

In her short time with Onit, she has led the development and customer debut of the company’s AI-enabled invoice review for legal spend management – InvoiceAI. InvoiceAI has already identified an average of 6-11% of unactioned errors for customer invoices submitted in 2020.

David Gray brings more than 20 years of management and executive experience in human resources, with a solid background of progressive HR responsibility across Fortune 50, technology and financial services companies. As Onit’s Vice President of Global Human Resources, he turns a strategic vision to worldwide HR operations in areas such as staff development, performance management and employee morale. His background includes multiple leadership roles in human resources, including executive vice president of human resources at Envoy Mortgage and senior vice president of global human resources at Openlink Financial.

His addition to the executive team comes at a time of extreme growth for Onit. The company has more than 400 employees worldwide, with plans to hire an additional 100 in 2021.

“Mary and David possess the talent and proven track record to accelerate Onit’s achievements in two of our most crucial areas. Their extensive experience in their respective fields, coupled with their fine-tuned business acumen and leadership, will be key drivers in taking Onit’s growth to new, unprecedented levels,” said Eric M. Elfman, CEO and co-founder of Onit.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, July 22, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that the Houston Business Journal has included Onit co-founder and CEO Eric M. Elfman as an honoree for its Most Admired CEO Awards.

The awards recognize CEOs based on contributions to company success, civic involvement, career achievement and more. Hundreds of CEOs were nominated, yet the Houston Business Journal only selected 50 for this award.

Elfman, an entrepreneur who has founded four companies in the last 25 years, has led Onit for more than a decade. During that time, the company has grown from a startup with two employees and $25,000 in revenue to a global organization with 450+ employees and 10,550 Fortune 500 and law firm customers. Customers have created 5,500+ Apps on its Apptitude business process automation platform. The company’s rapid, award-winning revenue growth has been recognized in the Deloitte Technology Fast 500, the Inc. 5000, the Inc. Private Titans and the Growjo 10K.

The Most Admired CEO honor is significant after the challenges of 2020. Under Elfman’s leadership, the company protected employees’ jobs, continued to hire aggressively and closed acquisitions on legal AI provider McCarthyFinch and document generation and automation platform company AXDRAFT. The company has continued to launch innovative technology for its customers, introducing four AI-based offerings since November: its AI-based platform Precedent, ReviewAI and ExtractAI for contract management and InvoiceAI for legal billing review.

Elfman is a pioneer in the creation of the Legal Electronic Data Exchange Standard (LEDES), an authority on the Uniform Task Based Management System (UTBMS) and an Ernst & Young Entrepreneur of the Year winner.

“It is an incredible honor to be recognized by the Houston Business Journal, especially in the company of other esteemed CEOs that have led Houston companies to success,” said Elfman. “A leader cannot succeed without a talented and dedicated team, so I share credit for this award with Onit’s leadership and employees who have consistently propelled Onit forward to its goals no matter what the circumstances.”

Award honorees represent several of Houston’s prominent industries, with CEOs from technology, health care systems, law firms, real estate firms and arts organizations among other fields. The Houston Business Journal will celebrate the honorees in a special section of its August 20 weekly edition and at a virtual event on August 19.

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 and helps transform the way 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 or call 1-800-281-1330.

HOUSTON, July 20, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions for corporate legal departments, today announced that Radiology Partners, the leader in radiology services and technology, is now using Onit’s enterprise legal management (ELM) and legal service request software. By leveraging Onit’s technology and working with Consilio, Radiology Partners went live in just three months.

Radiology Partners is the largest radiology practice in the U.S., serving more than 3,400 hospitals and other health care facilities across the nation. The collaboration was the vision of Radiology Partners’ Chief Legal Officer Joseph Schohl, who identified an opportunity to increase efficiency and insight for the corporate legal department.

“Onit and Consilio had our enterprise legal management and legal service request software live in 90 days, allowing us to quickly consolidate our legal information onto one system and create valuable operational efficiencies. This is the first step in our company’s vision for legal operations transformation as we explore opportunities to generate the same efficiencies through automation and AI for contract management,” said Schohl.

“The flexibility of Onit’s platform allowed for a quick deployment of the solutions Radiology Partners needed to better analyze legal spend, minimize company risk and drive process efficiency,” said Eric M. Elfman, CEO and co-founder of Onit. “We’re happy to have a new customer in Radiology Partners and to strengthen our partnership with Consilio.”

“As Radiology Partners was seeking to rapidly implement new technology and solutions to work more efficiently and collaboratively, we are pleased to have utilized our law department consulting services to successfully deploy Onit’s ELM solution and legal service request functionality,” stated Robin Snasdell, Consilio Managing Director. “It is a privilege to work with Joe Schohl and Radiology Partners to execute their vision; Onit and Consilio are aligned in our drive to seamlessly provide world-class service and solutions to streamline work and enhance our clients’ productivity.”

Consilio is an Elite-level partner in the Onit Strategic Alliances program.

The quick deployment resulted from a true partnership between Radiology Partners, Onit and Consilio. The Radiology Partners team had a deep knowledge of their business and the inner workings of their legacy systems, plus the support from the legal department’s leadership team. Onit provided flexible, future-proof technology, and Consilio applied its vast expertise in Onit’s platforms and solutions and understanding of best practices and requirements, thereby translating them into a comprehensive technical solution.

The implementation is the first phase of Radiology Partners’ digital transformation. The company is exploring the next step of transformation, including AI and contract management for nondisclosure agreements.

About Radiology Partners

Radiology Partners is the largest radiology practice in the U.S., serving more than 3,400 hospitals and other health care facilities across the nation. As a physician-led and physician-owned practice, our mission is to transform radiology by innovating across clinical value, technology, service and economics, while elevating the role of radiology and radiologists in health care. Using a proven health care services model, Radiology Partners provides consistent, high-quality care to patients, while delivering enhanced value to the hospitals, clinics, imaging centers and referring physicians we serve. Learn more at https://www.radpartners.com/ and connect with us at @Rad_Partners.

About Consilio

Consilio is a global leader in eDiscovery, document review, risk management and legal consulting services. Through its Consilio Complete suite of capabilities, the company supports multinational law firms and corporations using innovative software, cost-effective managed services and deep legal and regulatory industry expertise. Consilio has extensive experience in litigation, HSR second requests, internal and regulatory investigations, eDiscovery, document review, information governance, compliance risk assessments, cybersecurity, law department management, contracts management, legal analytics, paper discovery and digital printing, as well as legal recruiting and placement. Consilio employs leading professionals in the industry, applying defensible workflows with patented and industry-proven technology across all phases of the eDiscovery and risk management lifecycle. ISO 27001:2013 certified, the company operates offices, document review and data centers across Europe, Asia and North America. For more information, please visit us at www.consilio.com.

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 and helps transform the way 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 or call 1-800-281-1330.