News Type: Press Release

HOUSTON, October 6, 2020 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that the Houston Business Journal ranked the company number nine on its 2020 Fast 100 list and number three on the publication’s inaugural Middle Market 50 awards. Both awards recognize the fastest-growing private companies in the city.

This is the fourth year the company has claimed a spot on the Houston Business Journal Fast 100 list.

“These awards serve as evidence that our dedication to product excellence and customer success resonates in the legal market and beyond,” commented Eric M. Elfman, CEO and founder of Onit. “It is truly an honor to earn this recognition from the Houston Business Journal and a tribute to everyone’s perseverance and hard work here – especially during these challenging times.”

The 2020 Fast 100 list is ranked by revenue growth from 2017 to 2019. Companies must headquarter in the Houston area, be for-profit and privately held, have operations for five or more full fiscal years and earn at least $1 million in revenue in the latest fiscal year to qualify.

To qualify for the Middle Market 50, companies must earn between $28 million and $1 billion in revenue for their most recent, completed fiscal year. Winners are ranked by percentage of revenue growth for that year.

2020 Awards for Onit

This year, Onit has won more than 10 awards – many of them linked to the company’s cumulative growth and increased revenue over the past three to five years. Inc. included Onit on its Inc. 5000 (#737) and 250 Fastest-Growing Companies in Texas (#70) as well as its Private Titans list, which names the 1,000 largest iconic private companies in the United States. The Financial Times placed Onit as #153 on its 500 Fastest-Growing Companies in the Americas award, and Growjo ranked it #16 on its 10K Fastest-Growing Companies in Texas.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help 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 29, 2020 – Onit, Inc., a leading provider of enterprise workflow solutions including enterprise legal management, contract lifecycle management and business process automation, today announced that it was mentioned as a Representative Vendor in the Gartner 2020 Market Guide for Corporate Legal Spend Management and E-Billing and the Market Guide for Corporate Legal Matter Management (Garter subscription required).

According to Gartner, “The legal matter management market consists of vendors offering technologies to in-house legal departments to facilitate, coordinate and track the delivery of legal tasks and services to the business.”(1) Gartner also mentions, “The corporate legal spend management and e-billing market consists of vendors offering technologies to in-house legal departments that accept and process electronic invoice data from third parties. These vendors help to streamline the handling of corporate legal expenses, automating adherence to agreed fee protocols and internal budgets and providing insights on spending trends and legal service provider costs and performance.”(2)

“We believe this recognition in the Gartner Market Guides is an excellent validation that corporate legal departments appreciate our innovation and commitment to their success. Every day, legal operations professionals rely on Onit to streamline and automate processes across the enterprise, cultivate efficiency and control costs,” said Eric M. Elfman, co-founder and CEO of Onit.

Onit has grown assertively as corporate legal departments continue to purchase and implement its business workflow and business process automation platform and software. This year to date, the company has:

• Released the latest version of its workflow and business process automation platform Onit Apptitude
• Published an Onit Solutions Catalog representing more than 5,500 Apps and 130 solutions built on Onit Apptitude and used by hundreds of thousands of worldwide users
• Launched a successful Contract Lifecycle Management Quick Start Implementation package
• Kicked off its fall series of master classes for legal operations professionals in the U.S. and Europe titled Lean into Legal Ops
• Announced a three-year revenue growth of 640%

In 2019, Onit received a $200 million investment from K1 Investment Management to accelerate global growth and announced the acquisition of SimpleLegal, a modern legal operations management platform that streamlines how corporate legal departments manage their matters, track and interpret spend and collaborate with vendors and law firms.

(1) Gartner “Market Guide for Corporate Legal Matter Management,” Jim Murphy, Nikos Drakos, 6 August 2020

(2) Gartner “Market Guide for Corporate Legal Spend Management and E-Billing,” Nikos Drakos, Jim Murphy, 6 August 2020

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Onit

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

About the Session:

Operating efficiently and reducing spending are a top priority for legal teams at the moment. This discussion at The Lawyer GC Strategy Summit will focus on approaches legal departments should take to leverage technology in order to drive savings apart from just reducing outside counsel spend. The speaker panel will specifically address how to put automation in place to empower your legal team to better serve and collaborate with the business.

To request a commentary conference pass to attend, fill out the form on this page.

**Please note, you must be a GC, AGC or Director level in-house legal professional to attend this conference**

About the Session:

Join this virtual discussion, moderated by Kevin Clem from HBR, featuring Onit customers from one of the industries hardest hit by societal changes driven by COVID-19. Hear how their legal departments have been impacted, what changes they are planning for the short- and long-term and how lessons from this crisis will inform their approach to legal issues such as contracts in the future.

Even if your company or industry has not been as severely impacted in 2020, you can benefit from the lessons learned by the travel industry. If this year has taught us anything, it is that we don’t always know what challenges will come our way!

To register, fill out the form on this page.

Can’t make it? Fill out the form and you’ll receive a recording.

HOUSTON, September 23, 2020 – Onit, Inc.,  a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that Duff & Phelps, the world’s premier provider of governance, risk and transparency solutions, has reached the Premier status of the Onit Strategic Alliances program. Duff & Phelps has been a trusted Onit partner since 2017, having worked on more than 20 projects in the U.S. and Europe across various industries such as pharmaceuticals, insurance, high-tech, oil and gas, manufacturing and more.

Duff & Phelps also holds the distinction of having numerous Level 4 Onit-certified resources on staff. To qualify for Level 4, a technical developer, project manager or business analyst must accrue 2,000 hours of implementation experience for the Onit platform Apptitude or its enterprise legal management or contract lifecycle management solutions.

“Duff & Phelps has exceptional depth and breadth of experience. It has worked with Onit and corporate legal departments across all of our solutions, including enterprise legal management, contract lifecycle management and our custom Apptitude workflow solutions. Our partnership is truly global, spanning clients in multiple industries in the U.S., Europe and beyond. I look forward to continuing to work side by side with Duff & Phelps to meet the needs of our joint clients and ensure their success,” commented Eric M. Elfman, CEO of Onit.

“As a global provider of governance, risk and transparency solutions for clients, we must work with flexible, scalable and innovative technology to enable our clients’ successes,” said Tim Strong, Managing Director of Legal Operations, and Nadine Stuttle, Managing Director of EMEA, both of Duff & Phelps. “We’re excited to be a Premier partner.”

The Onit Strategic Alliances program includes an experienced and trusted team that offers tangible results through a robust ecosystem of partners to meet clients’ needs. Whether using custom Onit solutions, matter management, e-billing, contract lifecycle management or any Onit product offerings, the Strategic Alliances team has established relationships with industry-leading providers to help Onit clients realize the highest value from their Onit implementation. For more information about the types of organizations that Onit partners with, visit https://www.onit.com/about/strategic-alliances/.

About Duff & Phelps

Duff & Phelps is the world’s premier provider of governance, risk and transparency solutions. We work with clients across diverse sectors in the areas of valuation, corporate finance, disputes and investigations, cyber security, claims administration and regulatory compliance. With Kroll, the leading global provider of risk solutions, and Prime Clerk, the leader in complex business services and claims administration, our firm has nearly 4,000 professionals in 25 countries around the world. For more information, visit www.duffandphelps.com.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help 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 15, 2020—Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has appointed Eric Robertson as vice president of product management. Robertson, an automation expert and patent holder, has decades of experience working with digital transformation companies and leading platform strategy, architectural design, product marketing, Agile project management and product management functions.

“Eric’s extensive knowledge of enterprise technology, proven leadership and entrepreneurial experience make him an ideal executive as Onit continues its aggressive growth,” commented Eric M. Elfman, CEO of Onit. “He will be instrumental in driving the definition and delivery of our products. We’re excited to welcome him to the Onit family.”

As the vice president of product management for Onit, Robertson will provide focus on leading the development of product road maps, identifying new market opportunities and informing go-to-market strategies and messaging. He will grow the company’s talented team of product managers and product owners for the Onit Apptitude business process automation platform and its Apps and solutions that include enterprise legal management and contract lifecycle management.

Before joining Onit, Robertson served as vice president of strategy at Digital.ai, where he led and implemented the overall platform strategy and road map. As vice president of product management and engineering at CollabNet VersionOne, he provided pioneering vision and strategic direction for their SaaS-based Value Stream Management platform and defined priority areas that fulfilled enterprise solutions revenue goals. He also served at Cisco, where he was a vital member of the Cisco Center of Excellence that created Cisco Data Center Solutions and Intelligent Automation Services for Enterprises and crafted the strategy for driving strategic reseller agreements between Cisco and SAP.

Robertson holds a master’s degree in electrical engineering and software engineering from the University of Texas, Austin. He also has an advanced project management certification from Stanford University.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help 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 10, 2020 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced the fall series for its Lean Into LegalOps program. The online community unites legal operations professionals worldwide to share experiences and advice in this time of dispersed operations. Since its launch in March, there have been more than 2,000 registrations for Onit Lean Into LegalOps events and networking discussions.

General counsel, inside counsel and legal operations professionals can join at no charge for both the United States and Europe.

“Onit technologies helped us adjust to the process of going 100% remote back in March. Now, Onit’s Lean Into LegalOps supports customers and the rest of the legal community looking to connect and learn from each other. I’m excited to see the program continue beyond the initial pandemic emergency and provide more opportunities for legal operations professionals,” commented Christine DiDomizio, legal operations lead at Jaguar Land Rover North America.

“Lean Into LegalOps is more than a series of events. It’s a community fueled by contributions from legal operations innovators and thought leaders,” said Eric M. Elfman, CEO and co-founder. “At Onit, we want our customers to succeed and we will empower them to do so in any circumstance.”

Lean Into LegalOps – New Webinars

The goal of Lean Into LegalOps is to bring the greater in-house legal community together to exchange experiences, lessons and successes. The webinars showcased in the fall season of Lean Into LegalOps include:

• The Power of a Platform – Daniel Lee, director of legal operations for DaVita, will share how the corporate legal department uses a business process automation platform to configure workflows and consolidate data and reports. (September 17, 11:30 a.m.–12:30 p.m. CDT)
• Automating Processes to Connect Legal and the Business – This Lean Into LegalOps Europe session, part of The Lawyer Virtual GC Strategy Summit, has general counsel and legal operations presenters from Johnson Matthey, Duff & Phelps and more. They will focus on how legal departments can leverage technology to drive savings and efficiency. (October 2, 9:50 a.m.–10:30 a.m. BST, request a complimentary conference pass to attend. Please note you must be a senior leader in a legal department to attend.)
• Checking in on Travel & Hospitality Legal Departments – Leaders from industries hit hardest by societal changes will explore how recent events have impacted their legal departments, what changes they anticipate and how lessons from this crisis will inform their approach to legal issues in the future. Kevin Clem, chief commercial officer at HBR Consulting, will moderate the discussion and speakers will include legal professionals from Royal Caribbean, Gogo and more. (October 7, 11:00 a.m.–12:00 p.m. CDT, get notification of open registration here.)
• Legal Operations Reporting Done Right – Participants will hear from a leading legal operations voice and her team at Mylan, a global pharmaceutical company, about their approach to identifying and collecting the right data and creating meaningful reports for different audiences across the organization. (October 22, 11:00 a.m. – 12:00 p.m. CDT, get notification of open registration here.)
• Virtual Legal Resourcing Debate with Buying Legal Council – Three teams will present scenarios to their hypothetical general counsel, who has asked for options to reduce outside counsel expenses. Each team will debate a business case on scenarios that include bringing more work in-house, leveraging alternative legal service providers and renegotiating terms with outside counsel. The teams will consist of experts from Onit partner Consilio and customers from Onit and SimpleLegal. Members of the Buying Legal Council board will also participate. (November 18, 10:00 a.m. – 11:00 a.m. CST, get notification of open registration here.)

Starting Friday, September 18, the webinars will be supplemented by informal check-in calls every other week. These calls will focus on discussions such as peer-led App demos and diversity programs.

To learn more about Lean Into LegalOps, join or receive the latest updates, visit here for U.S.-based legal operations professionals or here for those based in Europe.

About Onit

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

About the Session

No two legal departments have the exact same needs, and regulatory and legal requirements vary by industry and jurisdiction. This is why standard enterprise legal management solutions often fall short. The power of enterprise legal management that sits on a business process automation platform like Onit’s Apptitude is that workflows can be configured to specific needs and data and reports can be consolidated in one place to make reporting easier and more meaningful. Join this webinar to learn how DaVita is planning to leverage the power of Apptitude to take legal operations to the next level.

We will also highlight some of the other solutions that Onit’s Apptitude platform has solved for other enterprise-wide process challenges. With more than 5,500 Apps and 130 solutions built using Onit’s platform, legal operations managers can implement a platform that is configurable, scalable and can support hundreds of thousands of users worldwide.

To register, fill out the form on this page.

Can’t make it? Fill out the form and you’ll receive a recording.

HOUSTON – September 1, 2020 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today released a catalog representing more than 5,500 Apps and 130 solutions built on its workflow and business process automation platform Apptitude. The Apps and solutions, developed by Onit customers, partners and employees, represent innovative approaches to automating business processes in legal operations and across departments.

“The Onit Apptitude platform is built on a decade of best practices and offers limitless opportunities to streamline critical business processes throughout the enterprise,” said Eric M. Elfman, CEO and co-founder of Onit. “The Onit Nation, which includes employees, partners and customers that build on the Apptitude platform, has created solutions and Apps that automate simple and complex business challenges alike – from information gathering to security governance and escalation management. If there’s a use case, Onit’s workflow automation platform can automate it.”

While almost any process or workflow-related problem can be tackled with the Apptitude platform, below are a few examples of the Apps and solutions found in the catalog:

• Business Continuity – This suite of Apps helps companies better manage the impact of the COVID-19 pandemic, including maintaining a remote workforce, overseeing business changes, mitigating company risk and managing financial impacts.
• TREAD Report – One of the largest automotive manufacturers uses Onit to automate reporting for the National Highway Traffic Safety Administration’s Transportation Recall Enhancement, Accountability, and Documentation (TREAD) Act, reducing manual work and ensuring the company complies with the act.
• Trade Association Approval and Management – This App, created by a Fortune 500 company, manages memberships, renewals and spend for trade associations worldwide. By adding transparency and reporting to the process, the company drives more value from association participation and greater accountability that lowers costs.
• Fund Management – This App helps manage all of the necessary business processes, reviews and approvals for the transfer of assets between portfolio companies and generates the legal documents needed to memorialize the transactions. Now, a company can facilitate higher volumes of these complex financial transactions with the same size staff.
• Policy Endorsement Drafting Portal – With this App, insurance underwriters can submit policy endorsement drafts for review and approval, saving time and improving response rates with self-service and automation.
• Marketing Challenges – A leading global consumer products company uses Onit to centralize challenge requests from emails to a single location, increasing knowledge management and enabling analytics to understand the consistency and success rates of challenges.

The Onit Apptitude platform is used by more than 400 customers, including 57 Fortune 500 corporations. It is highly configurable and scalable and supports hundreds of thousands of users worldwide. The recent launch of its new visually oriented, drag-and-drop-friendly, workflow-building interface Process Builder greatly simplifies the creation of workflows and business logic for all users – regardless of technical proficiency.  This latest version offers features such as 200+ out-of-the-box workflow actions, unlimited end-user licensing and an intuitive interface that creates a workflow visualization before it is even finished.

To request a copy of the Onit Solutions Catalog:

• Onit customers: Contact your account manager or email [email protected]
• Media: Email [email protected]
• All other parties: Email [email protected]

About Onit

             Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help 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 13, 2020 – Onit, a leading provider of enterprise workflow solutions including enterprise legal management, contract lifecycle management and business process automation, today announced that it ranked #737 on the Inc. 5000 list of the nation’s fastest-growing private companies.

This is the fifth consecutive year the company has been named to the list, and this year also marks an advancement of 226 spots compared to 2019. Additionally, Onit secured a spot on the Inc. Private Titans list, which features 1,000 of the largest and most iconic private American companies. It also ranked #70 on the Inc. list of the 250 most inspiring companies in Texas.

“We’re honored to be included once more on the Inc. 5000. Awards such as this would not be possible without the dedication and hard work of our employees worldwide and our innovative customers who work with us each day to automate their legal and business processes,” said Eric M. Elfman, CEO and founder of Onit.

Onit has already earned several awards this year, including ranking #153 on the Financial Times list of 500 fastest-growing companies in the Americas and listings on the 2020 Houston Business Journal Fast 100 and Middle Market 50. The company was also named as a leader in IDC MarketScape Reports for Enterprise Legal Management and Matter Management.

The Inc. 5000 represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” said Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500% and a median rate of 165%. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over one million jobs over the past three years.

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. 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.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.