Onit is pleased to announce it has received special recognition of its Enterprise Legal Management (ELM) solutions in the 2017 MarketView™ Report on Enterprise Legal Management by Hyperion Research, a leading analyst-based market research firm covering the ELM market. Onit was recognized as a Market Leader in the categories of process automation and enterprise apps and Highly Innovative for its system architecture.
According to the report, “Onit’s vision closely aligns with market demand for a more fulfilling and dynamic user experience. Onit is positioned as a disruptive alternative to the traditional ELM ecosystem…the company’s rapid growth and market acceleration speaks strongly to the enthusiastic reception of its innovative ELM paradigm across the legal ops spectrum.”
Hyperion also underscored some key advantages of the company, “In a direct challenge to the prevailing matter management model, which Onit believes encumbers companies with outsize investments in large applications with features they may not want and won’t use, Onit presents a familiar app-based approach to legal operations management by breaking up ELM into individual task- based solutions and processes.” Further endorsing Onit’s leadership in this market, Hyperion also stated, “Onit’s matter and spend management apps themselves offer the strong functionality one would expect from a leading system.”
The full press release is available online.