HOUSTON — (BUSINESS WIRE) — Onit, a leading provider of Smart Process Apps, today announced that its Apps now support e-signing capabilities. The new feature gives Onit Smart Process App users the ability to electronically sign non-disclosure agreements (NDAs), master service agreements (MSAs) and any other contract or document as well as submit, review, approve and manage them with one easy-to-use tool.
The contract review and approval process is often a challenging one for busy professionals. Contracts often require multiple reviews and edits from numerous individuals inside and outside of the organization – a process that is most often handled with tools such as spreadsheets, emails, and documents. This leaves the department with a limited amount of visibility as to where a contract is, how long it’s been there or when it’s expected to be completed.
More importantly, Onit’s eSignature capabilities dramatically reduce the risk associated with operating under unexecuted agreements. It also ensures that every executed contract is automatically delivered as executed to the proper legal internal repositories for storing and auditing.
The Onit Contract Review and Approval App provides a simple, reliable process for the entire lifecycle of the contract and yields benefits such as revenue cycle compression, improved contract compliance, and improved operational efficiencies. The addition of the Adobe EchoSign electronic signature capabilities not only improves productivity but also ensures that the entire span of a contract’s review is auditable within the Onit App.
Onit was formed by legal software industry experts Eric M. Elfman and Eric A. Smith, co-founders of Datacert, a leading provider of enterprise spend management software. Launched in early 2010, Onit deploys Smart Process Apps to simplify business process automation and improve business productivity across all departments and industries. The Onit App Builder allows business users to drive efficiency and productivity by combining business process management, project management, and information management into one easy to use tool so the user can create their own Onit Apps without having to rely on IT for support.
Businesses have processes for everything — whether it’s hiring a vendor or law firm, terminating an employee, submitting a contract for review, requesting a trademark request, obtaining an NDA, etc. Most of these processes are manual, paper intensive and cumbersome. With Onit Apps, processes are automated in a few clicks, responsible parties are notified immediately, and data collection is centralized. Onit doesn’t require any software to download or resources from IT. For more information, visit www.onit.com or contact 1-800-281-1330.