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New data integration solutions and collaboration tools move the industry forward in quest for a more connected enterprise

HOUSTON, May 10, 2022 – Onit, the leading provider of AI-based legal solutions for global enterprises, today announced a range of new product updates that bring corporate legal teams closer to their businesses, empowering them to be active partners to their internal clients through greater workflow automation, data analytics, AI and benchmarking.

The developments from Onit signal a deepening convergence of the fast-growing company’s broad portfolio of enterprise legal management (ELM) and contract lifecycle management (CLM) solutions. The following products from Onit and three of its recent acquisitions — Bodhala, AXDRAFT and ContractWorks from SecureDocs — will be demoed at the 2022 CLOC Global Institute in Las Vegas and spotlight how the company is delivering broader solutions to the market.

• Onit DaaS: Onit has added Data-as-a-Service (DaaS) to its award-winning Apptitude platform, enabling legal operations teams to co-pilot with critical business-leading communication and compliance. DaaS improves and promotes data accessibility by driving legal operations insights to Sales, Finance, Operations and other key functional departments across the enterprise. From homegrown data warehouses to reporting tools like Tableau and PowerBI, DaaS easily integrates data stored in Onit into corporate reporting systems and data lakes for holistic enterprise-wide reporting and analytics.
• ReviewAI Playbook Manager: Onit’s ReviewAI playbook manager enables corporate legal teams to easily organize and virtualize their contract expertise. With ReviewAI playbook manager, clients can create customized AI-enabled playbooks that ensure consistency across the organization when reviewing contracts, which minimizes risk, reduces frustration and saves time.
• Matter And Rate Benchmarking: Bodhala, a legal business intelligence provider acquired by Onit in August 2021, announced two proprietary solutions, brand new Matter Benchmarking and expanded Rate Benchmarking. Matter Benchmarking delivers unparalleled insights, including benchmarks for specific tasks and documents, helping legal teams streamline budgeting and matter staffing. Expanded to include named timekeeper benchmarks, Rate Benchmarking provides an accurate gauge against the market and internal panels, streamlining rate review and simplifying counsel selection.
• Collaborative Editor: AXDRAFT, a contract management and document automation software provider acquired by Onit in December 2020, announced Collaborative Editor. The tool streamlines contract negotiation and redlining processes by enabling multiple users to simultaneously edit a legal document.
• ContractWorks/AXDRAFT: AXDRAFT and ContractWorks are making it easy for growing legal teams to manage the entire contract lifecycle by automating critical processes and significantly reducing manual work. The integration of AXDRAFT’s powerful document generation and ContractWorks’ robust tracking and reporting combines drafting, approval, customized reporting, collaboration workflows and storage in one easy-to-use solution. ContractWorks is a contract management solution from SecureDocs, which was acquired by Onit in December 2021.

Onit’s dedication to more efficient, smooth and cost-effective legal workflows comes at a time when the relationship between legal departments and other enterprise functions is at a crossroads. Data from the 2022 Enterprise Legal Reputation Report reveals a fractured dynamic between legal departments and their internal clients, citing that a lack of speed and delayed responsiveness significantly impact the legal department’s ability to collaborate with others across the business. The report found eight in ten (79%) enterprise employees do not see Legal as a modern operation, stating that the reassessment of policies and technology — specifically workflow automation and artificial intelligence (AI) — is needed for legal processes to be more efficient.

“Our mission at Onit is simple: Provide corporate legal departments with technology that empowers them to automate all legal workflows and be an active business partner across the enterprise,” said Eric Elfman, Onit’s CEO. “It’s time for legal operations to build stronger alliances with its internal clients. The acquisitions of SimpleLegal, AXDRAFT, BusyLamp, Bodhala and SecureDocs make that mission possible. We are committed to bringing these technologies together to provide our customers with the most comprehensive and sophisticated solutions for ELM and CLM.”

Onit is proud to be a diamond sponsor of the 2022 CLOC Global Institute in Las Vegas on May 9–12. Paige Edwards, Director of Customer Experience, will be moderating a panel, Legal Ops and the Connected Enterprise, on May 11 at 10:30 am PDT. Visit us at Booth #209. Book a demo or arrange to meet the team at CLOC.

Additional Resources

Read and subscribe to the Onit blog for the latest company and industry news. Join us on LinkedIn, follow us on Twitter or listen to our podcasts to hear the latest news on legal operations, artificial intelligence and best practices from innovators in corporate legal.

About Onit

Onit is a global leader in workflow and artificial intelligence platforms and enterprise workflow 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.

78% of enterprise employees view the legal department as protectors of the business, yet 65% knowingly bypass legal and their policies due to inefficiency and poor responsiveness

HOUSTON, May 09, 2022 — Onit, the leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, today released its Enterprise Legal Reputation (ELR) Report, a multinational study spotlighting the image enterprise employees have of their legal departments and the material effects their relationship has on their businesses — from revenue generation and operational efficiency to innovation and corporate culture.

In January, Onit commissioned Provoke Insights, a New York City-based market research firm, to conduct a study of 4,000 enterprise employees and 500 corporate legal professionals across the United States, United Kingdom, France and Germany. The study helps corporate legal teams understand their brand image through the eyes of their internal clients so they can improve working relationships, accelerate legal workflows and more effectively impact topline revenue and operational efficiency.

The ELR Report’s findings shed light on the urgency for improving today’s corporate legal environment, revealing a somewhat fractured dynamic between legal and its internal clients — particularly in public-facing, revenue-impacting functions like sales, marketing and procurement.

While the majority (78%) of enterprise employees view the legal department as protectors of the business, two in three (65%) admittedly avoid engaging Legal, bypassing its policies because of perceived bureaucracy, inefficiency, poor responsiveness and a belief that Legal doesn’t understand their specific business needs. However, those same enterprise employees acknowledge the legal department’s critical role in driving growth for the company — three of four (77%) believe Legal is great at negotiating on behalf of their companies and nearly half (48%) say Legal accelerates their sales cycles.

The ELR Report also revealed that only 19% of enterprise employees believe Legal considers client service a priority while eight in ten (79%) do not see Legal as a modern operation. These findings spotlight an enormous opportunity for legal departments to foster internal relationships by improving their responsiveness and operational efficiency, with respondents noting that the reassessment of policies and technology — specifically workflow automation and artificial intelligence (AI) — is needed for legal processes to be more efficient.

“The ELR Report reveals a glaring reality check on the full spectrum of how Legal is perceived by their enterprise organizations,” Onit CEO Eric Elfman said. “The findings beg obvious questions — how aware are corporate legal departments of their brand image, what is the material effect and how strong is their impetus to change? While the ELR Report sheds light on these concerns, it ultimately pinpoints opportunities for Legal to evolve their working relationships, accelerate critical workflows and become more active partners in business growth and efficiency. There is a desire right now for Legal to evolve in impactful ways — their businesses are counting on them.”

Other key findings further magnify the differing views of Legal across the enterprise:

The Legal team’s relationship varies by department — 62% of employees from HR and Finance report positive relations versus only 43% from Sales and 37% from both Marketing and Procurement.
In companies where teams are remote, two in five (38%) say Legal was more responsive prior to the Covid-19 pandemic.
60% believe Legal positively impacts their companies’ brands, but one in five (22%) say Legal is the “No Police.”

Read ELR Report Chapter 1 or check out the Chapter 1 summary.

Additional Resources
​​Read and subscribe to the Onit blog for the latest company and industry news. Join us on LinkedIn, follow us on Twitter or listen to our podcasts to hear the latest news on legal operations, artificial intelligence and best practices from corporate legal innovators.

About Onit
Onit is a global leader in artificial intelligence platforms and enterprise workflow 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.