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Onit Raises $8.25 Million Following Explosive Growth and Three-Year Revenue Growth of 990%

Posted on October 27, 2016 by -

HOUSTON, Oct. 27, 2016 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of Enterprise Legal Management (ELM) solutions, today announced that it raised a $8.25 million round of financing for expansion following explosive growth in 2016.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b01a99b3-4f07-4719-9328-e91c51862a70

Level Equity Management, LLC, a technology-focused growth equity firm in NYC led the funding round with participation from previous and new investors including Austin Ventures, The Texas Halo Fund and angel investors. The company also announced that Sarah Sommer, founder and partner of Level Equity has joined Onit’s Board of Directors.

“Our focus on ‘process management’ and our differentiated approach to matter management and electronic invoicing is a game changer for the industry and is driving this expansive growth,” said Eric M. Elfman, CEO, and founder of Onit. “Since the launch of our App Builder platform in 2012 and our Enterprise Legal Management product offering in 2014, we have signed up more than 80 customers fueling triple digit growth and placing Onit among the fastest growing private companies in the United States. We are thrilled with the support and expertise of Level Equity as we enter this next stage of growth and we welcome Sarah and her years of strategic experience and thought leadership to our Board.”

The new round of funding will be used to fund additional development of its software offering and to make strategic hires across the company.

“We scanned the legal vertical and discovered that Onit was at the forefront of an evolutionary paradigm shift related to legal department operations management and process management,” commented Sarah Sommer, founder and partner of Level Equity. “We were impressed with Onit’s revenue acceleration over the last year, its new customer wins and its strong level of expansion among current customers. Onit has the ability to become a category leader in enterprise legal management for its innovative platform, focus on process and powerful user interface. We are excited to invest in a team that shifted the market a generation ago and is well on its way to making another significant impact in the legal industry.”

Onit Bridges the Gap

The demand for a better way for corporate legal departments to deliver legal services is skyrocketing as legal departments’ workload increases and resources diminish. Many legal departments find themselves struggling under the weight of legacy technologies that simply do not work or are expensive to upgrade. Onit is uniquely positioned to deliver process-driven solutions that integrate workflow and collaboration, unlike any other enterprise legal management provider.

The company’s unprecedented approach to configuring custom solutions, coupled with its flexible platform is helping it gain traction among some of the largest companies in the world. The platform extends beyond “legal” to serve the broader business and can typically be implemented in half the time of competitors.

Key financial and company milestones:

  • Three-year revenue growth of 990%
  • 30 Fortune 500 companies and thousands of law firms and legal suppliers use Onit and its BillingPoint service
  • Three-year client growth of nearly 3x, growing from 29 clients in 2013 to more than 80 clients today
  • Three-year employee growth of more than 200%

Awards & Recognition

Onit has been recognized by various software, legal industry and financial publications and organizations for its innovation, thought leadership and entrepreneurship. Below are some of the recent awards the company has won:

  • Ranked #387 on the Inc. 500 list of the “Fastest-Growing Private Companies” with three-year revenue growth of 990%
  • Won the Enterprise Champion Award and ranked #8 on the Houston Business Journal Fast 100
  • Ranked #2 on the Houston Business Journal Fast Tech list and as one of the largest Houston-area business-to-business software and app developers
  • Recognized by Capterra as as Top 20 Contract Management vendor for four consecutive years
  • Recognized by Gartner, a leading information technology research and advisory company, in the Market Guide for Enterprise Legal Management Solutions

Management Team

Onit’s commitment to thought leadership and legal domain expertise is a contributing factor to its aggressive growth with the hiring of two key management positions in 2016. Matt DenOuden joined the Onit team as vice president of sales with nearly 30 years of industry experience and was a seasoned leader at TyMetrix (now part of Wolters Kluwer) for nearly 13 years. He has been on the front lines of the Enterprise Legal Management (ELM) revolution for decades and will play a key role in Onit’s ability to help modernize corporate legal departments’ use of technology to automate their processes.

Cole Morgan was appointed Vice President of Enterprise Legal Management (ELM) in 2016. Morgan has more than 20 years of management experience in the legal technology and legal operations sectors. He works with corporate legal department clients to optimize service delivery and develop strategies that define the value of legal services within the corporation.

About Level Equity

Based in New York, NY, Level Equity is a growth equity firm focused on providing growth capital to rapidly growing software and internet companies. Principals at Level Equity have invested in 55 technology businesses over the past 15 years. For more information about Level Equity, visit www.levelequity.com.

About Austin Ventures

Austin Ventures (AV) is a private equity firm focused on venture capital and growth equity investments in business services and supply chain, financial services, new media, Internet, and information services companies nationally with a focus on Texas.

AV has worked with talented entrepreneurs to build valuable companies for over 30 years. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas and one of the most established in the nation. AV invests in early stage and middle market companies, and its strategy is to partner with talented executives and entrepreneurs to build industry-leading companies predominantly in Texas.

About The Texas Halo Fund

The Texas Halo Fund is a seed and early-stage angel/venture capital fund series. Powered by the nationally recognized Houston Angel Network and its accredited investors, the fund series focuses on high-growth investments at the cutting edge of business, life science and technological innovation. For more information please contact the Houston Angel Network or visit http://houstonangelnetwork.org.

About Onit

Onit is the leading provider of Enterprise Legal Management (ELM) solutions for the 21st century. Brought to you by the same team that created Spend Management a generation ago, Onit is transforming the way legal departments drive operational and process improvements. By focusing on process, Onit Apps help customers drive tremendous gains in efficiency, accelerate transaction velocity and reduce costs. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

 

Onit to Speak at Hyperion Solution Accelerator Conference on Innovation in Law Department Operations on October 26

Posted on October 25, 2016 by -

HOUSTON, Oct. 25, 2016 (GLOBE NEWSWIRE) —

WHAT: Hyperion Solution Accelerator Conference: Transforming Legal Service Delivery
WHEN: October 26, 2016
WHERE: The Ritz-Carlton, Tyson’s Corner (Washington, DC area)
1700 Tysons Boulevard
McLean, VA 22102
SESSION TOPIC:  Evolution Leads to Innovation in Law Department Operations: Enterprise Legal Management for the 21st Century
SESSION DESCRIPTION:

E-billing and legal spend management technology has been around for nearly 20 years yet legal departments still think “innovation” means tracking matters electronically and managing legal spend. This decades old technology does not serve the evolving needs of today’s legal department.

The session will highlight:

  • Benchmarks, metrics and analysis of current trends driving innovation and transformation in legal operations and performance management.
  • Why systems of record are not enough to drive operational improvements and why traditional enterprise legal management (ELM) systems fall short.
  • The evolving role of legal and why process, workflow and collaboration are critical for legal departments to succeed.
  • Why e-billing and matter management technology only represent a fraction of a legal department’s needs.
SPEAKER:

Matt DenOuden, Vice President of Sales, Onit

Matt DenOuden joined Onit as the vice president of sales with nearly 30 years of legal industry experience. In 2002, he left private practice to join a young e-billing company, TyMetrix. As vice president of sales for TyMetrix for 14 years, he helped take the company from four clients and $2M in revenue to 225 clients and $60M in revenue.  For the last year, he was a Managing Director at Huron|Consilio in the Law Department Management Group. He now leads sales globally for Onit
ABOUT: The 2016 Solution Accelerator Conference, presented by Hyperion GP Research, brings legal and IP operations managers together with industry experts and leading solution providers in a highly interactive forum focused on success in legal operations management and performance management.
The Solution Accelerator Conference is laser-focused on sharing and learning about the tactical, real world best practices that lead to success. Attendees will leave the conference with substantial knowledge and understanding that will directly impact their day-to-day work processes and operational improvement initiatives.

About Onit

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 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. 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 onitprostg.wpengine.com or contact 1-800-281-1330.

Onit to Exhibit at 2016 Association of Corporate Counsel (ACC) Annual Meeting

Posted on October 14, 2016 by -

WHAT: Association of Corporate Counsel (ACC) Annual Meeting
WHEN: October 16 – October 19
WHERE: Moscone Center (Booth #420)
747 Howard St.
San Francisco, CA 94103
ABOUT: The ACC Annual Meeting is the world’s largest gathering of in-house counsel and offers the best value in corporate legal education. It offers the best value in corporate legal education. Fulfill your annual CLE/CPD requirements and meet with thousands of your peers and legal service providers during three days of intensive programming on current legal issues.

About Onit

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 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. 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 onitprostg.wpengine.com or contact 1-800-281-1330.

Onit Appoints Cole Morgan as Vice President of Enterprise Legal Management Solutions

Posted on September 23, 2016 by -

HOUSTON, Sept. 23, 2016 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of Enterprise Legal Management solutions, today announced that it appointed Cole Morgan as the Vice President of Enterprise Legal Management (ELM) solutions.

With 20 years of management experience in the legal technology and legal operations sectors, Cole Morgan will work with corporate legal department clients to optimize service delivery and develop strategies that define the value of legal services within the corporation.

Prior to joining Onit, Cole was the Director, Legal Business Operations, for a Global 500 petrochemical corporation and was responsible for the management of business operations for corporate legal and public affairs.

“Cole is a true thought leader in the Enterprise Legal Management space and understands the intricacies of managing a corporate legal department from a technology, operations and management perspective,” said Eric M. Elfman, CEO, and founder of Onit. “His unique background in professional services and customer success, coupled with his experience as a legal operations director at a Fortune Global company make him an invaluable asset to the company. He understands what it takes to modernize a legal department using technology and will play a pivotal role in defining the enterprise legal management paradigm shift.”

He began his career as an early-stage venture participant and ultimately served as vice president of professional services for DataCert, a company pioneering legal software technology. There, he held a variety of roles including product management, sales engineering and professional services management. He has also held a variety of positions in management consulting to large corporate legal departments.

Cole graduated from Texas A&M University with a bachelor’s degree in Management Information Systems and earned his MBA at Rice University.

About Onit

Onit is the leading provider of Enterprise Legal Management (ELM) solutions for the 21st century. Brought to you by the same team that created Spend Management a generation ago, Onit is transforming the way legal departments drive operational and process improvements.  By focusing on process, Onit Apps help customers drive tremendous gains in efficiency, accelerate transaction velocity and reduce costs. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

Onit Adds Enterprise Legal Management Industry Leader to Executive Management Team

Posted on August 10, 2016 by -

HOUSTON, Aug. 10, 2016 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of Enterprise Legal Management solutions, today announced that it hired Matt DenOuden as vice president of sales.

With nearly 30 years of industry experience, Matt has been on the front lines of the Enterprise Legal Management (ELM) revolution. His expertise in legal operations technology and strategy will play a key role in Onit’s future to help modernize corporate legal departments use of technology and automate their processes.

“Matt has worked with more than 50% of the Fortune 500 law departments in the last decade alone and brings great insight to what makes technology successful in carrying out company strategy,” said Eric M. Elfman, CEO, and founder of Onit. “We are happy to have Matt on board with a proven record of success in the e-billing and matter management space and I am confident that we will achieve accelerated growth under his leadership.”

From 1990 to 2002, Matt spent a dozen years practicing law as a partner in a boutique defense firm in Hartford, Connecticut. While there, he started and grew an early e-discovery technology practice. In 2002, he left private practice to join a young e-billing company, TyMetrix. As vice president of sales for TyMetrix for 14 years, he helped take the company from four clients and $2M in revenue to 250 clients and $60M in revenue.

Matt has spent his working life in the field with clients and industry leaders and has a passion for developing solutions to manage the business of law. He spent the last year as a managing director at Huron Consulting (now Consilio) where he worked closely with legal operations leaders around the country as they devised operational strategies and technology roadmaps for their law departments.

“I am excited and proud to join the management team at Onit, where I will lead the sales effort at the fastest growing ELM company in the market,” commented Matt DenOuden, vice president of sales, Onit. “In a few short years, Onit has gathered an amazing list of thought-leading clients. For these clients, Onit often not only handles all the workflows and needs of the law department, but is flexible enough so as to include dozens of Apps for adjacent workflows like contract management, sales, compliance, and legal holds (to name just a few…). I believe strongly in the vision of Onit which is to meet the knowledge worker at the point of process and decision-making with an intuitive and powerful tool providing the data to make the smart decision.”

Matt has a bachelor’s degree in English from the University of Hartford and a J.D. from The University of Connecticut School of Law.

About Onit

Onit is the leading provider of Enterprise Legal Management (ELM) solutions for the 21st century. Brought to you by the same team that created Spend Management a generation ago, Onit is transforming the way legal departments drive operational and process improvements.  By focusing on process, Onit Apps help customers drive tremendous gains in efficiency, accelerate transaction velocity and reduce costs. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

Onit’s CEO Eric M. Elfman to Host Discussion on Leveraging Procurement Techniques to Maximize Outside Counsel Value and Performance at 2016 In The House Exchange

Posted on June 15, 2016 by -

WHAT: In The House Exchange
WHEN: Wednesday, June 15, 2016 at 10:15 a.m.
WHERE: The New York Athletic Club
New York, NY
SESSION: Leveraging Procurement Techniques to Maximize Outside Counsel Value and Performance
SPEAKERS:
  • Brian McGovern, Senior Vice President of Process and Information & Legal Chief Data Officer, American International Group, Inc.
  • David Glogoff, General Counsel, Aimia Inc.
  • Introduction By: Eric M. Elfman, CEO, Onit, Inc.
ABOUT: Learn tactics and best practices from leaders at the forefront of this important shift in thinking.

  • What are the elements of an effective legal purchasing strategy?
  • How to use process, data, and technology tools to buy legal services more effectively
  • What is the relationship between legal value and performance?
  • How can strategic thinking about workflow drive better outcomes?

About Onit

Onit is the leading provider of Enterprise Legal Management (ELM) solutions for the 21st century. Brought to you by the same team that created legal spend management a generation ago, Onit is transforming the way legal departments drive operational and process improvements. By focusing on process, Onit’s solutions help customers drive tremendous gains in efficiency, accelerate transaction velocity and reduce costs. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

Onit to Host Discussion on Evaluating and Implementing eBilling and Matter Management Solutions at 2016 Legaltech West Coast Conference

Posted on June 10, 2016 by -

WHAT: Legaltech West Coast Conference in San Francisco, CA
WHEN: Monday, June 13, 2016 at 2:00 p.m.
WHERE: Hyatt Regency San
Francisco5 Embarcadero Ctr
San Francisco, CA
SESSION: Evaluating and Implementing eBilling and Matter Management Solutions
SPEAKERS:
  • Christine Coats, Vice President, Legal Operations, Oracle
  • Mary O’Carroll, Head of Legal Operations, Google Inc.
  • Lisa Konie, Senior Director, Legal Operations, Adobe Systems Incorporated
  • Joe Surprenant, Director, Legal Operations, SunPower Corporation
  • Discussion Leader: Chris Driver, Director, Legal Sales, Onit, Inc.
ABOUT: Learn tactics and best practices from leaders at the forefront of this important shift in thinking.

  • Evaluation points
  • eBilling best practices for validation rules, onboarding outside counsel and gaining law department support
  • Alternative billing arrangements; Obtaining buy-in from outside counsel
  • Protecting confidential information
  • Administering invoices and expenses

About Onit

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 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. 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 onitprostg.wpengine.com or contact 1-800-281-1330.

Onit to Speak on Enterprise Legal Management (ELM) at 2016 Corporate Legal Operations Consortium (CLOC) Annual Corporate Legal Operations Institute

Posted on April 28, 2016 by -

WHAT: CLOC Annual Corporate Legal Operations Institute
WHEN: Tuesday, May 3, 2016
10:30 a.m. – 11:30 a.m.
Room: California West
WHERE: The Westin St. Francis San Francisco on Union Square
335 Powell St, San Francisco, CA 94102
SESSION: ELM Redefined: Beyond Traditional Legal and Spend Management – Law Department Operations for the 21st Century
SESSION DESCRIPTION:

Evolving legal departments like Archer Daniels Midland (ADM) are thinking beyond traditional Enterprise Legal Management Solutions (ELM) solutions that focus only on legal and spend management to influence how they can drive change enterprise-wide with operational efficiency, reduced costs and, most importantly, process improvement. Corporate law departments need to be involved in business processes and continuously “optimize” those processes to improve the performance of the business as a whole.

David Cambria, Global Director of Operations – Law, Compliance and Government Relations, ADM will discuss how his legal department has been able to provide “continuous” value to the company. Topics of discussion will include:

  • Why systems of record are not enough to drive operational improvements at ADM
  • Why e-billing and matter management technology only represent a “fraction” of the legal department’s needs
  • Why process, workflow, and collaboration are critical for the success of his legal department
  • How a business automation tool solves all process needs beyond e-billing and legal spend management
  • Key benchmarks and metrics that drive innovation and transformation in legal operations and performance management
SPEAKERS:
  • David Cambria, Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland (ADM)
  • Eric M. Elfman, CEO & Founder, Onit
ABOUT:

This Institute is about deep dives in critical areas of legal operations that we face daily. It’s about facilitating the conversation on how we change the corporate legal operations industry. It’s about creating best practices, avoiding reinventing the wheel, and creating a paradigm shift in what we do and how we do it.

The Institute will feature more than 50 sessions of foundational, intermediate, and advanced topics over three days. Sessions will include experts across an array of disciplines.

Unlike the usual panel based conferences typical of the industry, this event will identify practical approaches to addressing everyday issues and give you the chance to meet and talk to the people and providers that are leading the charge to running legal departments like a business.

About Onit

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 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. 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 onitprostg.wpengine.com or contact 1-800-281-1330.

Onit to Host an Emerging Technology Session on Innovation in Law Department Operations and Enterprise Legal Management (ELM) at Legaltech New York 2016

Posted on January 29, 2016 by -

WHAT: Legaltech New York 2016
WHEN: Wednesday, February 3, 2016
4:00-5:00 p.m. EST
Room: Sutton Center
WHERE: New York Hilton Midtown
1335 Ave of the Americas
New York, NY 10019
SESSION: Innovation in Law Department Operations: Enterprise Legal Management (ELM) for the 21st Century
SESSION DESCRIPTION:

E-billing and legal spend management technology have been around for nearly 20 years yet legal departments still think “innovation” means tracking matters electronically and managing legal spend. This decades-old technology does not serve the evolving needs of today’s legal department.

Join guest speakers David Cambria, Global Director of Operations, Law, Compliance and Government Relations, Archer Daniels Midland Company, Brian McGovern, SVP, Legal Chief Data Officer, AIG, Eyal Iffergan, President and CEO, Hyperion and Eric M. Elfman, CEO and Founder, Onit for an interactive discussion on market trends, analysis and the new ELM technology landscape.

This session will highlight:

  • Benchmarks, metrics, and analysis of current trends driving innovation and transformation in legal operations and performance management
  • Why systems of record are not enough to drive operational improvements and why traditional ELM systems fall short
  • The evolving role of legal and why process, workflow, and collaboration are critical for legal departments to succeed
  • The existing ELM vendor landscape and why e-billing and matter management technology only represent a fraction of a legal department’s needs
SPEAKERS:
  • Brian McGovern, SVP, Legal Chief Data Officer, AIG
  • David Cambria, Global Director of Operations – Law, Compliance and Government Relations, Archer Daniels Midland (ADM)
  • Eyal Iffergan, President and CEO, HyperionEric M. Elfman, CEO & Founder, Onit
ABOUT: Legaltech offers law firms and legal departments the ability to stay on top of the evolving industry to improve their law practice management. When you attend Legaltech you can earn CLE credits, learn about the newest advances in technology, and network with industry leaders.

About Onit

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 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. 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 onitprostg.wpengine.com or contact 1-800-281-1330.

Onit Named Market Leader in Enterprise Legal Management by Hyperion

Posted on December 22, 2015 by -

Houston – December 22, 2015 — Onit, Inc., the leading provider of Enterprise Legal Management (ELM) solutions, today announced that it was recognized by Hyperion as a market leader in process management and highly innovative for architecture and its “appification” approach.

“This report significantly raises the profile of our company as a market leader in ELM solutions,” commented Eric M. Elfman, Onit CEO and founder, Onit. “Our domain expertise from the last two decades and our innovative approach to solving the needs of global legal departments speaks to our passion for advancing and evolving the legal industry. We fundamentally believe that ELM is more than just Matter and Legal Spend Management and our solution is the only platform that lets you solve the “whole” of your legal department’s needs, whether that is for contract management, NDA creation and distribution, Legal Holds, SEC filings, eDiscovery or IP issues. Our ‘process’ approach is unlike any other ELM solution in the market today.”

The Hyperion MarketView™ Report: Enterprise Legal Management: E-Billing and Matter Management Systems also recognized Onit in areas critical to improving legal department operation in the following areas:

  • Market Leader in Process Management – Onit’s App Builder platform allows users to focus on workflow management and process automation, rather than on data entry as with legacy systems – the Matter & Spend Management Solution itself offers the kind of strong functionality one would expect from a leading system.
  • Highly Innovative in the “Appification” Approach – Call it the a la carte take on matter management: Onit allows for the routing of discrete tasks to discrete stakeholders and empowers users to access what they need when they need it. The architecture and underlying technology is decidedly modern and heavily geared toward the Web, enabling the fast-paced “appification” environment.
  • “With its emphasis on “process management” as a means of introducing content scalability to legal operations, Onit can be seen as a disruptive player among ELM solution providers – possibly a paradigm shift brought about by the same team that shifted the market a generation ago.

The Hyperion MarketView™ Report is a comprehensive review of the e-billing and matter management market from the perspective of Enterprise Legal Management. Particularly oriented towards the solution needs of mid- to large-sized legal departments (i.e., Global 1000 organizations), the focus of the report is integrated solutions that include advanced capabilities in spend management, collaboration, workflow and advanced analytics.

About Onit

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 onitprostg.wpengine.com or contact 1-800-281-1330.