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Onit Bolsters CLM Solution With AI-Enabled Risk Analysis Dashboard and Key CRM, ERP Integration to Drive Efficiency Across Enterprise Business Operations

New integration with Salesforce and SAP Ariba increase productivity and connect legal workflows more closely to key business departments

HOUSTON, Dec. 8, 2022 — Onit, the leading provider of enterprise workflow solutions, including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced a set of feature upgrades to its CLM solution that enrich data analytics and more closely tie contract processes with key stakeholders across the enterprise — from procurement to sales.

Onit CLM’s release addresses two challenging areas of the contract management process: reporting and analytics and system integration. The reporting dashboards leverage AI and data insights to help business leaders minimize risk associated with clause violations, such as force majeure, payment terms and intellectual property from customer-defined contract rules. New system integration with major CRM and ERP systems like Salesforce and SAP Ariba increases efficiencies in critical legal and claims workflows, meeting customers where they work and making work flow seamlessly. In short, the integration with Salesforce and SAP Ariba bring Legal workflows closer to the business.

Onit CLM’s set of newly released features includes:

  • Risk Analysis Dashboard: Assess low, medium and high-risk contracts based on customer-defined rules using proprietary AI from Onit.
  • Clause Usage Dashboard: Approach clause library management with intelligent visibility into how often clauses are used; allows customers to modify clause libraries based on data and historical actual world actions.
  • Salesforce Integration: Give sales teams the transparency to always know the location and status of their contracts within Salesforce, including agreements coming up for renewal.
  • SAP Ariba Integration: Enable users to initiate contract workspace creation within SAP Ariba and streamline the flow of supplier data into Onit CLM, reducing data re-entry and improving efficiency.

Applying Onit CLM’s new dashboards and integration to current contract management processes allow users to make real-time decisions about clause violations and new or obsolete contract language while simultaneously achieving seamless data transfer between core business systems to avoid migrating data outside of workflows.

Onit CLM’s risk analysis dashboard is available to customers using Onit’s ReviewAI for contract review and drafting, and clause usage dashboards are available to customers with a Tableau license. The system integration is  available to customers using SAP Ariba or Salesforce, with the Salesforce integration soon available via the AppExchange.

“An end-to-end CLM solution connects legal teams more closely to key business departments such as Sales, IT, HR, Business Operations and more while elevating collaboration, efficiency and productivity across the enterprise,” said Mary Fuzat, VP of Product at Onit.  “By leveraging more AI-powered insights and further integrating with common front- and back-office systems, Legal has the opportunity to empower the business to focus more strategically and efficiently — while still protecting the company.”

Learn more about the new Onit CLM features here.

About Onit
Onit is the leading provider of workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM). Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors, and contracts. With Onit, companies can evolve the legal department’s role as business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit family of companies includes SimpleLegal, AXDRAFT, Bodhala, BusyLamp and SecureDocs. Learn more at onitprostg.wpengine.com.

Onit and JusticeBid Announce Strategic Alliance to Help Companies Improve Diversity of Their Outside Counsel and Other Vendors

Alliance addresses increasing focus on DE&I as more than half (52%) of legal professionals say their department and companies are prioritizing vendor diversity

HOUSTON, Nov. 1, 2022 — Onit, the leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, and JusticeBid, LLC, a minority-owned diversity analytics and outside counsel selection provider, today announced their technology strategic alliance. The strong alliance between Onit and JusticeBid will provide clients with tools to improve the diversity of their outside counsel and other vendors. Specifically, clients can get a better understanding of their current diversity climate and find new diverse options using JusticeBid’s outside counsel selection platform.

Earlier this year, Onit released the Enterprise Legal Reputation (ELR) Report, a three-part multinational study spotlighting the image enterprise employees have of their legal departments, the way legal professionals see their interactions with internal clients and the material impact Legal can have on its businesses — from revenue generation and operational efficiency to innovation and corporate culture. One of the ELR Report’s key findings highlighted the growing importance of vendor diversity, as half of legal professionals (52%) report their department and companies are prioritizing vendor diversity compared to the 38% whose attention is on diverse hiring initiatives.

The strategic alliance with JusticeBid exemplifies Onit’s commitment to advancing DE&I in the legal ecosystem.

“Given that Onit is a member of the legal ecosystem and with myself being a diverse attorney, we want to help move the needle of change in the legal industry,” said Stasha Jain, SVP and General Counsel at Onit. “By aligning with JusticeBid, Onit further affirms our effort to foster a more inclusive supply chain by better understanding the diversity of outside counsel and supplier diversity programs.”

Together, Onit and JusticeBid can significantly save time and money for in-house legal resources. Onit solutions help corporate legal operations departments easily manage and analyze outside legal counsel spend while JusticeBid optimizes corporate law departments’ DE&I programs by taking on the burden of the complex diversity data tracking of outside counsel.

“When corporate legal departments are looking to staff matters, JusticeBid puts DE&I front and center,” said Omar Sweiss, Founder and CEO of JusticeBid. “The power of JusticeBid’s platform is that it integrates DE&I analytics into a corporate legal department’s outside counsel management program in all types of outside counsel management scenarios — panel refresh, AFAs like time-based or fixed-fees, consolidation, rate review, matter-level, and more.”

Onit has more than 3,000 customers using its ELM and CLM solutions, and over 100 corporations access DE&I data on the JusticeBid platform, which includes data from over 225 law firms and accounts for more than 45,000 attorneys.

About Onit
Onit is the leading provider of workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM). Onit’s comprehensive product portfolio customizes AI-driven workflows for managing matters, spend, vendors, and contracts. With Onit, companies can evolve the legal department’s role as business protector and transform it into a business driver that materially influences the enterprise by improving operational and cost efficiency while simultaneously contributing to faster revenue generation and business growth.

The Onit family of companies includes SimpleLegal, AXDRAFT, Bodhala, BusyLamp and SecureDocs. Learn more at onitprostg.wpengine.com.

About JusticeBid
JusticeBid, headquartered in Chicago, is a minority-owned diversity analytics and e-sourcing company transforming how companies embed Diversity, Equity, and Inclusion into their business operations through data intelligence and transparency tools, and is a founding member of the “Operation Empowering Change” initiative designed to facilitate DEI data collection to support change in the legal industry. Legal operations teams also rely on JusticeBid’s robust RFP/e-auction SaaS technology to save time and money in sourcing legal services, while driving diverse representation on their matters.

Learn more at www.JusticeBid.com.