Posted on September 26, 2023 by Onit -
Four Steps to Strategically Manage Outside Counsel
While AI as a concept isn’t new, it’s not always clear how it can be leveraged to address the day-to-day challenges facing in-house legal departments. That’s how we’ve found ourselves here – at the intersection of AI and Spend Management. Are you prepared to negotiate rate increase requests? Do you have an accurate view of law firm performance? Taking a strategic, programmatic approach to actively managing law firm relationships will provide the visibility you need to answer these questions and more.
In this webinar Onit Client Success leaders John Maloney and Kelly Pritchard explore a proven four-step approach to strategically manage law firms, including practical ways to leverage AI in your day-to-day work:
- Identify, measure and manage KPIs on a periodic basis regarding your outside counsel spend based on what matters most to your organization
- Understand where your rates fit against market benchmarks to identify opportunities to maximize value and control costs
- Simplify and standardize outside counsel evaluations and selections with qualitative and quantitative data
Watch the webinar now
Posted on December 1, 2022 by Onit -
As legal departments prepare for 2023, strategic budgeting and vendor management are more essential than ever. The good news? Legal now has a tremendous opportunity to evolve the effectiveness of your strategic planning.
After the successful digital transformation of the department, it’s time to unleash the full power of your data through high-impact analytics, making the strategic spend decisions that make Legal stand out in an increasingly scrutinized environment.
How can Legal do that? By taking a comprehensive, four-part approach to its strategic budgeting and vendor management. Download our Strategic Spend and Vendor Management 2023 white paper to discover this four-part approach.
Posted on September 21, 2022 by Onit -
When a legal department has the technologically driven tools and processes it needs for that efficiency, it’s a game-changer for an organization. The more time that Legal has for partnering with the business, the more successful the business is and the more valuable Legal becomes to the organization.
This eBook addresses:
- World economic factors and supply chain issues
- Corporate focus on DEI and ESG efforts
- The need for consumer privacy
- Increased regulations worldwide
Posted on September 13, 2022 by Onit -
The global contract lifecycle management (CLM) software market projects to reach $2.9 billion by 2024* as more companies recognize the profound benefits the solution offers. A CLM solution allows companies to capture, automate, and analyze the entire contract lifecycle from initiation through approval, compliance, and renewals. In fact, it can drive business value by compressing time to revenue, mitigating risks by having fewer contractual exceptions, and increasing internal and external customer satisfaction.
Read this white paper to discover:
- The challenges of manual contract management
- Signs your company needs a new approach to managing contracts
- Features you should expect and the solution’s anticipated ROI
- How to select the right solution for your company
- How a platform approach offers unlimited growth and enables implementation in less than 30 days
* Markets and Markets: Contract Management Software Market by Component, 2019
Posted on August 23, 2022 by Onit -
Legal service requests (LSRs) should be relatively simple to handle. In reality, however, they are a frequent and significant contributor to a legal department’s overall stress levels. Thankfully, the chaotic world of emails, phone calls, and informal conversations to initiate legal service requests is gone, and business process automation (BPA) has ushered in a new era of cutting-edge customer service and efficiency.
In our new eBook, we outline the benefits of having a quality LSR platform, including:
- Reducing the cycle time spent on manual, administrative tasks
- Enhancing responsiveness to your business partners
- Capturing all the relevant data in a simple form with little to no training
- Configuring workflow based on the information submitted in the online request form or to match business requirements
Posted on August 22, 2022 by Onit -
The last year has forced hard pivots from companies, opening pursuits to drive efficiency, control costs, and maximize productivity across the enterprise. As a result, corporate legal departments have found a new way to do business, having entirely overhauled processes and routines that, in many cases, had been in place for decades.
In this eBook, experts from companies like McDonald’s, Colgate-Palmolive, BT, and Corteva Agriscience discuss how new approaches and technologies such as platforms, enterprise legal management (ELM), and contract lifecycle nanagement (CLM) have helped them navigate successfully into this new normal.
Download this eBook to explore their advice, lessons learned, and celebrated successes.
Posted on August 17, 2022 by Onit -
Many sales operations and procurement departments struggle to find practical solutions for handling contracts. In fact, recent studies show these teams spend as much as 65% of their time on administrative tasks alone, such as preparing documents.
Comprehensive contract lifecycle management (CLM) solutions automate and standardize processes, decreasing risk and manual work — and giving sales and procurement specialists back their time to do what they do best for their businesses: spark opportunities, cultivate partnerships, and ignite revenue generation.
However, not all AI-enabled contract management solutions are created equal. This quick start guide focuses on the AI features you need to accelerate pre- and post-signature contract management and provides the expert advice required to get started.
Posted on August 15, 2022 by Onit -
The past two years have thrown unprecedented challenges at companies. Their corporate legal departments have risen to the occasion. From the pivot to remote work to the push to ramp up efficiency and control costs, legal professionals have adapted to all challenges with precision and skill.
Now, new areas of focus have arrived. Our white paper compiles current data, metrics, and benchmarks to identify the top trends influencing legal operations, illustrating how Legal will take action to solve today’s (and tomorrow’s) most pressing challenges.
Posted on March 8, 2021 by Onit -
In recent years, corporate legal departments have seen a shift in expectations for conducting business. Gone are silos and limited interaction with the rest of the organization. In their place is the desire for self-service for low-risk requests, enhanced responsiveness, and increased transparency. As Deloitte noted in a report on the legal department of the future, “In-house lawyers are becoming business partners, embedded and able to work across units and specializations.”
No-code business process automation (BPA) platforms and business intelligence (BI) platforms powered by artificial intelligence (AI) are making this happen. They enable corporate legal to spin up Apps and solutions to fit any business use – from contract lifecycle management to managing diversity to data breach reporting.
Download our latest white paper to discover:
- How platforms work and how they differ from other technology solutions
- The benefits of platforms
- What factors a legal department should consider when choosing one
- Real-world examples of legal departments using platforms to enable enterprise collaboration and enact digital transformation
