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Onit, Inc. Recognized with Prestigious Business, Industry Accolades in 2023

Retrieved on: 
Thursday, December 7, 2023
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HOUSTON, Dec. 7, 2023 /PRNewswire/ -- Onit, Inc., the leading provider of legal workflow solutions including enterprise legal management, contract lifecycle management, and business process automation, today announced its list of significant awards and honors received throughout 2023.

Key Points: 
  • "It's a testament to our team's hard work, dedication, innovation, and technological skills."
  • Houston Business Journal 2023 Fastest-Growing Houston-Area Middle Market Companies: Onit listed at #25.
  • TrustRadius 2023 Tech Cares Award: Onit recognized for "going above and beyond to embody compassion and exceptional corporate social responsibility."
  • XLive's 2023 Customer Hero: Awarded to Support Engineer Stephen Sanchez of SimpleLegal.

Onit Introduces Generative AI-Powered Contract Management Software that Empowers Users to Maximize Their Impact

Retrieved on: 
Thursday, November 9, 2023
Spend, LLM, Microsoft, Synthetic media, Generative, Whitehouse, Enterprise legal management, Origanum onites, ELM, AI, Executive Suite, Excellence, Risk management, Online shopping, Catalysis

HOUSTON, Nov. 9, 2023 /PRNewswire/ -- Onit, the leading provider of legal workflow solutions, today announced Onit Catalyst for Contracts, a ground-breaking software application that intelligently transforms the contract lifecycle using Generative AI and Large Language Models (LLMs) to enhance pre-signature and post-signature contract activities. Businesses can now more rapidly review and extract contract information, confirm compliance with the most nuanced issues, and find and automatically action more issues.

Key Points: 
  • Businesses can now more rapidly review and extract contract information, confirm compliance with the most nuanced issues, and find and automatically action more issues.
  • "Onit Catalyst for Contracts further accelerates the digital transformation of legal-related business processes," Onit AI Center of Excellence Managing Director Nick Whitehouse says.
  • "Our new contract chat feature empowers users to quickly summarize, explain, review, rewrite, and advise on contracts confidently," Whitehouse says.
  • To learn more about Onit Catalyst for Contracts and the new ELM reporting templates, please contact us HERE.

Onit Named as a Leader in IDC MarketScape Report for Enterprise Legal Management Software

Retrieved on: 
Wednesday, August 9, 2023
ELM, IDC, CLM, Automation, Doc, Software, Risk management, Management, Origanum onites

HOUSTON , Aug. 9, 2023 /PRNewswire/ -- Onit , a leading provider of legal workflow solutions, including enterprise legal management (ELM), contract lifecycle management (CLM), and business process automation, has been named a Leader in the IDC MarketScape: Worldwide Enterprise Legal Management Software (Doc #US49842023, August 2023).

Key Points: 
  • HOUSTON , Aug. 9, 2023 /PRNewswire/ -- Onit , a leading provider of legal workflow solutions, including enterprise legal management (ELM), contract lifecycle management (CLM), and business process automation, has been named a Leader in the IDC MarketScape: Worldwide Enterprise Legal Management Software (Doc #US49842023, August 2023).
  • "Onit has one of the most complete legal technology portfolios available on the market today," reads the IDC MarketScape Worldwide Enterprise Legal Management 2023 Vendor Assessment.
  • "Legal departments are not one size fits all, and Onit understands that software cannot be either" (Doc #US49842023, August 2023).
  • The naming as a Leader in the IDC MarketScape report follows a period of market-driven innovation for Onit.

Onit Launches Integrated Task Management in Its SimpleLegal Product Line to Elevate Collaboration and Efficiency in Matter Management

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Wednesday, June 21, 2023
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HOUSTON, June 21, 2023 /PRNewswire/ -- Onit, the leading provider of legal workflow solutions, today announced a new task management feature in its SimpleLegal product line that provides a centralized solution for streamlining matter management processes, tracking deadlines and prioritizing matters and workloads.

Key Points: 
  • Task management also integrates with e-Billing and spend management, marking a significant step in the SimpleLegal line's delivery of a robust matter management offering for mid-market and enterprise organizations seeking to establish efficient legal operations.
  • "Customers appreciate that SimpleLegal's task management feature is easy to use and acknowledge it as the most capable task management solution for in-house legal professionals they've seen."
  • Task management is available for all SimpleLegal customers and included in new matter management product plans.
  • For company news, industry trends and best practices from corporate legal innovators, read the SimpleLegal blog and follow us on LinkedIn .

Onit Bolsters Portfolio of Legal Workflow Solutions That Help Modernize Legal Departments by Automating Business Critical Processes

Retrieved on: 
Tuesday, May 16, 2023
Task management, Communication, CLM, ChatGPT, Booth, PDT, ERP, Materiality, CLOC, Report, Generative, ELM, HR, ELR, Law, Risk management, Management, Retail, Origanum onites

HOUSTON, May 16, 2023 /PRNewswire/ -- Onit, a leading provider of legal workflow solutions including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced a range of new product developments that help corporate legal departments optimize their material impact and evolve into more modern and interactive business partners.

Key Points: 
  • The product developments for ELM and CLM highlight Onit's dedication to enabling more efficient and cost-effective legal workflows for customers.
  • With solutions designed for medium and large enterprises, Onit enables legal departments of all sizes to modernize workflows, improve operational and cost efficiency and contribute to faster revenue generation and business growth.
  • Task Management: SimpleLegal's Task Management bolsters the company's matter management solution by enabling legal teams to monitor a matter's tasks through the various stages of its lifecycle.
  • For more company news, industry trends and best practices from corporate legal innovators, read the Onit blog and follow us on LinkedIn .

Enterprise Study Provides Blueprint for Legal Departments to Positively Influence Business Materiality and Drive Revenue Growth

Retrieved on: 
Wednesday, May 10, 2023
Pressure, Communication, General counsel, Perception, Policy, Marketing, Movement, Risk, Growth, ELR, AI, Origanum onites, Law

HOUSTON, May 10, 2023 /PRNewswire/ -- Onit, a leading provider of legal workflow solutions including enterprise legal management and contract lifecycle management, today released the concluding chapters of its 2023 Enterprise Legal Reputation (ELR) Report. The ELR Report is an annual multinational study spotlighting year-over-year changes in the brand image of corporate legal departments through the eyes of their internal clients, the way legal professionals perceive their interactions with other departments, and the material impact Legal can have on its businesses — from revenue generation and operational efficiency to innovation and corporate culture.

Key Points: 
  • The study helps corporate legal teams and executive teams explore ways to improve working relationships, accelerate legal workflows and transform the function's material role in large enterprises.
  • Modernizing operations can combat the perception of inefficiency by enabling faster execution and better collaboration, undoubtedly increasing Legal's opportunity to positively impact enterprise materiality.
  • The ELR Report reveals Legal's opportunity to directly contribute to business growth — six in 10 (60%) legal respondents believe they help Sales effectively negotiate deals and generate revenue.
  • Legal can improve efficiency and influence growth by embracing technology solutions for managing legal operations.

Onit Delivers the Next Generation of Its Platform and AI-Based Portfolio to Optimize Complex Legal Workflows for Matters and Contracts

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Monday, March 20, 2023
Spend, CLM, Seamless, High School of Enterprise, Business, & Technology, Smarter Planet, Microsoft, Marketing, Report, EBITDA, Risk, ELM, SAP Ariba, Growth, AI, ELR, ROI, Legal matter management, Salesforce, Cryptocurrency, Risk management, Sales, Origanum onites, European, Law

HOUSTON, March 20, 2023 /PRNewswire/ -- Onit, the leading provider of legal workflow solutions, including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced OnitX, the next generation of its configurable platform for automating complex legal workflows, and Onit Catalyst, a family of AI-enabled products purpose-built to transform ELM and CLM.

Key Points: 
  • OnitX evolves and expands capabilities from the company's original Apptitude platform, optimizing customer workflows across their legal operations spectrum — from managing spend and matters to contract lifecycles and risk.
  • According to HBR Consulting , in-house legal teams anticipate an 84% increase in demand in the coming year.
  • OnitX gives large, global enterprises flexibility in running its legal operations with a business-critical platform that is configurable, automated, smart and extensible.
  • For more company news, industry trends and best practices from corporate legal innovators, read the Onit blog and follow us on LinkedIn .

Enterprise Study Magnifies Material Impact From Corporate Legal Departments on Revenue Growth and Operational Efficiency in Times of Macroeconomic Uncertainty

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Wednesday, March 15, 2023
Materiality, Golden, Light, Organization, EBITDA, Communication, Origanum onites, DEI, IP, Growth, HR, Pressure, Intellectual property, Marketing, ELR, Management, Risk management, Law

HOUSTON, March 15, 2023 /PRNewswire/ -- Onit, the leading provider of legal workflow solutions including enterprise legal management and contract lifecycle management, today released the 2023 Enterprise Legal Reputation (ELR) Report, an annual multinational study spotlighting year-over-year changes in the brand image of corporate legal departments through the eyes of their internal clients. The study reveals the linkage between Legal's relationship with the business and material impact — from revenue generation and operational efficiency to innovation and corporate culture.

Key Points: 
  • The study reveals the linkage between Legal's relationship with the business and material impact — from revenue generation and operational efficiency to innovation and corporate culture.
  • The study helps corporate legal teams and executive teams understand areas to improve working relationships, accelerate legal workflows and transform the function's strategic role in large enterprises.
  • About four in five (78%) non-legal enterprise employees view the legal department in this light.
  • Seven in 10 (71%) non-legal enterprise respondents say it often takes days or weeks to receive a response from Legal.

Onit Incorporates Recent Acquisitions Into Comprehensive Portfolio of Solutions That Optimize Legal Operations by Enabling Smarter, Faster Business Decisions

Retrieved on: 
Wednesday, March 8, 2023
Spend, CLM, ELM, High School of Enterprise, Business, & Technology, Acquisition, Risk management, Sales, Origanum onites

HOUSTON, March 8, 2023 /PRNewswire/ -- Onit, the leading provider of legal workflow solutions, including enterprise legal management (ELM) and contract lifecycle management (CLM), today announced a set of integrations to its ELM solutions that further incorporate two of its recent acquisitions into its comprehensive portfolio for managing advanced legal workflows. The integrations, which stem from Onit's acquisitions of Bodhala in August 2021 and BusyLamp in September 2021, optimize legal operations in two key areas — financial benchmarking and localized support for Europe.

Key Points: 
  • Onit Spend Management leverages Bodhala's comprehensive benchmarks from data that includes more than $47B in legal billings.
  • "The transformation of legal operations begins with smart, integrated solutions that evolve with your business' unique needs," said Scott Wallingford, President of Onit's Enterprise Business.
  • At Onit, we are tying together our corporate acquisition strategy and product portfolio's evolution to help customers optimize their legal operations."
  • For the latest company and industry news, legal operations trends and best practices from corporate legal innovators, read the Onit blog and follow us on LinkedIn .

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

Retrieved on: 
Thursday, December 8, 2022
Business operations, ERP, Intellectual property, CLM, ELM, HR, Origanum onites, CRM, SAP Ariba, Risk, Risk management, Salesforce, Tableau, Law

Onit CLM’s release addresses two challenging areas of the contract management process: reporting and analytics and system integration.

Key Points: 
  • Onit CLM’s release addresses two challenging areas of the contract management process: reporting and analytics and system integration.
  • In short, the integration with Salesforce and SAP Ariba bring Legal workflows closer to the business.
  • “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.
  • Onit is the leading provider of workflow solutions for enterprise legal management (ELM) and contract lifecycle management (CLM).