Author: Onit

Onit was recently recognized by Hyperion as a market leader in process management and highly innovative for architecture and its “appification” approach.

The Hyperion MarketView™ Report is a comprehensive review of the e-billing and matter management market from the perspective of Enterprise Legal Management (ELM). 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.

The report 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.
• “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.
• 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.

We are quite pleased with the findings of Hyperion’s report. “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. Onit’s 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.”

Check out our blog for more details on ELM or Schedule a demo and learn more about how Onit can help your legal department.

*Updated September 1st, 2016

We’re excited to announce that Onit is a Fast 100 finalist! 

The Houston Business Journal (HBJ) annually recognizes the fastest-growing Houston-based private companies. The Fast 100 list ranks companies on by their two-year revenue growth. 

To qualify, all companies on the list had to meet the following criteria:

• Be for-profit and privately held
• Must have closed five full fiscal years by Dec. 31, 2015
• Company is headquartered in the Houston area
• Earned at least $1 million in revenue for fiscal year 2015

We are really looking forward to the official rankings announcement in the Houston Business Journal’s Sept. 9 edition. Click here to subscribe to HBJ or stay tuned to the Onit blog where we will keep you posted on our ranking.

In case you missed it, Onit was also recently ranked #387 on the Inc. 500 Fastest-Growing Private Companies list. Check out our blog post where we highlight that achievement and share some customer success stories. 

Onit is the industry leader when it comes to Enterprise Legal Management (ELM). Our solutions from are flexible, lightweight, easy-to-use. We’d love to have a one-on-one conversation about how we can help your legal department save time and resources. 

Click here to learn more or feel free to reach out and schedule a demo with us.

We are incredibly excited to announce that Onit has made the Inc. 500 list of the fastest-growing private companies in America!

Every year Inc. 500 puts out their ranking and it’s a list we are proud to be a part of for the first time. Onit ranked 387 with three-year growth of 990%. It is a great accomplishment and we are incredibly proud. We work hard to help corporate legal departments save time with automation.

To qualify for the Inc. 500, we were part of an elite group that met the following criteria:

• Have generated revenue by March 31, 2012
• Have generated at least $100,000 in revenue in 2012
• Have generated at least $2 million in revenue in 2015
• Be privately held, for profit; based in the U.S., and independent (not a subsidiary or division of another company).

Check out what some of our customers have to say about Onit: 

“Onit has proven a great partner both in terms of its product features and the customer service support the Onit team provides. Onit provides a very nimble product that can be quickly modified and adapted for various business needs. This is not the case with the other products we considered in this space. My experience of Onit is that they are motivated not only to sell their product at the outset but to continue to improve the product and ensure customer success in the adoption and use of the product. It’s been a great experience so far.”

– Dana McDonald, Senior Counsel, Under Armour 

“I love Onit Apps! I seem to find most of my problems can be solved with an Onit App. They are very easy to get setup and the customer support team is great at responding quickly and making updates as we identify changes we need. [The App] has improved our intake process … We have recently found that other departments are now asking us for access to the information we have in there because it is so valuable!”

– Kirsten Taitelbaum, Director of Legal Finance and Operations, DaVita Healthcare Partners, Inc.

You can read more customer success stories here.

We hope to continue ranking higher and higher on the Inc. 500 list as the years go on. It’s our goal to spread the word about the benefits of enterprise legal management (ELM) to corporate legal departments everywhere. We’d love an opportunity to talk with you in depth about ELM or discuss your current contract management needs.

Schedule a demo with us today and learn how Onit can customize solutions just for your corporate legal department.

We are so excited to have Matt DenOuden join the Onit team as our new 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. Matt’s expertise in legal operations technology and strategy will play a key role in Onit’s future as we 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. 

In a statement on LinkedIn, Matt expressed his dedication to Onit’s vision:

“I am excited and proud to join the management team at Onit, Inc. where I will lead the sales effort at the fastest growing ELM company in the market. 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 so powerful and flexible as to include dozens of Apps for adjacent workflows like contract management, sales, compliance, and legal holds (to name just a few…). The philosophy of Onit 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. The potential applications are nearly limitless across legal, claims, the contract life cycle, and even healthcare. I have been truly inspired to see the list of Onit “Enterprise Apps” grow on a monthly basis.

I believe that the Onit vision, to which I hope to contribute, will lead to much stronger adoption and value creation in the ELM space–two areas where other solutions have struggled in recent years. Dozens and dozens of clients of old ELM platform solutions have already crossed over to the Onit way and there is another large wave building. Sometimes, new clients join Onit one App (workflow) at a time. Migrating budgeting, then rate management, then legal holds, then finally full matter and spend management. Implementing an Onit App, even in a complex workflow, takes weeks not months. Once client users have had the fresh, intuitive Onit experience in one workflow, they almost always demand it in others. One client has over 80 Apps, including one to monitor the huge usage of the others. For this client, thus far, none of these Apps is directly tied to matter and spend management. (Yet…)! This only goes to show that Onit is there to serve the customer’s need today, whatever that might be.

At Onit, we will not rest until we help you find a better way to work!”

Welcome to the team, Matt! For more information about how Matt DenOuden and our team of ELM experts can help your corporate legal department, schedule a demo or call Matt directly at 860-356-5624.

Do you want a chance to be heard?

It’s time for the Ninth Annual Law Department Operations Survey. Now is your chance to let us know what challenges your legal department is facing. At Onit, we like to stay current with what’s going on in the legal industry to evolve our solutions in a way that is truly helpful to you.

The Legal Department Operations (LDO) survey was first created in 2008 to give law departments a consistent platform to benchmark themselves and shed light on the then-emerging profession of law department operations. In addition to being the original of its kind, as the industry has grown exponentially, the LDO survey has remained the most respected benchmarking tool in the space. 

Not only is this an opportunity to express your thoughts, completion of the survey will you get you access to the exclusive final results. See how your legal department compares to others in categories such as:

• Compensation
• Metrics and Reporting
• Outside Counsel Management
• Technology and Cybersecurity
• Change Management

Click here to take the survey now!

Onit provides ELM solutions to help automate corporate legal department. Click here to learn more about the benefits of Enterprise Legal Management solutions from Onit. Is Contract Management on your radar right now? We’ve got tools for that too!

Schedule a demo and learn more about how Onit can help your legal department.

Onit was featured in this week’s TechnoLawyer NewsWire (TL NewsWire), outlining our Contract Management Suite in an exclusive report. Onit’s solutions are growing in popularity and we are very excited for the write up.

Here’s some of our favorite quotes from the TL Newswire:

“Working in a legal department can feel like being in a bumper car as you’re bombarded daily with requests to review new contracts and stay on top of leases, software licenses, and other agreements with important date-related terms. Manual systems comprised of email and spreadsheets can seem like chewing gum and bailing wire, inadequate to the task….

…Onit features a ReviewAI & Approval portal through which managers and salespeople can submit contracts to the legal department. You can configure the intake form for each type of contract routinely submitted. Based on preset rules, Onit routes each submitted agreement to a designated lawyer for review. Designated lawyers receive an email notification, and also see the contract on their dashboard.

Each contract has a “Phased Workflow” feature to ensure compliance with your company’s policies and to ensure a timely review. These workflows accommodate parallel or serial processes and conditional logic. For example, contracts involving more than $1M can require an extra approval from your general counsel. Lifecycle metrics can be added to track the number of days it takes to approve and finalize the contract.

Tools within the Phased Workflow environment enable you to communicate with the business team and attach markups and supporting materials. Onit also provides a unique email address for each contract so that any email you need to send automatically gets filed in that contract’s workflow.”

Click here to read the rest of the article and learn more about other notable features and how Onit integrates with other tools. TL Newswire is one of the leading legal technology and practice management blogs in the industry. Learn more about receiving the TL Newswire and staying up-to-date on what’s new in legal tech.

Onit’s Contract Management Suite simplifies the submission, review, approval and management of contracts in one easy to use tool. Schedule a demo with us today to learn more about the benefits of implementing a transparent contract review and approval process.