Author: Onit

Customers Love Onit. Sharing The Process Improvement Love!

Posted on July 28, 2015 by - Company News and Events

Change is everywhere. Everyone is talking about it; everyone wants to do it, but it’s hard to know where to start. As a company in the change business, Onit knows firsthand that changing long-established ways of working can be the most challenging thing teams and departments undertake.

Every company has out of control processes that their people get bogged down in every day, but sometimes thinking about improving those processes is often more overwhelming than just muddling through. We have built a business out of helping companies and departments make sense out of their current situation, and then working together to create a roadmap for a new and improved process. Once we figure out the way forward, Onit helps put theories and ideas to practice in creating a nimble App that enables you the bridge the gap from where you were to where you want to go. 

Moreover, we’re delighted to have so many clients who have succeeded in bringing about meaningful changes to their businesses. Here is just some of what our customers say about working with Onit.

Onit thanks our loyal customers, who have succeeded in bringing about meaningful changes to their businesses. Here are just some of those clients:

Onit helps companies of all shapes and sizes, from Fortune 50 to small non-profits, in industries such as legal, manufacturing, healthcare, retail, and many more. Are you considering a process improvement project? We’d love to offer you a free consultation. Contact us or schedule a demo, today!

The Significant Role of Billing Software in Matter Management

Posted on July 27, 2015 by - Enterprise Legal Management

On the surface, it is often easy to look at billing as the conclusion of a phase or engagement. But the fact is that it can also be a source of valuable information to set the foundation for planning and strategizing for the future.

Matter management – that is, effective matter management – has long been the backbone of a well-functioning legal department. The list of disparate entities and activities to track can seem like an administrative hydra at times:

  • Numerous law firms, attorneys, and paralegals
  • Types of legal work, industries, and other classifications
  • Judges, witnesses, opposing counsel
  • Documents, budgets, e-mails, deadlines, and invoices
  • Ancillary services, such as court reporters and copy services

Modern software has tamed the hydra with organizational capabilities to collect, categorize, store, and deliver data involving all kinds of matter and multilayered details.

BENEFITS OF BILLING SOFTWARE IN MATTER MANAGEMENT

Billing software takes a critical component of the process and delivers additional value in many facets:

  • Accuracy: Technology eliminates the potential for errors that can come with manual data entry
  • Efficiency: Time-consuming tasks are now automated and lightning-quick; the ability to streamline billing and issue resolution.
  • Validation: Billing guidelines that limit hours, billing rates, overtime, and expenses or institute other restrictions can be incorporated and trigger alerts or auto-rejection when invoices fail to adhere to the rules.
  • Information: Tracking timekeeper attributes, vendor payments, hourly rates, client codes, and other detailed data create a storehouse of valuable facts and figures for analysis.

This font of information can provide insight into both broad spending patterns and financial nooks and crannies. A key to reaping the most from an e-billing system is to discuss how to handle invoices and other input (e.g., consistent entries beget consistent reports), what information needs to be collected, and what the end goals are to accomplish, and when to conduct spot-checking reconsider billing guidelines.

With this billing-generated knowledge, you can make data-driven decisions quickly and confidently. Among other perspectives, this granular data can reveal litigation trends, total legal team participation distribution, and even individual attorney effectiveness. This can be golden when negotiating, considering alternative fee arrangements, and predicting and controlling costs. It also allows General Counsel to work with law firms on the strategic approach to cases from a cost management perspective and budget more effectively going forward.

As with most technology-driven processes, it is also important to remember that e-billing and matter management will not function optimally if allowed to be static and grow stale. Meet with your account manager, who should stay on top of system improvements developed and industry best practices – and how they can support your company’s vision.

Request a demo of BusyLamp eBilling.space.

How Transparency Enhances the Outside and Inside Counsel Relationship

Posted on July 9, 2015 by - Enterprise Legal Management

Communication is a two-way street – and transparency is what drives communication to be the pathway to a successful relationship. That is the case with the relationship between outside counsel and inside counsel. Too often (in the corporate world), this can be a strained or even adversarial working arrangement, with suspicion, misconceptions, or unwanted surprises taking their toll. With transparency and clear communication, however, both parties can work toward the desired outcome – quality legal services performed efficiently for agreed-upon compensation – while avoiding potholes and pitfalls.

Most importantly, transparency nurtures a trusting relationship that can lead to additional successful engagements in the future and reduce counsel churn.

THREE FUNDAMENTAL ELEMENTS ARE AT THE FOUNDATION OF OUTSIDE COUNSEL MANAGEMENT AND EVERY OUTSIDE COUNSEL-INSIDE COUNSEL RELATIONSHIP:

  1. Agree upon clear expectations for scope, staffing, timing, and billing. This can include performance levels, turnaround times, levels of experience or expertise of the assigned professionals, or billing specifics and caps.
  2. Establish a schedule for status updates, general communication, and work guidelines, including triggers that would prompt additional updates and rules for pre-approvals for scope adjustments – These updates could be quarterly, monthly, or more frequent, as deemed appropriate.
  3. Monitor progress and carefully review final estimate-to-actual reports. Transparent billing software can both simplify the process and provide detailed information for comprehensive analysis.

Transparency is essential to both inside counsel and the outside firm. The in-house legal department must pay close attention to the performance and costs of the outside vendor. Inside counsel must always be ready to discuss how much gets spent and why. A strong business case for this external spend is good for both parties. Transparency makes it easier for general counsel to discuss the strategic value of the arrangement – with a CEO, CFO, or others in the Finance department, for example – as well as recognize trends (increased litigation, compliance, and transactional matters, etc.) and adjust expectations to budget accurately going forward.

For the outside counsel, transparency encourages a firm to be disciplined and function efficiently and effectively. The optimized performance can lead to both parties reaching their goals and the development of a strong relationship based on satisfaction and trust. It can also make for a smooth payment process if there is no reason for argument over hours or perceived overcharges.

On the other hand, a lack of transparency can be fertile ground for mistrust, chargebacks, and late-in-the-game surprises.

If an outside vendor appears reticent or reluctant about providing transparency, it may be that the relationship needs fixing. For inside counsel, surprises are considered harmful, and predictability is a primary goal. A desire to avoid transparency does not necessarily mean outside counsel has something to hide. Still, it reflects a disinterest in the clarity regarding operations that allows accurate, data-based outside counsel management.

And clearly, that is not in the interest of both parties.

The New Enterprise Legal Management Technology: Driving Strategic Innovation in Your Law Department

Posted on July 8, 2015 by - Business Process Management, Enterprise Legal Management

Want to move your law department beyond just cost cutting and operational efficiency into a role of strategic leadership in your business? Join us as we present a panel discussion at Legaltech West Coast about how new enterprise legal management technology can help your in-house team drive firm-wide innovation. Our panel is part of the emerging technology series at Legaltech West Coast in San Francisco on July 13 – 14th. For the fifth year, Legaltech West Coast will bring together law firms, in-house counsel, and technology providers to discuss the pressing issues and challenges of the practice and business of law today. Over the two-day conference, attendees can learn trends and discuss strategies across five tracks: Corporate Legal Operations, Information Governance, Advanced IT, Cloud and Mobile Technology, and Disruptive Trends in eDiscovery.

Stasha Jain, In-house Counsel and Account Manager, Onit, Inc., and Kirsten Taitelbaum, Director, Finance and Operations at DaVita will discuss best practices for using technology to drive stronger collaboration between law departments and the business they support to produce better outcomes. Entitled, “Innovation and the Law Department of the Future,” the discussion is designed to give you a roadmap on how to use data to develop metrics in order to understand how work gets done and how to streamline that work from end-to-end in order to improve service overall. Learn tactics and best practices from leaders at the forefront of this important shift in thinking, from a focus on cost cutting and improving efficiency, towards using predictive and actionable analytics to drive future strategic initiatives.

Join us for “Innovation and the Law Department of the Future,” on Monday, July 13th at 10:15 am. Connect and continue the discussion with us in the conference exhibition hall at booth #409 to learn about our customizable enterprise legal management solutions.

To learn more about, and register for, Legaltech West Coast 2015 and view the full agenda, click here.

Find out how Onit can help your law department operations team innovate to meet today’s and tomorrow’s strategic challenges. Schedule a demo or contact us today!

Read more about Enterprise Legal Management on our blog:

The 4 Axioms of Enterprise Legal Management

Pioneering a New Legal Technology Curve and Modernizing Enterprise Legal Management

Pioneering a New Legal Technology Curve and Modernizing Enterprise Legal Management

Posted on June 26, 2015 by - Business Process Management, Enterprise Legal Management

Put people at the center… not databases.

The relationship between technology and the workplace is a very dynamic thing, and technology is more important than ever to corporate legal department operations. As computer processing capabilities grow and programming languages evolve to allow for ever-increasing levels of complexity, businesses must be vigilant to read the trends and ensure that they are responsive to technological advancement and the market demands that those advancements birth. With the emergence of Software as a Service (SaaS) and cloud services, people in all kinds of businesses and industries must choose to pursue new ways of doing things or else find themselves in an unsustainable position as their current standard of practice becomes obsolete. This is especially true for legal departments facing the daunting challenge of managing the enterprise’s legal affairs.

Software as a Service:

Traditionally, software has been offered as a “product:” an instance of intellectual property licensed to an organization and deployed and supported internally. This model is based on the idea that software is a tool similar to hardware: a virtual property that a business can employ to achieve its ends.

This is, at first glance, a logically sound position—after all, it is the same structure we use when acquiring computer hardware. Why should software be any different? The short answer is that it doesn’t have to stop there. Operations can be much more efficient.

When the Internet appeared in the 1990s, some software vendors envisioned a different approach. Inspired in part by the mainframe computing of the 1950’s, they saw the potential for a system that not only provided a software product, but also treated the maintenance, hosting, and support of that product as a service.

By combining the idea of a software product that achieves a function with a support system that makes the use of that product inherently simple and trustworthy, they changed the nature of the industry, and slowly but surely turned “the cloud” into a buzzword. So… what have business gained from cloud services?

Industry Response

Some industries were more ready for to the change than others. Consumer offerings, such as YouTube and eBay, provided centralized access to video entertainment and a global marketplace respectively, and served as positive use cases for the applicability of this concept.

Other industries, especially those in the notoriously rigid B2B sector, were less prepared to adapt, instead continuing to offer independent instances and letting the purchaser handle the rest (support, service, troubleshooting, and all of the headaches that come along with it.) This structure forces organizations to foot the bill and even hire their own support staffs for the most complex and unwieldy software. Many of these offerings require organizations to license the product on a per-employee basis, rendering employee adoption and use an increasingly cost-prohibitive option. As efficiency needs grow and margins shrink, one-size-fits-all tools begin to appear to be very wasteful.

Lag Behind or Race Ahead: It’s Your Choice.

Onit’s Enterprise Apps for Enterprise Legal Management aim to directly address these issues for legal departments that desire more than the “old way” can offer. Whether they desire to fill the gaps between the tools they already use or to design a new workflow from the ground up, Onit’s App design philosophy makes it all possible.

Instead of cobbling together features into existing (and many times outdated) ebilling, matter management or enterprise legal management packages and interfaces, Onit seeks to answer the question: how does this legal department’s business work, and how can we help it work better?

Onit and other SaaS providers strive to facilitate success by being responsive to how app users actually use apps instead of treating the database as the center of all things and building out, as traditional all-things-to-all-people Enterprise Legal Management systems do. By approaching the problem of success in business and legal departments holistically, solutions can be designed as opposed to just applied.

The Way of the Future

Though it sounds trite, it’s unassailably true. Subscription-based models are becoming the norm. Netflix killed Blockbuster, just as SharePoint obsoletes FTP and email attachments. By moving Creative Suite to the cloud, Adobe both took steps to combat its long-term piracy problem and made its product exponentially more affordable. Nowadays, video rental shops are few and far between, business information can be easily accessed without having to navigate confusing file structures, and virtually anyone can have access the world’s most advanced design and digital arts suite.

So the question is: will your legal department adopt a smarter business process now, or will you wait until you have no other choice?

The 4 Axioms of Enterprise Legal Management

Posted on June 9, 2015 by - Business Process Management, Enterprise Legal Management

Enterprise Legal Management (ELM), or the integrated administration of legal matter and spend management systems, is quickly becoming the standard in the way that legal departments are managed. By unifying these historically independent areas, management strives to delegate more effectively and develop a holistic view of how resources are put to use to maximize departmental efficiency and make educated, informed business decisions.

As these silos combine, certain truths about how ELM works are becoming self-evident. These axioms can be used to guide your legal department’s transition to a more intelligent set of best practices for legal operations management.

1: Change is good for growth

The history of legal department management software stretches back four decades, and one thing has remained consistent: as software solutions mature and grow along with the legal departments they help manage, those departments must be able to change to keep up with evolving standards. Matter management solutions, which began to gain popularity in the early 1980s, grew in scope and functionality over the subsequent two decades, enabling legal departments to make better decisions about resource deployment. Likewise, the spend management systems of the 1990s introduced new features to enhance the efficiency of financial dispositions.

When these new features entered the market, legal departments were forced to acknowledge that, especially in light of the exponential rate of technological advancement, adaptability is an essential quality for a legal department that values efficiency. Legal should be set up in such a manner that is responsive to change, and to some degree anticipates the technological curve of the near future.

2: Communicate your successes to develop better best practices

Experimentation has always been key to innovation, and this logic holds true in ELM as well. But when success is met, much is also lost if the insight gained is not applied broadly. A policy change that shows success in IP should be considered for other areas if it is applicable. Inversely, if a policy change has unforeseen negative consequences after being applied to an area, there is no reason to sustain that effort simply because it works elsewhere.

The common key to this point is communication. Good ELM requires a constant dialogue so that management has a clear picture of what works and what doesn’t. Without healthy, honest communication between sections of your legal department (and those outside it who interact with its policies,) any Enterprise Legal Management best practice guidelines that your business develops will be threatened.

3: Invest in technology to automate the minutiae and facilitate “smarter” work

In spite of these theoretical considerations, the amount of actionable changes that can be achieved are limited without a software solution that strives to take some of the drudgery and frivolous costs out of ELM. Paper invoices, human error in data entry, and misplaced information are constant hazards for legal, and by adopting a Enterprise Legal Management software solution, a business can drastically improve its overhead and efficiency. 

Onit’s Enterprise Apps for ELM, in contrast with typical, often bloated offerings, are uniquely designed to serve specialized business needs and promote adoption rates, sidestepping the pitfalls of steep learning curves and esoteric user interfaces that plague many other “comprehensive” solutions and limit actual ROIs.

4: Standardize pricing to develop a coherent billing framework

Deciding how best to bill clients can be a challenging question for legal. When precedents conflict and the facts of a business relationship are not stored centrally, ambiguities can present that can lead to lost profits. This will also take some pressure off where it comes to maintaining customer relationships by mitigating the risk of billing errors or inconsistencies.

In tandem with a software solution as discussed above, a clear, consistent guide that drives commodity pricing will go a long way towards increasing efficiency and predictability within legal.

Results

By accepting and internalizing these four truths, legal will provide itself with opportunities to increase value and efficiency while promoting collaboration and minimizing error. By choosing Onit Apps for Enterprise Legal Management, legal departments can achieve those ends to a greater degree while also saving money versus the established “all-in-one” solutions. With Onit Apps, a business can design a solution that perfectly fits with how its legal department is managed and how it interfaces with the rest of the business. 

To schedule a demonstration of Onit’s ELM Apps, email [email protected].

AIG’s Legal Operations Team Wins ACC Value Challenge; Onit’s App Builder Platform a Key Part of Their Strategy

Posted on June 5, 2015 by - Company News and Events

The Association of Corporate Counsel recently announced their list of 2015 ACC Value Champions, a prestigious list of “value leaders” who have successfully transformed their departments to better meet corporate growth objectives. Onit is delighted to congratulate our client, the Legal Operations Center at AIG, for their big ACC Value Challenge win! The purpose of ACC’s Value Challenge is to share industry best practices and to reconnect the value and cost of legal services. This is the second year in a row that one of Onit’s clients has been named an ACC Value Champion. In 2014, ZS Associates won the prestigious award in part for their innovative use of technology, including Onit Apps. We are proud that Onit was able to assist AIG in their success this year!

AIG’s Legal Operations Center (LOC) and the innovative way they addressed their complex process issues, saved the company an impressive $200 million in legal costs in 2014. ACC’s profile of AIG entitled, “Leveraging the Ops Function to Tame the External Spending Beast,” describes four major ways AIG transformed their legal enterprise for the win:

Firm Management
Given the complexity of the fact that AIG contracts with over 1,200 external law firms, the legal operations team designed a consistent, competitive, transparent process to standardize rates and terms. Creating and deploying Onit’s App Builder Platform was an important part of AIG’s strategy. The App Builder enabled AIG to customize a workflow and reporting App that addressed their unique set of challenges. ACC’s Jennifer Salopek writes,

“The team has automated workflows and reporting supported by Onit’s business process management platform, and uses DocuSign to support its contracting needs with law firm panel members. By employing competitive, market-driven tools, the LOC was able to realize reductions in hourly panel rates ranging from 2 to 32 percent.”

Process and Information Management
In order to better understand and predict their legal spend, the AIG team undertook a two-year initiative to develop industry-leading analytics capabilities for five major claims lines of business and created self-service dashboards to compare performance using real-time data.

Alternative Fee Arrangements
The AIG team reduced their costs by 20% over the typical hourly rates by restructuring the way they pay outside counsel for high-frequency, low-complexity matters.

Legal Vendor Management
AIG reduced the cost of e-discovery between 40 – 60% by efficiently leveraging non-firm specialist providers.

Click here to read more about AIG’s Value Challenge win and learn more about the other companies recognized this year.

To learn more about ACC’s Value Challenge, visit the website.

How do you transform your in-house practice to meet the growth needs of your company?  Onit’s App Builder Platform can help!

Contact us today to see how our Enterprise Legal Apps can transform your legal department and “possibly” make your team an ACC Value Challenge winner in 2016.

Deploying Technology and Using Analytics Across the Legal Enterprise: Onit to Moderate a Panel Discussion at ACC Legal Operations Conference

Posted on May 26, 2015 by - Company News and Events

Onit will moderate a panel discussion at the inaugural ACC Legal Operations Conference in Chicago, June 3 at the Intercontinental Chicago Magnificent Mile. The sold-out event, hosted by the Association of Corporate Counsel, will focus on the fast-evolving and ever-important topic of legal department operations. Some of the key topics the conference will address are the rapidly changing technology environment, improving efficiency across the legal department, and prioritizing legal ops improvement initiatives.

Paul Zengilowski, Client Development Executive at Onit, will present a panel discussion entitled, “Innovation and the Law Department of the Future; Deploying Technology to Improve Service and Drive Actionable Analytics,” on Wednesday, June 3 at 4 pm. Panelists will include David Cambria, Global Director of Operations – Law, Compliance, and Government Relations at Archer Daniels Midland Company and Mark Barron, Quality Manager, Legal at Johnson Controls, Inc. Our panelists are at the forefront of an important shift in thinking that “changes the game” from operational efficiency and cost cutting to deploying technology that dramatically improves service and drives analytics that have predictive and actionable value.

Zengilowski, Cambria, and Barron will discuss best practices from both the perspectives of the technology provider and corporate legal department operations.

Join us at ACC’s Legal Operations Conference on Wednesday, June 3rd to learn how:

  • Embracing best practices and technology can help you manage and optimize your complex business processes
  • Using data and developing metrics can help you understand how work gets done, and how to streamline that work from end-to-end
  • Undertaking technology initiatives can drive stronger collaboration and better outcomes across the legal enterprise

To learn more about the inaugural ACC Legal Operations Conference and view the full agenda, click here.

Find out how Onit can help your law department operations team innovate to meet today’s and tomorrow’s strategic challenges. Schedule a demo or contact us today!

Read more on our blog:

Ten Things You Need to Know About Enterprise Apps

Sales Contract Management: What Do Top Performing Companies Have in Common?

Posted on May 22, 2015 by - Business Process Management, Contract Lifecycle Management

Across your business, whether in sales, legal, marketing or vendor management, contracts help protect your company, define relationships and solidify business deals; contracts are the lifeblood of your organization. The sheer number of contracts the average Fortune 2000 company depends on is staggering; tens of thousands of active contracts at any given time. In addition to active contracts, your business also deals with tens of thousands of archived or defunct contracts. Further complicating the contract management predicament is that contract needs vary across business units. Contracts for legal and vendor management are concerned with compliance, for example, while a sales contract defines a specific set of deliverables or products to expedite a sale. Knowing these complicating factors, why do so many organizations employ ad hoc processes for a vital activity such as contract lifecycle management?

Or rather, maybe our question should be…how do top performing companies handle this seemingly endless cycle of contract management? There are many well-documented best practices for contract management in circulation, but one thing these proven techniques have in common is that they exist as part of a measurable, repeatable and visible sales contract management process. What exactly is sales contract management? It is a technology-enabled process by which a selling organization is able to create, store, manage, revise, and track progress around formal business contracts.1

According to Aberdeen Group, top performing sales organizations are 116% more likely to create a formal process to streamline sales contract workflow.2 We’ve seen it time and time again, across many different business activities such as legal matter and spend management, budgeting, or CRM; formal processes enable business units to increase their overall productivity. Here at Onit, we’re not surprised that contract review and approval processes are a major factor in these top performing companies meeting sales quotas and increasing their sales productivity and long-term client value. When Aberdeen Group evaluated key sales KPIs for organizations with and without sales contract management processes, they found that the average sales cycle among companies with a contract management process in place, was a month faster than lower-performing companies without contract management process.3

Sales contract management practices for top performing companies have these five traits:

Fully technology-enabled

Top performing companies usually have one thing in common; they utilize technology to enable their end-to-end sales contract process – from creation to fulfillment. Along the lifecycle, these companies employ e-signature capabilities to keep everything moving along in the digital workspace and a central repository for finalized contracts.

Collaborative

Account management is collaborative by nature. Top performing companies make use of technology-enabled management tools to help foster engagement amongst the sales team and between account managers and clients or prospects. The ability to allocate tasks and define roles and responsibilities in a digital workspace facilitates a more productive and efficient (and enjoyable!) workflow for the people involved. Another healthy side-effect of contract management workflow technology is that it reduces the non-collaborative, time-wasting, administrative tasks account managers must do, leaving them more time to devote to nurturing long-term client relationships. Learn more about adding engagement to your workflows

Transparent

In an optimal sales contract workflow, transparency is paramount. Each sales team member can view where his/her contracts are in the workflow, and what the next steps are to completion. Visibility into the lifecycle increases the ability of the sales team to build a track record of solid communication, an essential component of any long-term business relationship. In addition, a transparent process holds sales team members, managers, and invested parties accountable for their responsibilities within the workflow. With all of the stages of the process being conducted in a digital workspace, the time it takes to finalize contracts decreases. In fact, one Onit client saw a reduction of the time it took to complete contracts, from an average of 16 days down to around 24 hours!

Scalable

A top-functioning sales contract process has standard language and pricing models to fit the bulk of contracts the team will need, thereby creating time and space for legal and management to prioritize resources around the atypical, more complex contracts. The formal, measurable process around standard contracts increases the speed at which your sales team can close potential business. Utilizing a standard contract structure also helps build a solid foundation that can scale alongside the business and the sales organization to fit their evolving needs.

Data-driven

Having real-time contract workflow data into how the process is working and where the process is lacking or affecting the business negatively, enables top performing companies to allocate their people and monetary resources more efficiently. Analyzing the accessible data around your sales contract process also helps to foster an environment of continual improvement.

Could your sales process benefit from more engagement and collaboration? Onit Apps can help you bring transparency, efficiency, and collaboration to your sales contract management workflow. Contact us, or schedule a demo today!

Learn how to standardize and optimize workflows throughout your sales organization with our new whitepaper: Achieving Measurable Success in Account Management.

1. “Reducing Friction in the Sales Cycle: Best Practices in Sales Contract Management,” October, 2013. Aberdeen Group
2. “Getting it Right the First Time: Better Sales Contracting for Busy B2B Sales Operations Leaders,” February, 2015. Aberdeen Group
3. “Reducing Friction in the Sales Cycle: Best Practices in Sales Contract Management,” October, 2013. Aberdeen Group

ReviewAI, Approval, and Management: Onit to Present with Industry Leaders at ACC’s Corporate Counsel University

Posted on May 13, 2015 by - Company News and Events

Onit will be presenting a CLE session on contract administration best practices at the Association of Corporate Counsel’s Corporate Counsel University® conference in Dallas, May 18, 2015. The conference held from May 17 – 19 at the Dallas Marriot City Center, is designed for lawyers who are new to in-house practice or looking to sharpen fundamental practice skills. The two-and-half-day conference provides CLE-accredited sessions on a variety of topics including data security, managing external counsel, and departmental operations issues.

Paul Zengilowski, Client Development Executive for Onit, will be part of a panel entitled “Contracts Part II: Review, Approval and Management” on Monday, May 18 from 11:15 am to 12:45 pm. Joining Zengilowski on the panel are P. Keith Daigle, Senior VP, Legal Affairs & General Counsel at Nestle Health Science – Pamlab, Inc.; Scott Depta, General Counsel at Active Power, Inc.; and Elitza Meyer, Senior Counsel at McKesson Corporation. The panelists will discuss how their departments are currently managing contracting processes and what software and tools they are engaging to help provide structure and accountability to this vital workflow.

What will you learn in this session? Here are some of the key topics we will discuss:

  • There are many stakeholders involved in the contract workflow, including non-lawyers (e.g. paralegals). How do you manage the involvement of many parties without affecting the overall efficiency of the process?
  • What does the contract approval process look like for Nestle Health Science, Active Power, and McKesson Corporation? We’ll provide a map.
  • What sorts of technology and tools exist to manage the contracting process? We’ll cover the full spectrum, from decades-old tools to enterprise-level software.
  • Learn what to look for in an effective tool for managing your contract workflow, from contract creation to reporting and analytics.
  • Practical tips and best practices from the panelists on how your legal department can become a better facilitator in the contracting process within your organization.

For more information or to register, visit ACC Corporate Counsel University.

To learn more about how Onit can help you map out and manage your contracting process more effectively, contact us or schedule a demo today!