Houston, October 15, 2024 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms, has been named a Major Player in the IDC MarketScape: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2024 Vendor Assessment. This prestigious recognition reflects Onit’s continued dedication to innovation and excellence in the contract lifecycle management (CLM) space.
A Testament to Innovation and Excellence
The IDC MarketScape report is a comprehensive evaluation of the capabilities and business strategies of CLM software vendors, with a specific focus on how these platforms support corporate legal departments. Onit’s inclusion as a Major Player underscores the strength of its product offerings, innovation in CLM, and long-term strategic vision in this competitive market.
“As we continue to evolve and expand our products powered by AI, being recognized as a Major Player in the IDC MarketScape report is a significant milestone,” said Michael Farlekas, CEO of Onit. “This recognition reaffirms our commitment to delivering transformative solutions that empower legal teams to manage contracts efficiently and strategically.”
Onit’s CLM software combines advanced workflow automation, artificial intelligence, and data-driven insights to optimize contract management, reduce risk, and improve compliance. By streamlining contract lifecycle processes, Onit helps legal departments drive value and efficiency across their organizations.
About ONIT
Onit is a global leader in AI-enabled workflow automation solutions for legal, compliance, sales, IT, HR, and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes, and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally. It helps transform how Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement.Onit helps customers find gains in efficiency, reduce costs, and automate transactions faster. For more information, visit onitprostg.wpengine.com.
