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Artificial Intelligence, Legal Operations Matter & Legal Spend Management

Onit, Inc.

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Onit is a global leader of workflow and artificial intelligence platforms and 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 and helps transform the way 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 www.onit.com or call 1-800-281-1330.
Apptitude, Onit’s workflow and business process automation platform, empowers organizations of all sizes to easily create, modify and deploy workflow Apps and solutions that solve real business problems. The no-code platform is highly configurable and scalable. In addition, it supports an unlimited number of solutions, from department-specific to shared solutions across the enterprise.

 

Onit’s Contract Lifecycle Management (CLM) software product empowers legal and business teams with end-to-end automation of their entire contract management process. Onit CLM is a cloud-based contract management software product with automated functionality that supports all phases of the contract lifecycle from capture and creation, through negotiations and approvals, to execution and post-execution management. Onit CLM streamlines the entire contract lifecycle and provides ease of use for all parties involved while reducing risk in the process. With the ability to have unlimited users and an intuitive, user-friendly interface, Onit CLM dramatically improves supplier and vendor relationships as well as overall customer satisfaction.

 

Onit’s Enterprise Legal Management solution is a “system of engagement” that helps law departments provide better service to their businesses while improving operational efficiency. Matter management and e-billing are only a fraction of a legal department’s responsibilities and Onit’s enterprise legal management software can help manage the whole of your legal department’s operations. Onit’s enterprise legal management software is comprehensive, letting you solve for any of your legal department’s needs including contract lifecycle management, NDA creation and distribution, legal holds, legal service requests, and nearly 200+ other bespoke workflow solutions.

 

Onit’s Legal Spend Management solution delivers a single platform that allows third parties—such as law firms and other vendors—to submit invoices securely and directly to the corporate legal department. Legal teams can track and manage all of their legal spend to gain a deeper visibility into legal costs, make smarter decisions about how they source legal work and improve the predictability of their legal spend. Using Onit’s legal spend management solution, business rules can be configured to provide an automated review for compliance errors and routing for approval. The solution also provides comprehensive audit invoice review that stands up to internal and external compliance requirements. Informed and proactive legal department leaders across the globe see huge advances in technology to increase visibility and efficiency, while reducing risk for their department. Now is the time to embrace change and technology innovation.

 

Onit’s Matter Management solution delivers visibility about your overall matter portfolio and provides real-time data and dashboards so you can monitor and track all your matters throughout their lifecycle. Legal team members have immediate access to critical matter, financial and performance metrics through simple information collection, management and workflow.

 

Precedent is an artificial intelligence platform that automates and improves both legal and business processes for corporate legal departments, law firms, contract professionals, and procurement teams. With the single mission of helping business professionals get more work done faster, the AI engine automates existing mundane, manual and costly legal processes enabling continuous learning and workflow improvements. The Precedent intelligence platform brings together advanced AI techniques to empower organizations with artificial intelligence that reads, writes, and reasons like a lawyer.

 

Onit’s ReviewAI software uses artificial intelligence (AI) to quickly and accurately draft, review, redline, and edit all types of contracts in minutes. Non-legal business users can now automatically receive a reviewed, redlined, and approved contract via email or self-service portal in less than 2 minutes. For more hands-on functionality, the ReviewAI Word Add-in designed for lawyers and contract professionals automatically drafts, reviews, redlines, and edits contracts against corporate standards. The AI skillset quickly learns based on user feedback and is easily customizable so that it can be applied to many different use cases including NDAs, MSAs, purchase agreements, and third-party contract review. When paired with a contract lifecycle management system like Onit’s, organizations obtain an AI-driven workflow that automates the entire contract lifecycle from creation to execution.
Customers Biglaw, Corporations, Government, Midsize Firms
Tags Non-Event

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