In addition, new data from Onit’s 2023 Enterprise Legal Reputation (ELR) Report reveals a decline in the quality of interactions that Legal has with various departments, particularly with revenue-impacting functions. As enterprises operate in uncertain economic times, both help corporate legal departments optimize their operations by addressing three rising challenges: increasing volume and complexity of matters, unclear ROI and changing dynamics between Legal and internal clients.Īccording to HBR Consulting, in-house legal teams anticipate an 84% increase in demand in the coming year. The release and integration of OnitX and Onit Catalyst are purposefully timed. Onit Catalyst provides legal teams with insights at the point of need, enabling them to swiftly make better data-driven legal and contracting decisions and proactively manage their law firm business relationships. 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. Onit, the leading provider of legal workflow solutions, including enterprise legal management (ELM) and contract lifecycle management (CLM), 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.
The OnitX platform tightly integrates with the AI-enabled products of Onit Catalyst to provide business-critical ELM and CLM workflows that empower corporate legal teams to make better decisions faster.
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