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TMCNet:  Onit Expands Client Base and Overall Growth in 2013

[February 14, 2014]

Onit Expands Client Base and Overall Growth in 2013

HOUSTON --(Business Wire)--

Onit, a leading provider of Smart Process Apps, today announced that 2013 was a year of continued growth for the company, with achievements including:

  • The addition of 11 Fortune® 500 companies as clients
  • Global reach of the company's Smart Process Apps, with clients using Onit Apps in more than 175 countries
  • Quadrupling revenue growth from the previous year
  • Launching its App Market, a collection of Apps that automates processes across various departments (i.e., legal, sales, procurement, channel, IT, compliance, etc.)

"Our clients can harness unprecedented functionality, customization and user adoption within hours with Onit's Smart Process Apps," said Eric M. Elfman, co-founder and CEO of Onit. "Compare this to the often time-intensive, function-limited and cost-intensive solutions traditionally deployed across an enterprise and it's clear to see why our clients select Onit. In 2013, we executed to our strategic goals and anticipate continued growth in 2014."

In 2013, Onit greatly expanded on its offerings of Smart Process Apps. In January, Onit unveiled 10 legal Smart Process Apps at LegalTech New York. This was followed by the launch of its Smart Process App market in September, which showcases 22 Apps across various departments covering compliance, HR, T, legal, procurement, real estate and sales.


Onit also introduced e-sign capabilities for its contract management Apps in October. This functionality gives Onit Smart Process App users the ability to electronically sign any contract or document as well as submit, review, approve and manage them with one easy-to-use tool. Onit also introduced document assembly functionality which creates documents from templates using submitted form data and allowing for immediate turnaround of documents such as Non-disclosure Agreements to the business.

In October, software advisor Capterra named Onit to its top-twenty list of leading contract management software - an award based on a combination of total number of customers, active users and online presence.

Onit also continued to support the legal community with exhibitions at LegalTech New York, LegalTech West Coast and the Mitratech User Conference.

To learn more about Onit, visit www.onit.com.

About Onit

Onit was formed by legal software industry experts Eric M. Elfman and Eric A. Smith, co-founders of Datacert, a leading provider of enterprise spend management software. Launched in 2011, Onit deploys Onit Apps to simplify business process automation and improve business productivity across all departments and industries. The Onit App Builder allows business users to drive efficiency and productivity by combining business process management, project management and information management into one easy to use tool so the user can create their own Onit Apps without having to rely on IT for support.

Businesses have processes for everything -- whether it's hiring a vendor or law firm, terminating an employee, submitting a contract for review, requesting a trademark request, obtaining an NDA, etc. Most of these processes are manual, paper intensive and cumbersome. With Onit Apps, processes are automated in a few clicks, responsible parties are notified immediately, and data collection is centralized. Onit doesn't require any software to download or resources from IT. For more information, visit www.onit.com or contact 1-800-281-1330.


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