Onit is a contract lifecycle management software platform tailored for legal departments and procurement teams. It offers various tools to streamline the creation, negotiation, execution, and analysis of contracts. Onit's customizable interface does not require programming skills, allowing users to adapt the platform to their specific workflows. In addition to tracking contract status and automating routine tasks, Onit provides reporting capabilities that offer insights into performance metrics throughout the contracting process.
Eric M. Elfman and Eric Smith founded Onit in 2007 with the goal of revolutionizing contract management for legal and procurement specialists. Their vision was to develop innovative software solutions that would enhance efficiency across all stages of contract management from creation through analysis. The core functions of Onit automate routine tasks related to contracts while tracking their status and providing valuable data for strategic decision-making through robust reporting features.
Onit's main competitors include Apttus, ContractWorks, Icertis, and DocuSign CLM—each offering similar solutions in the contract lifecycle management space. However, Onit distinguishes itself through its user-friendly customizable interface that requires no programming skills and its strong emphasis on data-driven insights through comprehensive reporting features. These advantages position Onit as a highly adaptable solution capable of driving operational efficiencies within legal departments and procurement teams by providing critical insights into performance metrics across the contracting process.