Case Study: Fortune 500-listed technology company achieves 72% reduction in contract cycle time with Onit's OnitX Platform

Multinational Corporation Reduces Contract Cycle Time by 72%

Fortune 500-Listed Technology Company, a multinational leader in consumer electronics and business solutions, tasked its Legal department with standardizing reviews, training junior attorneys, reducing contract review time, and improving knowledge sharing. To meet these goals the company selected Onit and deployed the OnitX Platform and CLM solution to scale workflows and enforce corporate standards.

Onit worked closely with the legal team to build AI-enabled playbooks, clause banks and faster redlining workflows, streamline intake and routing, and drive playbook adoption. Within seven weeks Onit’s solution cut time spent on contracts by 42%; after a year the company achieved a 72% drop in total cycle time, reduced initial legal review from 27 to 2 days (~93%), and shortened full contract turnaround from 45 to 9 days (80%).