Aderant Introduces Onyx: Law Firms’ OCG Compliance Chaos is About to End

Onyx, the only solution to automate and unify OCG compliance across time, billing and eBilling, will launch at Aderant Global Momentum in Denver next month

Aderant, a leading provider of legal business management solutions, has announced the upcoming launch of Onyx – a revolutionary AI-powered solution that will transform Outside Counsel Guideline (OCG) compliance for law firms – at its upcoming Global Momentum conference in Denver, CO. Previously, firms have used a patchwork of manual and semi-automated systems to take in OCGs and enforce their terms in timekeeping, but this left behind billing and eBilling. With the groundbreaking Onyx solution, Aderant offers a fully automated and unified system that connects compliance throughout the timekeeping, billing, and eBilling processes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230419005435/en/

Aderant Introduces Onyx, the only solution to automate and unify OCG compliance across time, billing and eBilling. Onyx will launch at Aderant Global Momentum in Denver next month. (Graphic: Business Wire)

“Law firms have been grappling with billing and compliance for far too long, and it's about time they had a solution that actually works. Aderant is proud to offer the first advanced AI platform that ensures compliance across the entire time and billing journey,” said Aderant President & CEO Chris Cartrett. “This helps law firms get paid without issues and put an end to the madness that has long weighed them down.”

Onyx is designed to tackle the biggest challenges of complying with client guidelines:

• Compliance:
  • Onyx automatically detects risks and provides real-time guidance to ensure that time entries, expenses, bills, and eBills are always compliant with client guidelines. Violation reports help firms address issues where they arise. Onyx is the only solution that effectively addresses eBilling compliance challenges. Its sophisticated ‘closed loop’ system feeds back intelligence from the eBill vendor sites on adherence to rules, any hidden rules, and any guideline changes.
    
    
    
    
• Costs:
  • Onyx drastically reduces costs of compliance. “Equipped with high-performing, pre-trained AI, Onyx delivers quick time-to-value and substantial cost savings for our clients,” said Aderant Chief Product Officer Doug Matthews. “Our AI promptly extracts terms from lengthy OCG documents and categorizes them for easy reference with minimal human intervention. It then helps create and validate rules at each step of the time and billing journey. This reduces the burden on lawyers and staff, improving productivity and profitability.”
    
    
    
    
• Coordination:
  • Onyx provides a centralized repository of client guideline documents, terms, and rules –categorized by client, matter, and business area. This makes it easy for people to find information they need without sifting through endless documents. The system tracks any changes made to OCGs and notifies relevant parties, ensuring everyone is up to date on the latest developments.
    
    
    
    
• Compensation:
  • Compliance with client guidelines is crucial to a firm's ability to receive compensation for services rendered. Onyx reduces the risk of bill rejections, write-downs, and write-offs, which unchecked can lead to significant reductions and delays in payment. Firms can protect their client relationships, preventing loss of trust and potential future business opportunities.

“Onyx is a game-changer for law firms because it addresses these challenges at their core,” said Matthews. “For the first time ever, firms can ensure end-to-end compliance, improve coordination across multiple teams, reduce costs, and minimize reductions and delays in compensation.”

Solving billing and compliance issues enables firms to get paid without friction and manage the client contractual relationship with confidence. Moreover, it frees up lawyers' time and allows them to focus on work quality and billable hours. This all results in improved revenue, profits, and client retention.

Onyx will integrate with all major legal financial and practice management systems, ensuring seamless operations for law firms.

Firms interested in Onyx are encouraged to register for Aderant’s Global Momentum conference taking place in Denver, CO from May 8-11. The company will give a live demonstration for all in-person and virtual attendees and offer several deep dive breakout sessions. Special pricing incentives will be available to firms who sign up for Onyx at the event. Register for this event here: https://www.aderant.com/momentum/2023-05-momentum-denver/.

About Aderant^®

Aderant is a global industry leader which provides comprehensive business management software for law firms and other professional services organizations. The company’s popular technology brands include Aderant Expert/Expert Sierra for practice management, Handshake and Drive for knowledge management, iTimekeep for timekeeping, Onyx for OCG compliance, BillBlast for eBilling, Milana for docketing and calendaring, Expert Case for legal case management and the vi by Aderant suite of products for people management. Aderant operates as a unit of Roper Technologies (NYSE: ROP), a constituent of the S&P 500^® and the Russell 1000^® indices. The company is headquartered in Atlanta, Georgia, and has several other offices across North America, Europe, and Asia-Pacific. For more information, visit Aderant.com, email info@aderant.com, or follow the company on Twitter @Aderant or LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230419005435/en/

Aderant Introduces Onyx: Law Firms’ OCG Compliance Chaos is About to End