Onit, Inc., a leading provider of Enterprise Apps, announced the
creation of an index of its publicly traded customers called the Onit
Index. Created to monitor the long-term success of its customers, the
index shows astonishing results for the first half of 2014. As of June
2014, the average Onit Index stock value increase was 23.7% higher than
the S&P 500 and Dow 30 indices averages.
"We were delighted to find that the Onit Index far outperformed both the
Dow 30 and S&P 500 indices," said CEO Eric M. Elfman. "While we cannot
take credit for our customers' success, we believe that the index is an
indicator that fast-growing, innovative companies are turning to
cutting-edge technology and choosing Onit Apps over traditional software
systems and enterprise platforms. Our Apps not only help customers
streamline operations, control costs, and reduce company risk but they
can play a pivotal role in their overall profitability."
The Onit Index is comprised of 10 Fortune® 500 companies, five large
global companies and three smaller companies across a variety of
industries, including technology, insurance, legal, consulting,
financial services, healthcare, consumer retail, industrial,
pharmaceutical, and energy. The attached graph shows YTD growth from
January through June 2014.
To see an interactive graph, visit http://www.onit.com/blog/detail/19084/onit-customers-outperform-djia-and-sp-500-on-h1-ytd-growth.
Onit Apps are trusted by some of the largest global companies and
channels resellers in the world and have been implemented in more than
175 countries. Traditional process management initiatives normally take
between nine to 12 months for scoping, implementation and execution.
Onit Apps are configured in days or weeks - not months - so companies
can reap the financial and operational savings faster. Created as a
truly collaborative platform, enhancements to Apps can be made anytime
and the process is completely iterative.
Onit was formed by software industry experts Eric M. Elfman and Eric A.
Smith, co-founders of Datacert, a leading provider of enterprise spend
management software. Launched in early 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 is hiring a
vendor or law firm, terminating an employee, submitting a contract for
review, requesting a trademark request or obtaining an NDA. Most of
these processes are manual, paper intensive and cumbersome. With Onit
Apps, processes are automated in a few clicks; notifications are sent to
responsible parties and data collection is centralized. Onit does not
require any software to download or resources from IT. For more
information, visit www.onit.com
or contact 1-800-281-1330.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140812006063/en/
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