PresseBox - unn | UNITED NEWS NETWORK GmbH

Karlsruhe, 22.10.2024 (PresseBox) - The latest Vendor Selection Matrix™ from Research in Action has identified stp.one as the winner with its Enterprise Legal Management solution, Knowliah. The company’s advanced AI capabilities, MS Office integration, enterprise-wide search function, and robust customer base were particularly noted as impressive. Additionally, stp.one received the highest scores for customer satisfaction and the best value for money. Both the company and its products were compelling from both strategic and implementation perspectives.

Oliver Bendig, CEO of stp.one, stated: “Our vision is to simplify legal workflows and eliminate their complexity. We support the digitization of these processes by centralizing, automating, and enhancing legal workflows—from Contract Lifecycle Management and Legal Knowledge Management to Enterprise Search—using AI technology. This empowers legal departments to transform their previously reactive approach into proactive business enablement. Those who embrace Knowliah shiX from being a boYleneck to a business booster, opening up new perspectives for themselves and their organizations.”

stp.one: A Key Innovator in the ELM Segment

The leader position in the Vendor Selection Matrix™ for ELM confirms that this approach is not only understood and welcomed in the market but is already being implemented. stp.one’s deep understanding of current and future customer needs, along with its strong expertise in digitizing ELM processes, positions it as an important AI innovator, as noted in the Vendor Selection Matrix™. The continuous rollout of new features and functions for its ELM solution, Knowliah, was also positively recognized. Analysts report that customers are eagerly anticipating the upcoming integration of Knowliah with stp.one’s DMS pla\orm and Smart Data solution.

This assessment aligns with another finding from the study, which reveals that 88% of ELM professionals in Europe plan to increase spending on AI tools in the coming year. These plans correspond with expert opinions that the integration and rollout of AI (78%) and the automation of legal processes (77%) are among the top ELM trends for 2025.

For more information you can download the full Vendor Selection Matrix™ here.

About the Vendor Selectionon Matrix™

Research in Action regularly surveys over 10,000 IT and business executives to gain insights into strategies, investments, and challenges related to technology innovations in IT. These surveys form the basis of the Vendor Selection Matrix™. For the current report on the leading Enterprise Legal Management (ELM) solutions, analysts surveyed 1,000 ELM professionals with budget responsibilities in continental European companies. The ELM benchmark study focused on their current practices and plans for the year 2025.