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Ivo

Precision Contract Review for the Enterprise

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Description

Ivo provides an advanced AI solution tailored for enterprise contract review, transforming time-consuming analysis into a swift and confident process. By leveraging artificial intelligence, it aims to scale legal expertise effectively without compromising on standards. The platform integrates directly into existing workflows, including Microsoft Word, Slack, and Email, allowing for seamless contract review and redlining.

It utilizes customizable 'Playbooks' based on an organization's specific guidelines, clause libraries, and fallback positions to ensure consistency and precision. Ivo automatically benchmarks agreements against market standards, flags high-risk provisions, and generates comprehensive reports like issues lists and memos. With features designed for enterprise needs, such as configurable approval workflows and robust security protocols including SOC 2 Type II certification, Ivo helps legal teams significantly improve efficiency and maintain control over their negotiation processes.

Key Features

  • AI Contract Review: Review and redline agreements directly within Microsoft Word.
  • Customizable Playbooks: Configure clause libraries, preferred/fallback positions, comments, and review guidelines.
  • Automated Reporting: Generate one-click email memos, issues lists, and summary reports.
  • Ivo Assistant: Review entire agreements via Slack and Email integrations with configurable guardrails.
  • Approval Workflows: Set up rules to automatically route high-risk items for necessary reviews.
  • Benchmarking: Automatically flags high-risk and non-standard provisions.
  • Tidy-up Feature: Checks agreements for consistent use of defined terms and clause references.
  • Chat Functionality: Interact with Ivo to give redlining instructions or ask questions about documents.
  • Integrations: Connects with Slack, Email, and other tools via Zapier.
  • Search Agent (Coming Soon): Search contracts using natural language queries without metadata.

Use Cases

  • Accelerating enterprise contract review cycles.
  • Ensuring consistent application of legal standards across agreements.
  • Reducing manual effort and time spent on contract analysis.
  • Identifying and mitigating risks in first-party and third-party contracts.
  • Streamlining contract approval and escalation processes.
  • Managing and leveraging institutional knowledge through custom playbooks.
  • Improving negotiation outcomes with data-driven insights and benchmarks.

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