Ivo
AI Contract Review Software for Legal Teams
What is Ivo? Complete Overview
Ivo is the world's first true AI contract intelligence platform designed to transform complex contract reviews into confident, lightning-fast processes. Tailored for legal teams, Ivo scales legal expertise without compromising standards, ensuring precision and efficiency. The platform integrates seamlessly with Microsoft Word, allowing users to review and redline agreements effortlessly. Ivo leverages your contract knowledge, including playbook guidelines and clause language, to generate accurate answers and flag high-risk provisions. With features like one-click reports, customizable playbooks, and a powerful repository, Ivo unlocks unprecedented efficiency in legal operations. Target users include legal professionals, enterprises, and legal operations teams seeking to streamline contract review and negotiation processes.
What Can Ivo Do? Key Features
Contract Review in Microsoft Word
Ivo integrates directly with Microsoft Word, enabling users to review and redline agreements within their familiar workflow. The AI flags high-risk and non-market provisions, ensuring compliance with your playbook guidelines. This feature supports both first-party and third-party paper modes, making it versatile for various contract types.
One-Click Reports
Generate fully configurable email memos, issues lists, and summary reports with a single click. The issues list is presented in a table format derived from your playbook, while memos can be created to inform colleagues of outstanding issues in the agreement. This feature simplifies the reporting process, saving valuable time.
Customizable Playbooks
Ivo Playbooks are easy to build and allow users to configure clause libraries, preferred and fallback positions, default comments, and more. You can add checklist items and clauses, share them between playbooks, and provide resolution guidance. This ensures consistency and accuracy in contract negotiations.
Repository for Contract Insights
Ivo Repository automatically extracts key data from your contracts and lets you define Views that show what matters most. It compares agreements to standard templates or historical norms, flagging deviations and silent gaps. The repository supports dynamic columns and views for use-case-specific dashboards.
AI Legal Assistant
Assistant is your smart AI legal associate for real-time collaboration in Word and your Repository. It delivers context-aware redlines, understands legal nuance, and provides accurate answers grounded in your contracts. Assistant can also tidy up agreements, manage approvals, and compare documents.
Best Ivo Use Cases & Applications
NDA Review
Legal teams can use Ivo to review and redline NDAs quickly, reducing the average approval time from four days to two. The AI flags non-standard clauses and suggests fallback language, ensuring compliance with company policies.
Contract Negotiation
Ivo helps legal professionals negotiate contracts 85% faster by providing real-time recommendations based on past negotiations. The platform ensures consistency and accuracy, reducing the risk of errors.
Risk Management
Ivo flags high-risk and non-market provisions in contracts, enabling legal teams to focus on critical issues. The Repository compares agreements to historical norms, identifying deviations and silent gaps.
How to Use Ivo: Step-by-Step Guide
Start using Ivo to review agreements immediately. Set up your company profile and begin playbook creation with the help of the Ivo Implementation team.
Within the first week, implement initial playbooks, set up approval rules and guardrails, and add fallback positions and preferred clause language.
By day 30, finalize all playbooks and start reviewing, redlining, and negotiating contracts 85% faster. Ensure consistent negotiating processes across your organization.
Utilize Ivo's Repository to extract key data from contracts and define custom Views for insights. Compare agreements to standards and flag deviations.
Leverage the AI Legal Assistant for real-time collaboration, context-aware redlines, and accurate answers to complex legal questions.
Ivo Pros and Cons: Honest Review
Pros
Considerations
Is Ivo Worth It? FAQ & Reviews
How Much Does Ivo Cost? Pricing & Plans
Free
$0Basic
Contact for pricingPro
Contact for pricingEnterprise
Contact for pricingMonthly Visits (Last 3 Months)
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