San Francisco-based Ivo has now launched Repository and Assistant, two revolutionary generative AI contract intelligence products that will revolutionize legal procedures with ease and accuracy. The new solutions allow companies to extract rich insights from hundreds of contracts in seconds. Conventional Contract Lifecycle Management (CLM) solutions have long failed to offer rich, actionable insights. With Ivo’s solutions, business and legal teams are now able to interact with their contracts in natural language and AI-powered insights.

What the AI Contract Intelligence Tools Do

Repository

The repository offers robust dashboard functionality that brings contract-level insights to the forefront by means of AI-created columns and customized views. Users are able to see levels of deviation from vanilla templates, associate amendments to master agreements, and detect anomalies between agreements, albeit in real time. It enables legal departments not only to store contracts but also to dissect them by various aspects of business, such as risk, renewal, and compliance at scale. It makes the Repository suitable for companies that are handling thousands of contracts, allowing the potential of proactive legal operations rather than reactive actions.

Assistant

Assistant allows legal, procurement, and business teams to ask plain language questions and get correct answers – no tagging and manual processing required. Powered by Ivo’s proprietary AIRE (AI Repository Engine) technology, the tool is attuned to the nuances of legal language and can identify clauses on data security, renewal terms, or indemnity in large datasets. Its cloud and on-prem storage integration guarantees agility, and its integration with Microsoft Word enables contract negotiators to get intelligent suggestions while editing in real-time.

Why Leaders Love Ivo’s AI

“CLMs have promised more than they can deliver,” comments Min‑Kyu Jung, Ivo Co-founder & CEO. “Legal teams now have contextual, trusted insights at their fingertips.”

Jung explains that legal professionals do not require more than austerely strict systems—what they require are systems that evolve with the business. Legal AI analysts concur.

Zach Posner, Managing Partner of The LegalTech Fund, believes that more than 55% of legal departments are investigating or implementing AI technologies to improve contract comprehension.

Icertis marketing executive Bernadette Bulacan verifies the need for platforms that can search and be decision-capable on contracts, and Jennifer Swallow, ex-Director of LawtechUK, calls for smarter, less legal tech with more functionality in one platform. These are the types of voices that dispel fears that Ivo is spearheading a paradigm shift.

Real-World Impact: Efficiency, Compliance & Cost Savings

Ivo’s Repository and Assistant abolish laborious manual tagging, reduce implementation time, and substitute inflexible templates with easy-to-use AI interfaces. Procurement and compliance teams can move from sorting through hours of contracts to real-time responses, enhancing not only productivity but also compliance accuracy. The AI leverages its repository of historical contracts negotiated and offers context-based suggestions in alignment with organizational policy, dramatically reducing risk. With its add-in for Microsoft Word and its native cloud integration, Ivo is built for in-the-trenches applications—n, not for theoretical automating.

Since receiving its Series A funding in early 2025, Ivo has seen mass adoption with more than 200 law firms, including blue-chip names Canva, Quora, and Eventbrite, already using the platform. All these organizations have reduced contract review time by as much as 75%, allowing teams to concentrate on strategy work and not administrative bottlenecks. Time and risk savings are enormous ROI for organizations that want AI-driven transformation for legal ops.

Industry Environment: A Paradigm Shift towards AI-Powered Legal Tech

Generative AI is revolutionizing the face of contract lifecycle management, allowing legal departments to say goodbye to bookkeeping and hello to real-time intelligence. Great work is being done by Icertis, LexisNexis, and DocuSign, but Ivo is leading the charge by doing something more than the conventional CLMs. It brings AI-born solutions that have the potential to displace legacy systems altogether. This is a move from “systems of record” to “systems of understanding,” in which every contract is a strategic asset.

Legal tech sector leaders are following suit closely with this movement. In-house counsel are pressed to extract maximums without losing compliance, a recent Financial Times report explains. Artificial intelligence-powered contract technologies now perform clause identification, anomaly alerts, and predictive risk insights, changing legal department workflow. As businesses continue to grow, the capability to react to contract portfolios with intelligence, velocity, and reliability will be what divides success.

FAQs

Q1. What is AI contract intelligence, and how is it different from legacy CLM systems? 

AI contract intelligence is the use of artificial intelligence to extract actionable information from legal contracts. In contrast to legacy CLM systems that store documents, AI solutions like Ivo’s Repository and Assistant allow natural language queries, risk reactions, and instant business intelligence.

Q2. How does Ivo’s Assistant work within today’s contract management solutions? 

Ivo’s Assistant is fully embedded across environments like Google Drive, SharePoint, and Microsoft Word. It enhances today’s process with smart clause identification, context-aware suggestion, and fast, accurate search across content, without having to tag and reprocess their existing solutions.

Q3. Will legal and non-legal teams utilize Ivo’s Repository and Assistant product/service? 

Yes, Ivo’s products and services are cross-functional team solutions. User roles such as legal, sales, procurement, and operations can use the platform to gain insights from contracts, monitor obligations, and support negotiations without requiring extensive law knowledge.

Q4. What level of return on investment do companies expect from Ivo’s AI capabilities?

Companies using Ivo experienced a savings of 75 %+ on their review time on contracts, creating quicker conveyancing, better understanding, lower legal risks, and savings on legal work, creating a high ROI on their contracts. 

Q5. Is Ivo’s AI software secure and compliant with data privacy?

Yes, Ivo’s platform has enterprise-level security architecture and is compliant with major regulatory data privacy compliance legislation like GDPR and CCPA. Ivo provides secure access and encrypted data storage along with total user access and document-sharing control.

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