Ivo Introduces AI-Driven Solutions for Contract Lifecycle Management
Legal teams have traditionally used contract lifecycle management (CLM) systems primarily to store agreements. However, extracting meaningful insights from these contracts often meant manual review of extensive documents. Ivo, a leader in generative AI-powered contract review, has launched a new suite of products that brings an AI-native approach to CLMs, aiming to change how contracts are analyzed and managed.
Introducing Repository and Assistant
The first product, Repository, enables users to create dashboards featuring contracts with AI-populated columns. This allows quick access to key business and legal insights. Powered by Ivo’s proprietary AI Repository Engine (AiRE), Repository can automatically cluster related documents—such as amendments linked to a master agreement—and highlight how contracts deviate from standard templates.
The second product, Assistant, lets legal and business teams query tens of thousands of contracts in natural language. Regardless of contract storage location, Assistant delivers accurate, comprehensive answers. AiRE’s intelligence enables responses to complex questions like, “Which customer contracts include bespoke data security requirements?” by understanding contract variations from standard terms.
Direct Integration and Ease of Use
Unlike traditional CLM systems that demand extensive tagging, rigid templates, or lengthy setup, Ivo’s offerings connect directly to platforms such as Google Drive, SharePoint, and even on-premise systems. Additionally, the Ivo Assistant integrates with Ivo’s Microsoft Word add-in, providing real-time recommendations during contract negotiations based on historical data.
Proven Impact and Broader Application
Since securing Series A funding earlier this year, Ivo has become a trusted AI solution for contract review. Over 200 legal teams—including those at Canva, Quora, and Eventbrite—have reduced review time by up to 75% without sacrificing accuracy. With Repository and Assistant, Ivo expands its scope beyond contract review into what it calls AI contract intelligence. This approach aims to replace traditional CLMs by offering instant, contextual intelligence rather than static records.
Repository and Assistant are already available in early access for Ivo customers. The platform supports enterprise-scale contract portfolios—handling tens of thousands of documents without manual uploads or tagging. These tools also serve procurement, sales, and operations teams, enabling any department that interacts with contracts to gain quick, reliable insights.
Transforming Contracts into Strategic Assets
By combining Repository and Assistant, contracts shift from passive files to strategic tools that improve decision-making. Tasks that once took hours of manual review can now be accomplished with a simple natural language query.
“This isn’t just faster. It’s foundationally smarter,” said Min-Kyu Jung, Co-founder and CEO of Ivo. As contract volumes grow and business environments become more complex, the need for clear visibility, precision, and speed is critical. Ivo’s new solutions aim to set a new standard for real-time contract intelligence, making every agreement searchable, every risk transparent, and every contract a valuable asset.
About Ivo
Ivo’s mission is to reduce the time, effort, and cost involved in managing contracts. Founded in New Zealand and now based in San Francisco, the company was created out of the founders’ firsthand experience with slow contract review processes. Ivo offers one of the most accurate AI contract review platforms, helping legal and business teams accelerate deal closing and remove bottlenecks in contract workflows. By automating contract review with AI, Ivo streamlines collaboration and negotiation across organizations.
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