Source: GlobeNewswire
Legal teams have long relied on contract lifecycle management systems (CLM) tools to store agreements – but when it comes to extracting insights, they’ve been left digging through reams of documents manually. Ivo, a generative AI-powered contract review solution, announced the launch of a new suite of products designed to take an AI-native approach to reinventing CLMs.
The first is Repository, which allows users to build dashboards of their contracts with custom AI-populated columns, surfacing key business and legal insights in minutes. Repository uses Ivo’s proprietary AI Repository Engine (AiRE) to (a) automatically cluster related documents such as amendments to an underlying master agreement; and (b) calculate and display the degree to which agreements deviate from standard template positions.
The second is Assistant; legal and business teams can now query tens of thousands of contracts using natural language and receive accurate, comprehensive answers regardless of where those files are stored. With AiRE, Assistant is capable of answering complex questions like “Which of my customer contracts have bespoke data security requirements?” which require true intelligence and a knowledge of how and to what extent contracts deviate from standard positions.
“CLMs were supposed to solve the problem of extracting true intelligence from contracts, but have overpromised and underdelivered,” said Min-Kyu Jung, Co-founder and CEO of Ivo. “We’re solving the knowledge problem. Legal teams don’t need another static system of record. They need intelligence at their fingertips — contextual, instant, and deeply reliable.”
Read the full article: https://www.globenewswire.com/fr/news-release/2025/06/11/3097560/0/en/Ivo-breakthrough-AI-turns-mountains-of-legal-contracts-into-actionable-business-intelligence.html
