Ivo Platform
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A Ivo Platform is a contract tech platform developed by Ivo, Inc..
- Context:
- It can (typically) support Ivo Products.
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- It can range from being a basic document review tool to a comprehensive contract lifecycle management solution.
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- It can have features like AI-Generated Redlines and Dynamic Checklist Review.
- It can include Microsoft Word, Google Docs, and PDF formats, making it accessible across multiple document platforms.
- It can be utilized by legal teams in tech companies, startups, and large corporations seeking to optimize their contract review processes.
- It can automate compliance reviews, ensuring contracts align with industry and company standards.
- It can leverage machine learning models to automatically identify contract clauses that need revision based on company-specific playbooks.
- It can generate Ivo Issues Lists, which provide detailed lists of key risks, clause references, and suggested changes.
- It can be configured using the Ivo Customization Platform to set up company-specific playbooks, clause libraries, and checklist templates.
- It can facilitate compliance by providing support for GDPR, CCPA, and other regulatory standards through built-in checks.
- It can include features like AI-Powered Comment Bubbles, which automatically insert justifications and explanations for redlines and edits.
- It can offer SOC 2 Type II certification, ensuring the confidentiality, integrity, and availability of sensitive legal data.
- It can provide Comprehensive Summarization features, generating overviews for key contract details and terms.
- It can help reduce review times by up to 75%, increasing overall efficiency in legal departments.
- It can integrate seamlessly with other legal management platforms for enhanced workflows.
- It can include a range of customizable modules, such as clause libraries and risk assessments, to adapt to different business requirements.
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- Example(s):
- The Ivo AI Contract Review Platform — An example of an Ivo Platform focused on automating contract reviews and integrating with document platforms like Microsoft Word and Google Docs.
- The Ivo Customization Platform — A version of the Ivo Platform that allows for setting up bespoke clause libraries and playbooks for company-specific needs.
- The Ivo Compliance Platform — A specialized Ivo Platform module that includes automated GDPR and CCPA compliance checks.
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- Counter-Example(s):
- LegalOn Platform, ...
- Harvey AI Platform, ...
- Robin AI Platform, ...
- See: Ivo, Inc., Contract Lifecycle Management (CLM), AI-Powered Legal Tech, Automated Document Review.