Ivo vs Legartis Detailed comparison features, price

Ivo

Ivo is a sophisticated AI contract review platform that seamlessly integrates with Microsoft Word, Google Docs, and PDF environments. The software employs advanced artificial intelligence to analyze legal agreements and generate accurate redline suggestions based on customized requirements.

The platform stands out for its ability to adapt to company-specific legal language and guidelines, offering features such as automated issues list generation, contract summaries, and defined terms analysis. With enterprise-grade security certifications, Ivo ensures the confidentiality and safety of all contract-related data.

Legartis

Legartis offers an advanced Artificial Intelligence solution designed for automated contract review and comprehensive legal analytics. It assists legal, sales, and procurement teams by streamlining contract workflows and identifying potential risks. The platform operates effectively in German, English, and French, functioning independently as either a Microsoft Word add-in or a web application. Leveraging a combination of proprietary, pre-trained AI developed over seven years and Large Language Models (LLMs), Legartis ensures high accuracy, consistently achieving over 90% precision in its analyses.

The tool significantly boosts productivity by accelerating the contract review process by over 85% through highly customizable automation features like Legartis Prompts. Beyond review, Legartis facilitates the extraction of relevant data from active contracts, providing actionable insights into key performance indicators. It comes equipped with over 160 pre-trained clauses, enabling immediate analysis of various contract types, whether dealing with single documents or thousands. All contract data is processed securely on GDPR-compliant servers located in Switzerland, and an Open API allows for seamless integration with existing Contract Lifecycle Management (CLM) systems.

Ivo

Pricing

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Legartis

Pricing

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Ivo

Features

AI-Powered Review: Automated contract analysis with redline suggestions
Microsoft Word Integration: Native add-in functionality for seamless workflow
Customizable Requirements: Adapts to company-specific legal guidelines
Issue Tracking: Generates dynamic issues lists and summaries
Multi-Format Support: Compatible with Microsoft Word, Google Docs, and PDF
Security Compliance: Enterprise-grade security certifications

Legartis

Features

AI Contract Review: Accelerates contract review using pre-trained AI and LLMs.
AI Legal Analytics: Extracts relevant data and provides insights from active contracts.
Multi-language Support: Operates in German, English, and French.
High Accuracy: Achieves over 90% accuracy through multi-stage quality assurance.
Platform Integration: Available as a Word add-in and web app.
Customizable Automation: Uses Legartis Prompts for tailored automation levels.
Pre-trained Clauses: Comes with 160+ pre-trained clauses for immediate analysis.
Open API: Allows integration with CLM systems for data synchronization.
GDPR Compliant: Processes data on servers in Switzerland.

Ivo

Use cases

Legal document review and analysis
Contract compliance checking
Internal stakeholder communication
Legal workflow optimization
Contract risk assessment
Legal requirement verification

Legartis

Use cases

Automating routine contract reviews for legal teams.
Accelerating sales contract processing and ensuring compliance.
Improving efficiency in procurement contract analysis.
Performing large-scale analysis of active contracts for risk assessment.
Reviewing specific contract types like DPAs and NDAs quickly.
Extracting key metadata from contracts for CLM systems.

Ivo

FAQs

What efficiency gains can be expected from using Ivo?

According to customer testimonials, users have reported up to 75% efficiency gains, with an average saving of 45 minutes per contract review.

What file formats does Ivo support?

Ivo supports Microsoft Word (as a native add-in), Google Docs, and PDF documents.

Legartis

FAQs

What does automated contract review mean?

Automated contract review means that certain contract review processes are automated. This includes pointing out faulty, missing or incomplete clauses with the help of AI. Certain work steps are carried out manually by the reviewer, others are taken over by AI.

How does Legartis’ AI work?

Our team of legal experts trains Legartis’ AI on different clause types and legal concepts. It therefore arrives pre-trained and able to analyse your contracts from day one of use.

What languages does Legartis’ AI speak?

Legartis understands and performs at a high level in these languages: German, English and French. Other languages can be trained on demand.

How accurate is Legartis' AI?

Our legal engineering team works with test sets and only releases checkpoints when the AI achieves an accuracy of over 90%. For you, this means that with Legartis AI you receive very high and consistent AI quality from day 1.

Can Legartis be integrated with other tools (e.g. CLM)?

Legartis is designed with an open API. This means that integration into other systems is possible without any problems.