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What is Klara?

Klara functions as an intelligent agent for contract evaluation and compliance at Kanerika, adeptly retrieving contracts and documents from your existing document management systems, such as SharePoint, while ensuring that any personally identifiable information is appropriately masked before conducting a thorough analysis. It carefully assesses each contract clause against your organization’s guidelines, pinpointing any discrepancies in essential terms like indemnity, termination, audit rights, and data ownership, while also providing a confidence score for each identified issue. In addition, Klara creates redline language that is consistent with your playbook for any clauses that require attention, which are then subject to review by a human for final validation. Moreover, all findings, decisions, and exceptions are meticulously documented to establish a comprehensive audit trail, and the judgments made by reviewers are fed back into the system, thereby improving the precision and effectiveness of subsequent contract assessments. This ongoing feedback mechanism not only enhances the overall review process but also ensures that compliance is upheld and that your organization’s standards are consistently met, resulting in a more reliable and efficient workflow. Ultimately, Klara represents a significant advancement in the way organizations manage their contractual obligations and compliance efforts.

What is Ivo?

Optimize your contract negotiation process by minimizing time, effort, and costs involved. Experience unparalleled efficiency with cutting-edge AI-driven contract review software. Leverage the Ivo checklist to assess agreements tailored to your specific requirements, seamlessly integrating AI-generated comments and redlines directly into your Microsoft Word documents. Ivo is built to align with the unique legal language and procedures of your organization, offering personalized reviews that cater to your needs. Uncover potential contract issues, generate issue lists, summarize key findings, and pinpoint any undefined terms that may be overlooked. Operating as an add-in for Microsoft Word, Ivo also supports Google Docs and PDF formats. Boost your productivity with intelligent redline suggestions and manage risks effectively by creating dynamic, customizable issue lists at the click of a button. Ivo places a high priority on the security and confidentiality of your contracts, reinforcing this commitment through the attainment of prestigious security certifications recognized throughout the industry. With Ivo integrated into your workflow, you can concentrate on strategic initiatives while it expertly manages the complexities of contract oversight. This innovative tool not only enhances efficiency but also empowers teams to work more collaboratively and effectively on contract-related tasks.

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Integrations Supported

Integrations Supported

Adobe PDF Services API
Azure OpenAI Service
Google Docs
Microsoft Azure
Microsoft Word

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

Kanerika

Date Founded

2015

Company Location

United States

Company Website

kanerika.com

Company Facts

Organization Name

Ivo.ai

Company Location

United States

Company Website

www.ivo.ai/

Categories and Features

AI Contract Review

Not specified

Contract Analysis

Not specified

Categories and Features

AI Contract Review

Not specified

AI Legal

Not specified

Contract Analysis

Not specified

Legal

Not specified

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