Case Study: SharkNinja reduces contract review time with Ivo

SharkNinja cuts contract review time by 67% with Ivo

SharkNinja, a global leader in small household appliances, faced a significant challenge as its legal team needed to manage approximately 7,000 contracts annually to support the company's rapid growth. The volume and complexity of agreements, including those in foreign languages, created bottlenecks, slowing down the business and increasing reliance on costly outside counsel. To address this, SharkNinja turned to the vendor Ivo for its AI contract review solution.

By implementing Ivo's AI tool as a simple Word plugin, SharkNinja's legal team achieved dramatic results without disrupting existing workflows. The solution from Ivo reduced the time to provide internal feedback by 67% and cut the review time for foreign-language contracts by 75%. This led to a significant reduction in work sent to outside counsel, compressing the entire contracting timeline and enabling the team to keep pace with the business's innovation speed.

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