Lindt & Sprungli, a global leader in the premium chocolate sector, has signed on with Ivo for AI-powered contract review. Like many companies around the world, Lindt & Sprungli has a small procurement team tasked with reviewing hundreds of contracts per year. They wanted to explore AI to streamline the contract review process and make it easier.

Like many industries, procurement has been looking to use technology to automate manual tasks and save its labor investments for more strategic business work. Research shows that procurement teams are shrinking while their workloads are increasing thanks to tariffs, inflation, and supplier uncertainty. Making manual contract work simpler and faster takes a lot of pressure off of increasingly small procurement organizations. 

Lindt & Sprungli joins the growing number of companies using Ivo to streamline and simplify their contract review processes. Companies report time savings of 75% when using Ivo for contract review. Customers also appreciate the surgical redlines and lawyer-like precision of Ivo’s redlines. Ivo uses legal playbooks customized for each customer to establish standard positions and processes, meaning that not only are the contracts reviewed incredibly accurate but also consistent, a particular benefit for a global company like Lindt & Sprungli.

“We’re delighted to partner with Lindt & Sprungli as they re-imagine their content workflows to be more streamlined and efficient,” said Min-Kyu Jung, Ivo’s co-founder and CEO. “Procurement teams have to deal with dozens of contracts every year, and making the review process fast, accurate, and easy to manage is a great way to free up the team to do more strategic work for the business.”

Want to see how impressive AI-powered contract review can be? Schedule a demo today and see what Ivo could do for your company.