Lease Abstraction

Extract lease meta info, clauses, rent details, term details from lease documents.

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Overview

This is a one-stop AI enabled document solution for lease centric processes. With this you can build client specific lease processes within days using Botminds IDP and IPA components. Get the consolidated structured summary to trail the change in the clauses /terms/ critical information in subsequent amendments.

Lease Abstractor

Lease Abstractor
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Output

Landlord

CLEVER INDUSTRIES, LLC

Tenant

BAYVIEW INCORPORATED

Commencement Date

17th day of April, 2008

Duration of the Agreement

Five (5) Lease Years

Area Covered

20,000

Lease Months

1-8

Annual Rent

$95,000

Monthly Rent

$ 7,196.67

Demised Property Address Line-1

Broad Oak Building III

Demised Property Address Line-2

2 Thermo Fisher Way

City

Oakwood

State

Ohio

Result

80%
improved TAT

From sourcing, document workflow, data extraction and data integration - this solution has reduced the TAT considerably.

99%
accuracy with HITL

With process SME's spending only on the AI review, the best possible accuracy is achieved.

60%
cost savings

One solution that works for all your client needs has helped in bringing the manpower spent on customization to a miniscule.

8X
improved efficiency

With the repetitive tasks and data extraction getting automated, SME's / process efficiency has been improved.

Challenges

Complex and varied document formats.

With SME-intrinsic process quality is at stake.

Not scalable, with client specific lease processes.

Need to integrate with client's downstream system.

Data is varied formats and patterns needs to be structured, before feeding it to the system.

Benefits

One-stop AI solution for all your lease abstraction processes.

Customized document workflows in mins for your client specific needs.

Get a working AI pipeline within a week.

SME effort restricted to AI output review.

Continual learning to the system with each AI review.

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