Lease Abstraction

Extract key terms / clauses from a large number of lease documents in a short time

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Leading data solutions provider. Offering cutting edge platforms, products and software solutions to some of the leading Fortune 2k companies.

Leading data solutions provider. Offering cutting edge platforms, products and software solutions to some of the leading Fortune 2k companies.

Challenge

Lease abstractions can take anywhere from 4 to 12 hours per lease.

Lease abstractions can take anywhere from 4 to 12 hours per lease.

Abstracting information from leases in different formats, layouts and different legal languages.

Abstracting information from leases in different formats, layouts and different legal languages.

The traditional solution of outsourcing these documents to an army of lease abstractors is both cost and time intensive.

The traditional solution of outsourcing these documents to an army of lease abstractors is both cost and time intensive.

 It takes a lot of time and energy to properly interpret, organize and extract every necessary data point from each lease.

It takes a lot of time and energy to properly interpret, organize and extract every necessary data point from each lease.

Botminds Solution

Botminds AI, automatically identifies and extracts all data.

Botminds AI, automatically identifies and extracts all data.

Obtain 1000+ key data points from your lease documents and summarize them instantaneously.

Obtain 1000+ key data points from your lease documents and summarize them instantaneously.

Quickly highlight risk clauses and score them based on the custom risk severity for your business.

Quickly highlight risk clauses and score them based on the custom risk severity for your business.

Results

10x
Benefits from 1st Day

With pre-trained skills within hours we started providing abstracted information for initial documents.

90%
Time Saved

Within days team able to capture the specific knowledge as custom skills to extract finer information.

95%+
Accuracy

After 10 days of training using 1000 documents we achieved all quality metrics defined before starting.

60%
Cost Saving

Remaining 39k+ documents processed with skills with small reviewer team doing QC.

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