Technology has disrupted and revolutionized the commercial real estate industry significantly. Artificial intelligence-driven tools for lease abstraction services can simplify processes, analyze data quickly, and provide real-time insights. This advantage has enabled companies to make smarter decisions, drive cost savings, and increase efficiency.
Property lease management is one key area where AI is helping companies immensely. Companies that manage commercial real estate portfolios handle enormous volumes of documents daily. Though most routine workflows involve manual efforts, automated tools, and platforms can significantly reduce these time-consuming processes.
So where exactly does automation fit into the process of managing leases?
In this blog, we shall explore the topic in detail.
In what ways does automation help with lease abstraction services?
Automation helps streamline the process of managing leases throughout their lifecycle. From lease setup to lease renewal, automation can help eliminate errors, streamline processes, and abstract every crucial data.
Automated lease abstraction services can reduce the time and cost of lease administration, allowing real estate companies to focus on more strategic tasks while ensuring compliance.
Introducing LeaseCatalyst – An easy-to-use platform
Imagine you own a renowned real estate company with a continuous flow of new clients and profits. And your clients are top players juggling and managing numerous commercial properties.
Here, your primary task will be handling thousands of leases for them. You must have assembled an experienced team of professionals to review and analyze leases, perform lease abstraction services, and manage the project workflow.
The real challenge would be validating hundreds of pages of documents and delivering the output on time. And you would not want your professionals to spend all their time reviewing documents.
You can simplify the challenges in reviewing lease documents with a powerful platform like LeaseCatalyst.
LeaseCatalyst is an automated application designed to help investors, landlords, and real estate businesses. It is an intuitive and powerful platform enabling you to manage commercial leases easily. It simplifies the abstraction of complex lease terms and makes the entire leasing process more efficient and transparent.
How does LeaseCatalyst work?
The age of automation will be the age of “do it yourself”.Marshall McLuhan
Here’s what is fascinating about LeaseCatalyst.
LeaseCatalyst is one of the easiest platforms to use that you will come across. In other words, the application can operate without expert assistance or a user guide. With a user-friendly interface, LeaseCatalyst can be the ideal choice for your team.
With LeaseCatalyst lease abstraction services, you can quickly access all relevant lease details as structured summaries. The benefit is you need not search for information by reading through the entire agreement. An intuitive dashboard provides you with access to all the information you need.
LeaseCatalyst gets you all the key terms based on the preset lease abstract checklist in the platform. You can also modify the list of datasets and lease abstract templates independently upon request.
LeaseCatalyst is SIMPLE, FAST, and ACCURATE.
By signing up, anyone can start using the platform. You will receive an email containing a password setting link. After setting the password, you can access the application directly to get all your lease documents abstracted.
The process begins with adding properties, then tenants.
You can drag or drop or upload documents under each tenant.
Within minutes, you can download your summary or lease abstract in any desired format with 99.5% accuracy. You can also skip downloading abstracts from applications by sending abstracts to your registered email address.
Simple. Isn’t it?
How can LeaseCatalyst help you?
You can have data without information, but you cannot have information without data.Daniel Keys Moran
Suppose you are a commercial property owner wanting to update or check specific details in your tenant leases. It would be impossible to get the expected data from the document quickly. The entire trial process can be made more simple with LeaseCatalyst. With the click of a button, users can export a complete abstract from the platform as Excel, PDF, etc., with crucial data automatically extracted from lease documents.
Gone are the days of manually searching, copying, and pasting information from large documents into summaries. With an automated platform like LeaseCatalyst, you can log into the platform anytime and get abstracted data promptly and efficiently.
Overall the benefits you receive from an automated lease abstraction platform are as follows:
- Less manual intervention
- High accuracy
- Quick turnaround
- Streamlined lease management
- High-quality abstracts
With the help of artificial intelligence combined with other advanced technologies, LeaseCatalyst extracts the essential data points from lease documents. It helps you analyze the crucial lease data and gives you actionable insights from the legal, property, and financial details abstracted from the documents uploaded.
Thus, LeaseCatalyst makes lease abstraction services a breeze for real estate businesses.
Additionally, LeaseCatalyst provides an intuitive dashboard to efficiently manage the entire portfolio of leases categorized by tenants’ names. Even though the abstractor platform appears simple and user-friendly at the front end, the AI engine drives the flow on the back end.
LeaseCatalyst uses powerful AI data-matching techniques for abstraction and deep learning models for data categorization. We have fed a large corpus of data from existing documents for the application to understand your uploaded document in depth.
Ready to try it? Free trial available
LeaseCatalyst – A simple to use but powerful lease abstractor
Discover how LeaseCatalyst can help your organization save time and improve accuracy, grow revenue, and streamline decision-making. Click the link to try out our automated lease abstraction platform. You can start using our free trial right away.
For more details on our commercial lease abstraction services, click here.