Gain valuable insights from fast lease abstraction
By using lease abstraction software with powerful AI, you can transform the way you extract important data from leases. Not only will it take minutes rather than hours, but you will eliminate manual errors and empower your teams to make quick strategic decisions.
Why waste the time of your skilled staff manually chasing data? Instead focus on the opportunities and insights you will gain from the comprehensive and accurate data that comes from fast lease abstraction.
Ready to abstract data faster using AI?
One client reduced time spent abstracting and validating data by 90%.
Features of automated lease abstraction
Efficient lease abstraction
Using a proprietary Optical Character Recognition (OCR) engine, documents are reviewed and converted to machine-readable text and stored in a centralized repository.
Contract analytics
Access and analyze data in index, map, table, or create dashboards and reports to derive tailored insights for the unique needs of your team.
Complete audit trail
Each extracted data point is linked to source information, providing a full audit trail that paper-based processes and spreadsheets simply can’t offer.
Data quality & integration
Integrate directly with MRI Commercial Management, ProLease, and Horizon, ensuring data integrity and accuracy with one source of truth across your entire portfolio.
Advantages of AI lease abstraction
- Go beyond data extraction with contract analytics capabilities to learn more from your data.
- Ensure data accuracy and reliability to stay compliant with lease accounting standards such as IFRS 16 and ASC 842.
- Eliminate error-prone manual aggregation, reduce accounting mistakes and help identify data discrepancies.
- Empower your skilled staff to gain meaningful insights from data instead of spending time searching for information.
- Make strategic decisions about portfolio performance and manage tenant leases effectively with easy access to data.
- Optimize your portfolio and reduce risk by making decisions based on reliable information.
- Identify opportunities for cost savings and increased earnings that would otherwise go unnoticed.
- A complete audit trail enables full access to extracted data in source documents with one click, even from a spreadsheet.
AI-powered lease abstraction software for every setting
Real Estate
From commercial to residential to mixed-use portfolios, you can abstract real estate leases in minutes and store your structured data centrally.
Retail
Manage your commercial and asset leases with confidence by extracting clauses and other data points with ease.
Telecommunications
Run comprehensive lease audits on telecom contracts, infrastructure and asset leases and expose missing documents, expired leases and more.
Automotive
Become an automotive visionary and kickstart your digital transformation journey by gaining complete visibility into your asset and commercial leases.
Financial Services
Artificial intelligence can provide fast and accurate due diligence for lease accounting standards and ensure you can manage loan agreements and real estate leases effectively.
Law & Legal
Provide the due diligence your communities deserve and deep dive into your loan agreements, real estate leases, NDAs and more.
Aviation
Machine learning can keep you one step ahead of your commercial real estate leases by leveraging high volumes of data to drive strategic and operational efficiencies.
Our Clients
Key Facts
200+
Real estate, accounting, consulting, and Fortune 1000 corporations trust our AI technology
500K
Documents Extracted
4K
Users using Contract Intelligence to gain insights from data
25+
Languages supported, including Chinese, Japanese, Korean, and Russian
MRI Contract Intelligence – Uncover insights in your leases with an AI-powered lease abstraction tool
AI-powered lease abstraction solutions can extract and validate critical data on key dates and payments faster and more accurately than traditional manual processes. Lease abstractors are shifting over to automated solutions in order to leverage accurate data from a centralized repository.
Lease Abstraction FAQs
What is a lease abstract and can software generate one?
A lease abstract is a shorter summary document of a lease that defines the key terms of a contract in an easy-to-read, standardized format that works well within a database. Yes, lease abstraction software (like that from MRI Software) can extract and validate critical lease data on critical dates and payments quicker and more accurately than traditional manual lease analysis.
Is there an AI tool that scans PDF leases and pulls out the key data points (rent, term, dates) automatically?
The MRI Software lease abstraction software is an AI-powered tool that uses Optical Character Recognition (OCR) to scan PDF lease documents and pull out key data such as rent amounts, lease term, and critical dates. You can then access and analyze data in an index, map, table, or create dashboards and reports to uncover tailored insights for the specific needs of your team.
How can I extract lease terms from 200 PDFs for audit preparation?
The MRI Software lease abstract software is an AI-powered solution that uses Optical Character Recognition (OCR) to scan all your PDF lease documents and pull out key lease data. Each extracted data point is linked to source information, providing a full audit trail – resulting in lease audit preparation that spreadsheets and paper-based processes can’t offer.