Lease Abstraction - Gain valuable insights from fast lease abstraction

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%.

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Lease Abstraction
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Features

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

  • 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

We use MRI Contract Intelligence to keep track of all lease data and to push it to ProLease Enterprise which we use for IFRS16 purposes. Contract Intelligence is used by the team managing the leases to ensure that all documents are collected in one easy to access place and can pull reporting from Contract Intelligence directly. Access to the original source of the truth was key to selecting MRI as the chosen solution.
Azets
Our finance team employs MRI Contract Intelligence to upload lease data into MRI ProLease Enterprise for IFRS 16 reporting. The property teams have recognized the benefits of utilizing Contract Intelligence as a lease database, and we are currently in the process of integrating these teams to use it as our primary source for lease agreements. By using Contract Intelligence, MTN is enhancing its control over IFRS 16 reporting.
MTN South Africa |
We use MRI Contract Intelligence to audit our Property Central database, ensuring that all rent amounts are charged correctly. We also utilize the Contract Intelligence to Property Central comparison report to verify monthly rent amounts, keeping all leases in a continuously audited state. This process is used for both internal and external audits and was part of a larger revenue assurance project implemented by the CFO.
Redefine |
We have successfully implemented MRI Contract Intelligence and use the API to extract and analyze data, providing KPIs to the board and other stakeholders. This enables us to better track lease dates to ensure break and renewal options are not missed. Additionally, it allows us to monitor metrics for each office location to ensure optimal utilization.
Munich RE |

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

Let's Connect

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