Lease Abstraction

Gain valuable insights from fast lease abstraction

Manual contract and lease management processes restrict you from making fast, data-driven decisions with confidence. But with lease abstraction software, you can lead your business into an AI-powered future and empower decision-makers with accurate, reliable data. Be the data superhero your business deserves and start making fast, business-critical decisions with complete confidence using revolutionary AI software.

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

AI-powered data extraction

Onboard new lease information, including critical terms and information, directly into your core management systems.

Structured data stored centrally

Create accurate and reliable data repositories for forecasting and reporting and leverage one-click search functionality.

Complete audit trail to source information

Scan your documents for critical information in minutes and trace information and data back to the source contract.

Advanced and predictive contract analytics

Create custom reports and leverage predictive contract analytics capabilities to gain useful portfolio insights.

Lease Abstraction

Advantages

  • Eliminate error-prone, manual aggregation using Optical Character Recognition technology.

  • Trust your lease data by creating accurate and transparent data repositories.

  • Make fast, confident decisions based on real-time insights with intuitive AI capabilities.

  • Enhance your user experiences by utilising AI functionality within your core MRI systems.

  • Ensure the integrity and accuracy of your data with unique audit trail capabilities.

  • Have peace of mind by ensuring your organisation is compliant with lease accounting standards.

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.

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Retail

Manage your commercial and asset leases with confidence by extracting clauses and other data points with ease.

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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

Lease Abstraction - MRI Property Management – Become a digital-first visionary

MRI Property Management – Become a digital-first visionary

To win in today’s competitive real estate market, you need a modern platform that provides your team with the right tools and helps them deliver great service. That platform is already here, and you can join thousands of brands using it right now to achieve their vision of growth.

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Stay Updated

Ebook

AI-powered software for lease abstraction – a Buyer’s Guide

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On-Demand Webinar

Learn how artificial intelligence can improve your lease abstraction

On-Demand Webinar
Blog | September 27, 2019

How AI is improving the lease abstraction process

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Blog | June 23, 2020

Automate leasing and lease abstraction with CRE tech

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