In this video, we look at the lease abstraction use case or the process of summarising commercial leases as part of property management workflows - and show how Nanonets can help automate that 💪!
Here are some of the common challenges faced by real estate advisory firms or property management companies from the time they receive a signed lease till they create or update an entry in their ERP:
❗ Signed leases come in routinely via email in large numbers and must be downloaded/added manually into a central folder or repository
❗ Leases are complex multi-page legal documents - and it's a pain to comb through a lease manually to capture lease details such as tenant name, square footage, base rent, lease term, renewal clause etc.
❗ Feeding the extracted lease data into property management ERPs such as Yardi, MRI or Buildium or CRMs such as Salesforce require that the extracted lease data first be transformed into a convenient format - this is a huge time sink!
So how do we fix these challenges? Check out the video below to learn how Nanonets can:
✅ Ingest or collect all incoming leases via email or a hot folder (Drive, Dropbox etc.)
✅ Capture key data points from these multi-page lease documents accurately
✅ Feed the captured data into an ERP of your choice to create or update relevant entries
Do you know any other commercial real estate processes or workflows that are a pain to do right now and can benefit from such automated workflows? Do drop a comment below so that we can address that in the coming week or resolve it asap.
Have questions about the particular workflow demoed in the video below? Want to check it out for yourself? Talk to us in the comments below.
Do you have similar CRE use cases that you'd like to automate? We can also automate similar workflows involving real estate comps or market surveys for example. Do you want to set up a similar lease abstraction workflow for your leases?
Let's talk - bit.ly/3xeNIgQ
Learn more here - nanonets.com/b...
3 окт 2024
