The new alteration of unstructured data into business insights can improve the businesses through innovation and utilization of the power of AI to achieve operational efficiencies that is apt for the ethos.
FREMONT, CA: MRI Software, a global leader in real estate software solutions, has recently announced taking up LEVERTON. LEVERTON is a leading AI-powered data extraction solution for real estate and corporate documents. The fulfillment supports the broad and flexible offerings of MRI and allows property owners, service providers, and corporate occupiers greater access to the leading automated lease abstraction application of LEVERTON. Organizations will be able to instantly and efficiently turn the unstructured information in leases and other corporate and legal documents into data sets with LEVERTON.
“We are focusing on the full ecosystem and providing powerful, modern, intuitive tools that empower an entire organization and not just one group. That is how we are able to increase collaboration, transparency, and facilitate more informed decision making for all stakeholders in an organization,” said Brian Zrimsek, Industry Principal of MRI Software.
AI-based deep learning algorithms to interpret and capture thousands of data points from multiple sources nearly up to 25 languages with the help of proprietary optical character recognition technology. LEVERTON creates searchable, structured data sets that offer a clear and accurate image of a business’ real estate assets. The AI engine based on the cloud, places real estate owners, operators, and occupiers to optimize their handling of contracts, run operational teams efficiently, and process transactions faster. Besides, it enables them to manage revenue and expense streams across property portfolios effectively.
LEVERTON uses AI to successfully tackle the problem of virtual as well as real, filing cabinets full of leases and other priority documents trapped as unstructured and unsearchable data. The LEVERTON AI engine discovers to spot key data points as it scans the contracts and documents related. The AI can acquire variables such as consideration of utilities, property tax, and common area costs such as general maintenance and security to adjust as applies new learnings.
MRI Software was recognized as one of the Top 10 Budgeting and Forecasting Solution Providers of 2016 by CFO Tech Outlook. It is a leading provider of innovative real estate software applications and hosted solutions. With the help of leading solutions and a vibrant partner ecosystem, MRI gives enterprises the liberty to modify the way communities live, work, and play along with elevating their business and gaining a competitive edge.
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