Optimize Third-Party Lease Abstraction Teams in an Efficient Way  

“What would have previously taken 20 hours, and resulted in a 20-30 page lease abstract, now takes 1.5 hours to produce an abstract we’re confident sharing with clients. That’s less than 1/10th the time, and more than 90% savings.”

“Our partnership with DealSumm will increase efficiency at Avison Young and allow us to serve our clients with improved accuracy and speed.”

“With our focus on proactive property management, we needed a tool that would provide a simple way to search and understand our contract data. With quick access to our portfolio in our European countries we can move more efficiently, reduce decision-making time and make decisions based on accurate data. Being an international property investment company it was important for us to leverage one solution for every country we do business in, DealSumm provided a platform that allows us to have one single source of truth.”

“The biggest problem today in the CRE industry is the inability of organizations to access their complex unstructured data in one source of truth. DealSumm improved our lease abstraction process during the due diligence period, and by so doing, it has improved the entire onboarding process and operations of new acquisitions. With Dealsumm’s ability to integrate with third-party ERP services Faropoint can then, in turn, help organizations manage their data on a completely new level.”

“This partnership with DealSumm will enable us to provide our clients with a more streamlined and efficient occupier end to end service.”

“DealSumm saves a lot of time in our organization. The AI does the heavy lifting, and then our staff only needs to verify. The platform is more efficient for the volume of documents, which would otherwise require skilled legal pros and hundreds of thousands of dollars. In tandem with our ERP, DealSumm enables us to have better record-keeping and highly-actionable intelligence.”

“DealSumm allows us to find critical lease information quickly & efficiently without having to search through physical or scanned leases.”

“Our property managers used to spend hours pulling leases to check provisions – now, DealSumm instantly puts this information at our fingertips. Abstracts are continuously updated with the most recent addenda and amendments, so we always have a real-time understanding of our relationships with tenants.”

“Dealsumm has considerably reduced the time that it takes to find lease information, particularly in older documents, and enabled other users to access information that they need without needing to request it from the legal department.”

“When COVID hit, a national retailer client of ours wanted to look at all their leases for force majeure provisions. We suggested DealSumm, but they chose to abstract the provisions manually. We utilized a team of 15 people to go through these provisions at a significant expense. If they had used DealSumm, it would have saved them six figures and substantial time.”

“I was emailing with a colleague who was simply trying to get original documents off the ERP – the accounting system. He was working on a deal and wanted to send some leases as part of due diligence. It was painstaking in ERP needing to repeatedly ‘click and download.’ With DealSumm, if there are 18 documents associated with one file, you can easily dump it into a zip file. You only have to click on 1 thing, rather than 18.”

“DealSumm provides a platform that enables us to have one single source of truth and align lease data with our other systems of record.”

“DealSumm’s technology saves a lot of hours in the day to focus on other things. We drag-and-drop, and abstraction and indexing is done automatically. It saves hours each week, and makes it simple to search provisions, especially restriction clauses for each tenant. We also appreciate the excellent response time – typically 24 hours or less.”