, Australia
1 view

LeaseInfo launches digital lease management platform Accurait

The new software will also be launched internationally by 2019.

Retail leasing data provider LeaseInfo has launched Accurait, an advanced digital lease extraction platform aimed to “revolutionise the management” of leasing contracts.

The cloud-based software utilises optical character recognition, artificial intelligence and machine learning methods for commercial lease abstraction, saving time in a document-intensive commercial lease management environment at up to 30 minutes a lease.

Developed in partnership with CSIRO’s Data61, the software will have key features such as a clause locator and highlighter for locating key text within leases and contracts, Lease verification, due diligence and exception reporting and identification and comparison of clauses across a portfolio of leases.

"It will redefine the way businesses manage leases and in fact can have application for any form of standardized contract. For head offices of franchised businesses and companies managing large portfolios, the savings in time and productivity are significant," LeaseInfo founder and Accurait creator Simon Fonteyn said.

The platform works by reading lease contracts and scanned data, and stores key information in a database. This allows tagging and linking of information across different documents, which can then be exported to asset management software.

While anticipating that its initial market is in Australia, LeaseInfo also has plans to launch internationally by 2019.

“In Australia alone, there would be easily over one million commercial leases transacted annually, including equipment and vehicles,” Simon Fonteyn, founder and managing director of LeaseInfo and Accurait, said.

“Manual lease abstraction is not only laborious, it can also be expensive and error-prone. Accurait presents an automated solution using highly advanced contract reading technology and not only saves both time and money, it reduces the risk of error. The impact will be significant for the retail sector, with 95 per cent of Australian retailers operating out of leased premises,” he added.
 

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get QSR Media | QSR news for Australia's quick service restaurant industry. in your inbox
From helping restaurants bust queues to increasing kitchen efficiency and improving order accuracy, self-service kiosks are fast getting a bigger share of the QSR pie. Fueled by widespread adoption by restaurants following the COVID-19 pandemic, the global kiosk market is expected to reach USD 2.4 billion in 2027, an important breakthrough after years of moderate takeup.
“The Great Bucket Hunt” can be accessed through the chain’s app.
He will be succeeded by national marketing manager Julian Casa.
Discover the latest developments in the field by joining our upcoming conference.
Digitalisation has long been a buzz word amongst businesses across all industries, but those in the quick service restaurant (QSR) sector have been relatively slow to embrace it.
The range features Simplot’s plant-based proteins and Herman Brot’s low-carb and vegan buns.
The chain is also opening a store in WA.
The acquisition is expected to close in the first half of FY 2022.
Find out how QSR owners can access readily available funds in less than five minutes.
The item was made in partnership with Masterchef Australia contestant Brendan Pang.
Don’t miss the discussion by joining the event on 18 October.