How AI is Transforming Document Reviews

How AI is Transforming Document Reviews

Analysing commercial lease agreements is a notoriously time-consuming and tedious process. With lengthy documents often exceeding 50 pages and filled with complex legalese, manually reviewing leases puts a major strain on resources for organisations like Pubs Advisory Service. As the leading advisory firm for pubs in the UK, they needed a more efficient way to extract key information from lease agreements to better serve their clients.

The Challenge of Manual Lease Reviews

Traditionally, reviewing a commercial lease required manually scanning the document, using OCR to transcribe the text, and then painstakingly searching for key information. This process was prone to human error, often failed to accurately transcribe handwritten notes, and required piecing together information scattered throughout the lengthy document.

Pubs Advisory Service knew they needed a smarter approach. That’s where OpenKit came in, developing a cutting-edge AI solution to automate and streamline lease agreement analysis.

Harnessing AI for Smarter Lease Analysis

Our team at OpenKit leveraged the power of large language models and advanced AI techniques to create a tool that could efficiently analyse lease agreements and extract vital information with a high degree of accuracy. The AI-powered system is able to understand natural language queries, allowing users to simply ask questions about the lease and receive clear answers backed by citations from the document.

Some key features of the AI lease analysis tool:

• Handles large volumes of lengthy documents with ease
• Accurately extracts key data points like clauses, obligations and rights
• Provides highly scalable and cost-effective analysis
• Integrates seamlessly with existing workflows via email and Google Sheets
• Includes failsafe measures for reliable performance under heavy use

By automating the most tedious and time-consuming aspects of lease reviews, the AI tool frees up Pubs Advisory Service to focus on higher-level advisory tasks to support their clients.

Results for Pubs Advisory Service

The impact of implementing AI lease agreement analysis has been transformative for Pubs Advisory Service. Compared to manual methods and other lease analysis solutions on the market, OpenKit’s AI tool provided dramatic improvements in speed, accuracy and cost-efficiency.

Key results include:

• Significant time savings by eliminating manual lease reviews
• Improved accuracy and consistency in extracting lease information
• Ability to handle high volumes of leases to support business growth
• Seamless integration with existing processes and systems
• Highly scalable solution to serve a growing client base

By harnessing the power of AI, Pubs Advisory Service has elevated their lease agreement analysis capabilities, enabling them to provide unparalleled service to pubs across the UK. The successful project has opened the door to ongoing collaboration between Pubs Advisory Service and OpenKit to further enhance business operations with cutting-edge AI solutions.

Read the Full Story

To learn more about this project’s journey, from design, refinement to successful deployment, read our comprehensive case study.

Unlock the Benefits of AI for Your Business

The Pubs Advisory Service case study showcases the immense potential for AI to transform tedious manual processes and drive business efficiency.

Regardless of your industry, chances are there are opportunities to leverage AI and machine learning to streamline operations, reduce costs and improve service quality. If you’re looking to harness the power of artificial intelligence to solve complex challenges and accelerate growth, our team is here to help.

Contact us today to discuss your AI project ideas and see how we can help your business achieve transformative results.

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