Understanding Intelligent Document Automation For Real Estate

Understanding Intelligent Document Automation For Real Estate

Understanding Intelligent Document Automation For Real Estate

How AI Document Automation Aims To Help Decision-Making

When you use AI to collect data from documents and input it into financial models, you can get more timely, accurate insights so you can focus on making great business decisions.

The right intelligent document processor (IDP) can help feed more data into your desired end systems with little to no manual intervention. You can fully extract plenty of data points or utilize the AI’s deep understanding and previous experiences with your document types to equip your company to make profitable deals and financial decisions.

Furthermore, when you compile accurate data from your diverse real estate portfolio, you can find actionable insights regarding your properties’ performance, management and overall profitability.

Intelligent document automation is designed to handle complex, repetitive tasks such as:

  • Analyzing documents such as letters of intent for price, cap rates, deposits and other critical data for offer scenarios
  • Manually feeding data into your CRM to track who is going after which deals at what price in specific markets
  • Analyzing utilities, staffing, payroll and more for an upcoming deal
  • Managing due dates, tax reports and service agreements for due diligence
  • Automatically feeding data into customizable reports for smarter management

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