smartextract and on-geo launch exclusive collaboration on land register data extraction

dida's AI-supported document processing product called smartextract and the company on-geo GmbH are officially announcing their exclusive partnership in the field of land register data extraction for the financial and real estate industries.

On-geo is the market leader in software-supported market and mortgage lending valuations as well as a solution provider for experts, appraisers and service providers in the real estate industry.

By integrating the AI solution smartextract into existing software products such as on-geo's LORA, the company enables fast and digital extraction of land register data for banks, savings banks, financial brokers, appraisers, real estate agents and insurers.

Among other things, this replaces the manual transfer of land register information to the valuation software, meaning that AI significantly reduces the amount of work required by users and increases data quality. In addition, the use of smartextract significantly optimizes the digitization of land register content already offered via the geoport web store, so that data can be provided much faster than before. This also applies to the on-geo service for processing entire portfolios. The option of integrating smartextract into third-party systems will also be included in the scope of services in future. This will make the entire real estate valuation process more efficient and economical.

Matthias Knabe, Managing Director at on-geo, says:

With the integration of smartextract into our software solutions, we are taking a further step in the digital transformation of the real estate and finance industry. Through our collaboration with smartextract, we can now offer our customers an even more efficient solution for land register data extraction and actively shape the future of the real estate industry.

Axel Besinger, VP Product & Growth at smartextract, comments the collaboration as follows:

We are united with on-geo by the conviction that AI technology not only accelerates workflows, but can also set new efficiency standards. The partnership is a logical and consistent step towards sustainably supporting the digitalization of the real estate and finance industry with intelligent document processes.

About smartextract
smartextract is a brand of dida - one of Germany's leading AI and Machine Learning agencies. smartextract offers specialized AI solutions for automated document processing and enables the extraction, classification and comparison of data from business documents and emails - flexibly as an API or as white label solution for platform providers and software manufacturers.

More information at: smartextract.ai

About on-geo
80,000 customers, 1.6 million valuations, 1.9 million data and document retrievals and 250,000 property viewings per year. These are the statistics from on-geo. The Erfurt-based company develops software solutions for greater transparency and efficiency in real estate valuation. These include the digital construction financing tool baufi.me, LORA - the market-leading process solution for determining mortgage lending values and accumate, an AI-based automated valuation model. The portfolio is complemented by the research data store geoport.

More information at: on-geo.de

Press contact
on-geo GmbH
Andy Dietrich
andy@strategiekollegen.de
Mobil: 0170 2283299