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Information extraction from rental contracts

Use Case

Information extraction from rental contracts

Rental contracts are often very complex and have dozen of pages. However, for some tasks, like in a Due Diligence process, only some information is important.

1

Process

Rental contracts need to be analyzed in bulk. Key information such as length of contract, monthly lease and square meters have to be extracted from each contract separately and manually.

2

Algorithm

Applying OCR to the images of the rental contract, the contract is readable for machines. Machine Learning algorithms analyze where this information is usually located and scans the text for patterns.

3

Decision

The relevant information is extracted and transmitted to a structured format and transferred to Spreadsheet templates for further analysis.

More Use Cases

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Companies working with thousands of customers and suppliers need to categorize their documents so that requests can be handled in time.


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