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