Lee Baron, a specialist property management firm operating nationwide, has selected the AI-powered MRI Contract Intelligence solution as a risk mitigation tool – adding to a business software suite that already includes MRI Qube PM as a core back-office operations and accounting system. Lee Baron’s decision to move forward represents its emphasis on innovation, its position as a clear thought leader in the space and marks the first deal of its kind between the MRI Lease Intelligence module and Qube Property Management.
The new lease abstraction capabilities offered by the software will provide Lee Baron with a cost-efficient method to extract data from leases and store it in a smart, centralised repository. It also allows them to offer its client base access to the platform, providing invaluable insight into key data and documentation, with an audit trail between the two.
Richard Belgrave, Sales Director at MRI Software, said: “We are immensely excited that Lee Baron is building on our relationship by leveraging MRI Lease Intelligence, and we look forward to working together to drive operational efficiencies across its business. More and more real estate organisations are assessing how digital transformation projects can help optimise their business processes – and Lee Baron is a clear thought leader in the space with a well thought out strategy regarding the use of artificial intelligence. We can’t wait to get going.”
Tim Love, CTO at Lee Baron, said: “With pre-trained algorithms and a rigorous approach to document review, the Lease Intelligence solution will deliver immense value to us and our clients. We are so pleased to be working even more closely with MRI, and are excited about the opportunity to help shape additional features and product developments in the future.”
MRI Lease Intelligence was officially launched at the MRI Ascend Anaheim users conference in October 2019. It comes following MRI’s acquisition of Leverton – the award-winning AI-powered data extraction and contract analysis platform for corporate and legal documents.