This news story relates to Qube Global Software, one of our previous brands. For more information please read the press release.
Qube Global Software (Qube) today announces its partnership with intelligent information extraction and document management platform LEVERTON. The companies will work together to serve clients across the real estate sector with AI based technology for next generation real estate management.
Over the last 40 years, Qube Global Software has helped thousands of clients managing or occupying real estate, ranging from small businesses through to global corporations: bringing increased efficiency, reduced costs and full access to vital information. Qube Global’s solutions have always operated to enable compliance with core accounting and financial reporting regulations, including upcoming lease accounting standards.
This partnership will deliver a number of significant benefits to the Qube client base.
The primary benefit being the possibility to accelerate adding lease information to the Qube real estate solution by using LEVERTON to perform lease abstractions and auto uploading relevant data into the system. This area will be at the heart of the future partnership.
LEVERTON uses deep learning, a subset of Artificial Intelligence programmed to simulate the way the human brain functions, to automatically extract data from unstructured documents. This has been particularly valuable in the real estate sector, and LEVERTON is already working with real estate giants such as JLL and STRABAG to facilitate the smarter and more efficient management of large real estate portfolios.
Artificial Intelligence is a powerful technology enabling significant efficiencies in the way organizations, buy, sell and manage real estate. The partnership means that customers will benefit from a comprehensive solution for real estate management allowing for big data analytics.
Qube’s lease management functionality is already used by thousands of major international brands to support their real estate operations, such as Tesco, M&S, Debenhams and Hanesbrands. By partnering with LEVERTON, this combination of state of the art AI technology and the deep financial capabilities of Qube will continue to transform the world of real estate technology.
About the partnership, Steven Fox, Head of Sales – Occupier Solutions at Qube comments,
“Naturally we are excited about this partnership and the technology it will deliver to our clients. LEVERTON will sit ideally alongside our solution and will give customers a potential leap in efficiency. It comes at an ideal time when these customers will be looking to adhere to the latest lease accounting standards and many have the associated lease abstraction challenge to face.”
Qube Global Software is a leading supplier of property and facilities management software throughout the world. Over the last 40 years it has helped thousands of clients, ranging from small investors through to global corporations, manage every aspect of their property portfolios. Its products can bring increased revenue and efficiency, reduced costs and full access to vital information for every sector of the property industry.
LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Our platform empowers corporations and investors to be more efficient and effective with their data & document management. It facilitates quick and data-driven decision-making by creating actionable, valuable insights out of unstructured data. More than 100 global industry leaders trust LEVERTON to build their CORE. The intelligent platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers that guarantee highest security.