An SME Connect introduction between retail leasing specialists LeaseInfo and CSIRO’s Data61 has revolutionised commercial lease abstraction.

The challenge

Expense and time associated with manual lease management

Lease management involves coordinating vast amounts of documents and data on the accounting, administrative and legal requirements associated with the rental and maintenance of properties and other assets.

Accurait’s award winning team at the 2019 Australian Information industry Association iAwards ceremony.

Currently this is a largely manual process, which is both expensive and time intensive. With advances in technology, the time is now ripe for automation.

Our response

Development of Accurait® software

Through a CSIRO Kick-Start project, LeaseInfo gained access to Data61’s extensive experience and capability in natural language processing and machine learning.

The partnership resulted in the development of Accurait® , a new software that seamlessly reads lease contracts and scanned data. The business is continuing to evolve the product through an SME Connect facilitated STEM+ Business fellowship with Data61.

The results

Automated contract reading technology redefines the way businesses manage leases

Accurait® is redefining the way businesses manage leases. The revolutionary technology stores key information in a database and allows tagging and linking of information across different documents which can then be exported to other management platforms.

The automated process that uses highly advanced contract reading technology, saves time and money, and reduces the risk of error. LeaseInfo has now acquired over 20 new customers and has been selected by the world's largest lease management systems company as a preferred supplier of the value added service.

Find out more and apply

For more information and to apply, please get in touch with our CSIRO Kick-Start Program team:

Megan Sebben View profile External link
Kick-Start Program Manager - SERVICES

Phone +61395458543
Contact Megan Sebben

Monika Szabo View profile External link

Phone +61395452596
Contact Monika Szabo

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