Solution
For lease accounting, corporate real estate and lease administration teams at occupiers, REITs and retailers: every lease abstracted into audit-ready data, every field cited to its clause.
The problem
A lease portfolio managed in Excel is a liability estimate nobody has measured. Under ASC 842 and IFRS 16, mis-keyed rent steps flow straight into reported numbers.
Variable rent steps, free-rent periods and CAM charges get re-read and re-keyed by hand, lease by lease, region by region.
A termination-notice date nobody tracked becomes an unintended auto-renewal with a real cost attached.
The product, not a promise
How it works
Load leases, amendments and addendums from every region — scans, PDFs and email attachments included.
Extract terms, options, rent tables and CAM provisions without configuring a template per landlord format.
Cross-check extracted data against accounting rules; normalize currency, area units and payment frequency.
Route ambiguous or non-standard clauses to an expert with the source clause displayed alongside.
Push validated data to lease accounting systems and ERPs, and schedule alerts for critical dates.
Who it's for
Lease accountant
Head of lease administration
Controller / internal audit
A lease portfolio managed in spreadsheets is a liability estimate with error bars nobody has measured. Agreements sit as scattered PDFs and scans across regions; variable rent steps, free-rent periods and CAM charges get mis-keyed during manual abstraction; and a missed termination-notice date turns into an unintended auto-renewal with a real cost attached. Under ASC 842 and IFRS 16, those errors flow straight into reported liabilities.
The Lease Data Extractor abstracts the portfolio automatically. It reads lease agreements, amendments and addendums in whatever format they arrive and extracts the fields that matter: parties and premises, term and options, full rent tables including escalations and abatements, CAM provisions, and critical dates. It does this template-free — no per-landlord configuration — and normalizes currencies, square footage and payment frequencies into one reporting structure across international portfolios.
Rent tables are where abstraction tools fail, because payment schedules are where leases are most idiosyncratic. The platform digitizes stepped rents, indexation clauses and abatement periods into structured schedules, then validates them against accounting rules before they reach your books. Anything ambiguous or non-standard is routed to a human reviewer with the source clause on screen — the platform never guesses on a number that feeds a liability valuation. Validated data pushes into lease accounting systems and ERPs, and critical dates — renewals, breaks, escalations — become scheduled alerts instead of calendar folklore.
Auditors accept an abstract they can trace. Every extracted field keeps a permanent link to the specific clause in the original contract, and every expert review and correction is logged. When an auditor questions a right-of-use figure, the path from reported number to source clause is one click — which turns lease-accounting audits from an annual excavation into a lookup.
Objections, answered
Every field cites the specific clause it came from, and extracted schedules are validated against accounting rules before they reach your books. Anything ambiguous — an unusual abatement, a non-standard indexation clause — is routed to a named reviewer with the source clause on screen. The platform never guesses on a number that feeds a liability valuation.
No. Abstraction is driven by document understanding, so a new landlord format, a scanned amendment or an unfamiliar layout runs through the same pipeline with no per-format configuration. Low-confidence extractions go to review rather than passing through silently.
A permanent link from every reported field to its source clause, plus a log of every review and correction. The path from a right-of-use figure to the contract language behind it is one click, which turns lease-accounting audits into lookups.
There is no template-building phase, so work starts on your real leases immediately. Most teams begin by abstracting a sample portfolio and validating it side by side against their current abstracts before scaling up.
Watch it become a clause-cited abstract — rent table, options, critical dates — live in the demo.
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