Bringing an Efficient, Accurate Lease Abstracting Tool to the Commercial Real Estate Industry
Posted On: September 26, 2017 by: Brevistone
The Brevistone team has spent more than seven decades within the commercial real estate (CRE) industry. We have seen all sides of the business, and we have worked with clients of all sizes. Over the years, we noticed that CRE professionals lack the one thing that can make their lives easier: a lease abstraction solution. We decided to fill this need by creating our own CRE abstraction software, which we call Brevistone.
Brevistone is the culmination of countless hours of research and expert input. We talked to CRE professionals, lawyers, and asset managers – the people whose work revolves around abstracts, documents, and contracts. In the end, Brevistone was launched as a multipurpose solution. We are proud to say that it is a lease abstracting tool with an electronic document management soul – giving professionals in various lines of work a way to streamline their operations and be more productive.
What Does Brevistone Do?
Brevistone generates a live abstract. Instead of cutting and pasting critical text, numbers, and dates into a static application like Word or Excel, Brevistone serves as a flexible abstraction platform. On one side of your screen, you see the original lease agreement or contract. On the other, your abstract is generated based on what you select from the original document. The information you pull is inextricably linked to that document – making a live resource that can be used for as long as the contract is in force.
- Dynamic – Search for keywords, review information, and create amendments all from one pla
- Efficient – Forget the hours wasted looking for files or performing repetitive data entry.
- Accurate – Redefine what it means to have a paper trail with every entry tied to the original document.
Who Needs Brevistone?
As it turns out, Brevistone has many uses beyond CRE. It is a powerful tool in three major areas:
- Lease Abstraction
- Contract Management
- Document Collaboration
CRE property managers can utilize Brevistone as lease management software. They can highlight important dates, contractual terms, and dollar amounts, and search the document quickly if an emergency arises. CRE accounting professionals can also benefit from the tool, which allows them to create custom forms for integration with accounting applications.
Lawyers – both in CRE and other fields – can utilize Brevistone as contract management software. Instead of losing money on the abstracting process, lawyers can use Brevistone as a training tool for junior staff members. With simple redlining functionality, lawyers can review work and make suggestions without wasting valuable billable time.
Asset managers can utilize Brevistone as a document storage and management system. They can store research, highlight trends and critical details, and funnel information into personalized forms. These forms can then be integrated with other applications or serve as external reports for clients.
Enhancing Expertise, Not Artificial Intelligence
At Brevistone, we believe that computers can’t replicate experience. We don’t use machine learning or artificial intelligence to try to out-think our users. We’ve been there; we understand what years in the field can bring to the table. Our solution was built to make your life easier – not replace you. Whether you are managing leases or reviewing contracts, Brevistone is here to help you meet your clients’ needs and let your business thrive. Are you ready to see what Brevistone can do for your organization?
Contact us today to schedule a demo!
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