The Client:
A US-based cloud solution provider company offering trends and insights into commercial real estate markets.
Scope of Work
Lease Documents Extraction Services
Process Bottlenecks
The client faced time constraints and cost overruns over the in-depth study of commercial lease agreements, often with a large set of clients.
Cogneesol’s Optimization Solution
In order to optimize the client’s operational performance through faster lease reviews and increased cost savings, Cogneesol designed and deployed a customized lease management framework for the client:
- Identified the different types of lease documents such as signed lease, unsigned lease, lease abstract, rent roll, appraisal, file documents
- Defined a mechanism for data, key terms extraction from the portal Amazon Sagemaker. Annotated documents in the software tool as per the client's instructions and helped fix software bugs
- Annotated commercial lease agreements with a number of tenants in a given time frame and streamlined data capture for the numerous fields in the documents leading to a simplification of the process
Cogneesol has given us a skimmed process that delivers on quality and accuracy. What was once a time-consuming and tedious process is now timely and precise.
Impact Delivered
Cogneesol helps the client achieve overheads reduction through optimized processes.
By partnering with Cogneesol, the client company got the benefits of an institutionalized and optimized document extraction and summarization system. This significantly lowered their department costs. Additionally, our solution entailed minimal deployment effort, resulting in overall reduced overheads and freeing up of resources for more critical work.
Lease documents abstracted – 10,000
Client Testimonials
It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
Thank you Cogneesol for your valuable services in reviewing and managing our firm’s contracts. You have helped reduce our time spent on this activity by more than half. Also, the resulting cost savings have been great in these pandemic-struck times. We hope to strengthen our relationship with you in the future with more such assignments. Keep up the good work!
Cogneesol’s legal experts are the backbone of my firm here in New Orleans -- from document review to most of our backend legal functions. A bunch that are experts at our laws and regulations, they are also extremely approachable for sundry research and assignments that keep arising from time to time in our line of work. Most importantly, they provide us seamless, timely service all the time.
Cogneesol has been handling our document review and management, contract drafting and management services for the last two years, and we have been extremely satisfied with their comprehensive and immaculate service delivery. They are meticulous and leave nothing to chance. Further, the flexibility of their rate cards allows us the freedom to approach them with all requests of backend support.
Today, we rely on Cogneesol for handling most aspects of our law firm’s back-office operations. It had started with the basic yet crucial document review tasks. Their excellent service delivery simply led to widening the scope of work and now, we also depend on them for contract abstraction, drafting, and management. Not only do they deliver quality service, they are also reasonably priced helping us stay cost efficient.
Cogneesol has been our partner for contract review and management for some time now. Initially, we had started with assignments every other month. But over time, impressed with their timeliness and comprehensive output, we handed over 100% of our contracts to the team. This has worked best for us since it has freed us of valuable time which we would earlier spend in review.
