SAP / LEVERTON: International Conference on Real Estate Management
LEVERTON, an intelligent information extraction and management platform for real estate documents, is proud to announce that it will be presenting its planned API to SAP’s leases functionality at the International Conference on Real Estate Management.
LEVERTON will present its innovative technology as a partner and exhibitor at the ‘International SAP Conference on Real Estate Management 2016’. The conference will take place from September 12 to 13, 2016, in Berlin, Germany and will be accompanied by the German ‘SAP-Forum für die Immobilienwirtschaft’.
LEVERTON’s deep learning technology is leveraged by real estate organizations to automatically extract relevant data out of (lease-) documents. Its planned interface / API to SAP will automate the data comparison between ERP system and documents, and achieve significant efficiency improvements for corporate real estate management. For example, lease documentation with respect to IFRS 16 / IAS 16 can be processed and brought onto the balance sheet more efficiently and more accurately.
The API will be developed in a close collaboration between LEVERTON and the SAP Innovation Center in Potsdam.
LEVERTON’s CEO, Emilio Matthaei commented: “We think that there are various valuable touch points between our technologies to deliver even better results in terms of data management and control. In particular, the challenges corporate real estate organization are facing in regards to IFRS 16 can be overcome more easily due to a close collaboration between LEVERTON and SAP.”
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 310,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
LEVERTON develops and applies disruptive deep learning / machine learning technology to extract and manage data from corporate documents in more than 20 languages. Our clients from the financial and real estate sectors optimize their contract management significantly, manage operational teams more efficiently and process transactions faster. Asset documentation with an underlying face value of more than €40 billion is managed with LEVERTON’s smart data technology. The integrated smart data platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers that guarantee highest security. LEVERTON brings innovative technology to various industries – we are LegalTech, PropTech, CRETech, FinTech!