JLL looks to Transform Lease Management With LEVERTON Relationship
Jones Lang LaSalle (JLL) Incorporated, the leading global financial and professional services firm specialising in real estate, who have an existing relationship with PropTech company, LEVERTON to automate and digitize key administrative processes in lease management, today signals its intent to extend and enhance the relationship.
The two companies will sign a co-operation agreement, subject to the successful testing of LEVERTON’s machine learning and deep learning platform to enable closer collaboration and co-operation in the future.
LEVERTON’s machine learning technology enables the identification, extraction and management of key data points from corporate documents such as lease agreements and contracts, in over 20 languages. JLL intends to further integrate these systems into its own global technology platforms to transform the way lease documents are reviewed and analysed. Clients will benefit from a faster and more efficient processing of documentation, reduced operational risks and more robust audit trails.
Christian Ulbrich, President, JLL, commented, “We constantly seek to further enhance the quality and efficiency of all our client services. Directly supporting that aim, JLL has a major on-going strategic commitment to investments in the best new uses of technology, data and digitalisation. This expansion of our partnership with LEVERTON is a good example, increasing the capacity, reliability and efficiency of our lease administration capabilities.”
As part of its global digital transformation strategy, JLL was one of the first companies to engage with LEVERTON. The firm is driving the use of smart technologies and big data to optimise and connect its 280+ offices across the 80 countries in which it operates globally.
Chris Zissis, Chief Information Officer, EMEA, JLL said, “As we roll out these enhanced services, clients not only stand to benefit from faster, more accurate processing of their important documentation but also, longer term, from the insights we can provide from better integration of this data with other systems used at JLL.”
“LEVERTON has the potential to work seamlessly alongside our existing digital tools and applications to offer increased transparency, help clients meet regulatory requirements and make more informed decisions about their real estate activities.”
Jones Lang LaSalle Incorporated (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.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. 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 PropTech, CREtech, LegalTech, FinTech!