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Feb 06, 2018

Sports Direct engages LEVERTON to automate its lease portfolio management

Sports Direct, the UK’s largest sporting goods retailer by revenue with over 750 stores globally has engaged LEVERTON, the market leading intelligent information extraction and document management platform for its lease data management. 

This multi-year engagement will see the FTSE-listed retailing group make use of LEVERTON’s multi-language capabilities for its portfolio in Continental Europe. Given the global nature of Sports Direct’s operations, maintaining a centralised repository of all critical operational data is crucial. Using the LEVERTON platform, the retailer is able to ensure that all information regarding their assets across various regions, in multiple languages can now be easily extracted, accessed and interrogated.

As Sports Direct operates across a global platform in multiple jurisdictions, Sports Direct required a system that would allow employees to easily be able to access and scrutinize lease information for effective portfolio management. LEVERTON’s data extraction platform offers the company the capability to examine its lease documentation with greater speed and in a more user-friendly platform than was previously possible. Utilising LEVERTON’s machine learning technology Sports Direct Is able to automatically identify and abstract crucial information from these documents, producing results in a more timely and accurate manner than the manual alternative. 

Speaking about the engagement, Richard Belgrave, Global Sales Director at LEVERTON said, “We are delighted to have signed a large and very recognisable name in UK retail. We are proud to contribute to the growth and success of their company and we have really highlighted our platform’s capabilities in data extraction from non-English leases on behalf of corporates.”

“LEVERTON’s software has allowed us to extract and scrutinize key lease events across our European portfolio which will enhance the quality and efficiency of our lease management processes going forward.” Tom Piper, Legal Counsel (Property) of Sports Direct

About Sports Direct
Sports Direct International PLC is the UK’s largest sporting goods retailer by revenue and operates a diversified portfolio of sports, fitness, fashion and lifestyle fascias and brands throughout the UK and in locations in Europe, the US and Asia.

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