Product Overview: Clik.ai
Clik.ai is a cutting-edge software platform designed to revolutionize the commercial real estate industry by leveraging artificial intelligence (AI) to automate and streamline the underwriting and property data extraction processes.
What Clik.ai Does
Clik.ai is tailored for commercial real estate brokers, investors, lenders, and asset managers. It aims to enhance efficiency and accuracy in evaluating real estate investments by automating routine and time-consuming tasks. The platform is particularly useful for multifamily investors and commercial real estate professionals, enabling them to make quick, well-informed decisions on deals.
Key Features and Functionality
1. Automated Underwriting
Clik.ai’s Automated Underwriting (AutoUW) feature allows users to view projected cash flow data in minutes, significantly reducing the time and effort required for manual underwriting. This process eliminates the need for manual document parsing and calculation tasks, thereby minimizing the risk of human error.
2. Data Extraction and Analysis
The platform can read, write, and extract crucial financial information from various file formats such as Excel, PDF, and more. It analyzes income statements, rent rolls, and other deal documents with greater than 99% accuracy, providing users with quick and accurate financial models and analyses.
3. Workflow Automation
Clik.ai automates the workflow for property valuation and transaction due diligence, enabling deal makers to run their deal valuations and due diligence processes at significantly faster speeds. This automation can result in a 50% reduction in the time required to analyze financial spreadsheets and process operating statements and rent rolls.
4. Cloud-Based and Secure
The software is cloud-based, ensuring accessibility and scalability. All uploaded documents are saved in secure data storage, providing a reliable and secure environment for sensitive financial data.
5. Integration and Compatibility
Clik.ai integrates seamlessly with existing systems, offering a plug-and-play solution that supports industry-standard loan models. It is designed to be user-friendly, allowing professionals to prepare loan models quickly by extracting financials from operating statements and rent rolls efficiently.
6. Industry Adoption
Clik.ai is already being used by top companies in the commercial real estate sector, including Colliers, Newmark, BWE, Marcus & Millichap, and many others. Its adoption has been driven by its ability to handle large volumes of transactions, such as Bellwether Enterprise’s $7.9 billion loan volume and $31.2 billion annual servicing portfolio.
In summary, Clik.ai is a powerful AI-driven tool that transforms the commercial real estate underwriting process by automating data extraction, financial analysis, and workflow management. This results in significant time savings, increased accuracy, and enhanced decision-making capabilities for professionals in the industry.