Product Overview of Clik.ai
Clik.ai is a cutting-edge software platform designed to revolutionize the commercial real estate (CRE) 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 lenders, brokers, investors, and asset managers to enhance efficiency and accuracy in their operations. The platform automates routine tasks such as extracting data from property financials, rent rolls, and operating statements, significantly reducing the time and effort required for manual data processing. This automation enables professionals to make quicker, well-informed decisions, thereby accelerating the deal-making process.
Key Features and Functionality
1. Automated Underwriting
Clik.ai’s AI technology automates the underwriting process, allowing users to view projected cash flow data and evaluate financial risks and potential returns of a property in minutes. This eliminates the need for manual document parsing and calculation tasks, which can be error-prone and time-consuming.
2. Data Extraction and Parsing
The platform can read, understand, and extract key financial information from various document formats, including Excel, PDFs, and other files. This data is then structured in a format that enables users to run multiple analyses quickly and accurately. Features like OS (Operating Statement) and Rent Roll parsing, as well as OM (Owner’s Manual) and appraisal parsing, are integral to this process.
3. Loan Origination and Lease Management
Clik.ai includes tools for loan origination and lease management, facilitating the creation of industry-standard loan models and managing lease-related data efficiently.
4. Workflow Automation
The software automates the workflow for CRE investment and mortgage servicing, making it possible to run these processes up to 10 times faster and more affordably. This includes the ability to upload multiple documents in any format and store them securely.
5. Sophisticated Excel Models and Reporting
Clik.ai generates sophisticated Excel models directly from raw income statements and rent roll PDFs in seconds. It also provides instantly downloadable insightful graphs and detailed data analytics, which are valuable for asset performance presentations and portfolio management.
6. Integration and Compatibility
The platform is designed to integrate seamlessly with existing third-party software systems used by acquisition firms, underwriters, and finance professionals. The “Smart Extract” feature allows for easy data extraction and normalization from financial documents, enhancing collaboration and efficiency.
7. Accuracy and Speed
Clik.ai’s AI engine extracts key financial information with greater than 99% accuracy, significantly reducing the risk of human error. This enables underwriters to process operating statements and rent rolls up to 50% faster, and in some cases, up to 10 times faster than traditional methods.
Benefits
- Time Savings: Clik.ai drastically reduces the time required for underwriting and data analysis, allowing professionals to screen more deals, bid on more opportunities, and win more deals.
- Enhanced Accuracy: The automation of data extraction and analysis minimizes the risk of human error, ensuring that decisions are based on accurate and reliable data.
- Increased Efficiency: By automating routine tasks, Clik.ai enables deal makers to focus on higher-value activities, such as strategic decision-making and client relationships.
- Scalability: The platform supports large-scale operations, having been used by top companies like Colliers, Newmark, BWE, Marcus & Millichap, and others to evaluate billions of dollars in commercial real estate transactions each month.
In summary, Clik.ai is a powerful AI-driven tool that transforms the commercial real estate underwriting process by providing rapid, accurate, and insightful data analysis, thereby enabling smarter and faster decision-making in the industry.