In the ever-changing world of technology, GenAI is a powerful catalyst, providing key capabilities and accelerating transformations across industries.
The Wipro AI-Powered TRIRIGA® Virtual Assistant uses GenAI to revolutionize lease contract management, giving clients a competitive edge by freeing up valuable time for teams to focus on strategic initiatives.
Lease abstraction presents consistent challenges across sectors — from retail to banking/BFSI, telecommunications to information technology (IT). Manual processes can be expensive, time consuming, and risky, due to potential data entry errors and the challenge of interpreting intricate lease terms. Whether in due diligence or asset management, real estate lease abstractions can take anywhere from four to eight hours per lease.
Wipro has streamlined this process by integrating IBM Watson Assistant into the IBM TRIRIGA application. This integration allows users to effortlessly upload lease documents, extract essential data, and generate lease records. Powered by WatsonX LLM model Llama, the platform employs AI-driven chatbots and natural language processing to automate operations.
