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Patented Technology For Contract Management

AMTdirect patented an electronic information-management system in 2006 that abstracts and
reports document information, thus allowing AMTdirect users a first-ever opportunity to drill down in any executed contracts.

Designed specifically for contract-intensive property and lease administration departments, the patented AMTdirect system utilizes a computer communicating with an electronic database. Lease Administrators and Property Managers no longer have to waste time going to the filing cabinet to look up an exact clause. AMTdirect’s patented system gives users the ability to drill down to the exact clause in any contract within seconds. Have over 13,000 properties? Not a problem, the AMTdirect patent will allow you to see every minute detail. Broken Pipe in a building, who fixes it and who’s responsible? AMTdirect’s patented technology will have the answer in a flash.


Case Study on Patent – By Staying Active, Tracey gained 40 extra work hours in one month

Challenge
Tracey Machin, Real Estate Legal Assistant for Rack Room Shoes, was constantly running to the filing closets every time a question came up regarding one of their buildings. Tracey would waste valuable time trying to track down an executed contract and pinpointing an exact clause in an 80 pages plus lease.

Solution:
AMTdirect’s patented technology allows users to get their real estate answers in just seconds. AMTdirect users can now access all their executed contracts from anywhere in the world. The patented technology will also drill down and pinpoint an exact clause in an executed contract within seconds.

Results:
“The system gives me what I need when I need it,” said Tracey Machin, real estate legal assistant for Charlotte, N.C.-based Rack Room Shoes. “Throughout the day I will access the system at least a dozen times for various reasons. In the time it would take me to retrieve the lease file, search through page by page and burn up 10 minutes, if not more, I have gathered the necessary information and moved on to a new task.”

In Tracey’s case, the solution allows her to do what would have normally taken her 10 hours a week in less than an hour. By putting all executed contracts into the Web-based system and then abstracting them, lease administrators, attorneys, contractors, etc., can access the data from anywhere in the world. AMTdirect’s patent goes one step farther by providing a drill-down capability in the executed contracts. This gives real estate professionals an insight into their portfolio and saves time.