INTREAL Solutions and AlphaPrompt Sign Collaboration Agreement
15. Aug 2024
Die INTREAL Solutions GmbH and AlphaPrompt just concluded a collaboration agreement for the purpose of making AI services available to clients via one central platform.
Christian Schmidt, Managing Director of INTREAL Solutions, commented: “We quickly recognised the potential benefits that the solutions offered by AlphaPrompt, which deploy generative AI, could have for the real estate market. What INTREAL Solutions as a certified enterprise in the fields of data infrastructure and software operation can provide to this young outfit is a crucial foundation for the day-to-day operation of its solutions. Our deliverables will simplify the integration of AlphaPrompt solutions into the client-side ecosystems. At the same time, we act as sparring partner during the process of developing new products, and support the company in the areas of sales, marketing and IT compliance. We are favourably impressed by the service quality offered by AlphaPrompt, and very much look forward to working with the company.”
Sven Bauer, Managing Director of AlphaPrompt, commented: “We opted for the collaboration with INTREAL Solutions so as to have an experienced industry partner by our side. This lets us fully concentrate on further product development in order to maintain and expand our technological lead in an innovative, fast evolving market. Using the infrastructure of INTREAL Solutions enables us to offer our solutions even in regulated real estate environments now. Our features for real estate proposals and lease agreements are already successfully used by some of our partners, and we are in talks with many large-scale players in the real estate environment.”
The advanced lease agreement feature of AlphaPrompt provides support during transactions and the onboarding of real assets. In this context, AlphaPrompt analyses comprehensive data rooms, uses generative AI to classify documents and automatically assigns addenda, indexed adjustments, option drawings and many other documents to the respective lease agreements. Once all relevant documents are assigned, AlphaPrompt will create a digital twin for each lease agreement. The digital twin will display the change history of leases over time, and offer detailed information regarding units, rent rates, service charges, notice periods, options, indexations and all sorts of other aspects. This way, missing documents are instantly identified while any contractual inconsistencies are effortlessly revealed as well. Comparing your own standards and specific questions with any given lease is no problem with AlphaPrompt either. “Even today, we are able to create digital twins for many other types of documents, and we are currently working on exciting forward-looking ideas whose feasibility hinges exclusively on the availability and quality of these data,” explained Karl Preuss, CTO of AlphaPrompt.
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