tmGroup estimated it could save fee-earners up to one hour per property by reducing the time spent reading search results and transferring information into reports.
tmGroup launched tmDocAssist, its first artificial intelligence (AI)-powered tool, to help firms review property portfolio documents.
The tool reads CON29 and LLC1 local authority search results, extracts relevant details and places them into a standardised report.
tmGroup estimated it could save fee-earners up to one hour per property by reducing the time spent reading search results and transferring information into reports.
Matt Green, chief executive officer of tmGroup, said: “Our customers told us how much time they spend reading and rekeying Local Authority search results, property by property.
“We built tmDocAssist to take on that repetitive work while giving firms confidence in the information they receive.
“It is our first AI-powered product and an important step in our wider strategy to combine useful technology with the expertise and service our customers expect.”
