CHARLOTTE, N.C. -- August 24, 2006 -- Asset Management Technologies, Inc. (AMT) announced the award of U.S. Patent No. 7,047,491 for its document drill-down technology. The patent, “Electronic Information Management System for Abstracting and Reporting Document Information,” further solidifies AMT’s position as an innovator in the field of On-Demand real estate software technology.
AMTdirect, AMT’s signature application, utilizes this technology to allow users to summarize and report on key commercial lease terms contained within electronic contract documents. The drill-down functionality allows users the ability to link directly to key passages within their lease and other legal contract documents. Users upload electronic document files into the database; the document images are then linked to the property and lease records enabling Users to hyper-link through AMTdirect’s Lease Summary screen directly into the correct passages and paragraphs of the imaged documents. This revolutionary technology provides instant, focused, real-time, global access to key terms within crucial legal documents without having to search for them.
“We are very excited about being awarded this patent after a long and hard examination period. It validates and provides a true competitive advantage for AMTdirect in the Software as a Service space for real estate property and contract management for AMT” says Daniel Schubert CCO – Chief Client Officer of AMT.
In this post Sarbanes-Oxley era of financial transparency, corporations are searching for a seamless way to provide access to necessary data for employees and third-party individuals such as auditors. AMTdirect not only provides instant access to summaries of complex commercial leases, but also to the key passages within the electronic documents. This allows all parties to quickly reference any coded passage in the documents thus eliminating unnecessary interpretations of lease clauses.
AMTdirect also meets SOX’s Section 404 requirements for internal controls over financial transactions, including accounting for commercial leases, leveraged leases and tracking income streams from corporate owned properties.
Founded in 1996 and celebrating it’s 10 year anniversary, AMT’s technology and consulting services have attracted a strong roster of clients, including Enterprise Rent-A-Car’s global real estate holdings, Dow Chemical, Ingersoll-Rand, PF Chang’s, Johns Hopkins University, Lowe’s Companies, Rack Room Shoes, Urdang Properties, Stop & Shop Supermarkets, Giant Foods, Carolinas HealthCare System, Jones Lang LaSalle, BB&T; and Health Care Property Investors (HCPI), to name a few.
For more information, contact Asset Management Technologies at 704-896-3118; on the Web at www.amtdirect.com.