Moreover, the portfolio is rounded off by highly skilled staff who contribute relevant domain knowledge to develop customized innovations based on new technologies. KPMG's cognitive document processing solution is based on innovative, modular cognitive functionalities and includes methods, tools, approaches and resources focused on improving transparency, consistency, efficiency and time for making decisions and taking action. In addition, most of the contracts are not digitized, requiring a lot of manual effort to extract the right information from the contracts and to get an overview of the contracts and the respective terms and conditions. The large number of leases as well as local specifications in leasing such as currency and language make the analysis of these contracts even more complex. Moreover, the measurement and analysis of leases is time-consuming.
For example: IFRS16 reform involves fundamental changes for lessees.
Usually, this is done by expensive experts in an error-prone process. Many companies face the challenge of managing a large number of different contracts with varying effects on the company.
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