How a Big Four Accounting Firm Reduced Review Time of Lease Agreements by 80% Cortical.io Contract Intelligence Case Study The Challenge Due to changes in both international and US regulations (the new IFRS 16 and ASC 842 lease accounting standards), the company needed to help its customers disclose all leases on the balance sheet. But the company’s customers–mostly large enterprises–have thousands of lease agreements, which must be scoured for relevant information. The task was difficult to automate because lease agreements are not standardized and because the same type of information can be expressed using many different terms, causing poor results from keyword-based systems. The Cortical.io Solution Cortical.io Contract Intelligence was seamlessly integrated into the accountin

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