Document automation startup ADEx, which began in 2019 with software to pull data from such documents as leases, rent rolls, and site maps, announced that it has expanded into a number of commercial real estate verticals.

"The pre-seed startup company will now offer its intelligent document automation platform broadly to companies in the real estate industry," a company press release said. "Document processing replaces tedious manual workflows that plague CRE investment professionals, portfolio managers, property management, lease administrators, mortgage lenders, loan servicers, commercial brokers, title and escrow officers."

Document processing and management systems have long been available to corporations. Even smaller companies have used commercial capabilities to process documents electronically. CRE has heavy use of documents that in theory could benefit from such systems.