Technology platform VTS announced the launch of its new artificial intelligence offering, VTS AI, which it says enhances teams where work already happens and provides the foundation for unprecedented AI-driven workflows and insights across the entire platform.
The initial rollout introduces three capabilities that leverage agentic and generative AI, representing the first wave of AI enhancements that will continue expanding across the entire VTS platform.
Proposal AI – Powered by generative AI, this solution enables leasing and asset teams to automate proposal entry by leveraging existing documentation, model the deal by providing detailed cash flows and budget comparisons and ensures greater data cleanliness and accuracy by diminishing hurdles and friction to entry, providing time savings of 93% and saving over 25,000 hours of manual work annually. Users upload a lease proposal or LOI, and the solution extracts data and recognizes key terms – filling in the vacant fields in a proposal form.
VTS Analyst – This AI-powered copilot provides instant insights and contextual market comparisons by leveraging VTS data to supply quick answers about the office market. The analyst will be able to answer users’ questions, rapidly providing actionable insights and faster decision-making for investing, budgeting, and more.
Work Order AI – A new integrated solution that allows VTS Activate users to submit work order requests directly via voice or text without needing to access the VTS Activate app, providing an 80% reduction in time. Generative AI parses the copy in the email and extracts key details pertaining to the request, which is mapped into standardized form fields, successfully completing the request, acting as the first line of defense for property managers.
“The launch of VTS AI is the next step in our journey to provide the best technology solutions to our customers and the industry. As the leading provider of proptech, we’ve been intentionally listening to the pain-points of our customers, as well as examining current frictions taking place around the industry, and have been committed to addressing these with AI in a credible way,” said Nick Romito, CEO of VTS. “VTS is where real estate works. We bring every person, process and AI agent together in one trusted platform, so the industry can move faster, smarter and more profitably.”
