How to Use the AI Document Extract Function in Cactus
The AI Document Extract Function in Cactus streamlines your underwriting process by automatically extracting critical data from uploaded documents, such as Offering Memorandums (OMs), Excel models, PDFs, and Word documents. This guide will show you how to use this feature to speed up your real estate analysis.
Step 1: Upload a Document
Go to the Quick Analysis section.
Click on Upload Document and choose a file from your device. Supported formats include PDF, Excel, and Word.
Step 2: Wait for Extraction
The system will extract key data points, such as property details, financial metrics, and market analysis. This typically takes a few minutes, depending on the document’s size and complexity.
Step 3: Review and Edit Extracted Data
After extraction, review the data to ensure accuracy. If needed, manually adjust any details directly in the platform.
Common Questions:
Accuracy: The AI is highly accurate but users should verify extracted information, especially for complex documents.
File Security: All uploaded documents are encrypted and stored securely to protect your data.
Troubleshooting: If extraction fails or data seems incomplete, re-upload the document or contact support.
Next Steps
Once the data is reviewed, you can proceed with your analysis, integrating the extracted information into your underwriting model.
If you encounter issues or need further assistance, reach out via Contact Support in the menu or use the Chat feature for real-time help.
FAQ's
What is the AI Document Extract Function?
The AI Document Extract Function automatically extracts key data from documents to streamline the underwriting process.What types of documents can I upload?
You can upload Offering Memorandums (OMs), Excel models, PDFs, and Word documents.How do I upload a document for extraction?
Navigate to the document upload section, select your file, and upload it. Supported formats include PDF, Word, and Excel.What information is extracted from the document?
The AI extracts property details, financial projections, and market analysis.How accurate is the extraction process?
The extraction process is highly accurate, though manual verification is recommended for complex documents.How long does the extraction process take?
Extraction typically takes a few minutes, depending on the document's complexity.What should I do if the extraction results are incorrect or incomplete?
If extraction results are incorrect, manually adjust the data or re-upload the document.Can I review and edit the extracted data before using it?
Yes, you can review and edit the extracted data before proceeding.Is the uploaded document secure and private?
Yes, documents are encrypted and stored securely.Are there any restrictions or limitations on document extraction?
Complex formatting, scanned images, or highly structured data may face limitations.What should I do if the document fails to upload or extract?
Ensure the file format is correct, and try again. Contact support if issues persist.Can the AI extract data from multiple documents at once?
Currently, batch processing is not supported.How does the AI handle different document structures or formats?
The AI adapts to most layouts but may struggle with unconventional formats.What is the next step after extraction?
After extraction, verify the data and integrate it into the underwriting model.Who can I contact for support if I have issues with the extraction function?
Contact support via the Contact Support option or use the Chat feature for real-time help.