Does MRI ProLease Do AI Lease Abstraction?

Not by itself. MRI ProLease is MRI Software's lease management and accounting system, the platform that stores your leases and runs the ASC 842, IFRS 16, GASB 87, and FRS 102 calculations. The AI that reads a lease PDF and pulls out the rent, dates, and options is a separate MRI product called MRI Contract Intelligence, which feeds the extracted data into ProLease and the rest of the MRI suite. So MRI does offer AI lease abstraction, but it is an add-on to ProLease rather than a feature you switch on inside it.

That distinction matters if you are evaluating MRI ProLease and expecting the AI extraction to be included, or if you are trying to test the quality of the abstraction before you commit. Below is how MRI's pieces actually fit together, what the AI does, and where a free abstraction layer sits alongside it.

What MRI ProLease actually is

MRI ProLease is a lease administration and lease accounting platform. It manages real estate and equipment leases and subleases, tracks critical dates and options, handles day-to-day changes like amendments and exercised options, and produces the schedules and journal entries required under the major lease accounting standards. It is the system of record: the place the numbers live once a lease has been read and turned into structured fields. What ProLease is not, on its own, is the thing that reads the lease document and produces those fields in the first place.

Where the AI abstraction comes from: MRI Contract Intelligence

MRI's AI lease abstraction lives in a product called MRI Contract Intelligence. It uses optical character recognition to scan lease PDFs, including older scanned documents, and extract key data such as rent, term, critical dates, and options. Each extracted value is linked back to its source in the document, which gives you an audit trail that a manual, spreadsheet-based process cannot. The extracted data can then flow directly into MRI ProLease, MRI Commercial Management, or Horizon, or be exported to Excel or CSV, or pushed to a third-party system through an API. In other words, Contract Intelligence is the front end that reads the lease, and ProLease is the back end that accounts for it.

So does MRI ProLease do AI lease abstraction, or not?

The honest answer is that MRI, the company, offers AI lease abstraction, but you get it through MRI Contract Intelligence, not through ProLease as a standalone feature. If a vendor tells you ProLease abstracts leases with AI, what they usually mean is that the two products are designed to work together: Contract Intelligence extracts, ProLease consumes. For a buyer, the practical implication is that you are looking at two products, two implementations, and, typically, a sales-led engagement to scope both. There is no free, self-serve way to point MRI's AI at a single lease and check the output this afternoon.

How to test AI lease abstraction quality before you buy

Whatever platform you are considering, the accuracy that matters is on a small set of fields: the commencement and rent commencement dates, the full stepped rent schedule, the CAM or operating expense recovery terms, and the option notice dates. Every accuracy percentage published in this category is self-reported, so the only test worth trusting is your own. Take your worst-scanned, most amended lease, run it through the tool, and check those specific fields against the document. If the dates are clean and the rent steps reconcile, the tool is doing its job. If they are not, no marketing number will save you at month-end.

This is exactly where a free abstraction layer earns its place. With LeaseAbstractors you can upload a real lease right now, watch the AI pull the rent schedule, options, critical dates, and CAM terms into structured fields, and verify each value against its source page, with no demo and no minimum lease count. If the output is good, you can abstract the rest of the portfolio and export it to Excel or CSV to load into ProLease, or into whatever system you choose. If you are weighing MRI against other platforms first, the MRI lease abstraction alternative page lays out the tradeoffs.

MRI Contract Intelligence vs a self-serve abstraction tool

The two are not really competitors so much as different buying models for the same task. MRI Contract Intelligence is the right choice if you are already committed to the MRI ecosystem and want extraction that drops straight into ProLease and Commercial Management with a single vendor standing behind it. A self-serve tool is the right choice if you want to get leases abstracted quickly, test the quality before spending, or feed data into more than one system. Many teams use a free abstraction step to get clean, source-linked data first, then decide which accounting platform to load it into. That order de-risks the bigger decision, because clean data is what every one of these platforms depends on.

Does MRI Contract Intelligence handle ASC 842 data?

Yes. The whole point of extracting lease data into ProLease is to run lease accounting on it, so Contract Intelligence is built to capture the fields ASC 842 and the other standards need: the lease term, the payment schedule, options that affect the term, and the dates that drive the measurement. Getting those fields right at extraction is what keeps the downstream accounting clean. If you want a plain-English walkthrough of which lease fields the accounting actually depends on, see how to prepare lease data for ASC 842. The same discipline applies whether the data ends up in ProLease, another platform, or a spreadsheet: the extraction has to be accurate, and it has to be verifiable against the lease. For teams that also have to track the wider set of obligations a lease creates, keeping every compliance obligation on a single tracker stops renewal and insurance deadlines from slipping through the cracks.

The bottom line

MRI ProLease is lease management and accounting software; MRI Contract Intelligence is the AI that abstracts the leases and feeds it. Both are sales-led, so if you want to see AI lease abstraction work on your own lease before committing, test it on a free tool first, confirm the dates and rent schedule against the source, and only then decide which system to build on. Last updated July 2026.