The PredictAP Story

A large real estate investment trust struggled with rising AP costs.

Accounts Payable at Colony Capital was stuck in the past—like many others in real estate and other industries—relying on manual data entry and coding decisions made by siloed AP teams.

The team had already implemented available solutions: AP Automation, which streamlined approval workflows but ignored invoice capture; ingestion solutions like OCR, offshoring and vendor-initiated payments—none of them addressed coding.

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None of the tools they tried solved the real problem: coding. So they built their own.

Their custom on-premise machine learning solution did more than dampen costs. Invoice processing time decreased 5X within just a couple months, while improving accuracy to over 90%.

While sharing their success with industry peers, the team saw an opportunity to deliver the same savings and efficiency at a larger scale by turning their project into a product.

Enter PredictAP: a state-of-the-art cloud-based solution for real estate AP.

In early 2020, Russell Franks joined Colony Capital's Trisha Koyanagi and David Stifter to found PredictAP and make it a scalable, cloud-based SaaS solution.

The founding team combines engineering expertise from Apple, Google, HubSpot, and Datadog to complement their deep knowledge of real estate, finance, and process improvement.

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PredictAP Today

PredictAP is the only Intelligent Invoice Capture™ solution built for real estate.

It succeeds where others fall short: invoice coding.

Powered by machine learning, PredictAP leverages historical invoice data to rapidly and accurately code new invoices. It's smart. It's fast. It's automated. 

When paired with industry-leading AP workflow automation solutions, PredictAP delivers massive cost savings and increased efficiency.

PredictAP Team

Meet our team of experienced real estate, technology and SaaS veterans, AI enthusiasts, and entrepreneurial spirits.

Meet Our Team

David Stifter

David Stifter

Founder

Russell Franks

Russell Franks

President & Co-Founder

Greg Achenbach

Greg Achenbach

VP of Product

Chris Antenesse

Chris Antenesse

VP of Engineering

David Bedard

David Bedard

VP of Customer Success

Sharon Banh

Sharon Banh

Product & UX

Cameron Brown

Cameron Brown

Engineering

Emily Fletcher

Emily Fletcher

Finance

Nick Gerakines

Nick Gerakines

Engineering

Eric Hsiao

Eric Hsiao

Engineering

Rachel Li

Rachel Li

Engineering

Darren Roscoe

Darren Roscoe

Engineering

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Karo Sadowicz

Marketing

Advisors and Investors

The industry and technology veterans whose insight and expertise support our growth.

Lew Friedland

Lew Friedland

Advisory Board

Trisha Koyanagi

Trisha Koyanagi

Co-Founder

Richard Saltzman

Richard Saltzman

Advisory Board

Bruce Stangle

Bruce Stangle

Advisory Board

Doug Suliman

Doug Suliman

Advisory Board

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Darren Tangen

Advisory Board

Kenneth Wong

Kenneth Wong

Advisory Board

News & Announcements

NEWS

PredictAP Expands Executive Team

Chris Antenesse, Greg Achenbach, and David Bedard will join the executive team, leading engineering, product, and client success, respectively.

Read Story
NEWS

PredictAP Closes Preferred Seed Funding Round

PredictAP raised $3.4M in funding from real estate investment veterans to grow the team and bring the platform to market in 2021.

Read Story
INTELLIGENT INVOICE CAPTURE

See how it works.