About PredictAP
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.
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.
PredictAP Today
PredictAP is the only AI-powered invoice capture solution built for Real Estate AP.
PredictAP leverages historical invoice data and proprietary AI to rapidly code invoices without needless data entry.
It integrates with industry-leading AP workflow automation solutions, delivering massive cost savings and increased efficiency.
We call it Intelligent Invoice Capture™.
Meet Our Team

David Stifter
Founder


Russell Franks
President & Co-Founder


Greg Achenbach
VP of Product

Chris Antenesse
VP of Engineering

David Bedard
VP of Customer Success


Karo Sadowicz
VP of Marketing


Cameron Brown
Engineering

Emily Fletcher
Finance


Nick Gerakines
Engineering

Eric Hsiao
Engineering


Ethan Neidhart
Engineering

Mirek Riedewald
Data Science


Darren Roscoe
Engineering


Tony Vec
Engineering


Lew Friedland
Advisory Board


Trisha Koyanagi
Co-Founder


Richard Saltzman
Advisory Board

Richard Saltzman
Advisory Board

Bruce Stangle
Advisory Board


Doug Suliman
Advisory Board


Darren Tangen
Advisory Board

Darren Tangen
Advisory Board

Kenneth Wong
Advisory Board

PredictAP News
Read about recent customer go lives and other company updates

BrightSpire Capital Implements PredictAP Invoice Coding Solution
Reducing manual data entry in accounts payable will help the finance team improve efficien…

Bridge Investment Group Implements PredictAP to Reduce Manual Invoice Coding
PredictAP, Inc., the leading AI-powered invoice coding solution designed specifically for …

Vantage Data Centers Removes Data Entry from Invoice Coding with PredictAP
PredictAP, Inc., the leading AI-powered invoice coding solution designed specifically for …