About PredictAP
A large real estate investment trust struggled with rising AP costs.
Accounts Payable at a large REIT 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 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
CEO & Founder
Russell Franks
President & Co-Founder
Greg Achenbach
VP of Product
Chris Antenesse
VP of Engineering
Stephen Farrell
VP of Sales
Kristina Durr
Engineering
Emily Fletcher
Finance
Dana Grundy
Marketing
Dan Isler
Engineering
Brian Louks
Engineering
David Louks
Engineering
Ethan Neidhart
Engineering
Ali Noel
Customer Success
Mirek Riedewald
Data Science
Tara Ritchey
Customer Success
Darren Roscoe
Engineering
Michelle Rudolph
Product
Emma Whitman
Product
Demetrios Barnes
Advisory Board
David Bedard
Advisory Board
Dawn Dardzinski
Advisory Board
Lew Friedland
Advisory Board
Richard Saltzman
Advisory Board
Richard Saltzman
Advisory Board
Ron Sanders
Advisory Board
Ron Sanders
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
PredictAP Customers Win Big at 2024 Digie Awards
PredictAP customers Bridge Investment Group and The RMR Group took to the stage at Realcom…
PredictAP Now Available for Bottomline Customers Using NexusPayables
PredictAP is proud to announce general availability of its AI-powered invoice coding solut…
PredictAP Expands Executive Team Following Series A
PredictAP, an AI enabled invoice capture solution for real estate accounts payable (AP), a…