About PredictAP

Our Story

 

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.

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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.

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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.

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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™.

PredictAP Team

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

Meet Our Team

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David Stifter

Founder

Russell Franks

Russell Franks

President & Co-Founder

Greg Achenbach

Greg Achenbach

VP of Product

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Karo Sadowicz

VP of Marketing

Chris Antenesse

Chris Antenesse

VP of Engineering

David Bedard

David Bedard

VP of Customer Success

Emily Fletcher

Emily Fletcher

Finance

Nick Gerakines

Nick Gerakines

Engineering

Eric Hsiao

Eric Hsiao

Engineering

Kristina Durr

Kristina Durr

Engineering

Dan Isler

Dan Isler

Engineering

Tara Ritchey

Tara Ritchey

Product

Ethan Neidhart

Ethan Neidhart

Engineering

Mirek Riedewald

Mirek Riedewald

Data Science

Emma Whitman

Emma Whitman

Product

Darren Roscoe

Darren Roscoe

Engineering

Tony Vec

Tony Vec

Engineering

Advisors & Investors

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

Lew Friedland

Lew Friedland

Advisory Board

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

PredictAP News

Read about recent customer go lives and other company updates

3 Can't-Miss Panels at IMN's Real Estate COO & CFO Forum
Find the PredictAP booth at IMN Real Estate COO & CFO Forum East in NYC

3 Can't-Miss Panels at IMN's Real Estate COO & CFO Forum

Real estate finance and operations executives will gather this week at the IMN Real Estate…

Sep 19, 2022 4:09:21 PM 4 min read
PredictAP Completes SOC 2® Type 1 Attestation
PredictAP Completes SOC 2 Type I attestation

PredictAP Completes SOC 2® Type 1 Attestation

PredictAP is committed to the industry's highest standards for managing customer data. As …

Aug 4, 2022 10:45:43 AM 1 min read
PredictAP Names Karo Sadowicz Vice President of Marketing

PredictAP Names Karo Sadowicz Vice President of Marketing

Developing a robust demand generation program among top priorities.

Jul 13, 2022 1:07:52 PM 1 min read
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