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](https://www.predictap.com/hubfs/david_stifter_round-1.png)
David Stifter
CEO & Founder
![David Stifter](https://www.predictap.com/hubfs/david_stifter_round-1.png)
![Russell Franks](https://www.predictap.com/hubfs/Russell%20Franks_round.png)
Russell Franks
President & Co-Founder
![Russell Franks](https://www.predictap.com/hubfs/Russell%20Franks_round.png)
![Greg Achenbach](https://www.predictap.com/hubfs/1612188305454.jpg)
Greg Achenbach
VP of Product
![image0-3](https://www.predictap.com/hubfs/image0-3.jpeg)
Karo Sadowicz
VP of Marketing
![image0-3](https://www.predictap.com/hubfs/image0-3.jpeg)
![Chris Antenesse](https://www.predictap.com/hubfs/IMG_0119.jpeg)
Chris Antenesse
VP of Engineering
![Stephen Farrell](https://www.predictap.com/hubfs/stephen_farrell.png)
Stephen Farrell
VP of Sales
![Stephen Farrell](https://www.predictap.com/hubfs/stephen_farrell.png)
![Tony Scalese](https://www.predictap.com/hubfs/tony_scalese.png)
Tony Scalese
VP of Customer Success
![Tony Scalese](https://www.predictap.com/hubfs/tony_scalese.png)
![Kristina Durr](https://www.predictap.com/hubfs/Kristina%20Durr.png)
Kristina Durr
Engineering
![Kristina Durr](https://www.predictap.com/hubfs/Kristina%20Durr.png)
![Emily Fletcher](https://www.predictap.com/hubfs/1553138612107.jpg)
Emily Fletcher
Finance
![Emily Fletcher](https://www.predictap.com/hubfs/1553138612107.jpg)
![Dana Grundy](https://www.predictap.com/hubfs/dana_grundy.png)
Dana Grundy
Marketing
![Dan Isler](https://www.predictap.com/hubfs/Dan%20Isler.png)
Dan Isler
Engineering
![Dan Isler](https://www.predictap.com/hubfs/Dan%20Isler.png)
![Sabrina Kent](https://www.predictap.com/hubfs/sabrina_kent_2.png)
Sabrina Kent
Engineering
![Sabrina Kent](https://www.predictap.com/hubfs/sabrina_kent_2.png)
![Brian Website Image](https://www.predictap.com/hubfs/Brian%20Website%20Image.png)
Brian Louks
Engineering
![Brian Website Image](https://www.predictap.com/hubfs/Brian%20Website%20Image.png)
![David Louks](https://www.predictap.com/hubfs/david_louks.png)
David Louks
Engineering
![David Louks](https://www.predictap.com/hubfs/david_louks.png)
![Ethan Neidhart](https://www.predictap.com/hubfs/1575299174350.jpg)
Ethan Neidhart
Engineering
![Ali Noel](https://www.predictap.com/hubfs/ali_noel.png)
Ali Noel
Customer Success
![Ali Noel](https://www.predictap.com/hubfs/ali_noel.png)
![Mirek Riedewald](https://www.predictap.com/hubfs/Riedewald_Mirek_hero-mobile.jpg)
Mirek Riedewald
Data Science
![Mirek Riedewald](https://www.predictap.com/hubfs/Riedewald_Mirek_hero-mobile.jpg)
![Tara Ritchey](https://www.predictap.com/hubfs/Tara%20Ritchey.png)
Tara Ritchey
Customer Success
![Tara Ritchey](https://www.predictap.com/hubfs/Tara%20Ritchey.png)
![Darren Roscoe](https://www.predictap.com/hubfs/IMG_20191222_101530_1.jpeg)
Darren Roscoe
Engineering
![Darren Roscoe](https://www.predictap.com/hubfs/IMG_20191222_101530_1.jpeg)
![Michelle Rudolph](https://www.predictap.com/hubfs/michelle_rudolph.png)
Michelle Rudolph
Product
![Michelle Rudolph](https://www.predictap.com/hubfs/michelle_rudolph.png)
![Ervin Tong](https://www.predictap.com/hubfs/IMG_6426.png)
Ervin Tong
Data Science
![Ervin Tong](https://www.predictap.com/hubfs/IMG_6426.png)
![Emma Whitman](https://www.predictap.com/hubfs/IMG_7688.jpg)
Emma Whitman
Product
![Emma Whitman](https://www.predictap.com/hubfs/IMG_7688.jpg)
![Demetrios Barnes](https://www.predictap.com/hubfs/demetrios_barnes.png)
Demetrios Barnes
Advisory Board
![David Bedard](https://www.predictap.com/hubfs/1526604942005.jpg)
David Bedard
Advisory Board
![Lew Friedland](https://www.predictap.com/hubfs/Screen%20Shot%202021-02-24%20at%206.54.02%20PM.png)
Lew Friedland
Advisory Board
![Lew Friedland](https://www.predictap.com/hubfs/Screen%20Shot%202021-02-24%20at%206.54.02%20PM.png)
![Richard Saltzman](https://www.predictap.com/hubfs/Richard-B.-Saltzman-President-and-Chief-Executive-Officer-of-Colony-NorthStar+-+Copy.jpg)
Richard Saltzman
Advisory Board
![Richard Saltzman](https://www.predictap.com/hubfs/Richard-B.-Saltzman-President-and-Chief-Executive-Officer-of-Colony-NorthStar+-+Copy.jpg)
Richard Saltzman
Advisory Board
![Ron Sanders Photo](https://www.predictap.com/hubfs/Ron%20Sanders%20Photo.png)
Ron Sanders
Advisory Board
![Ron Sanders Photo](https://www.predictap.com/hubfs/Ron%20Sanders%20Photo.png)
Ron Sanders
Advisory Board
![Bruce Stangle](https://www.predictap.com/hubfs/Stangle_Bruce_600x431.jpeg)
Bruce Stangle
Advisory Board
![Bruce Stangle](https://www.predictap.com/hubfs/Stangle_Bruce_600x431.jpeg)
![Doug Suliman](https://www.predictap.com/hubfs/Screen%20Shot%202021-02-24%20at%206.50.13%20PM.png)
Doug Suliman
Advisory Board
![Doug Suliman](https://www.predictap.com/hubfs/Screen%20Shot%202021-02-24%20at%206.50.13%20PM.png)
![Tangen-1](https://www.predictap.com/hubfs/Tangen-1.jpeg)
Darren Tangen
Advisory Board
![Tangen-1](https://www.predictap.com/hubfs/Tangen-1.jpeg)
Darren Tangen
Advisory Board
![Kenneth Wong](https://www.predictap.com/hubfs/Kenneth_Wong-090420-8306.jpeg)
Kenneth Wong
Advisory Board
![Kenneth Wong](https://www.predictap.com/hubfs/Kenneth_Wong-090420-8306.jpeg)
PredictAP News
Read about recent customer go lives and other company updates
![](https://www.predictap.com/hubfs/Featured%20Blog%20Image_BRIDGE%20%281%29.png)
PredictAP Customers Win Big at 2024 Digie Awards
PredictAP customers Bridge Investment Group and The RMR Group took to the stage at Realcom…
![PredictAP NexusPayables integration now available](https://www.predictap.com/hubfs/Bottomline_Blog%20Images.png)
PredictAP Now Available for Bottomline Customers Using NexusPayables
PredictAP is proud to announce general availability of its AI-powered invoice coding solut…
![](https://www.predictap.com/hubfs/NEW%20LARGE%20Stephen%20%26%20Tony%20Announcement%20Social.png)
PredictAP Expands Executive Team Following Series A
PredictAP, an AI enabled invoice capture solution for real estate accounts payable (AP), a…