PredictAP
PredictAP is an AI-powered invoice capture solution for Real Estate Accounts Payable, automating invoice ingestion, indexing, and coding to reduce processing time and increase capacity without additional hiring.
PredictAP Services
PredictAP offers an AI-powered invoice capture solution aimed at real estate accounts payable (AP). The service automates invoice ingestion, indexing, and coding through machine learning, known as Intelligent Invoice Capture™. PredictAP provides features like enhanced error detection, scalable cloud architecture, and direct API integration to ensure seamless data sync. The company’s solution also enables hands-free invoice coding which removes the need for manual data entry, while maintaining high security standards as evidenced by their SOC 2 Type II certification. Their services are designed to work with existing AP automation systems, eliminating the need for custom development.
PredictAP Founders
PredictAP was founded in early 2020 by Russell Franks and David Stifter. The founding team brings a wealth of engineering expertise from top companies such as Apple, Google, HubSpot, and Datadog. This strong technical foundation has guided the development of PredictAP's leading-edge AI-powered invoice capture solution.
PredictAP Integration
PredictAP integrates seamlessly with industry-leading AP workflow automation solutions such as Yardi PayScan and Nexus. The platform’s direct API integration allows for quick and easy data synchronization, making it compatible with clients' existing systems. PredictAP’s centralized invoice queue enables users to process, search, filter, and review invoices all in one place. This ease of integration makes the solution highly adaptable for various real estate verticals.
PredictAP Efficiency Improvements
Using PredictAP can significantly increase the efficiency of invoice processing. On average, the solution reduces invoice processing time from 11 to 3 days, and increases processing capacity by 2-5 times without additional hiring. The platform offers real-time flagging of duplicates and inconsistencies, contributing to error reduction and enhanced operational efficiency. Additionally, PredictAP preserves 'tribal knowledge' around invoice coding, storing it in systems for future reference rather than individual memory.
PredictAP Funding and Recognition
PredictAP raised $8 million in Series A funding in January 2024, further solidifying its growth trajectory. The company has been recognized as a High Performer in AP Automation and Invoice Management in G2's Spring 2023 Reports. This recognition highlights the solution’s efficacy and the high level of satisfaction among its users in the real estate sector.