PredictAP, Inc.

If you want to ensure #POcompliance, you need to implement PO flexibility first. Read more: https://hubs.la/Q02Y7fDz0

Check out our latest blog on how PredictAP, Inc.is transforming accounts payable processes in the real estate industry. Discover how their AI solution automates invoice coding and data ingestion, helping firms improve efficiency and reduce errors. Read more here: https://bit.ly/3YJFebt #RealEstateAutomation #AIPowered #EfficiencyInRealEstate

Who's in NYC for #CRETech? 🙋♀️ 🙋♂️ Our fearless sales leader Stephen Farrell is there and would love to meet you - come say hi!

Check out our latest blog on how PredictAP, Inc.is transforming accounts payable processes in the real estate industry. Discover how their AI solution automates invoice coding and data ingestion, helping firms improve efficiency and reduce errors. Read more here: https://bit.ly/3YJFebt #RealEstateAutomation #AIPowered #EfficiencyInRealEstate

We're excited to announce that PredictAP is a finalist for Innovative Solution of the Year at the 2024 Ardent Partners AP Honors Awards!

We're excited to announce that Caroline Boyden and Kadene Buchanan have joined the PredictAP team! Welcome on board - we're so happy you're here! 🎉

The true value of #AI lies in automating mundane, everyday tasks that steal time (and energy) away from more important work. Here's PredictAP CEO David Stifter with some additional thoughts:

🏛 PredictAP, Inc. is an AI-powered invoice capture platform to codify tribal knowledge and modernize software tooling in a traditionally “offline” real estate industry 🏛 It's W5 / Q4 / 2024 & this week in our MGMT Boston startup series we’ve got PredictAP, a team building the product they wished they had reconciling invoices, tax IDs, and payment flows to help real estate managers better allocate resources and capture efficiencies. Founder & CEO David Stifter worked for Colony Capital for almost 20 years and is an accountant by background (having studied locally at BU). He became an in house real estate technology leader and led a major ERP integration to Yardi, the industry standard real estate accounting software. His career was advancing. The migration went smoothly. Then Chrissa, who was a key player in Colony Capital’s AP process, retired (with her institutional knowledge). Colony ($43B in assets) moved a lot of money around and had an internal system that helped them reconcile payments, approvals, and invoicing through a complex ownership structure. Accounting rules vary depending on whether a property in their portfolio was a multi-family asset or an industrial asset. AP isn’t glamorous, but you can imagine the complexity as it relates to cash flows, invoicing, tracking, etc. So when Chrissa retired, poof! A lot of context went missing. David & his team built an internal “invoice coding system” tool and, a couple years later, David bought out the rights to the internal tool with his partner Russell Franks to build a proper technical infrastructure and see if this tool could help real estate managers more broadly. A year later the product was ready, and PredictAP hit the market running in 2021 to solve a very specific pain point: properly coding multi-line real estate invoices. So real estate teams can spend more time in the facility and less time manually updating spreadsheets and reconciling data. Today they have 80+ customers and can show clear 4-5x ROI on the time savings, let alone the resiliency they are building. The platform processes nearly 3M invoices annually, demonstrating its scalability. In November of 2023 they closed their $8M Series A and are on track to grow from six figures to mid seven figures of ARR in 2024. They expect to close the year at over 100% revenue growth and have seen existing customer revenue growth grow by 25%. With a team of ~20 employees, PredictAP is positioned at the intersection of real estate, accounting, and AI technology as a crucial player in the real estate accounting technology stack. Operators to Know (Locally): -Greg Achenbach, VP of Product -Kristina D., Software Engineer -Ethan Neidhart, Software Engineer -Ali Noel, Director of GTM Enablement -Tony Scalese, VP of Customer Success -Emma D Whitman, MPH, Product Manager If you're interested in learning more, the full post is linked in the comments And sign up for the newsletter to see who we bring you in the weeks ahead!

Centralization + automation = smoother operations and happier property management teams. Watch as PredictAP CEO David Stifter and Demetrios Barnes discuss how this winning combo boosts efficiency and helps your employees spend more time on what really matters. ⬇️ #CRE #Centralization #Automation #OPTECH

Who's attending #OPTECH? Tonight, we're hosting an after party with SuiteSpot and Travtus at Public House (right next to the conference center). Join us there at 6:15!