Boston-based PredictAP secures $8m in series A round funding intended to fuel continued growth for our AI-powered invoice ingestion and coding solution.
The round was led by leading real estate technology venture capital firm RET Ventures, with additional participation from Wise Ventures.
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The only automated AP solution that performs both invoice ingestion and coding, PredictAP reduces the amount of time needed to process each invoice by 80-90%. PredictAP’s machine learning-powered solution also improves the accuracy and consistency of invoice coding.
The platform integrates easily with Yardi, the largest property management software, providing users with an end-to-end AP workflow automation solution that results in significant time and cost savings for the AP process.
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PredictAP CEO David Stifter said, “Removing manual data entry from the front end of AP relieves a significant source of pain for real estate companies, —a pain that had persisted without an adequate solution. “The market offered no good solution that also catered to real estate or could be easily implemented. We built PredictAP to solve this specific issue while offering seamless implementation to offer maximum impact with minimal effort.”
The fintech solution is utilized by major real estate companies including Bridge Investment Group, Garden Homes,The RMR Group, Starwood, and CA Ventures.
About PredictAP
The top AI-powered invoice coding solution made especially for the real estate industry is called PredictAP. PredictAP offers fully coded invoices that are prepared to go through current AP automation workflows, in contrast to OCR and indexing services.
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