by Andrew Ruhland

PredictAP, an AI-powered invoice coding solution for real estate accounts payable (AP), today announced it has been named Innovative Solution of the Year by Ardent Partners at the 2024 AP Honors ceremony. The AP Honors recognize organizations that have excelled in the accounts payable industry. 

Since its inception in 2020, PredictAP has been transforming the real estate industry by automating the processing and categorizing of invoices for accounting teams. The company’s solution mitigates the inaccuracies of manual data entry by leveraging machine learning software, empowering accounting departments to focus on strategic business goals while safeguarding NOI. 

“I’m very proud of the PredictAP team, and we are excited to be recognized with an esteemed AP Honors award,” said David Stifter, chief executive officer and founder of PredictAP. “Our top priority is to listen to our customers and understand their needs so we can continue to bring them a solution that delivers real value every day.”

Additionally, Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager, was presented the Technology Excellence award for its implementation of PredictAP’s product. After a short integration period, PredictAP helped the company drastically reduce its processing times and touches per invoice, improving accuracy and productivity for its teams.

“We are thrilled to have been named Innovative Solution of the year by Ardent Partners, but we are equally happy for Bridge Industrial,” said Russel Franks, president and co-founder of PredictAP. “Seeing Bridge receive the Technology Excellence award reaffirms our product’s effectiveness and its undeniable impact on AP processing for our customers.”

With an expanding client base, PredictAP’s product is used by over 70 real estate organizations, including renowned companies like Bridge Investment Group, Garden Homes and Related Group. PredictAP integrates seamlessly with industry-leading AP workflow automation solutions, delivering massive cost savings and increased efficiency to multifamily operators.