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PredictAP has revolutionized the invoice processing system, providing a seamless and efficient solution for the accounts payable team. …
Overview
What is PredictAP?
PredictAP is an AI-powered invoice capture solution purpose-built for real estate accounts payable. It saves time by eliminating manual data entry from invoice ingestion and coding, and integrates with AP automation solutions focused on real estate. PredictAP uses historical invoice…
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What is PredictAP?
PredictAP is an AI-powered invoice capture solution purpose-built for real estate accounts payable. It saves time by eliminating manual data entry from invoice ingestion and coding, and integrates with AP automation solutions focused on real estate. PredictAP uses historical invoice data…
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What is PredictAP?
PredictAP is an AI-powered invoice capture solution purpose-built for real estate accounts payable. It saves time by eliminating manual data entry from invoice ingestion and coding, and integrates with AP automation solutions focused on real estate.
PredictAP uses historical invoice data and AI to identify coding patterns, and ingests, indexes, and codes invoices during upload, helping real estate AP organizations scale team capacity, boost compliance and visibility, and reclaim valuable time.
PredictAP Features
Payment Management Features
- Supported: Duplicate Bill Detection
- Supported: Advanced OCR
Additional Features
- Supported: Invoice ingestion and coding
- Supported: AP Automation integration
- Supported: Invoice upload via dedicated email inbox
PredictAP Video
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PredictAP Integrations
PredictAP Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
| Supported Countries | North America |
| Supported Languages | English |
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(6)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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PredictAP has revolutionized the invoice processing system, providing a seamless and efficient solution for the accounts payable team. Users have praised the software for its ability to automate the entire process, saving them valuable time and reducing manual errors. By seamlessly connecting with accounting software, PredictAP has significantly improved the efficiency of the accounts payable system, eliminating the need for manual data entry.
One key use case of PredictAP is its AI technology's adaptability and capability to learn from changes or corrections made to invoices. This feature has proven to be invaluable in streamlining the AP process, as it allows the system to continuously improve and optimize invoice processing. This innovation has helped in standardizing the invoice ingestion process and enhancing controls and automation in AP management.
Another notable benefit of PredictAP is its ability to eliminate the need for manual filing of invoices. By digitizing and automating this process, PredictAP has not only saved time but also improved turnaround time for processing invoices. Additionally, users have praised the software for its exceptional customer service and ease of onboarding and training.
Moreover, PredictAP has made the job of AP teams more dynamic by freeing up their time to focus on investigation and ensuring invoices are billed correctly and paid on time. The software provides visibility into workflows and improves data continuity, ultimately reducing the need for reclassing invoices.
Overall, PredictAP has successfully transformed invoice processing by reducing manual workload, improving efficiency, and maintaining consistent performance in AP departments. Its ability to integrate with various accounting systems seamlessly makes implementation hassle-free for businesses. The remarkable AI technology behind PredictAP has delivered on its promises according to user experiences.
Time-saving: Many users have stated that PredictAP saves a significant amount of time in the accounts payable process. They appreciate how it reduces manual effort and streamlines the entire AP workflow, allowing them to focus on other tasks.
Efficient invoice processing: The ability to upload invoices directly into the accounting software is highly valued by users. This feature eliminates the need for manual downloading and uploading of PDFs, resulting in a great time-saving benefit.
Intuitive user interface: The user interface of PredictAP has received high praise from reviewers. Described as clean, easy to use, and intuitive, it allows users to navigate through the system effortlessly and perform their tasks efficiently.
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Accuracy of Predict: Users have expressed frustration with the accuracy of Predict, stating that it often gets invoices wrong and fails to provide all the required information. Some users compare it to a new employee who never progresses beyond the first day.
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Lack of detailed delivery failed messages in PredictAP: Some users have mentioned the need for more detailed delivery failed messages in PredictAP, as it can be difficult to determine the issue without contacting the HelpDesk.
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Limited capabilities of PredictAP for handling large GC invoices: Users have found that PredictAP is not suitable for handling large GC invoices with sworn statements, lien waivers, and other complex documents.
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
February 27, 2023
Coding in seconds
Score 10 out of 10
Vetted Review
Verified User
We utilize PredictAP to automate the ingestion of invoices into our payable process. PredictAP fully codes our invoices utilizing machine learning and AI.
- Reduces our payable process from days to minutes
- readily available historical records and vendor history
- turns our AP process from an administrative function to a review function
- ability to self administer
N/A
N/A
90%
9.0
- has reduced actual time spent on coding by 50%
- has eliminated the number of touches and forwards of invoices
- reduced the full AP process to minutes from days
February 24, 2023
A product/company that delivers on its promises? Yes, it exists! It's called PredictAP.
Score 8 out of 10
Vetted Review
Verified User
We use PredictAP to read invoices and enter the data into our Yardi property management software. Rather than scan the invoice and then manually enter the data again like we used to do with PayScan, the team now just forwards the invoice to an email address, and 30 seconds later the information appears in a newly-created IR in Yardi.
- Creating invoices in Yardi
- Coding invoices in Yardi
- Identifying suspected duplicate invoices
- Daily digest of emails submitted by a user. There is currently one for the whole organization, but users just want to see their own broken out.
- When invoices go into Yardi, the "created by" field should be the user's name who submitted, rather than "PredictAP". Would make searching in Yardi easier.
N/A
N/A
85%
8.5
- Too soon to tell. We are still in trial phase.
This isn't really all that similar to PredictAP, as it is not a technology solution (yet). It's just an outsourcing of labor to a cheaper third-party supply. We like PredictAP because it is a technology solution where the AI capabilities grow with us over time.
January 20, 2023
PredictAP saves time on the front end of the AP Process
Score 8 out of 10
Vetted Review
Verified User
We deal with a large number of invoices spread over 35 assisted living communities and it was very time-consuming to key-punch all of that data each month. With the repetitive nature of some of these invoices, PredictAP reduced time spend on the keypunching of data in the first month of use. And that time savings increased as the system "learned" out AP coding
- Inputting data such as Vendor, Invoice Number, Invoice Amount & AP coding
- PredictAP charges based on invoices that are uploaded to their system. But that doesn't necessarily result in those invoices being pushed over to our accounting system due to duplicate invoices or other reasons.
N/A
N/A
50%
5.0
- Our focus was on time-saving on the AP input side and we have experienced that savings.