What is Routable?
Routable provides a comprehensive accounts payable automation solution designed to streamline financial operations for businesses. The platform leverages AI-powered OCR technology to eliminate manual invoice entry, enabling users to create bills in seconds. It offers customizable approval workflows that adapt to an organization's unique requirements, along with sophisticated payment reconciliation tools that provide real-time visibility during month-end closes.
The platform supports mass payouts and international payments to over 220 countries in 140+ currencies, with features like CSV uploads for efficient bulk processing. Routable includes a vendor management system with branded onboarding, tax form management, and compliance checks to mitigate fraud risk. Integration capabilities with accounting systems like NetSuite and Sage Intacct ensure accurate two-way data synchronization for seamless financial operations.
Features
- Invoice Capture & OCR: AI-powered optical character recognition eliminates manual invoice entry and creates bills in seconds
- Approval Workflows: Customizable automated approval processes designed to fit organizational requirements
- Payment Reconciliation: Sophisticated tracking tools with real-time visibility for month-end close
- International Payments: Support for payments to 220+ countries in 140+ currencies with 1-3 business day processing
- Vendor Management: Complete system for onboarding, tax form management, and compliance checks
- Mass Payouts: High-volume payment processing for hundreds to thousands of monthly payments
- Accounting Integrations: Two-way sync with systems like NetSuite and Sage Intacct with 99.8% accuracy
- Compliance Controls: Automated controls for risk mitigation and regulatory compliance
Use Cases
- Automating accounts payable processes for growing businesses
- Streamlining international B2B payments across multiple currencies
- Managing vendor onboarding and compliance for marketplaces
- Reducing manual payment reconciliation tasks for accounting teams
- Processing high-volume payouts for gig economy platforms
- Implementing customized approval workflows for financial controls
- Integrating AP automation with existing ERP systems
- Automating tax form collection and filing for vendors
FAQs
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How does Routable pricing work?
Routable customers pay a monthly subscription fee for platform access plus per-transaction fees that vary based on payment method and speed. -
Do vendors need to create a Routable account to receive payments?
No, vendors do not need to create a Routable account to receive payments. -
What payment methods are supported on the platform?
ACH, Check, and Real-Time Payments are currently supported. -
Does it cost more to send payments faster?
Yes, additional costs are incurred based on transaction speed across the 13 different payment speeds available. -
Can users set up approval rules?
Yes, approval rules can be set up based on per-payment dollar amounts.
