Routable
UnclaimedAutomate accounts payable, mass payments, and vendor management for modern businesses.
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TL;DR - Routable
- Automates accounts payable processes including invoice capture, approvals, and reconciliation.
- Facilitates mass payouts and international payments to 220+ countries in 140+ currencies.
- Provides comprehensive vendor management, including onboarding, compliance checks, and tax form filing.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Reduces manual payment tasks by up to 80%
- Offers significant cost savings on international fees (up to 30%)
- Provides high accuracy (99.8%) in data synchronization with ERPs
- Accelerates payment processing, including international payments in 1-3 business days
- Enhances compliance and reduces human error with automated controls
Cons
- Pricing is subscription-based with additional per-transaction fees, which can vary based on payment method and speed
- Implementation can take up to 4 weeks, though payments can start in as little as a week
Key Features
AI-powered OCR for invoice capture and data extractionCustomizable approval workflowsPayment reconciliation with real-time visibility2-way and 3-way PO MatchingRole-based access controlMass payouts via CSV or APIInternational payments to 220+ countries in 140+ currenciesVendor onboarding and management system
Pricing Plans
Growth
$1,250/month
- Unlimited User Seats
- Accounting / ERP Integrations
- Domestic Payments
- International Payments
- Instant Payments
- Up to 1000 vendors included
Scale
Contact us
- Everything in Growth
- Invoice Automation
- Trainable OCR
- PO Matching
- Predictive Coding
- Advanced Approval Workflows
- Up to 3000 vendors included
Enterprise
Contact us
- Everything in Scale
- Invoice Automation
- PO Matching
- Predictive Coding
- Advanced Approval Workflows
About Routable
By Toolradar Team·
Routable is a comprehensive AP automation platform designed to streamline invoice processing, payments, and vendor management. It helps businesses eliminate manual invoice entry with AI-powered OCR, automate approval workflows, and simplify payment reconciliation. The platform supports mass payouts and international payments to over 220 countries in 140+ currencies, offering significant cost and time savings compared to traditional methods.
The platform caters to growing and enterprise-level businesses, including controllers, CFOs, accountants, and developers, by providing tools to reduce operational costs, eliminate mundane tasks, and scale financial operations. Routable emphasizes compliance and control with features like role-based access control, vendor compliance checks, and audit-ready data. It integrates seamlessly with popular accounting software like NetSuite, Sage Intacct, Xero, and QuickBooks, ensuring accurate, real-time two-way data synchronization.
Key benefits include a 30% reduction in costs, 2X faster payments, and improved efficiency in managing a comprehensive supply chain from invoice capture to tax filing. Routable's AI-driven features, such as predictive coding and trainable OCR, aim for touchless invoice processing, allowing finance teams to focus on strategic initiatives rather than administrative tasks.
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Routable FAQ
How does Routable's AI-powered OCR learn and improve its invoice data extraction accuracy for specific vendors or bill layouts?
Routable's OCR technology is trainable. If the initial data capture isn't 100% accurate, users can correct the fields, and the model learns from these corrections. Only 1-5 training sessions per vendor are typically needed, and these learnings are immediately applied to current and future bill coding for that vendor.
What specific types of vendor compliance checks does Routable perform to mitigate fraud and financial risk?
Routable conducts several compliance checks, including OFAC monitoring, TIN (Taxpayer Identification Number) validation, ITIN (Individual Taxpayer Identification Number) validation, and bank account ownership validation to vet and validate vendors and contractors before payments are processed.
Can Routable handle complex approval workflows that go beyond simple dollar amount thresholds, such as multi-departmental or role-specific routing?
Yes, Routable allows for advanced approval workflows designed to fit an organization's unique requirements. While it supports approval rules based on per-payment dollar amounts, the platform is built to adapt workflows to perfectly mirror specific company needs, implying support for more complex, customized routing.
What is the typical implementation timeline for Routable, and what kind of support is provided during this process?
Routable aims for fast implementation, allowing users to start sending payments in as little as a week. The typical full implementation and team training averages 4 weeks. A dedicated implementation lead, backed by a team, project manages the transition, guides configuration, and provides testing support for a seamless deployment.
Does Routable offer any specific features for developers who wish to integrate the payment functionality directly into their own platforms?
Yes, Routable provides a Payments API that makes it easy for developers to send and receive business payments. API access and developer support are included in the platform fee, allowing for deep integration and automation of payment processes within custom applications.
How does Routable ensure the accuracy of its two-way sync with accounting and ERP systems like NetSuite and Sage Intacct?
Routable boasts a 99.8% accuracy rate for its real-time, two-way synchronization with integrated accounting and ERP systems. This ensures that all bill and payment data is consistently up-to-date across both platforms, eliminating data discrepancies and the need for manual reconciliation.
Source: routable.com