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Routable

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Automate accounts payable, mass payments, and vendor management for modern businesses.

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Reviews onCapterra
7 reviews tracked

The Bottom Line

Entry price

Paid plans only

Biggest pro

Reduces manual payment tasks by up to 80%

Biggest con

Pricing is subscription-based with additional per-transaction fees, which can vary based on payment method and speed

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
5.0/5 across review platforms

What is Routable?

Editorial review
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.

Available on: Web

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

Ratings Across the Web

5(7 reviews)

Ratings aggregated from independent review platforms. Learn more

Preview

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

Reviews

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5.0/5

Across 7 verified user reviews on Capterra

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Routable FAQ

How does Routable streamline invoice processing for businesses?

Routable streamlines invoice processing by leveraging AI-powered OCR to eliminate manual invoice entry and automating approval workflows. This approach aims for touchless invoice processing, allowing finance teams to focus on more strategic tasks.

Which teams within an organization benefit most from using Routable?

Controllers, CFOs, accountants, and developers within growing and enterprise-level businesses benefit most from Routable. The platform provides tools to reduce operational costs, eliminate mundane tasks, and scale financial operations efficiently.

How does Routable's approach to international payments compare to traditional methods?

Routable supports mass payouts and international payments to over 220 countries in 140+ currencies, offering significant cost and time savings compared to traditional methods. It accelerates payment processing, including international payments, typically within 1-3 business days.

What kind of integrations does Routable offer for existing accounting systems?

Routable integrates seamlessly with popular accounting software such as NetSuite, Sage Intacct, Xero, and QuickBooks. These integrations ensure accurate, real-time two-way data synchronization for financial operations.

How is Routable priced?

Routable is a paid product with a subscription-based pricing model. There are additional per-transaction fees that can vary depending on the chosen payment method and the speed of the transaction.

How does Routable enhance compliance and control for financial operations?

Routable enhances compliance and control through features like role-based access control, vendor compliance checks, and audit-ready data. These tools help reduce human error and ensure financial operations adhere to regulatory requirements.

Source: routable.com

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