Routable
Routable is a powerful AP automation platform that transforms payables for modern companies. It intelligently handles invoices, approvals, and payments, syncing flawlessly with your accounting system to boost efficiency, slash errors, and simplify vendor and tax management.
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Introduction
What is Routable?
Routable is a fintech solution built to modernize and automate accounts payable tasks, catering to companies from startups to large enterprises. It replaces tedious manual data entry with intelligent OCR technology, automates complex approval chains, and facilitates both domestic and international mass payments with instant reconciliation. By integrating smoothly with leading accounting systems, Routable drives operational excellence, minimizes mistakes, and upholds strict compliance standards throughout vendor management, payment execution, and tax handling.
Key Features
Intelligent Invoice Data Capture
Leverages advanced OCR to automatically pull data from invoices, removing the need for manual input and speeding up the billing cycle.
Flexible Approval Systems
Allows for the creation of multi-stage or simultaneous approval routes designed to fit a company's specific structure and policies.
Batch & Global Payment Processing
Empowers businesses to handle large volumes of payments efficiently, both domestically and internationally, with favorable exchange rates and low fees.
Seamless Accounting Synchronization
Achieves 99.8% sync accuracy with major platforms including QuickBooks Online, Xero, Sage Intacct, and Oracle Netsuite, ensuring data consistency.
Streamlined Vendor Setup & Compliance
Simplifies the process of adding new vendors through automated checks, electronic tax form collection, and compliance validation.
Automated Reconciliation & Tax Reporting
Effortlessly matches payments with corresponding accounting entries and manages tax documentation for all transactions, domestic and global.
Use Cases
Finance Process Automation : Finance departments can significantly cut down on manual tasks by automating the entire invoice-to-payment lifecycle, including approvals.
Efficient Vendor Operations : Operations teams can swiftly onboard, validate, and maintain vendor relationships while ensuring all regulatory requirements are met.
International Business Expansion : Companies operating globally can execute cross-border payments with ease, benefiting from efficient currency handling and minimized transaction costs.
Unified Accounting Management : Accounting teams gain from precise, real-time data synchronization that makes closing periods and generating reports straightforward.
High-Volume Payment Scaling : Enterprises can effortlessly grow their payment volume from a few hundred to hundreds of thousands without a corresponding increase in administrative burden.
