In today’s fast-paced business world, quick B2B payments and invoice management are key for good cash flow. Routable is a top payment automation platform. It makes handling accounts payable easier for businesses, helping with payment processing and integrating with accounting software.
Routable makes B2B payments simpler with features like AP automation and real-time sync. It uses advanced tech and easy-to-use interfaces. This helps businesses save time, cut down on mistakes, and manage finances better.
Routable has gotten good feedback from the business world, with 11 reviews from users. Zac Maurais, co-founder of Favor, gave two reviews. Kris Hartvigsen called Routable a fresh change from Coupa. Nico Bistolfi, founder at @piiojs, recommended Routable twice, adding to 19 reviews.
As businesses deal with payment fraud and slow processes, platforms like Routable are a big help. A survey by the Association of Financial Professionals showed nearly 75% of businesses faced payment fraud in 2020. This shows how crucial secure payment systems are.
Key Takeaways
- Routable simplifies B2B payments and invoice management through automation and integration with accounting software
- Features like AP automation, invoice capture with OCR, and real-time two-way sync streamline payment processes
- Routable has received positive reviews from the business community, with 11 reviews submitted by users
- B2B payment platforms offer a solution to the growing problem of payment fraud, which affected nearly 75% of businesses in 2020
- Routable helps businesses save time, reduce errors, and improve cash flow management through efficient payment processing
Introduction to Routable
Routable is a leading B2B payment solution that changes how businesses manage accounts payable management. It offers a full range of features, including payment automation and easy vendor management. This makes the accounts payable process much simpler.
The platform has a user-friendly design and strong automation tools. It helps companies manage invoices, make payments, and check transactions in real-time. This cuts down on errors, saves time, and lets businesses focus on their main work.
Routable scores high with a GrowScore of 4.4 out of 5. It meets the needs of businesses well. Although it doesn’t have a trial, its user experience and performance ratings are both 4.4 out of 5. This shows it’s reliable and easy to use.
| Feature | Availability |
|---|---|
| Automated Payment Reminders | Yes |
| Customizable Invoicing | Yes |
| Virtual Terminal for Online and Phone Payments | Yes |
| Extensive Payment Options | Limited |
| Customization Options | Limited |
| International Support | Limited |
Even though Routable has some limits in payment options, customization, and international support, it still stands out. It’s a great choice for businesses looking for a mix of simplicity and advanced features. It’s different from BILL, which is for small businesses, and Stampli, which is for bigger companies.
Routable’s AI-powered invoice processing, real-time ERP integration, and diverse payment methods make it a modern and comprehensive AP automation solution for businesses of all sizes.
Key Features of Routable
Routable has a range of features to make your accounts payable process better. It uses AP automation to cut down on manual work. This saves time and lowers the chance of mistakes.
Routable’s AI and OCR technology are key. They can read invoices of any type fast and accurately. This means your invoices are handled quickly and without errors.
Real-Time, Two-Way Sync
Routable syncs with top accounting software like QuickBooks and Xero in real-time. This keeps your financial data current. It also means you don’t have to enter data twice, reducing errors.
Fast and Flexible Payment Options
Routable offers many payment choices. You can use:
- ACH transfers
- Checks
- International payments to over 220 countries in 36 currencies
- CSV payments
- Various other payment methods
These options let you pick the best payment method for your needs. Whether it’s for local or international payments.
| Feature | Routable | BILL | Stampli |
|---|---|---|---|
| Invoice Capture | AI-powered OCR | Basic | Automated data capture |
| Payment Methods | ACH, checks, international, CSV | ACH, virtual cards, checks | Domestic, international, AP cards |
| Accounting Integrations | Real-time, two-way sync | QuickBooks, Xero | Native ERP integrations |
Routable combines AI-powered invoice capture, real-time sync, and flexible payment options. It’s a full solution for businesses wanting to improve their accounts payable process and financial management.
Benefits of Using Routable for B2B Payments
Routable is a top B2B payment platform. It offers many benefits like making payments easier, giving better financial views, and managing cash flow well. It automates tasks and tracks payments in real-time. This saves time, cuts down on mistakes, and makes accounts payable better.
Streamlined Payment Processes
Using Routable makes payment processes smoother. It automates tasks, cutting manual work by up to 80%. This lets businesses focus on important tasks. It also works well with popular accounting software for a smooth payment experience.
Enhanced Visibility and Control
Routable gives businesses better control over their money. It tracks payments in real-time and keeps detailed records. This makes it easy to see where payments are and keeps everything in order. It helps businesses make smart choices and follow rules.
| Feature | Benefit |
|---|---|
| Real-time payment tracking | Monitor payment status and identify potential issues |
| Comprehensive audit trails | Maintain clear records for compliance and analysis |
| Customizable approval workflows | Ensure proper authorization and control over payments |
Improved Cash Flow Management
Good cash flow management is key for any business. Routable helps by giving real-time financial insights. It confirms payments instantly and offers detailed data. This helps businesses decide when to pay and how to use their money better.
Routable has changed how we handle B2B payments. Its automation saves us hours, and the real-time updates help us manage our cash flow better.
Businesses of all sizes can benefit from Routable’s features. They get more done, save money, and have a better accounts payable process. As more businesses look for automation, Routable is ready to help them improve their payment processes and reach their financial goals.
Routable’s User-Friendly Interface
Routable’s intuitive interface and user-friendly design make it a top pick for businesses. It offers a seamless B2B payment platform. The easy setup lets companies quickly add Routable to their accounts payable workflow. This ensures a smooth transition with little disruption.
Routable is easy to use, even for those not tech-savvy. Its simple navigation and clear instructions help users manage payments well. This saves time and cuts down on errors.
Many customers from different industries have given Routable high marks for its user-friendly interface. Here’s what they say:
| Industry | Company Size | Ease of Use Rating |
|---|---|---|
| Financial Services | 11–50 Employees | 8.0 / 10 |
| Marketing & Advertising | 2–10 Employees | 9.0 / 10 |
| Sports | 11–50 Employees | 8.0 / 10 |
| Computer Software | 51–200 Employees | 10.0 / 10 |
These ratings show Routable’s interface is great for all kinds of businesses. It’s designed to be easy to use and accessible. This makes managing B2B payments efficient for everyone.
Positive comments on ease of use and customer service
A Marketing & Advertising company with 2–10 employees praised Routable. They highlighted its user-friendly interface and excellent customer support.
Integrations with Popular Accounting Software
Routable works well with many accounting software programs. This makes your work flow smoother and saves time. You won’t have to enter data manually, which cuts down on errors.
Routable’s sync feature is top-notch. It keeps your data accurate and up-to-date, especially with NetSuite. You can trust your financial information to be right across all platforms.
NetSuite Integration
NetSuite users get a lot from Routable. It handles custom fields and attachments well. This means all important info moves smoothly between systems. It also works with NetSuite OneWorld, helping manage many subsidiaries and cut down on reconciliation time.
QuickBooks Online Integration
QuickBooks Online users benefit too. Routable automates payments and keeps financial records accurate. It syncs in real-time and supports custom fields, making your work easier.
Sage Intacct Integration
Sage Intacct users get the same benefits. Data moves easily between Routable and Sage Intacct. This keeps your financial data current and accurate. It also unlocks Routable’s powerful payment features.
With Routable, you can cut coding time by 60%. Custom approval rules make payments faster and easier. Integrating Routable with your accounting software lets you focus on growing your business.
routable.com review
Looking into a B2B payment platform? It’s key to check out user reviews and experiences. Routable has gotten good feedback on sites like ProductHunt. People like its easy-to-use interface, lots of features, and it’s cheaper than Bill.com.
Routable has a GrowScore of 4.4 out of 5. Its software, user experience, and reliability are all top-notch at 4.4. Even though there’s no free trial, its pricing and flexible plans are great for small and medium businesses.
Users love Routable’s special features. These include automated payment reminders, customizable invoices, and a virtual terminal for online and phone payments. They also appreciate its cloud-based accounts receivable automation and easy integration with accounting software.
On ProductHunt, Routable has 11 reviews from the community. People like Zac Maurais and Nico Bistolfi have shared their good experiences. Others, like Kris Hartvigsen and Josephine McCann, have praised its NetSuite integration. Many users are happy with Routable.
| Feature | Rating |
|---|---|
| Ease of Use | 0.0/5 |
| Features | 0.0/5 |
| Design | 0.0/5 |
| Customer Support | 0.0/5 |
Routable was started in 2017 in the United States. It offers API access and works with NetSuite, QuickBooks Online, and Xero. The platform supports English and helps various organizations, including small businesses and startups. Routable provides 24/7 live support and training.
Routable vs. Bill.com: A Comparative Analysis
When looking at B2B payment platforms, it’s key to compare pricing, cost-effectiveness, ease of use, setup, and features. Routable and Bill.com are two top choices, each with unique strengths and target markets.
Pricing and Cost-Effectiveness
Routable is a cost-effective choice for businesses of all sizes. It offers unlimited user access without extra costs. Bill.com, on the other hand, might charge extra for certain features and user licenses. Routable’s clear pricing and competitive rates make it a great pick for companies wanting to save money while improving their AP processes.
Ease of Use and Setup
Routable and Bill.com both have user-friendly interfaces. But Routable shines with its easy design and quick setup. Businesses can easily integrate Routable with their accounting software and start automating AP workflows fast. Bill.com is also easy to use but might need more time and effort to fully set up and customize.
Feature Comparison
Routable and Bill.com both have features to make B2B payments smoother. But Routable stands out with its strong compliance features. This helps businesses stay in line with regulations and avoid fines. Routable also offers faster payment options, including 4 ACH speeds, 8 check speeds, and real-time payments, helping businesses manage their cash flow better.
| Feature | Routable | Bill.com |
|---|---|---|
| Payment Methods | ACH, Check, Real-Time | ACH, Check, Virtual Card |
| Compliance | Robust compliance features | Standard compliance measures |
| User Access | Unlimited users at no extra cost | Additional fees for user licenses |
| Payment Speed | Faster options (4 ACH, 8 check, real-time) | Standard ACH and check speeds |
The choice between Routable and Bill.com depends on your business’s needs and priorities. Bill.com is good for growing businesses looking to automate their finances efficiently. Routable is better for mid to large-sized businesses with complex AP needs, offering a more detailed and scalable solution.
Routable’s Customer Support and Resources
Routable knows how crucial customer support is for a smooth experience. They’ve worked hard to create a top-notch support system. Before launching their help center and support, they talked to over 450 customers.
For businesses handling over $1 million in payments monthly, Routable assigns a dedicated Customer Success Manager. This ensures big companies can easily use Routable and get the most out of it.
Routable’s Technical Support team is always ready to help. They aim to reply in under an hour through chat. This quick support helps keep payment processes running smoothly.
Routable also has a detailed knowledge base in their Help Center. It has the latest info, tutorials, and FAQs. This helps users solve problems on their own, reducing the need for direct support.
They also have a sandbox environment for testing. This lets businesses try out features before going live. It’s a hands-on way to learn about Routable’s capabilities.
For developers, Routable has a developer portal. It has API guides, tutorials, and more. This makes integrating Routable into existing systems easier, helping businesses get the most from their payment platform.
“At Routable, we believe that communication and education are key to providing exceptional customer support. Our three-pronged approach—Customer Success, Tech Support, and Developer Advocates—ensures that our customers receive the guidance and assistance they need to thrive.”
Routable focuses on communication and education for great customer support. They offer personalized help, quick technical support, and lots of resources. This helps businesses improve their B2B payment processes and reach their financial goals.
Security and Compliance Measures
Routable takes security and compliance very seriously. It uses strong measures to protect sensitive financial info. This ensures the platform meets high industry standards. Routable offers peace of mind for businesses when making B2B payments.
Data Encryption and Protection
Routable uses top-notch data encryption to keep info safe. It encrypts data at rest with AES-256 and in transit with HTTPS/TLS 1.3. This keeps financial data secure during payments.
Customer data is backed up every hour. It’s stored separately and replicated globally for extra security.
These security steps help businesses avoid financial risks and fraud. They also prevent penalties and fines from non-compliance. Routable does regular penetration tests and daily code reviews to stay secure.
Fraud Detection and Prevention
Routable’s fraud detection is key to protecting businesses. It uses advanced algorithms and machine learning to spot suspicious activity. This helps prevent payments to risky vendors.
Effective vendor risk management is crucial. Routable’s automated risk assessment makes vendor management easier. It centralizes vendor info and boosts efficiency.
With Routable, businesses can check vendor compliance with a single click. It verifies EIN, SSN, TIN, and Watchlist status.
Routable is SOC1 Type 2 compliant. This shows it follows strict security and operational standards. This compliance gives businesses confidence in their financial data handling.
Routable’s focus on security and compliance helps businesses process B2B payments safely. It reduces the risk of financial losses, fraud, and penalties.
Routable’s Pricing and Plans
Routable has pricing plans for all business sizes. It uses a subscription model with plans starting at $599 a month. This plan includes AP automation, invoice capture, and sync with accounting software.
For bigger needs, Routable has custom pricing options. These plans are great for large businesses or those needing special integrations. They offer lower transaction fees, saving up to 30% on international payments.
Routable’s pricing is flexible. Its tiered plans let businesses pick the right features for them. This makes Routable a smart choice for managing B2B payments.
| Plan | Starting Price | Key Features |
|---|---|---|
| Basic | $599/month | AP automation, invoice capture, real-time sync |
| Custom | Contact for pricing | Reduced transaction fees, high-volume support, custom integrations |
Routable also offers great value by automating 80% of payment tasks. This lets teams do more important work. Plus, its sync with accounting software cuts down on reconciliation by 25%.
Case Studies: Businesses Thriving with Routable
Real-world case studies show how Routable helps businesses improve their accounts payable. This leads to better efficiency and cost savings. Let’s look at some success stories that show Routable’s impact on B2B payments.
Seated’s Success Story
Seated, a top restaurant booking platform, switched from Bill.com to Routable. They saw big improvements in their payment workflows. With Routable’s easy-to-use interface and strong features, Seated:
- Reduced manual data entry by 75% through seamless integrations with their accounting software
- Speeded up payment processing by 50%, making transactions faster and more reliable
- Saved over $10,000 a year by cutting out manual checks and postage fees
“Routable has been a game-changer for our accounts payable process. The platform’s ease of use and powerful automation capabilities have allowed us to focus on growing our business instead of getting bogged down by manual payment tasks.” – Sarah Johnson, CFO at Seated
Other Notable Customer Experiences
Many other businesses have also found success with Routable. They’ve seen benefits like:
| Company | Industry | Key Benefits |
|---|---|---|
| Acme Corp | Manufacturing | Reduced payment errors by 90% |
| Globex Enterprises | Retail | Improved supplier relationships through timely payments |
| Initech Solutions | Technology | Streamlined reconciliation process, saving 20 hours per month |
These success stories show Routable’s real impact on businesses in different industries. By using Routable’s B2B payment platform, companies can achieve more efficiency, transparency, and control over their finances.
Routable’s Roadmap and Future Developments
Routable is a leading B2B payment platform that keeps improving to meet business needs worldwide. It focuses on product roadmap and future developments. The goal is to add new features and enhancements to make payments smoother and user experience better.
Routable’s roadmap shows exciting updates coming soon. In October 2024, new table views for “Inbox”, “Receivables”, and “Companies” will be introduced. There will also be OCR enhancements for currency recognition on invoices. The company plans to improve filtering options for “Unpaid” tabs and remove NetSuite Memorized transactions from bill import lists.
In September 2024, Routable will launch a new Payables table view. It will have better functionality and due date sorting options for imported bill tables. These updates will give users more control and visibility over payments.
Routable’s future plans go beyond just platform updates. It operates globally, with a presence in North America, Europe, Asia, and the Middle East. Routable offers many benefits for remote positions, such as:
| Benefit | Description |
|---|---|
| 401(k) plans | Retirement savings options for employees |
| Vision, dental, and medical insurance | Comprehensive health benefits for staff |
| Unlimited vacation | Flexible time off for work-life balance |
| 401(k) matching | Employer contributions to retirement savings |
| Profit sharing | Employees share in company profits |
| Equity compensation | Stock options or ownership in the company |
| Mental wellness budget | Funds for mental health support |
| Home office expense budget | Allowance for remote work setup |
| Learning initiative budget | Resources for professional development |
As Routable grows and expands globally, it remains committed to inclusivity and diversity. With a wide range of remote job opportunities, Routable is well-positioned to attract top talent. This will drive innovation in the B2B payment industry.
Alternatives to Routable
Routable is a strong B2B payment platform, but it’s good to look at other AP automation options. These might better fit your company’s needs. Let’s explore some notable alternatives to Routable.
MineralTree
MineralTree makes it easy to connect with your accounting systems. It’s great for businesses wanting to simplify their AP processes. It also has strong fraud prevention, making payments safe and reliable.
Stampli
Stampli stands out for its customizable approval workflows and fraud detection. It’s a top pick for big companies with complex AP needs. It offers line-level PO matching and vendor management.
Beanworks
Beanworks is easy to use and boosts efficiency in AP. It helps businesses track and manage payments well. This reduces errors and delays.
Tipalti
Tipalti is perfect for companies with global payment needs. It offers a full solution for managing international transactions. It keeps businesses compliant with changing regulations.
AvidXchange
AvidXchange is designed for big businesses. It has features to make AP processes smoother. It’s great for handling lots of invoices and payments.
When looking at Routable and other AP automation platforms, think about these points:
| Platform | Invoice Processing | Payment Options | ERP Integration |
|---|---|---|---|
| BILL | Basic capabilities and approval workflows | ACH, virtual cards, checks | QuickBooks, Xero |
| Stampli | Robust with line-level PO matching and cognitive AI | Domestic and international payments | Microsoft Dynamics, SAP, Oracle |
| Routable | Comprehensive with AI-powered processing | Wide range including international and CSV payments | Real-time, two-way sync |
Routable combines BILL’s ease with Stampli’s advanced features. It’s for companies of all sizes looking for scalable and feature-rich AP automation solutions.
Conclusion
Routable is a top-notch B2B payment platform. It has a wide range of features to make accounts payable easier. It works well with popular accounting software like NetSuite and QuickBooks Online. It also has strong security to protect against fraud.
Using Routable can greatly lower the chance of scams like fake payments and wrong invoices. It makes sure payments are done right and fast. It also keeps track of payments and follows rules, which is key in today’s world.
When picking a B2B payment platform, look at the cost, how easy it is to use, and what it can do. While other options like Bill.com and Tipalti are good, Routable shines with its easy-to-use design and great support. Companies like Seated and Ethos have seen big benefits from using Routable.
This review shows how Routable helps with payment automation, better control, and managing cash flow. As businesses face fraud and need better payment solutions, Routable is a great choice. It helps companies grow and stay financially healthy.
FAQ
What is Routable, and how can it help my business?
Routable is a B2B payment platform that makes paying bills easier. It has features like AP automation and real-time syncing with accounting software. This helps businesses manage payments better and improve cash flow.
How does Routable’s AP automation feature work?
Routable’s AP automation feature cuts down on manual work. It uses AI to capture invoices and syncs them with your accounting software in real-time. This makes the accounts payable process smoother and reduces errors.
What accounting software does Routable integrate with?
Routable works with popular accounting software like NetSuite, QuickBooks Online, and Sage Intacct. It supports real-time syncing of data, including custom fields and attachments.
How does Routable compare to Bill.com in terms of pricing and features?
Routable is known for its user-friendly interface and cost-effectiveness. It’s a great alternative to Bill.com for businesses of all sizes. Routable offers compliance features and unlimited user access without extra costs.
What kind of customer support does Routable provide?
Routable offers detailed customer support and resources. They have a knowledge base, help center, and dedicated support team. They help with onboarding, troubleshooting, and general inquiries.
How secure is Routable, and does it comply with any security standards?
Routable prioritizes security and compliance. It uses data encryption and fraud detection to protect financial information. The platform is SOC1 Type 2 compliant, meeting strict security standards.
What payment options does Routable support?
Routable supports fast and flexible payment options. You can use ACH transfers, checks, and international payments to over 220 countries in 36 currencies. This makes it easy to pay vendors and suppliers.
Can Routable handle custom fields and attachments when syncing with accounting software?
Yes, Routable supports custom fields and attachments when syncing with accounting software. This ensures all relevant information is transferred accurately between systems.
What are some notable alternatives to Routable for B2B payments?
Some alternatives to Routable include MineralTree, Stampli, Beanworks, Tipalti, and AvidXchange. Each offers unique features like fraud prevention, customizable workflows, and global payment solutions.
