About

Routable automates business payments for enterprise and mid-market clients, streamlining accounts payable and receivable processes. The platform manages the entire payment lifecycle, including invoice processing, payment scheduling, and real-time payouts. By using Optical Character Recognition (OCR) technology, Routable can scan invoices and create payables, significantly reducing processing time by 60%. The company generates revenue through subscription fees for platform access and transaction fees for processed payments, partnering with banks to ensure secure fund transfers. Routable prioritizes security with a dedicated team monitoring systems for vulnerabilities, which helps build trust with clients. The company fosters a culture of empathy and inclusiveness, focusing on strong customer relationships and exceptional support.

Simplify's Take

What believers are saying

• Partnership with Convera expands Routable's global reach for cross-border transactions.
• Growing demand for AP automation in logistics presents a market opportunity for Routable.
• AI-driven fraud detection systems enhance Routable's security, reducing payment fraud risks.

What critics are saying

• Increased competition from Flexport's digital freight platform pressures Routable to enhance offerings.
• Boost Payment Solutions' partnership may attract clients away from Routable.
• Rising digital payment fraud tactics require Routable to continuously enhance fraud prevention.

What makes Routable unique

• Routable automates the entire payment lifecycle, reducing manual work significantly.
• The platform uses OCR technology, cutting invoice processing time by 60%.
• Routable's security measures include real-time monitoring and account validation.

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