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#115

Routable is ranked #115 in the Accounts Payable Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

Routable Pricing

Based on our most recent analysis, Routable pricing starts at $599 (Monthly).

Price
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Starting From
$599
Pricing Model
Monthly
Free Trial
No

Training Resources

Routable is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Routable:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Routable Benefits and Insights

Why use Routable?

Key differentiators & advantages of Routable

  • Time Efficiency: Automate repetitive tasks such as invoice processing and payment approvals, freeing up valuable time for your finance team to focus on strategic activities.
  • Cost Reduction: Minimize errors and reduce the need for manual intervention, which can lead to significant cost savings in the long run.
  • Improved Accuracy: Ensure data consistency and accuracy by integrating with your existing accounting software, reducing the risk of human error.
  • Enhanced Security: Protect sensitive financial information with robust security measures, including encryption and secure access controls.
  • Scalability: Easily scale your accounts payable processes as your business grows, without the need for additional resources or infrastructure.
  • Better Cash Flow Management: Gain real-time insights into your cash flow, enabling more informed decision-making and improved financial planning.
  • Streamlined Communication: Facilitate seamless communication between your finance team and vendors through a centralized platform, reducing misunderstandings and delays.
  • Customizable Workflows: Tailor workflows to match your specific business processes, ensuring that the software adapts to your needs rather than the other way around.
  • Regulatory Compliance: Stay compliant with financial regulations by maintaining accurate records and audit trails, reducing the risk of penalties.
  • Vendor Relationship Management: Strengthen relationships with vendors by ensuring timely payments and providing them with a transparent view of their transactions.
  • Data-Driven Insights: Leverage analytics and reporting tools to gain insights into spending patterns and identify opportunities for cost optimization.
  • Reduced Paperwork: Transition to a paperless environment, reducing clutter and the environmental impact of your accounts payable processes.
  • Faster Payment Cycles: Expedite payment cycles by automating approval processes, ensuring vendors are paid promptly and maintaining good business relationships.
  • Integration Capabilities: Seamlessly integrate with various financial systems and tools, ensuring a cohesive and efficient financial ecosystem.
  • User-Friendly Interface: Benefit from an intuitive and easy-to-navigate interface that reduces the learning curve and enhances user adoption.

Industry Expertise

Tom Harel and Omri Mor founded Routable with a mission to make corporate payments scalable and straightforward. Routable is a way to guarantee companies meet their financial and accounting needs with the ideal accessories and reliable integrations with Xero, QuickBooks Online and more to save time, boost and innovate operations in financial departments and keep clients the main priority of all businesses.

Synopsis of User Ratings and Reviews

Based on an aggregate of Routable reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

  • Ease of Use: Users praise the platform for its intuitive design and user-friendly interface, making it simple to manage invoices and payments.
  • Integration with Accounting Software: Routable seamlessly integrates with popular accounting software like QuickBooks Online, simplifying reconciliation and reducing manual effort.
  • Automated Bill Creation: The software's optical character recognition (OCR) technology automates bill creation from emailed invoices, saving time and reducing errors.
  • High-Volume Payment Processing: Routable is designed to handle large volumes of payments efficiently, making it suitable for businesses that process numerous transactions.
  • Streamlined Vendor Onboarding: The platform offers a smooth vendor onboarding process, allowing businesses to easily add and manage their vendors.

Cons

  • Transaction Fees: Users have reported additional charges for transactions exceeding $100,000, which could be a significant drawback for businesses with high-value transactions.
  • Limited Credit Memo Functionality: Some users have expressed dissatisfaction with the platform's limitations in approving credit memos, potentially hindering efficient credit management.

Researcher's Summary:

Is Routable a smooth ride or a bumpy road when it comes to accounts payable automation? User reviews from the past year paint a largely positive picture of Routable, highlighting its user-friendly interface, time-saving automation features, and strong integration capabilities. Customers rave about the seamless integration with popular accounting software like QuickBooks Online and NetSuite, which significantly streamlines financial operations. For instance, one user praised Routable's robust APIs for automating payable processes from their custom-built platform. Another user highlighted the smooth transfer of information between Routable and their accounting software, eliminating the need for manual data entry.

However, some users have mentioned encountering occasional "quirks" with the software. Despite these minor hiccups, users generally find them manageable and easily overcome with experience. What truly sets Routable apart, according to users, is its exceptional customer support. Users consistently commend the responsiveness and helpfulness of the support team, emphasizing their ability to provide timely solutions and workarounds. One user shared a positive experience where they received direct assistance from a Routable engineer to resolve integration issues, highlighting the company's commitment to customer satisfaction.

Routable appears to be an excellent choice for businesses of all sizes seeking to automate their accounts payable processes, particularly those already leveraging accounting software like QuickBooks Online or NetSuite. Its user-friendly design, coupled with robust automation and integration features, makes it a valuable tool for streamlining financial workflows and improving overall efficiency. While some minor quirks have been reported, the overwhelmingly positive feedback and emphasis on exceptional customer support make Routable a compelling option for businesses looking to optimize their accounts payable management.

Key Features

  • Bill Importing: Load and input bills, forward them to clients via email and implement application programming interface (API) for large ciphering through the payables module. 
  • Bill Approvals: Tailor approval rules and pick the right approvers for the right bills via the payables accessory. Users may even discuss and chronicle approvals for their archives.  
  • General Ledger Upkeeping: Maintain general ledgers by importing the right settings, oversee transaction activity and perform bank reconciliations with the most current data with the payables tool. 
  • Invoicing: Initiate automatic invoicing, conduct automatic software updates and utilize API for mass invoicing with the receivables appliance. 
  • Client Payments: Accelerate patron boarding, extend pliable payment methods and provide a clear client payment experience through the receivables module. 
  • Transaction Management: Perform two-way accounting in general ledgers while keeping it current with real-time updates via the receivables accessory. 
  • Automated Payment Workflows: Streamline your payment processes with customizable workflows that reduce manual intervention and errors.
  • Multi-Currency Support: Handle international transactions effortlessly with support for multiple currencies, ensuring accurate conversions and compliance.
  • Two-Way Sync with Accounting Software: Seamlessly integrate with popular accounting platforms like QuickBooks and Xero, ensuring data consistency and reducing duplicate entries.
  • Bulk Payment Processing: Save time by processing multiple payments simultaneously, ideal for businesses with high transaction volumes.
  • Secure Vendor Management: Maintain a comprehensive vendor database with secure storage of sensitive information, ensuring compliance with data protection regulations.
  • Custom Approval Workflows: Design approval processes that fit your organizational structure, allowing for multiple levels of authorization and oversight.
  • Real-Time Payment Tracking: Gain visibility into payment statuses with real-time tracking, helping you manage cash flow and vendor relationships effectively.
  • ACH and Check Payments: Offer flexibility to vendors by supporting both ACH transfers and traditional check payments, catering to diverse preferences.
  • API Access for Developers: Leverage Routable’s robust API to build custom integrations and automate workflows tailored to your business needs.
  • Detailed Reporting and Analytics: Access comprehensive reports and analytics to gain insights into your accounts payable processes and make informed decisions.
  • Customizable Notifications: Keep stakeholders informed with customizable email notifications for payment approvals, rejections, and completions.
  • Role-Based Access Control: Ensure security and compliance by assigning specific roles and permissions to team members based on their responsibilities.
  • International Vendor Payments: Facilitate payments to vendors across the globe with support for international banking standards and regulations.
  • Audit Trail: Maintain a detailed audit trail of all transactions and changes, providing transparency and accountability for financial operations.
  • Mobile-Friendly Interface: Access Routable on the go with a mobile-friendly interface, allowing you to manage payments from any device.
  • Custom Branding Options: Enhance your brand’s visibility by customizing payment communications with your company’s logo and colors.
  • Fraud Detection and Prevention: Protect your business with advanced fraud detection tools that monitor transactions for suspicious activity.
  • Vendor Portal: Provide vendors with a self-service portal to view payment statuses and update their information, reducing administrative workload.
  • Flexible Payment Scheduling: Schedule payments in advance to optimize cash flow and ensure timely vendor payments.
  • Comprehensive Support Resources: Access a wealth of support resources, including documentation and customer service, to assist with any issues or questions.

Limitations

No known limitations at this time.

Suite Support

mail_outlineEmail: For email support, users may email [email protected].
phonePhone: Phone support is not available at this time.
schoolTraining: Users may access Routable's Help Center for helpful articles on various topics such as managing their Routable accounts, initiating payment workflows, QuickBooks Integration and more.
local_offerTickets: Ticket support is not available at this time.