Routable is a B2B payments platform that enables businesses to streamline and automate their accounts payable processes. Routable offers a secure solution for sending and receiving business-to-business payments at scale. The platform allows companies to automate their entire payment workflow, from invoice receipt to settlement, reducing manual tasks and increasing operational efficiency. Routable's API-driven infrastructure enables businesses to build custom payment solutions within minutes. The platform supports various payment methods, including ACH, real-time payments (RTP), and international transfers. The platform is designed to handle mass payouts while maintaining security and compliance standards and offers real-time two-way synchronization with accounting software like NetSuite, further streamlining financial operations for its clients.
In May 2022, Routable launched Real-Time Payments (RTP) capability, allowing businesses to securely pay vendors and contractors within seconds. In July 2022, Routable expanded its offerings by introducing Cross-Border Payments, enabling businesses to pay vendors and contractors across more than 220 countries and territories. The solution supports multiple payment methods and speeds, including International ACH and SWIFT transfers.
Key customers and partnerships
Routable caters to a diverse range of industries, with a particular focus on companies in the gig economy and marketplace spaces, including Garmentory, an online marketplace for independent boutiques and designers and Insparisk, a company specializing in safety inspections and risk management.
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