Company Research Report: Routable Inc.

Company Overview

• Name: Routable Inc.

• Mission: No specific mission statement provided.

• Founded: No information is available regarding the founding year.

• Founders: Omri Mor and Tom Harel.

• Key People:

• Omri Mor - Co-founder, CEO

• Omri Mor is responsible for Routable’s vision and business strategy and is a serial entrepreneur with a track record of successful exits.

• Tom Harel - Co-founder, CTO

• Tom Harel leads Routable’s technical strategy and product development and has over two decades of experience in data and software engineering.

• Headquarters: No information is available on the headquarters location.

• Number of Employees: No information is available on the number of employees.

• Revenue: No information is available on the company’s revenue.

• Known For: Routable is known for providing accounts payable (AP) automation solutions aimed at expediting invoice processing and payments while complying with internal controls and industry regulations.

Products

Routable offers a range of products designed to streamline and automate accounts payable processes:

Products and Features:

1. Invoice Capture & OCR:

• Reduces manual effort by using AI-powered optical character recognition (OCR) for automatic invoice entry.

2. Approval Workflows:

• Customizable workflows to automate approval processes tailored to organizational needs.

3. Payment Reconciliation:

• Tools for easy reconciliation of payments, providing real-time visibility and tracking.

4. PO Matching:

• Supports 2-way and 3-way purchase order matching to streamline audit processes.

5. Role-Based Access Control:

• Enhances task management by assigning role-specific operations to improve team efficiency.

6. Compliance Management:

• Automates compliance tasks to minimize human error and mitigate risk.

7. Mass Payouts and International Payments:

• Simplifies high-volume global payouts, supporting payments in 220+ countries and territories in140+ currencies.

8. CSV Payments:

• Allows for bulk payments via a single CSV file upload.

9. Vendor Management:

• Comprehensive system for seamless vendor onboarding and compliance checks.

10. Tax Management:

• Automation of W-8/W-9 collection and year-end tax form filing.

11. Developer API:

• A REST API designed to facilitate easy integration and use of Routable’s payment solutions.

Recent Developments

Product Enhancements:

• September 2024:

• Introduction of a new “Payables” table view for more functional and customizable data display.

• Enhanced due date sorting options for imported bills.

• August 2024:

• PO matching for NetSuite, allowing automatic linking of bills with POs.

• Implemented auto logout for inactivity to enhance security.

• July 2024:

• Vendors can now auto-enroll for compliance checks once certain payment thresholds are met.

• Updated line item views in payable details for smoother review and authorization.

• June 2024:

• SAML-based Single Sign-On (SSO) integrated for better security measures.

New Developments:

• September 2024:

• Partnership with Convera to enhance payment services.

• Product Announcements:

• A range of updates in 2024, focusing on vendor management, tax management, PO matching, and security enhancements.

Recent Achievements:

• Routable's CEO, Omri Mor, was recognized as a top Fintech Influencer in 2024.

• Selected by Startup Savant as a top B2B startup to follow.

Partnerships

• Convera: Partnership announced on September 12, 2024, to presumably enhance or expand payment services.

This report provides a comprehensive insight into Routable Inc., focusing on its people, product offerings, and recent developments that cater to modern business requirements in financial technology and accounts payable automation solutions.