Convera Partners with Routable for Enhanced Payment Solutions

Convera's Strategic Partnership with Routable

In the ever-evolving landscape of commercial payments, Convera is making headlines with its new partnership with Routable, a leading accounts payable platform. This collaboration will integrate Convera's extensive global payments network with Routable's innovative AP automation capabilities, paving the way for more efficient, scalable payment solutions for businesses around the globe.

Benefits of the Partnership

By teaming up with Convera, Routable now has access to advanced foreign exchange services and unparalleled expertise in compliance, offering its customers increased flexibility and competitive pricing. This synergy not only enhances Routable's offerings but also represents a major step toward improving the efficiency of financial procedures for organizations operating on a global scale.

Automating Finance Processes

Today's businesses are increasingly focused on minimizing manual workloads through automation. With Routable specializing in automating the accounts payable process, finance teams can significantly reduce complexities involved in invoice handling and reconciliation. Their system enables streamlined payment processes, ensuring that companies can handle both domestic and international transactions seamlessly.

Enhancing Client Experiences

The integration of Convera's services allows Routable to offer even greater client experiences. As Omri Mor, CEO and co-founder of Routable, explained, the selection of Convera stemmed from their robust currency reach, top-notch security, and reliable customer support. This partnership enables Routable to tackle even the most complex payment needs that arise when clients process international transactions.

Unmatched Global Payment Reach

Convera brings to the table a financial network that operates across more than 140 currencies in 200 countries and territories. This extensive reach is crucial for businesses that require local payment options and competitive transaction fees. Routable’s customers can now leverage these benefits, enjoying flexibility in payment methods that can significantly enhance their operational efficiencies.

Seamless Integration

With Convera, the payment solutions become deeply embedded within Routable's existing platform. This means that users can enjoy the benefits of a robust global payments network without disrupting their current workflows. The collaborative efforts aim to not only maintain but also improve the overall user experience, ultimately supporting businesses in their growth.

Commitment to Innovation

Convera has always been dedicated to providing comprehensive payment solutions that cater to the evolving needs of businesses. Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships at Convera, emphasized their excitement in partnering with a forward-thinking organization like Routable. The focus on innovating accounts payable solutions aligns perfectly with Convera's mission to help businesses manage their funds more effectively and securely.

About the Companies

Both companies are recognized as leaders in their respective fields. Routable's platform is designed to automate and simplify accounts payable processes, significantly cutting down the time finance teams spend on manual tasks by 80%. Their strengths lie in deep ERP integrations, configurable workflows, and ensuring compliance through detailed audit trails.

On the other hand, Convera operates as a premier international payments provider, facilitating transactions for over 26,000 clients. Their strengths in risk management and foreign exchange, combined with a broad regulatory footprint, allow Convera to provide businesses with reliable payment solutions that instill confidence.

Frequently Asked Questions

What is the significance of the Convera and Routable partnership?

The partnership allows for improved efficiency and scalability in payment processing, integrating Convera's global payments network with Routable's AP automation platform.

How does Routable automate invoicing?

Routable automates the accounts payable process from invoice receipt to reconciliation, drastically reducing manual tasks for finance teams.

What currencies can clients manage through this partnership?

Clients can manage transactions across more than 140 currencies, taking advantage of favorable rates and local market options.

How does the integration affect existing workflows?

The integration of Convera’s services into Routable’s platform is designed to be seamless, ensuring no disruption to current workflows while enhancing payment capabilities.

Who benefits most from this partnership?

Businesses that require efficient international payment solutions and automated accounts payable processes will greatly benefit, as they can reduce costs and improve transaction speed.

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