Convera and Routable Join Forces
In the rapidly changing world of commercial payments, Convera has made a significant move by partnering with Routable, a top accounts payable platform. This collaboration aims to combine Convera's extensive global payment network with Routable's innovative automation features, leading to more efficient and scalable payment solutions for businesses worldwide.
Advantages of the Partnership
By joining forces with Convera, Routable gains access to advanced foreign exchange services and outstanding compliance expertise, providing customers with greater flexibility and better pricing. This partnership not only boosts Routable's capabilities but also marks a significant step in streamlining financial processes for organizations that operate globally.
Streamlining Financial Processes
Today’s businesses are all about reducing manual work through automation. With Routable focusing on automating accounts payable, finance teams can simplify the complexities tied to handling invoices and reconciling accounts. Their system promotes efficient payment processes, allowing companies to manage both domestic and international transactions effortlessly.
Improving Client Experiences
The integration of Convera’s services enables Routable to enhance its client experiences significantly. As Omri Mor, CEO and co-founder of Routable, noted, the decision to partner with Convera was driven by their extensive currency reach, top-tier security, and dependable customer support. This collaboration equips Routable to meet even the most complicated payment challenges faced by clients processing international payments.
Extensive Global Payment Reach
Convera boasts a financial network that spans over 140 currencies in 200 countries and territories. This kind of reach is essential for businesses that need to offer local payment options and competitive transaction fees. Thanks to this partnership, Routable’s clients can benefit from increased flexibility in payment methods, significantly boosting their operational efficiency.
Easy Integration
The payment solutions provided by Convera will be seamlessly integrated into Routable’s existing platform. As a result, users will experience the advantages of a robust global payments network without any disruptions to their current workflows. The goal of this collaboration is not just to maintain but to enhance the overall user experience, helping businesses grow and thrive.
Focus on Innovation
Convera has a long-standing commitment to delivering comprehensive payment solutions that adapt to the changing needs of businesses. Julie Armstrong, the VP and General Manager of Global Head of Industry Solutions & Partnerships at Convera, expressed excitement about collaborating with a forward-thinking company like Routable. Their shared goal of innovating in accounts payable aligns perfectly with Convera's mission to help businesses manage their finances more effectively and securely.
About the Companies
Both Convera and Routable are acknowledged leaders in their fields. Routable’s platform is tailored to automate and streamline accounts payable processes, cutting down the time finance teams spend on manual tasks by a remarkable 80%. Their strengths include deep ERP integrations and configurable workflows, ensuring compliance through comprehensive audit trails.
Conversely, Convera stands out as a premier international payments provider, serving over 26,000 clients. Their expertise in risk management and foreign exchange, combined with an extensive regulatory presence, enables Convera to offer businesses reliable payment solutions that inspire confidence.
Frequently Asked Questions
What is the significance of the Convera and Routable partnership?
This partnership enhances the efficiency and scalability of payment processing by merging Convera's global payments network with Routable's accounts payable automation platform.
How does Routable automate invoicing?
Routable automates the entire accounts payable process, from invoice receipt to reconciliation, which vastly reduces manual work for finance teams.
What currencies can clients manage through this partnership?
Clients can handle transactions in over 140 currencies, allowing them to benefit from competitive rates and local market options.
How does the integration affect existing workflows?
The integration of Convera's services into Routable's platform is designed for smooth implementation, ensuring existing workflows remain unaffected while enhancing payment capabilities.
Who benefits most from this partnership?
Businesses looking for efficient international payment solutions and automated accounts payable processes will see significant benefits, including cost reductions and faster transaction speeds.
