Convera selected by Routable for its global payments network. Source: Shutterstock.com

Convera has announced its partnership with Routable, the efficient and flexible accounts payable platform. This integrated partnership will enable Routable to leverage Convera’s global network and experience in foreign exchange and compliance to provide its customers with increased global reach, reliability and competitive rates.  

Today’s modern businesses want to reduce manual workload and build automation across the organisation. Routable specialises in helping finance teams automate and simplify the payables process from invoice receipt to reconciliation.

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Routable enables finance teams to do more with less through automated workflows, flexibility and speed of both domestic and international payment methods, and deep integrations into accounting systems.  

Omri Mor, CEO and co-founder, Routable, said: “We are committed to revolutionising AP automation by delivering what our customers care about most, speed, global coverage, and competitive exchange rates, all deeply integrated into their accounting systems. After an extensive evaluation of several payment providers, we ultimately selected Convera for their currency reach, robust security, and exceptional customer support. By combining our best-in-class accounts payable automation with Convera’s global payments network, we can now support  even the most complex needs of clients processing international payments.” 

Convera’s financial network spanning over 140 currencies across 200 countries and territories and deep expertise in foreign exchange and payment optimisation allows Routable to offer customers unparalleled global reach, with reduced transaction fees, competitive rates, and the flexibility of payment options.

Through this partnership, Convera will enable Routable’s customers to leverage a global network of accounts connected to local payment rails

This provides expanded options for low-cost local currency clearing across currencies worldwide. Customers can also use SWIFT as required for high-value cross-border payments. The Convera payment solution will seamlessly integrate into Routable’s platform, without interrupting existing workflows. 

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Julie Armstrong, VP, General Manager, Global Head of Industry Solutions & Partnerships, Convera, added: “We’re thrilled to be an integrated partner with a forward-thinking company like Routable. Their focus on innovation aligns perfectly with Convera’s commitment to providing businesses with a comprehensive global payment solution. Our expertise in local clearing, unmatched foreign exchange rates, exceptional customer support, and deep industry knowledge make us the ideal partner to help move money faster, easier and securely.”