In the works
Approved and paid should be closer together.
An invoice clears your approval queue and the vendor still waits days to see the money. Then they call AP to ask where it is. We are working on a shorter wait inside BillRoute Pay.
What BillRoute Pay does todayThree stages, one gap. The dashed part is the one we are working on.
The problem
Both sides of the invoice feel the wait.
The vendor
A landscaping crew with payroll on Friday cares about one date, and it is the day the money lands. Until then, the approval on Monday is paperwork.
Your AP team
The vendor calls. Someone finds the invoice, finds the payment, reads the status back, and promises to follow up. The question AP hears most from vendors is still where the money is.
In the works
A shorter wait between approved and paid, inside BillRoute Pay.
The brief is two lines. Get money to the vendor sooner after approval, and keep the status on the same invoice record the vendor already checks in their portal.
There is no date on this page and no speed figure, because neither is settled. When either is, this page will say so.
A shorter payout after a slow approval is still a slow payment from the vendor's side. In the pipelines we have instrumented, approval is the stage that consumes the calendar. Fix approval routing first.
See what BillRoute Pay does today.
Book a demo and we will walk through the payment run as it ships now, and note what a shorter wait would change for your vendors.