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Bill.com & KeyBank unveils Key CashFlow, a streamlined payments solution

By Pavithra R

August 28, 2020

  • Bill.Com
  • Keybank
  • USA
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KeyBankBill.com, a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses (SMBs) and KeyBank has announced the launch of Key CashFlow, an online banking solution streamlining payments for small businesses (SMBs) and commercial customers.

The new Key CashFlow is a scalable, centralized platform that services the bank’s broad client segments, from SMBs to commercial, enabling customers to grow and scale the usage of the platform during their business journey. Business customers will benefit from increased cash flow visibility and control, the ability to send and receive electronic payments, eliminate paper and manage approvals digitally, and seamlessly integrate with accounting software. The platform can be accessed through KeyBank Business Online and KeyNavigator portals and can also be integrated into KeyBank’s Small Business Financial Wellness.

“We believe in the value of collaborations like this one with KeyBank to transform how small and midsize businesses simplify and digitize their back office operations. SMBs are the lifeblood of our economy and at such a crucial time in our country, businesses need digital tools to easily manage their cash flow and end-to-end payments in a central platform. Through the power of Bill.com’s technology, Key CashFlow does that and more, helping to strengthen customers’ bottom line,” said Josh Goines, senior vice president, Strategic Partnerships and Business Development at Bill.com.

Key CashFlow powered by Bill.com Connect is a transformative business payments platform that helps banks to bolster client relationships by offering customers the tools and innovation they need to gain the ease, visibility and control needed to enhance their businesses. KeyBank’s customers will also be able to join Bill.com’s payments network, which helps members across the U.S. process more than $70 bn annually.

“As businesses grow in size, managing cash flow and payable needs become more complex. As we continue to collaborate with innovative financial applications companies across the country, such as Bill.com, we strive to make it easier for customers to get business done,” said Megan Kakani, head of emerging products, KeyBank Enterprise Commercial Payments.

Established since 1849, KeyBank is one of the nation’s largest bank-based financial services companies, with assets of approximately $171.2 bn at June 30, 2020. KeyBank is Member FDIC.

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