Bill.com has united with KeyBank for the introduction of Key CashFlowsm, an online banking solution that streamlines payments for small businesses (SMBs) and commercial customers.
Key CashFlowsm is a scalable, centralized platform that services the bank’s broad client segments, from SMBs to commercial, enabling customers to grow and scale their use of the platform during their business journey.
The collaboration can enhance support for firms that are in the utmost need of backing in order to navigate through COVID-19 and embark on the ‘new normal’ in the most efficient way possible.
Josh Goines, senior vice president, Strategic Partnerships and Business Development at Bill.com commented: “We believe in the value of collaborations like this one with KeyBank to transform how small and midsize businesses simplify and digitise 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 CashFlowsm does that and more, helping to strengthen customers’ bottom line.”
Megan Kakani, head of emerging products, KeyBank Enterprise Commercial Payments added: “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.”
Key CashFlowsm is powered by Bill.com Connect, the business payments platform that seeks to help banks to strengthen client relationships, offering customers the tools and innovation to help them gain the ease, control and visibility needed to grow their businesses.
KeyBank customers will also be able to join Bill.com’s payments network, which helps millions of members across the U.S. process more than $70 billion annually.