Bill.com and KeyBank introduce Key CashFlowsm, a Streamlined Payments Solution for Small and Midsize Businesses
August 27 2020 - 8:00AM
Business Wire
Bill.com (NYSE:BILL), 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 (NYSE: KEY) introduce 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. Business customers will benefit from increased
visibility and control of their cash flow, the ability to send and
receive electronic payments, eliminate paper, manage approvals
digitally, and seamlessly integrate with accounting software. The
platform can be accessed through the KeyBank Business Online and
KeyNavigator portals in addition to being 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,” said Josh Goines, senior
vice president, Strategic Partnerships and Business Development at
Bill.com. “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.”
“As businesses grow in size, managing cash flow and payable
needs become more complex,” said Megan Kakani, head of emerging
products, KeyBank Enterprise Commercial Payments. “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
transformative business payments platform that helps 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.
About Bill.com
Bill.com is a leading provider of cloud-based software that
simplifies, digitizes, and automates complex, back-office financial
operations for small and midsize businesses. Customers use the
Bill.com platform to manage end-to-end financial workflows and to
process payments. The Bill.com AI-enabled, financial software
platform creates connections between businesses and their suppliers
and clients. It helps manage cash inflows and outflow. The company
partners with several of the largest U.S. financial institutions,
the majority of the top 100 U.S. accounting firms, and popular
accounting software providers. Bill.com has offices in Palo Alto,
California and Houston, Texas. For more information, visit
www.bill.com.
About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York.
Headquartered in Cleveland, Ohio, Key is one of the nation's
largest bank-based financial services companies, with assets of
approximately $171.2 billion at June 30, 2020. Key provides
deposit, lending, cash management, and investment services to
individuals and businesses in 15 states under the name KeyBank
National Association through a network of approximately 1,200
branches and more than 1,500 ATMs. Key also provides a broad range
of sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United States under the KeyBanc Capital
Markets trade name. For more information, visit
https://www.key.com/. KeyBank is Member FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20200827005167/en/
Oriana Branon obranon@hq.bill.com 619-997-0299
Laura Mimura laura.mimura@key.com 216-471-2883
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