KeyBank (NYSE: KEY) of Cleveland is teaming up with a California fintech company to roll out a service that streamlines payments for small and midsize businesses.
The platform, developed with Bill.com of Palo Alto, Calif., is called Key CashFlow. KeyBank and Bill.com said in a news release that the platform helps companies through “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.”
KeyBank said the KeyCashFlow platform can be accessed through the KeyBank Business Online and KeyNavigator portals. It also is being integrated into KeyBank’s Small Business Financial Wellness. KeyBank customers also will be able to join Bill.com’s payments network.
“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