Bill.com, a business payments and software platform provider, announced on Thursday it has joined forces with KeyBank (NYSE: KEY) to launch Key CashFlow, an online banking solution that streamlines payments for small businesses (SMBs) and commercial customers.
According to Bill.com, 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 their use of the platform during their “business journey.” The company further explained:
“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.”
Bill.com also noted that 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. Josh Goines, Senior Vice President of Strategic Partnerships and Business Development at Bill.com, spoke about the launch by stating:
“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.”
Megan Kakani, Head of Emerging Products at KeyBank Enterprise Commercial Payments, then 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.”