KeyBank (NYSE: KEY) of Cleveland is teaming up with a California fintech firm to roll out a service that streamlines funds for small and midsize companies.
The platform, developed with Invoice.com of Palo Alto, Calif., is known as Key CashFlow. KeyBank and Invoice.com mentioned in a information launch that the platform helps corporations by way of “elevated visibility and management of their cash circulation, the power to ship and obtain digital funds, get rid of paper, handle approvals digitally, and seamlessly combine with accounting software program.”
KeyBank mentioned the KeyCashFlow platform could be accessed by way of the KeyBank Enterprise On-line and KeyNavigator portals. It is also being built-in into KeyBank’s Small Enterprise Monetary Wellness. KeyBank prospects additionally will have the ability to be a part of Invoice.com’s funds community.
“As we proceed to collaborate with modern monetary purposes corporations throughout the nation, resembling Invoice.com, we try to make it simpler for patrons to get enterprise achieved,” mentioned Megan Kakani, head of rising merchandise for KeyBank Enterprise Business Funds, in a press release.
Different current KeyBank fintech collaborations are with corporations together with Billtrust, Laurel Street Bank and Bolstr.
Invoice.com describes itself as “a supplier of cloud-based software program that simplifies, digitizes, and automates advanced, back-office monetary operations for small and midsize companies.”