Payments automation company partners with commercial bank to streamline payments for SMBs
Bill.com, the digital business payments company has partnered with Ohio-based lender KeyBank to introduce payments solutions, Key CashFlows for small and medium-sized businesses. The company aims to use this platform to streamline the payment process for small businesses (SMBs) and commercial customers.
Last month, ClearBooks and the UK’s Metro Bank partnered to launch accounting software with online and mobile feeds and financial management tools for small-to-medium businesses (SMBs).
Under the new solution, Key CashFlow, which according to the press release is scaleable and centralized and has been designed to integrate with accounting software, will allow business customers to have visibility, send and receive e-money and to manage and approve digitally.
“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,” said Josh Goines, senior VP at Bill.com. “Through the power of Bill.com’s technology, Key CashFlow does that and more, helping to strengthen customers’ bottom line.”
The new platform will be accessible through KeyBank Business Online and KeyNavigator portals and also through integration into the KeyBank Small Business Financial Wellness solution. Key CashFlow is powered by Bill.com Connect.