As part of its ongoing commitment to innovation and digital transformation, KeyBank announced the launch of KeyTotal AR, a fully unified solution for the invoice-to-cash process, powered by Versapay. Leveraging machine learning, the platform modernizes and automates accounts receivable (AR) operations for middle-market businesses. This latest enhancement reinforces KeyBank’s commitment to delivering market-leading, technology-driven solutions to clients.
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This move marks a significant step forward in KeyBank’s fintech strategy, expanding its capabilities with advanced AI and machine learning tools that drive operational efficiency, improve cash flow, and elevate the client experience. The KeyTotal AR platform powered by Versapay allows KeyBank’s commercial clients to accelerate collections by automating invoicing and simplifying payments with automated cloud-based cash application software.
KeyTotal AR™ enables businesses to harness data and automation to take control of cash flow streamlining invoicing and collections while accelerating financial decision-making with AI. The platform helps businesses save valuable time and reduce accounts receivable costs by up to 50 percent on average. Merging advanced AR automation with KeyBank’s extensive payments capabilities, KeyTotal AR™ delivers one of the most comprehensive solutions available in the market today.
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“In today’s uncertain environment, our clients are looking to cash flow optimization to help them grow their business,” stated Head of KeyBank’s Merchant Services, Lindsay Weinstein. “Working with innovators like Versapay enables us to optimize clients’ cash flow and operations from beginning to end.”
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“KeyBank’s forward-looking approach, leveraging technology partners to accelerate B2B cash flow, shows how institutions are evolving to champion business growth and resilience,” said Carey O’Connor Kolaja, Versapay’s CEO. “We’re excited to be building the future of financial flow with KeyBank through AR solutions that enhance financial operations for their middle market clients.”
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Source: globenewswire