KeyBank announced the launch of KeyTotal AR™, a fully unified solution for the invoice-to-cash process, powered by Versapay. This new platform leverages machine learning to modernize and automate accounts receivable (AR) operations for middle-market businesses.
KeyTotal AR™ aims to accelerate collections by automating invoicing and simplifying payments with automated cloud-based cash application software. The platform helps businesses harness data and automation to take control of cash flow, streamlining operations and accelerating financial decision-making.
This latest enhancement reinforces KeyBank's commitment to delivering market-leading, technology-driven solutions to clients. The platform is expected to help businesses save valuable time and reduce accounts receivable costs by up to 50% on average, enhancing operational efficiency and client satisfaction.
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