KEYBANK LAUNCHES PREDICTIVE ACCOUNTS RECEIVABLE MATCHING WITH KEYTOTAL AR POWERED BY VERSAPAY
KeyBank (NYSE: KEY) has launched KeyTotal AR™, a comprehensive invoice-to-cash solution powered by Versapay, marking a significant advancement in its fintech strategy. The platform leverages machine learning to modernize and automate accounts receivable operations for middle-market businesses.
The new solution promises to reduce accounts receivable costs by up to 50% through automated invoicing and simplified payment processes. KeyTotal AR™ combines advanced AR automation with KeyBank's payments capabilities, offering cloud-based cash application software that streamlines financial operations and accelerates decision-making through AI.
KeyBank, with assets of approximately $189 billion as of March 31, 2025, partners with Versapay, which processes $170B+ in payments volume annually and serves 10,000 customers across 5M+ companies.
KeyBank (NYSE: KEY) ha lanciato KeyTotal AR™, una soluzione completa dalla fatturazione al incasso, sviluppata in collaborazione con Versapay, che rappresenta un importante passo avanti nella sua strategia fintech. La piattaforma utilizza il machine learning per modernizzare e automatizzare le operazioni di contabilità clienti per le imprese di medie dimensioni.
La nuova soluzione promette di ridurre i costi delle attività di contabilità clienti fino al 50% grazie alla fatturazione automatizzata e a processi di pagamento semplificati. KeyTotal AR™ unisce l'automazione avanzata della contabilità clienti alle capacità di pagamento di KeyBank, offrendo un software cloud per l'applicazione dei pagamenti che ottimizza le operazioni finanziarie e accelera le decisioni grazie all'intelligenza artificiale.
KeyBank, con un patrimonio di circa 189 miliardi di dollari al 31 marzo 2025, collabora con Versapay, che gestisce un volume di pagamenti superiore a 170 miliardi di dollari all'anno e serve 10.000 clienti in oltre 5 milioni di aziende.
KeyBank (NYSE: KEY) ha lanzado KeyTotal AR™, una solución integral de factura a efectivo impulsada por Versapay, marcando un avance significativo en su estrategia fintech. La plataforma utiliza aprendizaje automático para modernizar y automatizar las operaciones de cuentas por cobrar para empresas del mercado medio.
La nueva solución promete reducir los costos de cuentas por cobrar hasta en un 50% mediante facturación automatizada y procesos de pago simplificados. KeyTotal AR™ combina la automatización avanzada de cuentas por cobrar con las capacidades de pagos de KeyBank, ofreciendo un software en la nube para la aplicación de efectivo que agiliza las operaciones financieras y acelera la toma de decisiones mediante IA.
KeyBank, con activos aproximados de 189 mil millones de dólares al 31 de marzo de 2025, se asocia con Versapay, que procesa un volumen de pagos superior a 170 mil millones de dólares anuales y atiende a 10,000 clientes en más de 5 millones de empresas.
KeyBank (NYSE: KEY)는 Versapay와 협력하여 강화된 핀테크 전략의 중요한 진전인 KeyTotal AR™이라는 종합 청구서-현금 솔루션을 출시했습니다. 이 플랫폼은 중견기업의 매출채권 업무를 현대화하고 자동화하기 위해 머신러닝을 활용합니다.
새 솔루션은 자동 청구와 간소화된 결제 프로세스를 통해 매출채권 비용을 최대 50%까지 절감할 것을 약속합니다. KeyTotal AR™은 고급 매출채권 자동화 기능과 KeyBank의 결제 역량을 결합하여 클라우드 기반 현금 적용 소프트웨어를 제공하며, AI를 통해 금융 운영을 간소화하고 의사결정을 가속화합니다.
2025년 3월 31일 기준 약 1,890억 달러 규모의 자산을 보유한 KeyBank는 연간 1,700억 달러 이상의 결제 거래량을 처리하고 10,000개 고객과 500만 개 이상의 기업에 서비스를 제공하는 Versapay와 협력합니다.
KeyBank (NYSE : KEY) a lancé KeyTotal AR™, une solution complète de facturation à encaissement propulsée par Versapay, marquant une avancée significative dans sa stratégie fintech. La plateforme utilise le machine learning pour moderniser et automatiser les opérations de comptes clients pour les entreprises de taille moyenne.
La nouvelle solution promet de réduire les coûts des comptes clients jusqu'à 50% grâce à la facturation automatisée et à des processus de paiement simplifiés. KeyTotal AR™ combine une automatisation avancée des comptes clients avec les capacités de paiement de KeyBank, offrant un logiciel cloud d'application de trésorerie qui rationalise les opérations financières et accélère la prise de décision grâce à l'IA.
KeyBank, avec des actifs d'environ 189 milliards de dollars au 31 mars 2025, s'associe à Versapay, qui traite un volume de paiements annuel de plus de 170 milliards de dollars et dessert 10 000 clients dans plus de 5 millions d'entreprises.
KeyBank (NYSE: KEY) hat KeyTotal AR™ eingeführt, eine umfassende Rechnung-zu-Bargeld-Lösung, die von Versapay unterstützt wird und einen bedeutenden Fortschritt in der Fintech-Strategie darstellt. Die Plattform nutzt maschinelles Lernen, um die Debitorenbuchhaltung für mittelständische Unternehmen zu modernisieren und zu automatisieren.
Die neue Lösung verspricht, die Kosten für Debitorenbuchhaltung durch automatisierte Rechnungsstellung und vereinfachte Zahlungsprozesse um bis zu 50 % zu senken. KeyTotal AR™ kombiniert fortschrittliche AR-Automatisierung mit den Zahlungskapazitäten von KeyBank und bietet cloudbasierte Software zur Zahlungszuordnung, die Finanzprozesse optimiert und Entscheidungsfindungen durch KI beschleunigt.
KeyBank verfügt über Vermögenswerte von etwa 189 Milliarden US-Dollar zum 31. März 2025 und arbeitet mit Versapay zusammen, das jährlich ein Zahlungsvolumen von über 170 Milliarden US-Dollar verarbeitet und 10.000 Kunden in über 5 Millionen Unternehmen betreut.
- Platform reduces accounts receivable costs by up to 50% through automation
- Integration with Versapay expands KeyBank's fintech capabilities with AI and machine learning
- Solution streamlines cash flow management and accelerates financial decision-making
- Partnership leverages Versapay's extensive network processing over $170B in annual payment volume
- Implementation and transition costs for clients not disclosed
- Potential learning curve for businesses adopting the new system
Insights
KeyBank's new AR automation platform leverages AI to potentially reduce receivables costs by 50%, positioning it competitively in the financial technology space.
KeyBank's launch of KeyTotal AR™, powered by Versapay, represents a strategic move into the accounts receivable automation space with significant potential upside for both the bank and its middle-market clients. The platform integrates machine learning technology to streamline the entire invoice-to-cash process, addressing a critical pain point for businesses struggling with cash flow optimization.
The most compelling aspect of this implementation is the 50 percent average reduction in accounts receivable costs promised to clients. This quantifiable benefit directly impacts operating margins for KeyBank's commercial customers while creating a new revenue stream for the bank itself. By automating traditionally manual AR processes, KeyBank is positioning itself at the intersection of banking and financial technology—a space increasingly dominated by specialized fintech firms.
The partnership with Versapay is particularly noteworthy. Versapay brings substantial scale to this collaboration, with 10,000 customers, 5 million+ companies transacting, and $170 billion+ in annual payment volume. This provides KeyBank immediate credibility and proven infrastructure rather than building capabilities from scratch.
For context, AR automation remains an underserved segment in middle-market banking, with many businesses still relying on legacy systems that create cash flow delays and operational inefficiencies. KeyBank's entrance into this space with a comprehensive solution addresses these challenges while strengthening client relationships through technology-driven value adds beyond traditional banking services.
This platform complements KeyBank's existing commercial banking infrastructure of 1,000 branches and 1,200 ATMs across 15 states, potentially driving deeper penetration within its established $189 billion asset base while attracting new commercial clients seeking to modernize their financial operations.
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.
"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."
"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."
About Versapay
Versapay is the platform that rewires AR by removing barriers from collecting and reconciling B2B payments, providing end-to-end cash flow clarity, ensuring businesses can manage working capital on their terms. By closing the loop for finance teams and their business systems, customers, and payment activity into a single intelligent ecosystem, Versapay transforms money matters into a data-driven advantage. With 10,000 customers and 5M+ companies transacting, Versapay facilitates 110M+ transactions and processes
About KeyCorp
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout
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SOURCE KeyBank
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