KeyBank's consolidated payables solution gives you convenience and expense reduction. By minimizing barriers to electronic payments and improving efficiency across the payments process, our system requires fewer files to make payments while improving your control over the timing and accuracy of payments, and contributing to savings.
Our robust consolidated payables solution enables business administrators to submit payment files directly from their treasury systems or upload them into KeyBank’s secure online portal. From there, KeyBank separates payment data into check, ACH, and wire payments.
To assist in transitioning payments from check to electronic alternatives, Consolidated Payables also offers the ability to deliver critical remittance details to vendors through emailed payment notifications as well as through a dedicated online portal. This service allows vendors to easily reconcile the payments they receive; removing a significant barrier to electronic payment adoption.
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