MRI Software and KeyBank partner to automate payments
KeyBank’s solution will complement MRI Software’s
MRI Software, a real estate software solutions provider, has formed a partnership with KeyBank to provide clients access to its AvidXchange powered payment automation solution, KeyTotal Pay.
According to KeyBank, the new solution will enable real estate owners and operators to “eliminate paper cheques, optimise vendor payments, and streamline reconciliation”.
From the partnership, post-payment activity and vendor engagement will be shifted to KeyBank, while information reporting and research are placed within MRI’s financial management software.
“Simply put, we are leveraging technology to automate manual, paper-intensive processes,” says Kevin Tholke, senior vice-president of real estate payments at KeyBank.
KeyTotal Pay will be a complementary service to MRI Vendor Pay, which is MRI Software’s existing payment automation solution. Both powered by AvidXchange, it allows clients to automate payments through KeyTotal Pay or MRI Vendor Pay.
MRI says it will fully support the back-end integration into the client’s financial database.
