Key Virtual Account Management

Manage multiple accounts across your organization.

 

Key Virtual Account Management (KeyVAM) lets you conveniently manage your virtual account structures digitally. It simplifies money movement by consolidating balances and transactions in a virtual platform, reducing the need to manage multiple accounts or complex account structures.

How KeyVAM works:

  • KeyVAM uses unique identifiers to allocate transactions to Virtual Sub accounts within a physical Parent account.
  • Incoming or outgoing payments post to the Parent account and the relevant virtual account.
  • Real-time balances are calculated for each account, providing the same reporting granularity as a physical account, but all within the Parent account.

Do you have the right banking provider?

Are you making the most of the benefits your banking provider offers?

Are you spending too much time and resources trying to reconcile multiple accounts?

Treasurers have it hard, especially when grappling with costly cash concentration processes, optimizing working capital, gathering information and opening accounts, diverse reporting standards, complex and time consuming DDA structures.

These issues can be slow and expensive.

Key Virtual Account Management, KeyVAM, is a system designed to streamline your cash management, minimizing the complexities of managing multiple accounts or cost centers by organizing balances and transactions virtually.

KeyBank's cutting edge KeyVAM solution offers flexible virtual account structures that adapt to evolving regulatory needs.

Easy and efficient account management tools.

Fast opening and closing of an unlimited number of virtual sub accounts.

Here's what sets KeyVAM apart:

  • Real time reconciliation.
  • Customized reporting.
  • Easy integration.
  • Simple self service.
  • Fully scalable.

With KeyVAM, you'll experience a game changing approach to cash management.

One that makes managing multiple accounts as easy as managing just one.

Move your money in minutes, not months.

Visit key.com/vam or contact your KeyBank representative now.

Features and Benefits of KeyVAM

Simple self-service

Open and close your own Virtual Sub accounts in minutes and visualize and modify accounts from one place.

See your complete picture

Complete, detailed account visibility to make real-time decisions.

Streamline processes

Easily implement in your existing system and gain consolidated, multi-channel reporting.

Reduce costs

Increase efficiencies and decrease administrative tasks and time.

Get Started with KeyVAM

To learn more and get personalized advice for your business, contact your payments advisor or have a payments advisor call you.