Industry challenges
Different checklist per financier
Macquarie requires a director guarantee, Angle Finance requires a signed delivery receipt...
Authority to sign
Is the signatory a director on the ASIC extract? Is the authority dated before the contract?
Amount matching
The contract repayment must match the financing agreement to the dollar.
Business verification
Does the ABN correspond to an active, GST-registered entity?
Documents processed
- —Lease agreement (Macquarie, ANZ, Angle Finance, Westpac)
- —Financing agreement
- —Supplier quote
- —ASIC company extract / ABN registration
- —Director or signatory ID (driver licence, passport)
- —Authority to sign / director resolution
- —Bank account details (BSB and account number)
- —Payout statement (if refinancing)
Automatic validations
- ✓Contract repayment = financing agreement amount (within $1 tolerance)
- ✓Identical periodicity (monthly/quarterly)
- ✓Signatory = director on ASIC extract OR valid authority to sign
- ✓ABN active and GST-registered (via ABN Lookup)
- ✓Valid identity document
- ✓Bank details in same name as lessee
- ✓Refinanced contract number mentioned if payout present
Rules by partner
ID required
MacquarieIf sole trader
ANZAlways
Angle FinanceAlways
WestpacAlways
Director guarantee
MacquarieRequired
ANZ-
Angle FinanceIf <2 years trading
Westpac-
Delivery receipt
Macquarie-
ANZ-
Angle FinanceRequired
Westpac-
ASIC extract < 3 months
MacquarieIf sole trader
ANZIf sole trader
Angle FinanceIf sole trader
WestpacRequired
| Document | Macquarie | ANZ | Angle Finance | Westpac |
|---|---|---|---|---|
| ID required | If sole trader | Always | Always | Always |
| Director guarantee | Required | - | If <2 years trading | - |
| Delivery receipt | - | - | Required | - |
| ASIC extract < 3 months | If sole trader | If sole trader | If sole trader | Required |
Measured results
93%
time saved
100%
coverage
0
avoidable errors