Industry challenges
Different checklist per leaser
GRENKE requires specific certifications, Close Brothers requires additional guarantees...
Power of attorney
Is the signatory the company director? Is the power dated before the contract?
Amount matching
The contract rent must match the financing agreement to the euro.
Establishment verification
Does the installation address correspond to an active business registered with the CRO?
Documents processed
- —Lease agreement (GRENKE, Close Brothers, AIB Leasing, BOI Finance)
- —Financing agreement
- —Supplier quote
- —CRO company registration extract
- —Signatory ID (passport or driving licence)
- —Power of attorney
- —Bank details (IBAN)
- —Payoff statement (if renewal)
Automatic validations
- ✓Contract rent = financing agreement amount (±€1)
- ✓Identical periodicity (monthly/quarterly)
- ✓Signatory = company director OR valid power of attorney
- ✓Installation address = active establishment (via CRO)
- ✓Valid ID document (passport or driving licence)
- ✓Bank details in same name as lessee
- ✓Bought-out contract number mentioned if payoff present
Rules by partner
ID required
GRENKEIf sole trader
Close BrothersAlways
AIB LeasingAlways
BOI FinanceAlways
Director guarantee
GRENKE-
Close BrothersRequired
AIB LeasingIf <2 years trading
BOI FinanceRequired
Tax clearance
GRENKEIf >5 employees
Close BrothersAlways
AIB LeasingAlways
BOI FinanceAlways
CRO extract < 6 months
GRENKEIf sole trader
Close BrothersIf sole trader
AIB LeasingRequired
BOI FinanceRequired
| Document | GRENKE | Close Brothers | AIB Leasing | BOI Finance |
|---|---|---|---|---|
| ID required | If sole trader | Always | Always | Always |
| Director guarantee | - | Required | If <2 years trading | Required |
| Tax clearance | If >5 employees | Always | Always | Always |
| CRO extract < 6 months | If sole trader | If sole trader | Required | Required |
Measured results
93%
time saved
100%
coverage
0
avoidable errors