Releasing Soon!
We are announcing significant update to our platform that will improve both the broker and client experience for collecting bank statements for asset and equipment finance applications. Through a new direct integration with bankstatements.com.au, we are introducing a seamless and efficient way to collect and analyse your clients' financial data, saving you time and providing deeper insights.
Effortless Bank Statement Collection with Your Branding
When you request bank statements for an asset or equipment finance application, your clients will now be directed to a secure, co-branded page. This will feature your brokerage's branding, providing a trusted and professional experience for your clients as they securely supply their bank statements using the trusted bankstatements.com.au service.
Stay Informed with Automatic Notifications
As soon as your client successfully completes the bank statement submission process, you will receive an email notification. This allows you to promptly proceed with the application, keeping turnaround times low and keeping the process moving forward efficiently.
Accelerate Applications with Pre-filled Living Expenses
One of the most powerful features of this new integration is the ability to automatically pre-fill 15 of the general living expense categories in the application. By intelligently analysing the transactional data from the bank statements, our system will populate key fields, significantly reducing manual data entry and the potential for mistakes. This allows you to focus on the more complex aspects of the application and provide a faster service to your clients.
Deeper Insights with Illion Integration
Once the bank statements have been successfully received, you will gain access to powerful analytics through Illion insights. This feature provides a clear and detailed breakdown of key financial metrics directly within the application. You will have enhanced visibility into crucial data points, including:
- Wages and Income: Gain confidence in your client's stated income with verified credits to their bank account.
- Rental Payments: Clearly identify ongoing rental expenses and payment history.
- Credit Card Repayments: Understand the client's credit card usage and repayment behaviour.
- Other Loan Repayments: View existing loan commitments for a more complete financial picture.
- And many more.
These insights enable you to make more informed assessments, strengthen your applications, and meet your compliance obligations with greater ease.
Simple, Seamless, and Ready to Use
The usage of the bankstatements.com.au service will be included with your existing LMG invoice ensuring a straightforward and transparent billing process.
We are confident that this integration will significantly enhance your workflow, improve your efficiency, and provide you with the tools to deliver an even better experience for your clients.