DriveOnline allows you to quote, produce PDF documents and submit applications all from one intuitive portal, allowing you to help your customers quickly and providing rapid decisioning that will delight them.
DriveOnline utilises the following features to assist your clients while also saving you precious time:
A single lodgement platform that enables brokers to quote, build applications and print documents for equipment finance deals all in one place.
Fast approval in less than 2 hours provides you with quick response for your business and clientele.
An easy to use mobile and web compatible system that you can take anywhere, anytime on your laptop or smartphone/ mobile device.
Straightforward support with easy to use online guides, instructional videos and access to market leading support service.
Save precious time with quick answers and responses so you’re able to work on your next client deal.
2017, 2016 & 2015 Winner Best Equipment Finance Solution Australian Banking & Finance Awards, 2017, 2016, 2015 & 2014 Winner for Commercial Asset & Finance Broker Awards (CAFBA) for Flexibility, Service and Market Competitiveness.
ABC Plumbing Wholesalers Pty Ltd (John & Mary Smith – Directors) run a plumbing supply business and urgently require the acquisition of a new forklift for their warehouse following the breakdown of the existing unit. The Smiths have arranged a new unit with a recognised supplier at a cost of $45k. The Smiths call their broker in the morning for assistance in financing the forklift.
The broker logs into Westpac DriveOnline and in 5 minutes has provided a quote for John and Mary Smith, who are happy to proceed with an application. The broker prepares the application via Westpac Drive Online that includes the electronic privacy consent to acknowledge instant client consent via their smartphone. The Company and Director information is pre-populated into DriveOnline from ASIC using the ABN/ACN, thereby reducing data input and improving accuracy.
The broker submits the application and immediately receives an indicative approval. Within 2 hours the formal approval arrives and is conveyed to the customer. The customer forwards the tax invoice provided by the supplier to the broker to enable documents to be produced. The broker produces a PDF version of the documents and organises a meeting with the clients to sign.
The executed documents are sent to Westpac for settlement and deal settles before 4pm, and the broker also receives their brokerage the same day.