Annature, identity verification and eSignature provider, has introduced its new product, ASIC Payments, as the first component of its expanding Payments suite, intended for accounting firms.
This product, which successfully processed over $150,000 in real transactions during a two-month beta phase, is now accessible to all firms that use Annature for corporate compliance processes.
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It aims to resolve bottlenecks in the annual statement procedure faced by corporate service providers and accounting firms.
The traditional method involves sending ASIC annual review documents to company directors and hoping that payments are made promptly.
Annature’s solution simplifies this process by incorporating payment collection into the digital signing procedure.
Company directors can now sign their solvency resolution and make their ASIC payment in one step, bypassing the need for BPAY, trust accounts, or subsequent reminders.
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By GlobalDataThe payments are directly settled with ASIC.
ASIC Payments is built on the same adaptable infrastructure as Annature’s eSigning and identity verification platforms, offering accessibility through both dashboard and an API.
The product is currently available to all qualified Annature clients.
Annature is also developing subsequent phases of the Payments suite, which will continue to target the elimination of friction in critical document-and-payment related workflows.
Annature CEO Corey Cacic said: “Signing has always been the easy part. The disjointed payment experience is what we’ve fixed. We prompt clients to pay at the exact moment they sign, creating a seamless experience and reducing the compliance burden on firms.
“This launch marks the beginning of our broader roadmap for payments. Our vision is to make client-authorised transactions—whether to ASIC or elsewhere—simple, compliant, and integrated into the tools professionals already use.”
