Like many successful entrepreneurs, Annature CEO Corey Cacic (pictured above) has achieved success by identifying gaps in the market and creating innovative products to satisfy the need.

He launched his first product, Annature eSigning, in 2020 – frustrated by the failure of US-based global megalith DocuSign to take the requirements and budgets of SMEs into account. His efficient and affordable solution is now the market leader in Australia and New Zealand.

Two years later, spurred on by the new security requirements for accountants and bookkeepers introduced by the Tax Practitioners Board (TPB) and Australian Taxation Office (ATO), he introduced Annature Identity verification. This ensures compliance with the TPB and ATO, using biometric checks and secure data storage to protect client information and reduce the risk of identity fraud. Annature’s Identity verification product also streamlines the verification process, making it quick and easy to confirm identities on mobile devices.

“That covered two of three processes that accountants typically need to draw on when they’re engaging with a new client,” says Cacic.

“Now we’ve closed the loop with a new payments product, so we can offer an all-in-one solution.”

An easy way to get paid

Payments works on a system of pre-authorisation.

“At the time of engagement, or at any point in an existing relationship, the client provides either their BSB and account details or credit card number and agrees that the accountant can charge future invoices to this method,” says Cacic.

“The biggest benefit for the accountant is the confidence that you’ll be paid as soon as you’ve raised an invoice – and this is true for every kind of payment regime such as monthly, annual and ad hoc. It not only brings a degree of financial certainty, it means you won’t have to waste time and energy chasing payments.”

Clients also benefit from the arrangement.

“With our Payments product, they don’t need to pay the invoice physically,” says Cacic. “As soon as an invoice is raised, payment is completed and the customer will receive an invoice marked as paid.”

An extra service for clients

Along with helping bookkeepers and accountants to run their own businesses more efficiently, Annature can support their advisory work.

“If your new client is using DocuSign which is notoriously expensive, you could help them to save thousands of dollars a year by introducing them to Annature as a direct replacement,” says Cacic. “And our payments product could help people such as sole traders and tradies to significantly improve their cash flow.”

Annature is a long-standing member benefits partner of CA ANZ. The company has achieved ISO 27001 certification, providing customers with the assurance that their technology services meet high standards for information security management.

The Annature platform leverages blockchain technology to create a tamper-proof digital certificate for critical compliance information, ensuring reliable and trustworthy evidence. They have partnerships with industry leaders such as Xero, which enables seamless integration and automation of tasks.

Find out more

Annature is a CA ANZ Member Benefits Partner. To claim a seven-day free trial of Annature’s esignature solution go to: annature.com.au/partners/ca or, for more information about Annature Payments, visit: annature.com.au