For finance partners
Originations priced on your terms, documented completely, delivered as data.
Novate.it distributes your novated lease product through employer programmes and a self-serve customer portal. Your rate cards and residual tables are applied by the engine exactly as you publish them; every settlement arrives as a complete, versioned pack; and you see the portfolio as it forms — not a month later.
The proposition
Distribution without the re-work.
Novated leasing is a high-quality asset class with an awkward origination process. We fixed the process.
- 01
Your pricing, applied exactly
Rate cards by term and tier, residual tables by term and kilometre band, minimum and maximum amounts, vehicle-age-at-maturity limits and product rules are loaded once and enforced on every quote version. A consultant cannot price outside them. - 02
Employer-qualified customers
Every customer arrives through an employer programme with a verified work email, salary from the employer, a policy that caps exposure per employee, and — where the employer has chosen it — a manager and administrator approval on record. - 03
Complete, consistent packs
The executed lease, deed of novation, Disclosure Pack, dealer tax invoice, insurance certificate and repayment schedule, all generated from the same quote version the customer signed. No pack ships with a document missing. - 04
Lifecycle handled
Restructures, extensions, payouts and end-of-term options are managed in the platform, with the customer and employer, and delivered to you as events and updated schedules. - 05
A portfolio you can see
Settlement volumes, vehicle and drivetrain mix, EV share, residual exposure by maturity month, and the 90-day end-of-term pipeline — in the partner portal and by API.
Rate cards and residuals
Loaded once, versioned forever.
Pricing lives in the platform as dated versions. A quote confirmed today is settled on today's card even if you change it tomorrow; a draft that hasn't been confirmed is re-priced on the new one and flagged to the consultant.
Residual table (ATO minimum defaults)
Set higher residuals by term and kilometre band if your credit policy allows; the engine never goes below the minimum.
| Term | Minimum residual | Your table |
|---|---|---|
| 12 months | 65.63% | by km band |
| 24 months | 56.25% | by km band |
| 36 months | 46.88% | by km band |
| 48 months | 37.50% | by km band |
| 60 months | 28.13% | by km band |
Rate card structure
Rates by term and customer tier, with optional adjustments for drivetrain, employer and amount financed.
| Dimension | Options |
|---|---|
| Term | 12 · 24 · 36 · 48 · 60 months |
| Tier | Your definitions — by employer category, salary band or assessment |
| Drivetrain | Optional EV / ICE differential |
| Amount | Minimum and maximum financed; optional rate steps by amount |
| Fees | Establishment, monthly account, early termination — disclosed on every quote |
| Effective dates | Scheduled ahead; previous versions retained for audit |
Integration and data
Events, documents and reports — by API, by portal, or by SFTP if you must.
Everything that happens to a lease is an event with a payload. Subscribe to the ones you need, pull the documents when they're ready, and reconcile against the daily settlement file.
REST API with bearer-token authentication scoped to your organisation. Read quotes, documents, schedules and portfolio reports. No write access to customer data.
Webhooks for every event below, signed, with retries and a replay endpoint.
Partner portal for teams that prefer a screen: settlement queue, document download, portfolio dashboard, rate-card management.
Batch files — daily settlement and schedule extracts over SFTP for loan systems that can't consume an API.
| Event | When it fires |
|---|---|
| quote.confirmed | A consultant has confirmed pricing on your rate card. Includes the full quote version and eligibility record. |
| approval.completed | Employer approval gates are complete (or not required). The quote is cleared for documents. |
| documents.executed | All parties have signed. The settlement pack is available for download or push. |
| settlement.requested | Dealer invoice and delivery confirmation received. Funds are requested for the settlement date. |
| lease.activated | Deductions have started. Schedule and first-payment date attached. |
| lease.restructured | Term, kilometres or budgets changed. New schedule attached; residual unchanged unless extended. |
| payout.requested | Customer or employer has requested a payout figure or early termination quote. |
| lease.ending | Ninety days before maturity, with the customer's indicated option once chosen. |
Risk and controls
Credit decisions stay with you. Everything around them is controlled.
The platform originates and administers. It does not assess credit and does not hold funds. What it does is make sure the data you assess is complete, consistent and unaltered.
- 01
Identity via employer
Customers register with a work email that is matched to an onboarded employer. Salary and employment are confirmed by the employer through the approval flow or payroll integration. - 02
Immutable quote versions
The version the customer signed is frozen with its inputs, eligibility record and documents. Later changes create new versions; nothing is overwritten. - 03
Policy exposure caps
Employer budget caps and per-employee limits are enforced before a quote reaches you. Your own amount limits are enforced in the same step. - 04
Document integrity
Every PDF carries the quote version and a content hash. Executed documents come from the e-signature provider's completion certificate. - 05
Full audit trail
Every field change, approval, document generation and download is logged with actor, time and source. Exportable per lease or per period. - 06
Australian hosting
Data at rest in Australian Azure regions, encrypted in transit and at rest, role-based access with MFA, and independent penetration testing.
Partner questions
Before you join the panel.
Is the panel exclusive?
No. Employers choose which approved funders may fund their employees' leases, and quotes are priced against each approved funder's card. Consultants present the customer with the outcome that best fits the employer's policy and the customer's needs.
Who performs the credit assessment?
You do, on your own systems and policy. The platform delivers the application data and supporting documents through the partner portal or API, and receives your decision as an event. We don't hold or express a credit view.
Can we run our own residual tables and product rules?
Yes. Residuals by term and kilometre band, minimum and maximum amounts, maximum vehicle age at maturity, permitted body types and drivetrain rules are all per funder. The engine applies the stricter of your rules and the employer's policy.
How do you handle end of term and early termination?
The platform surfaces the customer's options 90 days out, collects their choice, and raises the appropriate event — payout figure request, extension schedule or return logistics. Payout figures come from your system via API; we present them, we don't compute them.
What does onboarding involve?
A partnership agreement, your rate card and residual table in our template, your document requirements, and — if you want integration — API credentials and a sandbox. Most partners are live within four weeks.
Let's talk about the panel.
Our partnerships team can walk you through the partner portal, the settlement pack and the API in a single session, with sample data.