Sharing data with your business management software

Macquarie Connect lets you share the following business banking data with your software providers:

• Account details such as your account name, account number and account balance.
• Transaction information such as the date of transactions, amount credited or debited and simple categorisation of the transaction (e.g. whether the transaction is a fee or interest).

The steps below provide a general overview of the authentication process for sharing data via Macquarie Connect. The exact process may vary depending on your business management software.

If you’re unsure or need more details, please refer to your software provider’s release/support notes, or contact your software provider or administrator directly for guidance on your specific consent process.

Only one nominated individual (providing a single consent) needs to follow the steps below to action this request for your business.

1. Log in to your business management software.
2. Look for a button that says ‘Connect’ or ‘Connect to Macquarie’ to begin (the process to start sharing your data will be unique to your software).
3. You’ll be securely redirected to Macquarie. Simply enter your Macquarie ID and approve the request using Macquarie Authenticator.
   • If you have push notifications enabled, open the push notification on your Macquarie Authenticator app and verify the request
   • Alternatively, if push notifications aren't enabled, open the Authenticator app and select the request from your task list.
4. Select Next.
5. Choose which facilities you'd like to share data from. By selecting a facility, you’ll be authorising data sharing for all accounts under that facility.
6. Select Next.
7. On the Confirm details screen, check all the details are correct.
8. Select Confirm.
9. Wait to be redirected back to your business management software to finalise the data sharing request.

It’s important you stay on the page until you’re automatically redirected back to your software. If nothing happens after a few moments, click the button to return manually.

In some cases, you’ll need to make sure you’re using the most current version of your business management software to start using Macquarie Connect. Please reach out to your software provider for any assistance in installing this latest release.

Please note: We’ll never ask you for your Macquarie password during this process.

If you have more than one business entity you’d like to share data for, you’ll need to repeat the above steps for each entity.

Please note, we’ll never ask you to provide your Macquarie password during this process.

If you'd like to stop sharing your data, please send an email to business@macquarie.com.

We’ll let you know before your consent to share data is about to expire.

You can initiate a request to amend your consent for an additional period (up to 12 months) via your software.

You’ll then be redirected to us so that we can:

1. Authenticate it’s you using your Macquarie ID. This must be the same Macquarie ID used to originally create the consent.
2. Send you a push notification via Macquarie Authenticator
3. Allow you to add and remove the facilities that you’d like to share your transaction and account data for.

With Macquarie Connect, you need to amend a consent prior to its expiry to continue sharing your data with your software.

When your consent to share data expires, data sharing will cease immediately.

At any time, proactively, you can request that your data sharing is extended for an additional period (up to 12 months) with your business management software. 

Alternatively, once expired, you can establish a new consent to share data.

If you’re switching to a new business management software, you'll need to:

1. Stop data sharing with your previous provider, then
2. Set up data sharing consent with your new provider.