Recognizing that introducing artificial intelligence (AI) into an organization can be a daunting task, Tamarack has released a whitepaper explaining how AI can be used within the equipment finance industry: “Five steps to organizational transformation in equipment finance using AI” is available for free download at tamarack.ai/whitepapers/.

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Last month, Tamarack’s Daniel Nelson and Andrew Hedstrom traveled to Washington, D.C., to participate in the annual Equipment Leasing and Finance Association (ELFA) Capitol Connections program. Alongside more than 140 ELFA members, they met with legislators to discuss the key issues facing the industry. We asked them to share their takeaways from the experience.

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If I have learned anything from my predecessors it’s that papas need to stay up to date with all the latest techniques. So this year, given all the ChatGPT news, I thought I better consider how AI might help my grandson catch more fish.

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Fortunately, modern technology stacks present equipment finance entrepreneurs with a very attractive alternative that completely avoids the CapEx investment analysis.

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Collaboration is expanding and evolving from being a key part of a winning business culture to being the foundation of the business model and design of the technology stack that sustains the business’s competitive advantage. By purposefully designing for collaboration – culture, business model, technology – organizations can exceed customer expectations and realize success not thought possible.

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We all have goals of projects coming in on time and under budget, and while there is no secret recipe for that, these key concepts, when embraced and fully supported, will set you up for success.

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