In a Q&A, Michael Baez of Leasepath, Diane Croessmann of The Alta Group, Scott Nelson of Tamarack Technology, Sean Scampton of Leasepath and William Verhelle of Innovation Finance USA give their take on why companies are hesitant to embrace new technology tools in the U.S. equipment finance marketplace.

The availability and analysis of data is the driving force for change in business today and we see five ways that it is going to change the way equipment finance operates over the next few years. We note that “changing the way a business operates” is another way to say “changing our behavior” so we are really talking about five ways data is going to create innovation in our industry.

June in Minnesota finally brings summertime, which typically is jam-packed with outdoor activities, sports and peak wedding season. For Tim Appleget, Tamarack’s director of technology services, this summer has all three.

An interview with Equipment Finance leader David Gnade on the risk and opportunities of impending rate hikes.

When it comes to working hard and having fun, no one does it better than Norma Arias. In her role as VP of Professional Services, Norma works tirelessly to manage Tamarack’s fast-growing professional services team. Outside the office, she enjoys supporting her community, moonlighting as a musician, and becoming a citizen of the world.

The Amazon Prime television show “The Marvelous Mrs. Maisel” recently re-introduced me to concept of matchmakers. The show’s plotline begins with Mrs. Maisel’s mother, Rose, launching a business as a New York City matchmaker. This intrigued me because the challenges she faced seemed very much like those I have come to understand working with and around brokers in equipment finance.

Every month we will be featuring an interview with a member of our team so you can get to know them better. To Kick off the series, meet Andy Hedstrom! Andy joined the Tamarack Team in February to lead the development of Tamarack’s growing sales team.

How do you define innovation? This was the initial question posed by moderator Scott Nelson during the March 3, 2022, Monitor Live+ Panel: Creating a Future for Your Company. In presenting the question, Nelson used the Peter Drucker’s definition to lead off the discussion. “Innovation is an effect in economy and society, a change in the behavior of customers, of teachers, of farmers, of doctors, of people in general”

Everyone has their own methods of predicting customer behavior. That’s the goal. Like tournament seeds, credit scores reflect past performance and provide insight over the long term that will be statistically relevant. But just like every game has new circumstances and the opportunity for special efforts by players and coaches, every business year has a plethora of new opportunities, constraints, and circumstances that might change how a business performs and behaves. Extra data sources help make better predictions.