We’ve shared the tips and tricks that we find helpful, but now we want to hear from you. Do you have any problems that you just can’t seem to find the solution to or processes that you find cumbersome? Any tips you’ve found useful that you think could benefit others? Submit your problems, ideas, or tips to trailmix@tamaracknow.com. If we use your idea, we’ll send you a Tamarack Yeti-brand tumbler and some edible trail mix to go with it.

The equipment finance industry “owns the invoice,” putting lessors at the nexus for helping customers connect among a growing list of sectors. Scott Nelson details the steps necessary for defining the good, the bad and the ugly for invoice methods and techniques.

Contracts can be added to the WK.INVOICE file using the following methods: 1) Invoice Processing via the NJS, 2) Manual Invoicing, or 3) Invoice Utility. Note: the N.CODE.USERID field clarifies how contracts were added to the work file.

In an interview with demographer Kenneth Gronbach, Scott Nelson of Tamarack Technology examined the impact of Gen Y on the equipment finance industry.

As an equipment finance professional with more than 25 years of experience including more than 15 business acquisitions, I can tell you two things about a “seller’s market” – prices are going up and promises to management are going to be harder to keep. Buyers beware.

The Nightly Job-Stream (NJS) allows you to combine both system updates and reporting functions into a single process that can be pre-scheduled to run daily, monthly or yearly. One of the features of NJS processing is the ability to further customize the process by imbedding your own processes to automatically run within the NJS. Custom processes can be incorporated into one of seven “User Exit” points that occur at specific times during the NJS process.

In the complex world of lease types, workflow, and accounting principles how does one know when the technology is broken? At Tamarack we find that there are three keys to enterprise system efficacy and efficiency.

Business consultants and operational leaders have a focus on two big promises of IoT: cost reduction through automation and better asset management. Both are delivered and propagated by the analysis of data that IoT edge devices generate from the value chains of enterprise operations. But this view has a pronounced blind spot, the fact that IoT success will be driven by dramatic demographic shifts.

“Why should I pay for more than I use?” It’s a simple question and not new. Usage-based leasing (UBL), also called consumption-based financing in some circles, has been around for decades but has become of keen interest post-COVID because it speaks to market demands for flexibility.