finance

Reliance Bank Taps Tamarack’s Scott Nelson for Advisory Board Posted by Tamarack in Tamarack News and Updates on 7/7/2021 St. Paul, Minn. (July 7, 2021) —Tamarack Technology, Inc., a leader in providing independent software solutions in the equipment finance and commercial lending industry, is proud to announce that its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault, Minn.-based Reliance Bank. In his role on the advisory board, Nelson will provide Reliance with guidance on adoption and advancement of digital technology. Read More

Accounting Fundamentals – Knowing if the Technology is Broken Posted by Tamarack in Perspectives on 6/25/2021 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. Read More

The Internet of Things is now about people – generations of people Posted by Scott Nelson in Perspectives on 6/22/2021 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. Read More

The SaaS Paradox: Empathy Without Names Posted by Scott Nelson in Perspectives on 5/27/2021 The harsh reality of Internet & enterprise software-based business models is that one scales exponentially and the other scales only as fast as the company can develop a relationship with each customer. But knowing your customers needs and meeting those needs is a fundamental of any business. So how does one succeed independent of relationships-by-name? The answer to this paradox can be found in three key principles in the practice of SaaS business models. Read More

Tamarack Trail Mix: Vertex O Series Posted by Tamarack in Perspectives on 4/27/2021 Equipment finance companies leveraging the Vertex® O Series automated tax calculation engine can find themselves dealing with GIGO (Garbage In/Garbage Out) issues. This is especially true when it comes to determining the Tax Area ID for sales and use tax assessment during origination or contract booking. If you are leveraging O Series, either the Indirect Tax (On-Prem) or On-Demand (SaaS) implementation, you may have the solution right at your fingertips! Read More

What does innovation in equipment finance look like? Posted by Scott Nelson in Perspectives on 4/21/2021 What’s “new” today will not be the same as “new” in the future yet no one expects innovation cease – it’s part of our human nature and the driver of economic growth. Read More