Tamarack Technology has introduced the first in a series of white papers on the application of AI in the equipment finance industry. Entitled “Dark Data: A foundation for sustaining competitive advantage,” the piece is available for free download at tamarack.ai/whitepapers.

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In this month’s Trail Mix, we would like to share new functionality in Solifi’s Portfolio Management System (InfoLease10). Users can now process correcting payments via the Payment History tab within Contract Maintenance.

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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.

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Transformation to becoming a “digital business” may be a tired topic, but how many finance companies can actually claim success? Indeed, how many business leaders have a definition of success for digital transformation much less have communicated it companywide?

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Automation has been a principal pursuit of business ever since Henry Ford implemented the first assembly line in 1913 and reduced the Model T assembly time from 12 hours to 93 minutes. Twenty-five years later, during World War II, increased demand for military equipment brought mechanization to production lines enabling higher speeds, fewer errors and more efficient use of raw materials.

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In this Trail Mix installment, we will cover how to add an asset(s) to a transaction post booking.

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