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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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Fortunately, modern technology stacks present equipment finance entrepreneurs with a very attractive alternative that completely avoids the CapEx investment analysis.
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One of the oldest and most common business plans in equipment finance is the broker-to-lessor transformation and goes like this: establish one’s brand as a finance broker, build customer and lender relationships, grow the business to the point where one can secure funding for the paper and become a lessor. One could say it’s a straightforward three-step process.
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Oakmont Capital Services (OCS) has successfully implemented the artificial intelligence (AI) suite of products from Tamarack Technology as part of its efforts to “work smarter” by using tech to enhance workflow and increase operational efficiency.
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Tamarack has expanded its AI solutions team with the addition of Jeremy Fisher. In his role as a senior data engineer, Fisher will focus his time on increasing the company’s data integration, structured storage and analysis capabilities, integrating equipment finance software in Tamarack’s AI and machine learning product suite.
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AI is making employees more productive, companies more competitive, and once again bringing the counterintuitive reality of Jevons Paradox into view.
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