Accurate and efficient month-end reporting hinges on the ability to categorize and manage different types of leases effectively and mapping that to your general ledger for financial reporting purposes.

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In the fast-paced world of accounting, month-end reporting is a critical process that ensures the accuracy and integrity of financial statements.

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For this Trail Mix installment, we outline how to calculate customer exposure in Solifi’s Lease and Loan Portfolio Management Software (formerly InfoLease).

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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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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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Recently, we received a follow-up question to the September 2021 Trail Mix: We often experience users anxious to get back into the system after month-end processing. Although the Period End flag has been cleared allowing this to occur technically, we still wish to prevent users from performing maintenance until the accounting/finance has given the “all clear.” How do you recommend we prevent users from accessing the system during these periods?

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