Many technology and operational leaders will read the 2023 US Bank CFO report and say – “Cost control is a nail again and technology is the hammer. Nothing new here.” But this would be a short-sighted read and miss the opportunity to partner with the CFOs to leverage the most impactful technology trend in the past 20 years for equipment finance, AI.

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AI was the topic at this year’s ELFA annual convention. Here are five takeaways Scott Nelson, president and CDO of Tamarack Technology, gleaned from the presentations and discussions at the convention.

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Tamarack Technology has released a comprehensive whitepaper aimed at guiding equipment finance companies in harnessing the potential of AI for effective risk management and decision-making.

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Equipment finance consulting firm TomorrowZone and Tamarack Technology, Inc., have entered into a strategic partnership to collaborate on programs and initiatives that advance innovation and the adoption of new technology with customers in the equipment finance industry.

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Monitor checked in with four technology leaders to learn more about how AI is impacting the industry and which technology is table stakes today. They also share one vital message for equipment finance leaders.

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Whether you want to advocate for the use of AI in your organization, impress someone at an ELFA or NEFA event, or just channel your inner Cliff Clavin at the next neighborhood social event, here are my favorite AI insights so far in 2023.

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