Equipment Finance is a business that feels like running on a treadmill set at twelve. And the roughly 12,500 finance brokers operating in the space are trying to help lenders keep up.

Everyone has heard the saying about doing things right vs doing the right things. Being really good at doing something that doesn’t matter, doesn’t really have much benefit. But the lesson is not about making a choice; it’s about understanding the two “rights” and doing both to be more productive.

A combination of new demand and new competitors has brought equipment finance to a turning point where business-as-usual is no longer an effective approach and the risk of stalling out is a real probability.

A decade ago, AI was a buzzword with little practical application in equipment finance. Today, companies in our industry are utilizing artificial intelligence for the purposes of prediction and automation, streamlining internal processes to increase productivity and drive better deal outcomes.

Now there’s a new kid on the block for underwriters and business managers when it comes to predicting payments – AI based predictors.

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.

A recent addition to Tamarack, Aaron Jackson has hit the ground running with his work as a data analyst on Tamarack’s artificial intelligence team. Born and raised here in the north, the subject of this month’s “Get to Know…” is a Minnesotan to his core.

When Amy isn’t working tirelessly for Tamarack, she is traveling the world, enjoying the beautiful Minnesota summers and working to save the endangered monarch butterfly. In this edition of “Get to know…,” we dive into all things Amy!

Business media, led by the Wall Street Journal, is trying to help companies deal with the new norm. WSJ has published over a dozen articles on the subject in the last month addressing everything from real estate and urban design to wages and new regulations requiring remote work options.