Transformation
Equipment as a Service (EaaS) is creating a buzz in equipment finance. The belief that subscriptions have better Lifetime Value (LTV) because they never end versus a lease or contract that generates payments for a fixed period is an attractive proposition.
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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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Tamarack has expanded its executive leadership team with the addition of Mitch Peterson as executive vice president of operations. In this role, Peterson will lead the company’s professional services team and oversee all IT and human resources activities.
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Recognizing that introducing artificial intelligence (AI) into an organization can be a daunting task, Tamarack has released a whitepaper explaining how AI can be used within the equipment finance industry: “Five steps to organizational transformation in equipment finance using AI” is available for free download at tamarack.ai/whitepapers/.
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In digital transformation efforts the most common good-enough challenge we hear is the CIO’s common question – “Is our data good enough?”
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