Tamarack Equipment Finance Assessment
Equipment Finance Platform and Technology Modernization
In-depth evaluation for recommended solutions and steps to guide your path to success
The Tamarack Equipment Finance Assessment evaluates the alignment and efficacy of an Equipment Finance company’s systems with the workflows of the operation. The Assessment is performed by subject matter experts from the team of Tamarack Technology and Hunter & Company who use a standard methodology and report template to complete a comprehensive investigation and analysis of the equipment finance lifecycle as implemented in the existing systems. The system assessment approach helps companies avoid “putting band aides” on customer systems when the systems are not fully aligned with workflow.
The Tamarack Equipment Finance Assessment addresses the full Equipment Finance lifecycle including the following categories:
- Prospecting and Sales
- Origination
- Underwriting and Credit Approval
- Closing, Booking and Funding
- Servicing
- Portfolio Administration
- Document Management
- Reporting
- General Administration
Within each category our subject matter experts will drill down into a total of 45 functional sub-categories (see Table 1).
Each Assessment takes approximately two weeks to complete. At the conclusion of the assessment Tamarack will present our findings, provide you with a written report regarding each of the nine categories and make recommendations on any areas that may require additional attention as part of a modernization plan that addresses company strategy and goals.
The cost of the Tamarack Equipment Finance Assessment varies based on the size and complexity of an organization. Please contact your Tamarack Representative for a quote.
| Category | Function |
|---|---|
| Prospecting and Sales | Customer Relationship Management |
| Product Development | |
| Sales Pipeline Management | |
| New Vendor Setup | |
| Origination | Credit Application |
| Client Information Gathering | |
| Structure Deal | |
| Exposure Aggregation | |
| Statement Spreading | |
| Risk Rating | |
| Pricing | |
| Underwriting & Credit Approval | Due Diligence |
| Credit Decision | |
| Closing, Booking, & Funding | Pre-Closing |
| Document Preparation | |
| Closing | |
| Post-Closing | |
| Booking | |
| Funding | |
| Servicing | Payment Processing |
| Account Maintenance | |
| Customer Statements/Invoicing | |
| Payoffs | |
| Accounting | |
| Asset Management | |
| Asset Management - Vendor | |
| Tax Management | |
| Collections | |
| Portfolio Administration | Annual Reviews |
| Renewals | |
| Covenant Management | |
| Collateral Management | |
| Exposure Management | |
| Document Management | Document Retention |
| Document Generation | |
| Document Imaging | |
| Reporting | Report Generation |
| Reporting Parameters | |
| Business Reporting | |
| Regulatory Reporting | |
| Operations Reporting | |
| General Administration | Workflow |
| Configuration | |
| Notifications | |
| User Interface |