Perspectives

By Tamarack |   Sep 23, 2021

For many Lessors with teams operating across multiple time zones, it is critical to maximize system availability. This requires a holistic study of all aspects of system operations, but we have found the daily and monthly execution of batch processing like Nightly Job Stream (NJS) to be “low hanging fruit” to monitor and improve performance.

By Tamarack |   Sep 21, 2021

Many commercial finance companies consider themselves “relationship businesses.” The leaders of these companies often see digital transformation as a potential threat to the foundational relationships of the business. Scott Nelson, Chief Digital Officer at Tamarack Technology, explains how digital can extend and strengthen relationships while providing scale to businesses when considered in the right context.

By Tamarack |   Aug 30, 2021

Have you come across a situation whereby you need to set a group of contracts and assets to a tax rate not supported by the Vertex “L” Series rate database? InfoLease does provide SUPs (Special Update Programs) to update tax codes and rates.

By Daniel Nelson |   Aug 25, 2021

Historically, we experienced the concept of real-time data in analog systems like driving a car and heating or cooling a house. But digital has changed the value of real-time data because it makes that data portable, accessible and more usable. Equipment finance in the days of analog – paper contracts and accounting spreadsheets – had little use for real-time data. But in a digital world, the value of real-time data is increasing and we must learn to take full advantage.

By Scott Nelson |   Aug 25, 2021

“Put the customer first” is a business fundamental as old as the occupations of baker, brewer and candlestick maker. But our relationships with customers have changed dramatically since the time of town square markets. Thanks to exponential technologies like the Internet, social media, software-as-aservice and the Internet of Things (IoT), change is accelerating dramatically and the world of equipment finance is no different than other industries. We too are having to keep up with change and one could even say we have been behind given our anxiety around fintechs, cybercurrencies and new ecommerce competitors.

By Scott Nelson |   Aug 24, 2021

For some curiosity is natural and instinctive. But others must learn how to learn - just as children do in their early years when they are encouraged to ask questions. The complexity of modern day business and pressures to conform to operational tenets can diffuse the clarity that comes from questions and learning.

By Tamarack |   Aug 20, 2021

How do we prepare ourselves for a future that requires business digitalization? That is the question that Deborah Reuben, David Woodroffe, and Scott Nelson set out to answer during the latest ELFA Wednesday Webinar sponsored by the BCBS committee and moderated by FIS’s Joseph Franco.

By Tamarack |   Aug 18, 2021

We’ve shared the tips and tricks that we find helpful, but now we want to hear from you. Do you have any problems that you just can’t seem to find the solution to or processes that you find cumbersome? Any tips you’ve found useful that you think could benefit others? Submit your problems, ideas, or tips to trailmix@tamaracknow.com. If we use your idea, we’ll send you a Tamarack Yeti-brand tumbler and some edible trail mix to go with it.

By Scott Nelson |   Aug 17, 2021

The equipment finance industry “owns the invoice,” putting lessors at the nexus for helping customers connect among a growing list of sectors. Scott Nelson details the steps necessary for defining the good, the bad and the ugly for invoice methods and techniques.

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