Tamarack’s culture is built around hard work, celebrating our successes and family. Our clients, partners and readers of the newsletter know that we regularly celebrate accomplishments in these areas.
Celebrating hard work, family and victory! September 2024 Newsletter Photo Courtesy of World Triathalon
Tamarack’s culture is built around hard work, celebrating our successes and family. This month, we celebrate all three of these areas and a truly amazing accomplishment with a wonderful family.
Kendall Gretsch, daughter of Tamarack’s own Rick Gretsch (board member and senior product manager) and his wife Patty, won her seventh Paralympic medal. At the 2024 Paralympics in Paris, Kendall won the silver medal in the women’s triathlon. A four-time Paralympian born with spina bifida, Gretsch completed the course in 1 hour, 7 minutes, 46 seconds – finishing 83 seconds off first place. She won gold in an exciting sprint finish at the 2020 Paralympics in Tokyo.
She has now won seven Paralympic medals – four gold, two silver and one bronze. She won a gold medal in biathlon and another in cross-country skiing at the 2018 Paralympic Winter Games in Pyeongchang. Gretsch won gold, silver and bronze medals at the 2022 Winter Games in Beijing. She is one of only five Paralympians EVER to have won gold medals in both the Summer and Winter Paralympic Games. She is also the first American to claim a medal in the biathlon in either the Olympics or Paralympics. Read more about Kendall’s accomplishments here.
To be an athlete at the Paralympic/professional level, it takes a strong support system. From her start in the pool to her transition to the road (and the slopes) and through training, tryouts and to the Paralympics, the extended Gretsch family of mom, dad, sisters, aunts, uncles, cousins, nieces and nephew have been with Kendall at every stage.
We couldn’t be prouder of Kendall’s performance in Paris! Please join us in congratulating Kendall and the Gretsch family on this great accomplishment.
In this second installment of our three-part series on operational strategies for accounting month-end reporting, we focus on the importance of segregating your general ledger accounts using your different Lease Types and how that ultimately impacts your reconciliation process. This installment will provide you with a clearer understanding of how to optimize your reconciliation process through effective Lease Type segregation and how that ultimately plays a large part in your monthly reconciliation procedures.
A recent hire but a longtime company friend, Shelly Kirsch joined Tamarack earlier this year as a senior application consultant. In her role she leads clients through a variety of projects including implementations, system assessments and migrations.In this “Get to know” edition, we learn about the range of activities that Kirsch enjoys – biking, skiing, kayaking and golfing, as well as keeping up to date on corporate income tax regulations.
Syndifi and Tamarack partner to streamline equipment finance syndication for KLC Financial
Tamarack has partnered with Syndifi to streamline, simplify and enhance syndication for KLC Financial, LLC. The collaboration enables KLC to syndicate more effectively and elevate its operational efficiency. Working in tandem, the Syndifi platform and Tamarack’s SyndicationBuilder™ enhance the syndication process by eliminating time-consuming and labor-intensive activities.
Recently, Scott Nelson recorded a “Fireside Chat with Jesse” segment with Jesse Johnson, founder of Equipment Finance Cares. In the wide-ranging interview, Nelson discussed Tamarack’s direction, the application of AI and other new technologies as well as trends in the equipment finance industry.
Look for us at the 63rd ELFA Annual Convention, Oct. 27-29 in Austin, Texas. We’ll have a full contingent attending and presenting at the conference. Tamarack is involved in three panel discussions:
October 28 from 10:45-11:45 a.m.: Cleaning up a “Hot Mess” – addressing the business risks of data integrity.
October 28 from 2:30-3:30 p.m.: Best practices for building a modern EF platform leveraging the software ecosystem.
October 29 from 2:00-3:00 p.m.: AI in Commercial Credit Risk Decisioning.
If you plan on attending, let us know if you would like to set up a time to chat or simply say hello. To arrange a meeting, please contact Corey Ashline at cashline@tamarack.ai.
Tamarack heading to Indianapolis for NEFA Conference
In November, the Tamarack team will be heading to Indianapolis for the NEFA Fall Conference. At the conference, Tamarack will introduce attendees to the company’s latest software products, including SyndicationBuilder, and share updates to TrailView. Tamarack will also be participating in the panel discussion “I wish I knew then what I know now about the value of data – Reflections of brokers who transformed into lessors.” If you plan on attending, let us know if you would like to set up a time to chat or simply say hello. To arrange a meeting, please contact Corey Ashline at cashline@tamarack.ai.
This summer, Tamarack-branded gear has been spotted across the U.S. – from the New Jersey shore to the Pacific Northwest wilderness. Melissa (Mel) Vinson, CLFP, vice president of marketing & development at the CLFP Foundation, shared photos from the 43rd annual Providence Hood to Coast race showcasing the Tamarack camping flatware in use. Congratulations to Mel on a great race! Please share your photos of Tamarack gear in the “wild” at discover@tamarack.ai.
Perspectives
Data and analytics for EaaS success
Equipment as a Service (EaaS) challenges traditional leasing by emphasizing continuous asset management, customer behavior data, and subscription-based models. In the first of two installments for Equipment Finance Advisor, Scott Nelson explores how EaaS takes asset management to a new level and requires new types of data and new kinds of analysis.
The Summer Olympic Games may be over, but beyond the great competition and compelling athlete stories, Scott Nelson saw some great real-world examples of innovation. In his latest blog post, Nelson identifies three medal-winning ideas that equipment finance companies can glean from innovation at the Olympics.
Preparation can be daunting — especially with 1071
Discussions around compliance with Section 1071 of the Dodd-Frank Act have been swirling around for several years, but now they have taken on a greater sense of urgency. With deadlines quickly approaching, Tamarack’s Dan Nelson wondered if organizations felt prepared – so he asked. In this blog post, Nelson outlines the responses to three simple survey questions. You’ll be interested in reading what he learned and what it means.
Tamarack is a technology company that understands equipment finance. Access to capital provides access to data, and data protects capital. If you were forwarded this email we invite you to subscribe here.
