Gather Around the Campfire: A Time to Share October 2024 Newsletter
As the days grow shorter and the air turns crisp, there’s something timeless about gathering around a campfire – especially here in the Midwest. An autumn campfire is a place where stories are told, ideas evaluated, futures dreamed and connections deepened.
I consider the annual fall industry conferences and webinars our collective campfires. These are the places where we share, learn and connect.
Next week, we will be at the ELFA annual conference. I am looking forward to seeing partners in thought leadership panels and meeting new people from the industry. I see a wide array of interesting keynote speakers, topical panel presentations and social events. I know it will be fun.
Looking ahead, we have another "campfire" moment coming with the NEFA Conference in Indianapolis from Nov. 11-14. I’m looking forward to once again gathering with industry peers, sharing insights, and strengthening the connections that build business success. So whether it’s around an actual fire, over steaming cups of pumpkin spice lattes, or through the wafting cigar smoke of a conversation with Bob Rinaldi, these moments of coming together are more important than ever.
Reconciliation of the components of net investment
In the final installment of our series on operational strategies for accounting month-end reporting, we focus on the reconciliation of the components of net investment. This critical aspect of the reconciliation process involves ensuring that all elements contributing to net investment are accurately accounted for and aligned with financial records. In this installment we’ll discuss the key components that make up net investment, common discrepancies that can arise, and detailed methodologies to reconcile these components effectively.
An SaaS-based solution designed to ensure equipment finance institutions comply with the impending Section 1071 of the Dodd-Frank Act,CloudComply 1071collects and manages demographic data as required by the legislation. It is the only current 1071-compliance offering that provides third-party data collection, storage and firewalling – guaranteeing lenders maintain the ability to make financial and credit decisions independent of the gathered demographic data.
For a limited time, Tamarack is offering complimentary two-hour advisory sessions to prospective clients. Tailored to organizational needs, the sessions are designed to help identify areas for growth and improvement, provide practical guidance and address specific business challenges. Areas examined include:
AI and Automation Insights: Learn how AI can revolutionize risk management and decision-making
Data-Driven Strategies: Discover key reporting and performance indicators to enhance business intelligence
Industry Trends: Receive expert guidance on planning a technology roadmap to navigate the latest developments in equipment finance
A limited number of advisory sessions are available. To learn more and get started, contact Corey Ashline at cashline@tamarack.ai.
Scott Nelson joins Monitor Suite advisory team
Earlier this year, Scott Nelson was invited to join the Monitor Suite advisory team. A subscription-based platform from the Monitor, the Suite is a collection of research, data, insights and information for equipment financiers. As a member of the advisory team, Nelson participates in bi-monthly meetings with the board to discuss the latest developments with Monitor Suite and provide feedback and ideas about future content for the platform.
Tamarack Events
Looking forward to ELFA Annual Conference
The Tamarack team will be at the 63rd ELFA Annual Convention in Austin, Texas next week. If you are at the conference, be sure to stop by and say “hi.” In addition to meeting with equipment finance clients and colleagues, our team is involved in a number of panel discussions:
Cleaning up a “Hot Mess” – addressing the business risks of data integrity
Best practices for building a modern EF platform leveraging the software ecosystem
AI in Commercial Credit Risk Decisioning
If you can’t make it to ELFA or missed any of these panel discussions, we’d love to set up at time to discuss the topics and share key takeaways. Drop Corey Ashline an email at cashline@tamarack.ai to set up a call.
Tamarack heads to Indianapolis for NEFA Fall Conference
On November 11-14, the Tamarack team will be in Indianapolis for the NEFA Fall Conference. While there, we’ll introduce attendees to the company’s latest software products, including CloudComply 1071 and SyndicationBuilder,as well as share details on updates to TrailView. Tamarack’s Scott Nelson will also participate in the panel discussion “Reviewing the Film: Broker/Lessor Reflections; Industry Opportunities” on Nov. 13 from 3:45-4:45 p.m. The panel will also feature leaders from Fairway Capital, KLC Financial, Oakmont Capital Services and Rinaldi Advisory Services. If you plan on attending NEFA, 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.
Equipment as a Service (EaaS) challenges traditional leasing by emphasizing continuous asset management, customer behavior data, and subscription-based models. In part two of this Equipment Finance Advisor article, Scott Nelson discusseshow EaaS requires a shift from a traditional finance mindset centered on assets to that of a product manager focusing on delivering offerings to users in an accountable and cost-effective manner for their customers.
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.
