Hi everybody,

February has been a month for celebrating milestones with some great friends and customers.

We celebrated our first year of service with our AI product suite. The last 12 months have been filled with great customer engagements and learnings from applying AI technology to the equipment finance space. We’ve had a very busy year of developments and deployments. Our AI product suite now has more than 25 standard business intelligence dashboards, a comprehensive and highly scalable borrower/customer service portal and a half-dozen different AI Predictors. And we’re not done yet; look for more exciting announcements soon.

On February 8, we celebrated two industry milestones with our inaugural Tamarack AI customer KLC Financial and its founder, Marc Keepman. KLC hosted an Open House in its new office suite that was attended by local and national equipment finance industry leaders and NEFA members. In the past year, KLC has grown dramatically and completed the transition to becoming part of the Gulf Coast Bank team.

One of the reasons so many luminaries were in attendance was that it was also a retirement celebration for industry icon, Marc Keepman. Marc founded KLC and, with the help of its CEO Spencer Thomas (and its whole team), has made KLC into a “go-to” partner for businesses across the Midwest. Tamarack is honored to have been part of that journey and blessed to have KLC as such an important partner in the launch of our AI Products business.

Sincere congratulations and thanks to Marc, Spencer and the entire KLC team. We wish you all the best in your next adventures.

As we look ahead to the future, we hope to celebrate these types of milestones with all of our clients and friends.

Scott Nelson, president and CDO, Tamarack

In this issue:

• Trail Mix: Bonus Depreciation compliance
• Faces of Tamarack: Mariana Marchesini
• Nelson speaks to ELFA on AI, machine learning and big data
• Fisher promoted to manager of data engineering
• March conferences and events
• Enter the “Year of the Portfolio”
• Getting ahead with the help of data

Bonus Depreciation compliance

Recently, Tamarack helped several customers update their systems to be compliant with 80 percent Bonus Depreciation regulations that went into effect on January 1, 2023. In this edition of Trail Mix, we detail how to solve annual depreciation percents using the Ford F-150 as an example.

Get to know Mariana Marchesini

Remote work has become the norm post pandemic. But Tamarack professional services team member Mariana Marchesini has been doing it since long before it became common. After living in the United States for 14 years, she moved back to Spain 18 years ago and has been working remotely ever since. In this installment of “Get to know…,” learn about what lead to Mariana living and working in Spain and how she gained her expertise on Solifi’s Lease and Loan Portfolio Management Software (formerly InfoLease).

Nelson speaks to ELFA on AI, machine learning and big data

Earlier this week, Scott Nelson spoke to the ELFA Independent Business Council Steering Committee on the topic of technology and innovation within the equipment finance industry. Specifically, Nelson addressed how technologies such as AI, machine learning and big data can be used to address risk and improve customer experiences. The presentation slides can be viewed here. If you are interested in learning more about the technologies listed, please contact Nelson directly at snelson@tamarack.ai.

Fisher promoted to manager of data engineering

In order to support demand for Tamarack’s AI and machine learning product suite, Jeremy Fisher has been promoted to manager of data engineering. In his new role, Fisher will lead the data engineers performing both product development and client implementations to realize the full potential offered through the application of AI technology. He will also oversee Tamarack’s data integration, structured storage and data infrastructure capabilities as well as support specific customer needs.

March conferences and events

During March, the Tamarack team will be at the following industry conferences and events:

• ELFA 34th Annual National Funding Conference (March 14-16) in Chicago
• NEFA 2023 Finance Summit (March 21-24) in San Diego
• ELFA Executive Roundtable (March 26-28) in Amelia Island, Florida

If you’ll be at any of these events, please let us know (email ahedstrom@tamarack.ai) so we can set up a time to connect.

Enter the “Year of the Portfolio”

In a recent online exclusive post for Equipment Finance Advisor, Tamarack’s Tim Appleget and Scott Nelson proclaimed 2023 the “Year of the Portfolio.” According to the authors, the boon of originations combined with rapidly increasing interest rates and a looming recession have created an environment where unbalanced portfolios now represent the primary source of risk for equipment finance companies. This piece examines how we got here and how equipment finance leaders should respond and manage their portfolios given the challenges created by these market dynamics.

Getting ahead with the help of data

Earlier this month, Scott Nelson participated in an AACFB webinar on equipment leasing technology. His presentation, titled “Getting Ahead with the Help of Data,” focused on the data-centric technologies and tools needed to achieve an organization’s goals. A number of audience questions prompted his latest blog post. If you missed the presentation, the slides can be downloaded here and a video is available on AACFB’s YouTube channel.

See more posts and connect with us at Tamarack.ai

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.