The end of the year is an opportune time to reflect on our achievements and look forward with a sense of renewal and opportunity to the exciting possibilities that lie ahead. 

It is also a time to celebrate the relationships we have built and invest in creating new connections. To that end, we are developing an efficiency scorecard for equipment finance organizations. This tool will allow companies to assess their operational efficiency and technology maturity — and will deliver an output with recommendations. The goal is to help our partners make data-driven decisions and drive the industry forward through strategic insights. There is nothing like uncovering simple, low-effort changes that drive tangible results. 

In both our future plans and past successes, one thing is constant: our commitment to delivering innovation and pursuing insights that create value through our deep equipment finance experience. Working together, we are hopeful that our collective success in this coming year will create a ripple effect of positive change throughout the industry. 

But first, we’ll pause to enjoy the celebrations of this season – and we hope you do too.

Mitch Peterson, executive vice president of operations, Tamarack

In this issue:

• Trail Mix: How to fix or prevent an out of balance contract
• Seeking Trail Mix ideas
• LSI Equipment Leasing implements Tamarack DataConsole™ and TURBO-Lease integration
• Get to know Mike Olson
• AI adopters encounter a more dangerous paradox

No one likes the dreaded “out of balance” message. In part 2 of the “Oh No! ‘Remaining payments are not equal to Contract Balance Remaining’” series, we share some ideas for how to fix an out of balance contract and how to prevent one in the future.

LSI Equipment Leasing implements Tamarack DataConsole™ and TURBO-Lease integration

Regional farming and construction leasing company LSI Equipment Leasing has implemented Tamarack’s DataConsole™ business intelligence in tandem with the TURBO-Lease back-office software to support business growth and drive operational efficiency. The integrated solution replaces time-consuming manual processes with automated reporting via the DataConsole platform connected to the TURBO-Lease contract management system software.

Get to know Mike Olson

A new face at Tamarack, Mike Olson serves as the director of client success – a brand new position at the company. His goal is to deepen Tamarack’s relationship with clients to ensure they are achieving current goals and moving toward those of the future. Read on to get to know Mike!

AI adopters encounter a more dangerous paradox

In his latest blog post, Scott Nelson introduces readers to Munger’s Paradox as it applies to the AI discussion. In essence, it addresses how “technology commoditizes the producers’ position.” Using a set of simple questions from Sangeet Paul Choudary to help AI adopters identify the risk an increase in productivity might pose as well as help identify adjustments that might be made to avoid losing the benefits, Nelson contends that in the equipment finance industry, the “attentive and prepared” have the opportunity to parry threats and thrive with new advantages of scale.

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.