As we approach Thanksgiving, it's a perfect time to reflect not only on our personal situations but also on our company values...
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Embracing the warmth of the season
November 2024 Newsletter

As we approach Thanksgiving, it's a perfect time to reflect not only on our personal situations but also on our company values and how they align with the spirit of gratitude and togetherness that this holiday embodies. At Tamarack, we recognize our success is built on the foundation of strong relationships and effective teamwork, both within our organization and with our valued clients.

 

Our commitment to valuing relationships extends beyond our internal teams to encompass the collaborative partnerships we forge with our customers. We often find ourselves working side by side with client employees on project teams, creating a synergy that allows us to exceed expectations. This approach mirrors the Thanksgiving spirit of coming together and appreciating the unique contributions of each individual. By fostering an environment of open communication and mutual respect, we create a space where innovative ideas can flourish and where every team member, whether from Tamarack or our client organizations, feels valued and heard.

 

As we gather with loved ones this Thanksgiving, let's embrace the warmth of the season by carrying forward our spirit of appreciation and collaboration into the workplace. By nurturing a culture of gratitude and teamwork, we not only celebrate our achievements but also strengthen the valuable connections we build with each other and our customers.

 

Mitch Peterson, executive vice president of operations, Tamarack

In this issue:

  • Trail Mix: Oh No! “Remaining payments are not equal to Contract Balance Remaining.”
  • Seeking Trail Mix topics for 2025
  • Welcome Mike Olson
  • AI brings customer behavior and “The Nudge” back into view
  • ELFA Annual Recap: Capital, AI and a nasty blind spot, uncovered; Gen Z is poised to disrupt
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TrailMix
balance1

Oh No! “Remaining payments are not equal to Contract Balance Remaining.”

Accurate recording and balancing of lease/loan entries are crucial to ensuring that an organization’s financial statements reflect its true financial position and meet compliance requirements. Out of balance entries may cause misstatements in the trial balance and the financial statements. In the first of two installments, we discuss how to determine if a contract is out of balance, what it means to be out of balance, and the ramifications.

Read full post »

Seeking Trail Mix topics for 2025

What pressing problems have you been wrangling with this year? Do you have an idea or favorite tip for an upcoming Trail Mix post? Submit your ideas to trailmix@tamarack.ai. If we use your suggestion, we’ll send you a Tamarack Yeti-brand tumbler.

Tamarack News

Welcome Mike Olson

Mike Olson has joined Tamarack as client success director. In his new role, the Wells Fargo alum is tasked with delivering on Tamarack’s commitment to exceptional client service while helping lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance operations.

Olson Current Headshot
Read news release »

Perspectives
elephant-nudge

AI brings customer behavior and “The Nudge” back into view

AI is reshaping how equipment finance companies manage customer behavior risks, leveraging ‘The Nudge’ to guide customers towards better financial wellness. In his most recent piece for the Monitor, Scott Nelson explores how equipment finance organizations can use empathetic, AI-enhanced nudging to build stronger, more proactive relationships, creating success for both lenders and borrowers alike.

Read full post »
GenZ-disrupt

ELFA Annual Recap: Capital, AI and a nasty blind spot, uncovered; Gen Z is poised to disrupt

The ELFA Annual Convention is always a stimulating and thought-provoking event. With Austin in the rearview mirror, Scott Nelson took some time to consolidate his thoughts on the Convention’s speakers, panels and hallway conversations. In his latest blog post, Nelson shares his three takeaways: Capital, AI and the uncovering of a nasty blind spot for the industry.

Read full post »

Connect with Tamarack

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.

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550 Vandalia Street, Suite 309,
St. Paul, Minnesota 55114,
(888) 952-8268

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