Well, it’s back-to-school time again. August has always been a favorite time of year for me because I love learning and for much of my life that itch was scratched at school.
Well, it’s back-to-school time again. August has always been a favorite time of year for me because I love learning about new things and for much of my life that itch was scratched at school. I have six grandchildren now who are all “sponges” when it comes to learning. I never get tired of watching them figure out how things work.
My two youngest granddaughters, born 10 days and 10 miles apart, are best buddies and use the same catchy phrase whenever they run across something new -- “What’s that guy?” The answer to the question is not always easy. Even though I am well versed in the thermodynamics of vapor-liquid equilibriums, for example, I struggled to explain steam coming off a hot drink to a 2-year-old. But the desire to learn is a superpower, so I am excited whenever I hear “What’s that guy?”
Learning doesn’t just happen when you are young or in school; we learn throughout our lives. I am a big proponent of learning from the perspectives of others. Asking questions is a key to design-thinking as well.
We were fortunate this year to have an intern on staff to remind us of the joy of curiosity and its critical role in learning. Alkis Morellas spent his summer with Tamarack learning about equipment finance while doing some of the background business intelligence and data engineering work that helps us support our customers and develop new products.
Alkis was kind enough to share his learnings in a post for Equipment Finance Advisor. I looked forward to it because I knew his assessments and observations would be honest and unbiased by decades of “that’s how we do it.” Alkis’ comments on the speed and layering in the equipment finance industry were insightful and prompted me to look differently at how applications layer on top of data infrastructures.
Whenever I see an inflection point in a data trendline now, I ask, “What’s that guy?”
In the fast-paced world of accounting, month-end reporting is a critical process that ensures the accuracy and integrity of financial statements. In this first installment of our three-part series on operational strategies for accounting month-end reporting, Shelly Kirsch delves into the high-level reconciliation strategies that can streamline your processes and improve efficiency. We explore the essential steps and best practices that form the foundation of an effective month-end close, from initial preparation to final review.
At Tamarack, we value your feedback and want to help you prepare for Section 1071. Whether you are on track, behind or unsure when you’ll be compliant with the federal rule, we’d love to know. To get a better pulse on our industry’s preparedness, we are conducting a short survey – just three questions! Please take a few minutes and fill out the survey for a chance to receive a 20-ounce Yeti tumbler or a Nike hat.
As a senior consultant, Karl Crandall supports front-end development and delivery of technology. A 2022 addition to the Tamarack team, he has more than 25 years of experience working with the lease and loan origination platform -- from credit and documentation to funding and interfacing with various external applications during the lifecycle of a loan/lease. In this installment, we learn some surprising and interesting things about Karl.
Tamarack and Syndifi, Inc. have entered into a strategic partnership focused on addressing the needs of capital market teams. The Syndifi platform and Tamarack’s SyndicationBuilder™ work in tandem to enhance the syndication process by eliminating time-consuming and labor-intensive activities. The companies plan to integrate the two offerings, develop product enhancements and pursue customer applications.
Tamarack welcomes Shelly Kirsch as a senior application consultant. In her role, she will lead clients through a variety of projects including implementations, system assessments and migrations.
Tamarack is excited to announce that Tim Appleget, CLFP, director of SaaS products, has joined ELFA’s Operations & Technology Committee. An experienced equipment finance leader of technology and business operations teams, Appleget fills the seat vacated by Darren Tauer’s retirement.
Equipment Finance News: Lenders look to AI for infrastructure, efficiency
In early August, Tamarack CTO and President Scott Nelson was interviewed by Equipment Finance News regarding how equipment lenders are leveraging AI across all industries. According to Nelson, AI is already being used for productivity and risk management in the equipment finance space, and lenders are looking at AI for mass data analysis and infrastructure optimization.
We’re looking forward to catching up with everyone at the 2024 Operations & Technology Conference and Exhibition in Nashville on September 9-11. This year’s theme focuses on “connecting technology and people” and will feature engaging discussion topics. In addition to having a booth in the exhibit hall, Tamarack will participate in several discussions. Be sure to stop by and say hi while you are at Ops & Tech.
Tamarack prepares for annual NEFA and ELFA gatherings
This fall, the Tamarack team is hitting the road. Look for us at the 63rd ELFA Annual Convention, Oct. 27-29 in Austin, Texas, and the NEFA Fall Conference, Nov. 11-14 in Indianapolis. Both events offer great opportunities to connect with colleagues and learn about the latest technologies and trends. At ELFA, Tamarack will be involved in several educational sessions (stay tuned for more information). 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.
4 things I learned about equipment finance this summer
This summer, Alkis Morellas, a graduate student at the Carlson School of Management, University of Minnesota, interned at Tamarack. Thrown into the deep end, Alkis learned about equipment finance while working with the company’s business intelligence and data engineering products. Before he left, we asked him to share what he learned. We were blown away by his responses AND gave it to Equipment Finance Advisor to share with others in the industry.
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