2020 Industry Future Council Convenes

Gathering expands contribution for long-term impact

The Equipment Leasing & Finance Foundation’s Industry Future Council (IFC) is evolving this year into a working council.  Comprised of a cross-section of selected equipment finance industry executives, the group will engage in on-going conversations and develop tools to use in strategic planning throughout 2020 and beyond.  The group kickstarted its work with Foresight Alliance futurists, who facilitated the recent convening of the IFC on Feb. 11 in Washington, D.C.



To prepare for futures thinking, Terry Grim and Christopher Kent provided a lesson in “How to Think Like a Futurist,” then guided the group’s conversations exploring trends, challenges and opportunities that companies and industry leaders need to consider to shape the future of equipment finance.
 
Sponsored by PayNet, Inc. and IDS, themes the IFC will explore this year include:

Technological innovation. Rapid technological change will challenge the industry to adapt and adopt the most relevant innovations and collaborate to use—and compete with—Fintech.

Client experience. The client experience will change, driven by technology and industry evolution, and by the evolving expectations of new generations of customers, who will bring new needs and preferences.

Service models of the future. New service models—leasing as a platform, subscriptions and usage-based pricing—are opening new areas of opportunity, fostering technology development and upending outdated ideas about leasing.

Evolving shape of the industry. The equipment finance industry is simultaneously consolidating, diversifying and being disrupted by automation, Fintech and new technologies—portending an industry that could look quite different in the future.

The 2020 Industry Future Council will be spotlighted in the new Equipment Leasing & Finance Foundation podcast, now available via your favorite streaming platform. Visit the Foundation website at www.leasefoundation.org to learn more.

Going Digital

The feature article in the Winter Issue of the Journal of Equipment Lease Financing, “The Impact of Digital Lending on Equipment Finance,” assesses the current state of digital lending, the key trends impacting equipment finance companies and recommended approaches to consider as the pace of digitalization increases.
 
Three times a year, the Journal publishes leading research across all the major topics of the industry and is distributed electronically to a wide audience. Interested in writing for the Journal? Review the author guidelines and submit your article for review by April 17 for consideration in the Spring issue. Learn more at www.leasefoundation.org.

Save the Date for Third Annual Day of Giving Campaign

On Tuesday, June 2, the Foundation’s third annual Day of Giving will launch! As we celebrate over 30 years of being your eye on the future, please plan to give back to the equipment finance industry with a 100% tax-deductible gift to the Foundation on June 2. Through invaluable research studies—all FREE to access—and guest lectures, the Foundation helps you navigate the future to make better business and personal career decisions to stay ahead of the curve.

Help us spread the word across social media to attract 50 new donors! Your donation will contribute to our one-day goal of $15,000; no amount is too small. A gift to the Foundation is a strategic investment as donors gain insightful business knowledge by having access to the latest industry data before it is made available to the public. Learn more at http://bit.ly/ELFFDayofGiving.