What You Need to Know Now

Now Available: New Interactive SEFA Dashboard

The Interactive SEFA Dashboard has been updated for 2019 and is full of cutting-edge industry data. This free tool—which is only available to ELFA members—allows you to quickly and easily connect to a decade of critical statistics from the Survey of Equipment Finance Activity. In just a few clicks, you can segment the data by year, type of organization, market segment, size of organization and business model. It’s easy to select categories, add filters anddrill down into specific information.

• Benchmark your company against others in the industry.
• Find your own insights and identify trends.
• Uncover new business opportunities and more.

Visit the Dashboard at www.elfaonline.org/InteractiveSEFA.

Tech Innovation Winners Announced

At the Operations & Technology Conference in Chicago in September, the 2019 Operations and Technology Excellence Award was presented to two member companies. Cisco Systems Capital Corporation was recognized for Project Excellence and John Deere Financial was recognized for Excellence in Innovation.

Cisco Systems Capital Corporation was recognized for designing and implementing a single credit platform that enables sales. The company retired its former credit systems and replaced them with a consolidated platform to drive continued innovation and maintain best-of-breed credit practices. The new system accelerates credit decisioning, serves as a sole credit portal and upholds credit policy. The result is improved work flow, a simplified and more efficient credit approval process and reduced operating expenses.

John Deere Financial was recognized for developing an automated equipment inventory system. Using telematics technology, the new system enables the geo-location of equipment to verify its presence at dealerships. The new system, currently in trial stages, connects data from disparate platforms and offers a simple dashboard that makes it easy to verify the presence of hundreds of high-value assets at dealerships at any given time and identify inventory discrepancies. Moving from manual inventory inspection to automated inspection has the potential to streamline the inventory inspection process, increasing efficiencies and reducing costs.

Jennifer Martin, VP, Leasing and Vendor Program Support at Key Equipment Finance and Subcommittee Chair for the award, noted that a record number of submissions were received this year. Learn more at www.elfaonline.org/about/awards/OTE.

 

Frasier to Receive Distinguished Service Award

ELFA has selected Lori Frasier to receive the 2019 Michael J. Fleming Distinguished Service Award. The award honors individuals who have made significant contributions to the association and the equipment finance industry. Frasier will be formally recognized during a ceremony at the 58th ELFA Annual Convention in Washington, D.C., in October.

Frasier is recognized as the driving force behind the creation and growth of the ELFA Women’s Council. Under Frasier’s leadership, the Council has developed a number of successful initiatives to increase the engagement of women across the association.

The Council launched the ELFA Women’s Leadership Forum, a popular annual event focused on leadership development for women at all stages of an equipment finance career. At the ELFA Annual Convention, the Council has presented well-received breakout sessions on gender-balanced leadership and expanded participation in the Women’s Council Reception. In addition, the Council launched the ELFA Women4Inclusion LinkedIn group, an online network that brings industry professionals together in support of gender-balanced leadership and inclusion.

The mission of the ELFA Women’s Council is to lead the evolution of ELFA into a more accessible, inclusive organization that reflects the diversity of the membership and the markets they serve. The Council is committed to providing more access and inclusiveness to women at all stages in their equipment finance careers by focusing on awareness, advocacy and action.

Dues Renewal Season
Is Around the Corner!

Key Dates to Remember….
November 1, 2019—2020 dues invoices mailed to Key Contacts
December 31, 2019—Deadline to pay 2020 dues
Throughout 2020—Take advantage of ELFA’s many benefits!

  

Membership Minute

TWEET your excitement about the 2019 ELFA Annual Convention! Engage with industry professionals and send one or more tweets using the hashtag #ELFAConvention between Sept. 1 and Oct. 30, and you will be entered into a drawing to win a sought-after ELFA mug and a $25 Amazon gift card. Learn more and see sample tweets at https://apps.elfaonline.org/events/2019/ac/socmed.cfm. Contact Amy Vogt at [email protected] with questions.

2019 Principles Workshops Finish Strong

THE LAST of the 2019 Principles of Leasing and Finance Workshops was held Sept. 10-12, hosted by Stonebriar Commercial Finance in Plano, Texas. More than 20 attendees learned the benefits of equipment finance, the types of lease and finance transactions, fraud detection and prevention, and an overview of lease accounting. The next workshop will be held in Chicago in April 2020. Keep an eye out for more information. For questions, contact Alexa Carnibella at [email protected]

 

Fact Sheets Highlight Vertical Markets

Ever wonder how prevalent equipment financing is in a particular industry? As part of ELFA’s campaign to promote equipment finance, the association has released a series of fact sheets that reveal equipment finance statistics and facts for 10 industries. View more on the association’s end-user website, www.equipmentfinanceadvantage.org/Abt/facts.cfm.