Includes Checklist for Evaluating Your Software Solution
Washington, D.C. – The increasing reliance on technology by equipment finance companies in virtually every aspect of their businesses makes investment in software solutions a critical consideration. To assist in the decision-making process, today the Equipment Leasing and Finance Association released the 2021 ELFA Software Guide showcasing the leading software solutions for the equipment finance industry.
The 2021 ELFA Software Guide includes a new “Checklist for Evaluating Your Software Solution,” which includes expert recommendations from members of ELFA’s Operations & Technology Committee, Technology Innovation Workgroup and software service providers. Key areas to consider include:
- Define Your Goal
- Configured vs. Customized
- Integration with System Architecture
- Cloud Native
- Flexibility to Support Growth
- Usability/Ease of Use
- Support
- Vendor Selection
- Peer Experience
The guide also includes “5 Trends Changing Our Workplace” as the COVID-19 pandemic continues to recede in the U.S. and equipment finance companies redesign their technology roadmaps, including:
- Innovating apart
- Creating more agile systems
- Finding optimal balance between people and technology
- Removing unconscious bias in technology
- Leading through uncertainty
Access the 2021 ELFA Software Guide
Visit the ELFA website to access the 2021 ELFA Software Guide, including detailed listings for 19 software vendors and links to the latest ELFA technology resources:
About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. In 2021, ELFA is celebrating 60 years of equipping business for success. For more information, please visit www.elfaonline.org.
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