The scale and volume of contracts and assets managed reflects the potential AI technology has for transformative impact on the equipment finance industry
St. Paul, Minn. (April 25, 2024) — Provider of services and data-driven technologies for equipment finance, Tamarack Technology, Inc., has reached a significant milestone with its Tamarack AI™ Product Suite. As of April 2024, Tamarack’s equipment finance customers are using its SaaS products to manage more than 50,000 contracts with combined Contract Balance Receivables over $5 billion.
“We’re on a mission to transform the equipment finance industry by helping companies deploy leading-edge technology and use best-in-class expertise to enhance their customer offerings, improve productivity, and drive best-in-class business performance,” said Tim Appleget, director of SaaS products at Tamarack. “This milestone not only highlights the effectiveness of Tamarack's data solutions but also underscores the increasing recognition of AI's transformative potential in the equipment finance industry at scale.”
Since its launch in 2021, the Tamarack AI Product Suite has been embraced by industry pioneers such as Dakota Financial, KLC Financial and Oakmont Capital Services. These early adopters have integrated the Tamarack suite into their operations to elevate their offerings, enhance productivity, and drive superior business performance.
"We've witnessed firsthand the rapid impact AI can have on how an organization uses its data; within weeks, customers begin to see the potential," added Appleget. "With our AI product suite, we harness both historical and real-time data to manage and mitigate risks, automate manual tasks within workflows, expedite financial decision-making with business intelligence and reporting, and significantly boost organizational productivity at a significant scale."
The Tamarack AI Product Suite is currently comprised of four main equipment finance solutions: DataConsole™ Business Intelligence, AIPredictors™, ExecutiveAIR™ and TrailView™ Customer Service Portal. The product suite offers a comprehensive array of solutions tailored to meet the diverse needs of the equipment finance sector and provide EF executives with actionable business intelligence that will drive transformation in the industry.
About Tamarack Technology, Inc.
Tamarack Technology is a leading provider of AI-based automation and business intelligence software specifically designed for the equipment finance industry. For more than 20 years, Tamarack has helped lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance financial results. The company’s professional services help customers with technology integration, implementation and data migration for the leading industry portfolio management platforms. Tamarack's suite of AI products connects and integrates key ecosystem applications using historical and real-time data to automate burdensome manual processes, drive operational efficiency with better, faster decision-making, and improve organizational productivity. For more information, emaildiscover@tamarack.ai, visit www.tamarack.ai or call (888) 952-8268.