ELFA Mobile

Northteq White Paper: Automation in Equipment Finance

Posted 02/25/2025

Northteq recently published a new white paper, "Automation in Equipment Finance: A Leader's Guide to Efficient Lending Operations."

Quick summary:
While some lenders embrace automation, others cling to manual processes that introduce errors, drive up costs, and make scaling impossible. Our comprehensive white paper shows how forward-thinking equipment finance companies are using automation to thrive and grow.

Readers will learn:

  • How automation can reduce loan/lease processing time by up to 40%
  • Why 85% of companies now consider automation and AI a mainstream technology in finance
  • Real success stories of lenders who've cut approval times from hours to minutes
  • Practical steps to implement automation without disrupting operations

Discover how companies like LBX Capital achieved 311% growth through strategic automation of their credit approval process, transforming what was once a manual process involving "hundreds of emails and hours of coordination" into a streamlined workflow that takes just seven minutes.

Download the white paper today! HERE

Author
Tara Lassin
Organization
Northteq
Phone Number
3125239423