St. Paul, Minn. (Nov.14, 2023) — Tamarack Technology, a leading provider of artificial intelligence (AI)-based automation and business intelligence software designed for the equipment finance industry, has released a comprehensive whitepaper aimed at guiding equipment finance companies in harnessing the potential of AI for effective risk management and decision-making. The whitepaper, titled "AI ushers in the next generation of risk management for equipment finance," is available for free download at tamarack.ai/whitepapers/ai-risk-management.
“Risk management, and specifically credit risk management, is a core function of any equipment finance business,” said Scott Nelson, president and chief digital officer of Tamarack Technology. “AI is defining the next generation of risk management, and leaders who adopt AI to manage risk in their business operations will tip the risk-reward balance to more rewards. AI enables engaging risk without suffering unwanted consequences.”
As part of Tamarack Technology’s ongoing commitment to empowering equipment finance companies, the whitepaper delves into the pivotal role of AI in streamlining risk management processes and expediting data-driven decisions. It not only highlights how AI simplifies risk management but also underscores its ability to enhance efficiency and accelerate risk-based choices. The whitepaper also shares real-world examples illustrating how AI implementation can effectively mitigate risks.
“AI not only augments our ability to assess risks, but also opens new avenues for strategic decision-making – it is revolutionizing risk management,” said Nelson. “By leveraging AI technologies, equipment finance companies can gain invaluable insights from vast datasets, enabling them to make informed, data-driven decisions that are crucial for sustainable growth and profitability.”
An industry leader for driving innovation within the equipment finance industry, Tamarack offers a suite of AI products that leverage a lessor’s historical and operational data to predict financial outcomes and improve operational performance. Through AI, Tamarack is helping lessors protect their investments, improve business performance, and provide customers with access to solutions that enhance operations and financial results. Its AI product suite includes three primary offerings: Data Console Business Intelligence; AI Automation Predictors; and TrailView™ Customer Self-Service Portal.
For more information or to download the Next Generation Risk Management whitepaper visit tamarack.ai/whitepapers/ai-risk-management
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, email discover@tamarack.ai or visit www.tamarack.ai.