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The Equipment Leasing and Finance Association released the 2019 ELFA Software Guide showcasing the leading software solutions for the equipment finance industry. The guide is designed to help equipment finance companies compete in the new digital frontier, as more organizations take steps to innovate their business processes, tackle new technology projects and invest in systems upgrades.
The 2019 Software Guide includes “7 Technology Steps to Take Now,” outlining actions companies can take to incorporate emerging technologies into their operations, including:
- Determine your best benefit from data analytics
- Implement smart contracts
- Look for opportunities to apply AI
- Increase your vigilance against fraud
- Think about where to use blockchain
- Look and learn outside equipment finance
- Modernize your IT systems
The guide also includes “Quick Quiz: How do you know when it’s time to upgrade your software platform?”
Visit the ELFA website to access the full 2019 ELFA Software Guide:
Learn more about technology and the equipment finance industry at the 2019 ELFA Operations & Technology Conference, Sept. 16-18 in Chicago.