The Equipment Leasing and Finance Association released the 2020 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. Whether companies are seeking to increase efficiency, improve the customer experience, secure their data or meet changing employee needs during the COVID-19 pandemic, among other goals, the guide will help them discover technology tools to solve problems and create opportunity.

The 2020 ELFA Software Guide includes “6 Tech Trends Facing Equipment Finance,” highlighting the changing nature of work in the face of the COVID-19 pandemic. The trends include:

1. Remote adoption will create a hybrid approach to working.
2. New technology and legacy processes must merge.
3. Videoconferences should be used—and managed.
4. Front- and back-end systems are adopting new technology.
5. Cybersecurity has gotten more complex.
6. Investment in the client experience is essential.

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 2020 ELFA Software Guide:

• Browse the digital publication here.
• Search the online listing here.