The equipment finance industry is facing a choice not unlike the choices traditional retailers faced in the late 1990s: Adapt now or risk falling behind, a new White Paper from Northteq maintains.
"Automation in Equipment Finance: A Leader's Guide to Efficient Lending Operations" notes that success in automation comes from starting small and offers a number of resources for those in equipment finance who are contemplating automation.
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
To learn more about 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, visit this site.