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Engaging professional service providers is common in the equipment finance and leasing industry, but as the capabilities of these firms have expanded, the decision to outsource has become more complex. Monitor assembled a panel of experts who discuss the two vital steps of third-party engagement: deciding if a project should be outsourced and choosing the right provider. ... read more
August 2019
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Sometimes, the best source of inspiration comes from an outside perspective. At this year’s CEMC Fintech Innovation Summit, held this past June in California, attendees heard from a diverse array of speakers that offered unique viewpoints and lessons that could be applied back to the equipment financing industry.... read more
August 2019
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The participants in our Q&A represent some of the biggest banks in equipment finance, which fund everything from agriculture to healthcare services and anything in between. Bill Mayer, Joe Pucci, Mike Romanowski and Tom Rutherford offer their viewpoints on 2019 so far and their outlook on the months and years ahead.... read more
August 2019
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This year marks the 30th anniversary since Tim Berners-Lee invented the World Wide Web. It is challenging to fully understand the impact of how this has changed our lives. This one simple idea has transformed industries and given birth to companies like Amazon, Uber, and Netflix. However, when first conceived, there were many that questioned its use and others that said it could not be done. ... read more
June 2019
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2019 marks the tenth year I have contributed to the Monitor 100 publication. Indulge me, if you will, by allowing me to look back over the past decade to reminisce over what I have written about for the past ten Monitor 100 issues, taking another look at the road we traveled together.... read more
June 2019
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The 2019 Monitor 100 showcases the leading equipment leasing and finance companies reflecting their fiscal year end 2018 data. The leasing industry has enjoyed a remarkable renaissance since the Great Recession of 2008.The 28th annual list of Monitor 100 companies reported $514.1 billion in net assets, $201.1 billion in originations and 28,666 employees.... read more
June 2019
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Appearing in the Monitor 100 ranking is an achievement, but only the most successful companies in the industry make it to the top of the list. Guest Editor Bill Verhelle sat down with the leaders of six top companies to discuss the strategies they use to maintain dominance in such a complex and competitive marketplace. ... read more
June 2019
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Trying to get a read on current technology can be difficult enough, but trying to predict where it’s going, especially for a non-expert, can seem impossible. Monitor interviewed six executives from different software companies to provide a guide to both current and future digital trends.... read more
August 2019
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Steve Grosso, Jim Teal and Adam Warner sat down with Monitor for this year’s roundtable where they covered their experiences from 2018, the technological advances they’re seeing disrupt the industry and both the trouble and potential that could be coming down the pipeline for the industry.... read more
May/June 2019
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Spring brings with it an influx of new and returning conferences after the long, gray doldrums of winter. The ELFA this year hosted two major meetings: its 18th annual Investors Conference on Equipment Finance with co-host IMN and its 2nd annual Women’s Leadership Forum, an initiative born of the organization’s new focus on growing diversity within the equipment finance industry.... read more
May/June 2019
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In our personal lives, many of us use cloud storage programs like Dropbox and Gmail to enable us to login anywhere and find our stuff. Equipment finance businesses, however, have often lagged behind, using outdated technological solutions for data storage. Katie Emmel examines some of the options companies have for moving into the cloud era, advising them to study their choices before picking the one that is right for their needs.... read more
May/June 2019
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When we experience something new and feel that we’ve experienced it before, we call it déjà vu. But vuja de, the act of looking at something familiar with fresh eyes, is what can most benefit the equipment finance industry. Deborah Reuben takes a look at ways firms are enacting their own version of vuja de, especially when it comes to technological innovation.... read more
May/June 2019
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In retail, they say the customer is always right, but how is that idea being translated into other industries? Is your company actively seeking out customer feedback or encouraging its leadership to sit in on discussions with current or potential clients? If not, you may be missing out on key customer priorities or making costly mistakes. Consultant Kim Proctor looks at some common customer experience pitfalls and offers advice on how to create a happier clientele.... read more
March/April 2019
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In Monitor’s inaugural column focused on equipment leasing brokers, Sheri Bancroft, vice president of Bancroft Leasing and current president of the AACFB, takes a back-to-basics approach and examines the best ways brokers can build relationships with clients and funders and, in turn, build a successful business.... read more
April 2019
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In Monitor’s very first brokers roundtable, Paul Burnham, Gerry Oestreich and Spencer Richman give us the rundown on building and maintaining better relationships between funding sources and third-party originators.... read more
March/April 2019