2022 NextGen Issue

May/June 2022 | Vol. 49, No. 3

Interactive Flipbook

Featured Articles

Transforming People and Leading Breakthrough Innovation: an Interview with Tirza Hollenhorst

By Deborah Reuben

In an exclusive interview, Tirza Hollenhorst shares how she takes her knowledge for growth and innovation on the industry side and uses that to also focus on the human side of innovation. Her focus on creating and maintaining a well rounded, high functioning team helps her lay the groundwork for team members to build an innovative culture at LUMAN.... read more

Lean and Mean: MidCap Equipment Finance Focuses on Reliability

By Saurin Shah

MidCap Business Credit expanded its product offerings this year by launching MidCap Equipment Finance. Led by Saurin Shah, a co-founder of Nations Equipment Finance (now SLR Equipment Finance), the new business aims to help MidCap become a one-stop financing partner for the middle market. ... read more

Change the Channel! Casey on SLR Equipment Finance’s Vendor Channel Drive

By Tom Casey

Spearheading SLR Equipment Finance’s new foray into the vendor channel, CEO Tom Casey uses a combination of servant leadership, a collaborative team effort and decades of experience to steer the company to new and exciting heights. Forecasting tripled growth in the coming years, Casey lays out his prior paths while giving insight on the roads ahead.... read more

Beyond the Asset: How Financing Can Support Total Device Lifecycles

By Rick Trobman

Data and electronic devices are so pervasive in our everyday lives that it’s easy to forget how much information is moving around as well as where all that data goes when it’s time to replace it for something newer. Rick Trobman, president of the tech solutions global business unit at DLL, explains how finance experts can assist in protecting data, the environment and clients alike.... read more

Getting a Clue: Fighting the Good Fight for Cybersecurity

By Mike Applegate

A sufficient cybersecurity response to threats is on everybody’s radar, and rightly so, but as with many things in life, it’s a task easier said than done. Monitor caught up with three technology leaders to discuss what their companies are doing to answer the call for solid cybersecurity in their product offerings and beyond. ... read more

A New Generation is Making Waves in Leadership

By Diane Croessman

The new generation’s vast skills in technology can benefit more than their social media pages. These new leaders can assist programs to stay relevant and maintain social relevancy within an ever-changing economy.... read more

Why are Traditional Lenders so Reluctant to Adopt New Technology Tools in the US Equipment Finance Marketplace?

By Dexter Van Dango

In a Q&A, Michael Baez of Leasepath, Diane Croessmann of The Alta Group, Scott Nelson of Tamarack Technology, Sean Scampton of Leasepath and William Verhelle of Innovation Finance USA give their take on why companies are hesitant to embrace new technology tools in the U.S. equipment finance marketplace. ... read more

Bouncing Back: The Vendor Top 40 Achieve 10.9% Y/Y Growth

By Rita E. Garwood

The vendor channel experienced a resurgence in 2021, reporting 10.9% growth in activity — the highest percentage gain achieved by the group since 2013. The top three — DLL, Wells Fargo Equipment Finance and Bank of America Global Leasing — held on to their ranks while major shifts took place in the channel due to a flurry of acquisition activity and new entrants. ... read more

Rising to the Challenge: Vendor Finance Adapts to an Ever-Evolving Market

By Kelly Furia

The vendor finance world has been shaken up by many challenges over the last couple years, including supply chain shortages, inflation, the COVID-19 pandemic, a continually evolving market and increasing interest rates. Monitor spoke with vendor finance leaders to get some perspective on these unprecedented fluctuations.... read more

How Equipment Finance’s NextGen is Shifting the Industry’s Workplace Values

The next generation of equipment finance leaders is already influencing the industry from a results perspective, but how they value company culture and leadership may lead to greater (and more positive) change than anything else. ... read more

Exploring the Effects of the Great Resignation on Equipment Finance

By Joni Kovac

The equipment finance industry has had to revamp and adjust to the abrupt changes in the workforce due to the COVID-19 pandemic, as employees are quitting en masse and leaving companies for other opportunities. Monitor spoke with several industry leaders about how their organizations are adapting in the face of such a massive shift. ... read more

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