The equipment finance industry has seen an explosion of technological advances in recent years. As equipment finance firms seek to select new software solutions for their businesses, whether to increase efficiency or solve business challenges, the Equipment Leasing and Finance Association released its 2022 ELFA Software Guide to assist in the decision-making process.

The 2022 ELFA Software Guide includes:

• A checklist for evaluating software solutions, including what to consider when selecting software for your business, from defining your strategic goals to assessing the software’s flexibility to support growth
• A look ahead at opportunities and risks of new technology trends, including a snapshot look at how equipment finance firms may respond to new opportunities, such as incorporating “emerging technologies” into sales and business operations to maintain a competitive edge, as well as threats, such as new cyberthreats