In order to compete in today’s rapidly changing world, equipment finance firms are innovating their business processes and recognizing the value of investing in technology upgrades, according to the 2018 ELFA Software Guide released by the Equipment Leasing and Finance Association. This online resource highlights the leading software solutions for the industry and outlines some key technology trends for equipment finance companies.
The 2018 Software Guide includes information on “How Do You Know When It’s Time to Upgrade Your Software Platform?” and outlines the following scenarios when an equipment finance company may decide it’s time to consider a change in systems:
Outdated: You are concerned your current platform is no longer secure, reliable or compliant with new and ever-changing standards, such as the new lease accounting standards and GDPR.
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