Oakmont Capital Services Implements Tamarack Technology’s AI Product Suite

Oakmont Capital Services (OCS) implemented the artificial intelligence suite of products from Tamarack Technology as part of its efforts to “work smarter” by using technology to enhance workflows and increase operational efficiency. Empowered by Tamarack’s AI product suite, OCS can make faster and more informed decisions through access to real-time data and custom reporting.

“One of the challenges that comes with growth like ours is the ability to scale operations,” Daryn Lecy, CLFP, vice president and chief operations officer at OCS, said. “By investing in technology, we are making processes easier, becoming more efficient and doing more with our existing workforce. Through our engagement with Tamarack, we’ve augmented operations and accelerated the pace that we can roll things out. With AI, we’re giving our team the tools to be more productive in their decision-making and with their time.”

Tamarack’s suite of AI products offers access to aggregated data in a single location, a purpose-built business intelligence framework and the automation of routine manual tasks to allow for more effective use of teams within equipment finance workflows. In addition to using AI to automate processes, OCS is using Tamarack’s AI product suite to access real-time data and create custom reports in order to further increase the efficiency and accuracy of its decision-making.

“Having access to live data has been huge,” Kayla Perlinger, CLFP, vice president of syndications at OCS, said. “Before implementing AI, we already had a robust reporting system and a lot of good data. But now we are able to use it live to determine progress toward our goals and where we want our future goals to be or whether we need to pivot. And with the custom reporting, we are seeing greater detail and encompassing more attributes.”

As the OCS AI system gathers more data over time, Tamarack will implement its prediction model, which will predict applications as they are submitted and shorten underwriting time.

“We expect it to be one of the biggest improvements of the process,” Mikki Henkelman, CLFP, vice president of credit and risk at OCS, said. “We also anticipate that it will give us different insights into deals we might not have done in the past.”

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