“We are so excited for this year’s Operations & Technology Conference, where Oakmont Capital Services will be recognized with the 2023 Excellence Award,” Candace Reinhart, CLFP, COO/CXO at CoreTech and subcommittee chair for the award, said. “Oakmont’s project is one that successfully brought together multiple partners with a shared goal of upgrading technology while still running a fast-growing business. We’re excited to delve into their story and, in doing so, offer ELFA members the inspiration to transform their own operations.”
Oakmont Capital Services is being recognized for updating three of its most critical operational platforms. First, the company leveraged its existing investment in the Microsoft platforms and implemented an embedded Customer Relationship Management (CRM) and Loan Origination System (LOS) via Leasepath. Then, Oakmont rolled out a business intelligence with artificial intelligence automation capabilities system via Tamarack Technology.
These technology improvements allowed Oakmont to empower its team to achieve more efficient and effective risk management while expanding market access, forming better vendor partnerships and enriching customer relationships. The enhancements also enabled more efficient and effective underwriting for increased market access, including an updated technology stack for faster, more profitable growth.
“We knew that we could move faster, improve profitability and better serve customers if we had a more comprehensive, integrated and flexible technology stack,” Daryn Lecy, CLFP, chief operating officer at Oakmont Capital Services, said. “The challenge was upgrading our technology while running a fast-growing business — it’s like changing the tires on a race car while going 180 [miles per hour]. The new solution provides our team with best-in-class operational software and business intelligence. In addition, our new platform gives us access to granular, real-time data that allows us to see trends and insights immediately.”
“Congratulations to Oakmont Capital Services for this outstanding achievement,” Ralph Petta, president and CEO of the ELFA, said. “Their award-winning project showcases how technology is transforming the equipment finance industry and creating new opportunities to serve customers. This spirit of innovation is what the Operations & Technology Excellence Award is all about.”
This continued Monitor column is another slice in the life of a leasing sales person.It is a fictitious sales call between a leasing salesperson and a CFO prospect. This could be a face-to-face sales call or a quick phone call... read more
I wanted to personally thank the equipment finance industry for its continued support of the association. The board of directors and my team work tremendously hard to serve the needs of our members. First and foremost, the National Equipment Finance... read more