Tamarack Technology and Vision Commerce, a Constellation Financial Software company, formed a strategic partnership to help equipment finance companies and brokers make better use of the data generated by their businesses to elevate competitive advantages and expand customer offering through digital transformation. Through the partnership, Tamarack and Vision will jointly market each other’s products.

The collaboration is ideally suited for finance brokers seeking to transition into full-service equipment finance organizations and for equipment finance companies looking for a business intelligence (BI) reporting tool. The tandem of Tamarack’s artificial intelligence (AI)-based automation and BI software implemented with Vision’s customer relationship management (CRM) and lease origination software provides equipment finance companies with an integrated, all-in-one solution.

“The origination workflows of finance brokers generate a lot of data very fast,” Scott Nelson, president and CDO of Tamarack Technology, said. “If they capture and structure that data they can use it in the same way lenders are now using its data to improve both the speed and quality of outcomes with AI-based automation. Together, the Vision and Tamarack products provide an all-in-one solution that allows finance brokers and lessors to capture and leverage its data to improve productivity and reduce risk.”

“Better access to data means better decision-making,” Alvin Lau, president of Vision Commerce, said. “We’ve seen that in our own business, and with our users. By partnering with Tamarack, we’re providing the industry as a whole with the data and tools it needs to grow and adapt.”