Tamarack Technology, a provider of services and data-driven technologies for the equipment finance industry, reached a significant milestone with its Tamarack AI Product Suite. As of this month, Tamarack’s equipment finance customers are using its software-as-a-service products to manage more than 50,000 contracts with combined contract balance receivables of more than $5 billion.

“We’re on a mission to transform the equipment finance industry by helping companies deploy leading-edge technology and use best-in-class expertise to enhance their customer offerings, improve productivity, and drive best-in-class business performance,” Tim Appleget, director of SaaS products at Tamarack, said. “This milestone not only highlights the effectiveness of Tamarack’s data solutions but also underscores the increasing recognition of AI’s transformative potential in the equipment finance industry at scale.”

Since its launch in 2021, the Tamarack AI Product Suite has been embraced by companies such as Dakota Financial, KLC Financial and Oakmont Capital Services.

“We’ve witnessed firsthand the rapid impact AI can have on how an organization uses its data; within weeks, customers begin to see the potential,” Appleget said. “With our AI product suite, we harness both historical and real-time data to manage and mitigate risks, automate manual tasks within workflows, expedite financial decision-making with business intelligence and reporting and significantly boost organizational productivity at a significant scale.”