Current Opinion

Celebrating Wins From A Tumultuous Year: Lessons Learned

Patrick Gaskins

2020 was quite a year, and much of the talk surrounding the events center on COVID-19. That said, even with all of the heartache, there were some bright spots that need to be celebrated. Let’s start with the fact that... read more

2021 Healthcare Industry Outlook

John Sparta

The healthcare industry is, arguably, one of the most heavily impacted industries by the COVID-19 pandemic. Pre-pandemic, it was expected that transformative technologies like artificial intelligence, at-home diagnostics and virtual care would continue to gain traction through 2020 and beyond.... read more

The Importance of Intentional Mentorship

Drew Spears

We’ve all had a leader who has made a lasting impact on our careers somewhere along the way. Perhaps they were a direct supervisor, or maybe a leader from another part of the business who took a special interest in... read more

Veterans, Boomers & Leaders — What’s the Plan?

Shawn Smith

NextGen leaders out there are asking what the plan is and wondering what the answer is. And my piece will not pull any punches or mince any words! Here is what I am worried about: The depth of our bench... read more

Why Leasing Makes Sense

Tom Toton

Fleets have a number of options when it comes to asset acquisition. They can buy, finance or lease an asset. In my estimation, the lease versus buy analysis favors leasing, especially when talking about operating leases. Here are several reasons... read more

Are Your Repossession Agents Properly Insured?

Michael Levison

There are few actions that a lender takes that have more potential for legal or damage claims than a vehicle or equipment repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to... read more

FASB ASU: Proposed Targeted Improvements to the Leases Standard

Sarah O’Sullivan, Michael Stevenson

FASB has issued a proposed accounting standards update intended to improve three areas of the leases guidance. How will this update affect equipment lessors? O’Sullivan: There are three proposed amendments in the Exposure Draft that the FASB has asked the... read more

Update: Commercial Finance Disclosure Legislation in New York State Passes, Moves to Cuomo’s Desk

Robert Cohen, Brian Boland

Proposed New York State Senate Bill S5470 (“the bill”) has been passed by both houses of the New York State Legislature and is pending presentation to Governor Andrew Cuomo for signature. It is beyond the scope of our review (and... read more

Less than One Week Left to Register for ELFA 2020 Business Live

Martha Ahlers, Ralph Petta

Registration for ELFA 2020 Business LIVE, a full-service virtual conference on October 27-28, 2020, is open until October 21. Participation includes three keynotes with a strategic lineup of speakers, 20 breakout sessions, virtual networking receptions and a multimedia exhibit hall.... read more

Forging Ahead: The Evolution of Transportation in the COVID-19 Age

Brian Scott

The world has changed dramatically in just a year. From the way people work and go to school to the way they shop, travel and spend leisure time, COVID-19 has reshaped how many industries do business and challenged many to... read more

A More Holistic View Needed for Proper Equipment Finance Decisions

Sean Storey

When it comes to determining whether to add a fleet asset, basing the decision on initial purchase price alone is risky business. While all the risks cannot be eliminated, looking at both financial and operation data will result in the... read more

A New Aircraft Recycling Model Taking Flight

Sven Daniel Koechler

With over 14,000 passenger aircraft grounded due to the pandemic and a large percentage facing decommission, the aviation industry is exploring sustainable aircraft recycling business models that offer environmental preservation and deliver a higher return on investment to owners and... read more

Managing Customer Expectations As COVID-19 Impacts the Credit Process

Keara Piekanski

The year 2020 and the effects of the COVID-19 pandemic have made life for people and industries worldwide feel like one continuous roller coaster. Many businesses, including restaurants, are still experiencing a downward trajectory, with the National Restaurant Association reporting... read more

Why Manufacturers Need Artificial Intelligence Now

Dean Oliver

As leasing and financial companies, when we hear the term artificial intelligence (AI), the first thing many of us think about is software and big data applications. But the truth is many of our customers and primary lines of business... read more

Coronavirus: a crisis for asset finance operations or a catalyst for technological change?

Brendan Gleeson

As a result, the past three months of Zoom, Teams, and Slack meetings, shopping exclusively online, and a new appreciation for IT infrastructure staff, have defined a new – though not unexpected –future for how businesses will operate, long after... read more

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