Covid-19 Related Content

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

Navigating Business in a Time of Crisis: The 2020 Vendor Finance Roundtable

Jim Kelly, Chris Lemone and Justin Tabone sat down with Monitor for this year’s roundtable, where they discussed how COVID-19 has affected their team and vendor relationships, as well as the changes and predictions they have for the future of the industry in a post-pandemic world.... read more

July Credit Managers’ Index Rebounds to Pre-Pandemic Levels

The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy. read more

Walking Through the Shadows of Bankruptcy: Financing Equipment in Time of Distress

Many equipment lessees have been hit hard by the economic downturn caused by the COVID-19 pandemic. Inez Markovich and Howard Brod Brownstein outline the rights and remedies of equipment finance lessors and lenders when their customers face temporary distress or a Chapter 11 filing. ... read more

Critical Technology: Accelerating Digital Transformation After COVID-19

COVID-19 has forced the equipment finance industry to accelerate digital transformation strategies. Monitor checked in with the leaders of six technology companies to discuss how lenders are pivoting to streamline payment modification requests, enable self-service and increase agility in the wake of the pandemic. ... read more

Monitor Live+ Recap: Leading Through COVID-19 With Transparency, Empathy & Compassion

The equipment finance community gathered for Monitor Live+ to talk about what matters most in times of crisis. Deborah Reuben, who designed and moderated the livestream event, provides a recap of the key takeaways, including how the pandemic has made effective leadership more important than ever before. ... read more

Risk Management Must Consider New Data to Survive in Post-COVID Economy

Scott Nelson

“We need to understand risk better.” “Originations are up. My worry is our existing customers’ business health.” “We have to decrease our distance from customers.” Risk managers’ plates are full. These recent comments from lessor leaders regarding today’s economic environment... read more

How Fleets Can Adapt to Operational Changes During COVID-19 & Position for Success After The Pandemic

John Flynn

Truck Utilization Data Even More Important Today When Helping Fleets Adapt to New Environment   The COVID-19 pandemic has significantly impacted the entire world with ripple effects being felt throughout the global economy. Data discussed at a recent forum at UC... read more

Wells Fargo Expands Free Virtual Financial Coaching to Help with COVID-19 Hardship

Wells Fargo Foundation is supporting national nonprofits in expanding virtual financial coaching services, cost-free. Grants support nonprofits offering financial recovery resources for people of color, people with disabilities, and other vulnerable populations hit hardest by the pandemic. read more

How Strategic Information on Equipment Leases Can Help Businesses Under Uncertain Landscapes

Jennifer Booth

The COVID-19 pandemic has impacted daily life across the globe, and the uncertainty that came with it continues to loom. Aside from the personal disruptions caused by the pandemic, in terms of health and finances, businesses have also been heavily... read more

Show Me the Money! Independent Lessors — COVID Influenced Funding Challenges

Ray Ellingsen

Here we go again! A liquidity pinch, perhaps like no other. Depending on your definition of a recession, we are in, or quickly approaching another. But keep in mind that recessions are actually considered normal business cycles. Our economy has... read more

Moody’s Analytics: COVID-19 Resurgence Could Cause Global Economic Depression

Moody’s Analytics baseline economic forecast reports that real global GDP will fall by 4.5% this year as a result of COVID-19 and the economy will not return to full-employment until mid-decade. read more

U.S. Economic Recovery Could Take 10 Years

The Wall Street Journal reported that a full recovery from the effects of COVID-19 on the U.S. economy could take 10 years, according to the Congressional Budget Office. read more

Blockchain Technology – Streamlining Equipment Leasing To Obtain A Competitive Edge In A Post COVID-19 World

COVID-19 exposed the cumbersome state of equipment lease documentation. Vince Borst shares how equipment lessors can streamline processes and gain a leg up on the competition by utilizing blockchain technology and smart contracts.... read more

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