What to know about the Tamarack Equipment Finance Assessment from St. Paul fintech company Tamarack Consulting and Hunter & Company:
- The Tamarack Equipment Finance Assessment is a new initiative from the partnership designed to evaluate the, “…alignment and efficacy of an equipment finance company’s [finance] systems with the workflows of the operation.”
- Assessments will be performed by subject matter experts from both companies and use a, “standard methodology and report template to complete a comprehensive investigation and analysis of the equipment finance lifecycle as implemented in a company’s existing systems.”
- According to the release, assessments will address the full scope of a company’s finance operations and offer insight into, “…45 functional subcategories”
- Cost for the Tamarack Equipment Finance Assessment varies on the size and complexity of the desired assessment and is typically completed within two weeks, according to Tamarack Consulting
The Quote: Daniel Nelson, CEO of Tamarack Consulting
“We often find ourselves ‘putting bandages’ on customer systems because the systems are not fully aligned with workflow. While this solution addresses the immediate concerns, it doesn’t provide the opportunity for companies to identify and address situations proactively and strategically. Through the assessment service, we are able to provide our customers with a comprehensive view of where improvements can be made to improve overall operations.”
Tamarack Consulting recently hired a new Chief Technology Officer. Read more about the Tamarack Equipment Finance Assessment in the release below.
St. Paul, Minn. (January 14, 2020) — Tamarack Consulting, a leader in providing independent software solutions in the equipment finance and commercial lending industry, has partnered with Hunter & Company to offer an assessment of a company’s equipment finance operation systems and workflows. Designed to identify opportunities to gain greater efficiency as well as streamline operations, the Tamarack Equipment Finance Assessment evaluates the alignment and efficacy of an equipment finance company’s systems with the workflows of the operation.
“We often find ourselves “putting bandages” on customer systems because the systems are not fully aligned with workflow,” said Daniel Nelson, CEO of Tamarack Consulting. “While this solution addresses the immediate concerns, it doesn’t provide the opportunity for companies to identify and address situations proactively and strategically. Through the assessment service, we are able to provide our customers with a comprehensive view of where improvements can be made to improve overall operations.”
Performed by subject matter experts from the Tamarack/Hunter & Company team, the assessment framework uses a standard methodology and report template to complete a comprehensive investigation and analysis of the equipment finance lifecycle as implemented in a company’s existing systems.
“The assessment allows us to help customers understand their performance level as well as the opportunities for their enterprise,” said Harrison Hunter, CEO of Hunter & Company. “By offering the assessment in partnership with Tamarack we are able to bring to bear a full suite of equipment finance systems experience and provide recommendations to tune the customer’s operations for lower expense, increased speeds, and improved customer experiences.”
The assessment addresses the full equipment finance lifecycle from Prospecting-and-Sales to Reporting and General Administration with drilldowns into 45 functional sub-categories. The outcome is a written assessment report that provides findings in each of nine business lifecycle categories and makes recommendations on areas that offer opportunities for improvement. The assessment is typically completed within two weeks. The cost of the assessment varies based on the size and complexity of the organization.
About Hunter & Company, LLC.
Hunter & Company is a provider of professional services serving the equipment finance industry. Founded in 1996, Hunter & Company provides consulting, integration, and professional services for industry leading origination and portfolio management systems. The company is headquartered in Minnetonka, Minn.
About Tamarack Consulting, Inc.
Tamarack is a leading provider of independent software solutions and technology services supporting the equipment finance industry. With more than 20 years providing origination and portfolio management systems, and critical leasing functions such as lease accounting, sales tax compliance, insurance and UCC compliance. Tamarack provides integration and implementation services, as well as automation products for a number of leading industry portfolio management platforms. Headquartered in St. Paul, Minn., Tamarack was recognized in the Inc. 5000 fastest growing companies for five consecutive years (2016-2020) and as one of Minneapolis/St. Paul Business Journal’s Fast50.
