Tamarack Technology, Inc., and Missouri-based Vision Commerce, a Constellation Financial Software company, have formed a strategic partnership to help equipment finance companies and brokers make better use of the data generated by their business 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,” said Scott Nelson, President and Chief Data Officer of Tamarack Technology. “If they capture and structure that data they can use it in the same way lenders are now using their 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 their data to improve productivity and reduce risk.”
Vision Commerce’s intuitive, complete loan origination software helps businesses achieve optimal operational efficiency by streamlining and automating the origination process, while providing the flexibility to handle any future changes. Vision Commerce’s lease origination software offers collections, contract management, funding and syndication, asset management, compliance and risk management, origination process automation, a broker-vendor ecosystem, credit adjudication and decisioning, analytics and reporting, and a complete ecosystem of integrations, so that users can automate and optimize the entire origination process.
“Better access to data means better decision-making,” said Alvin Lau, President of Vision Commerce. “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.”
Tamarack’s suite of AI products was developed to enhance productivity and revenue capabilities by leveraging both financial and operational data. The products use data from across an organization's digital systems – past and present – to speed up operational workflows and automate decisions like approval, syndication and funding.