Wolters Kluwer, a global leader in professional information, software solutions and services, announced new second quarter analysis from its Equipment Lease Finance Digital Transformation Index, a key resource that tracks the rate at which equipment lessors and service providers are seeing growth in the evolution from paper-based finance back-office processes to digital.
According to the Index, the rate of adoption for digital contracting in Q2 increased 17.67% compared to Q1. The Index was also up 9.90% compared to Q2 of 2024, with the four-year trend also showing an increase of 39.80% dating back to Q2 2021.
The Q2 Index growth aligns with recent positive sentiment from the monthly confidence index for the equipment lease finance industry. Overall, confidence in the equipment finance market was at 58.2 in June, a return to historically more positive levels after dramatic lows in April and May. What’s more, 29.6% of executives polled for the confidence index said they believe business conditions will improve over the next four months, an increase from 4% in May.
"We are witnessing growing momentum in the equipment lease finance industry as it embraces digital contracting for back-office processes” said Eric Capehart, Associate Director of Market Strategy for Wolters Kluwer’s Digital Lending Solutions. “As shown by our Index’s continued growth, businesses are increasingly recognizing the transformative potential of digital solutions to drive efficiency, reduce errors, and unlock significant cost savings. This ongoing shift signals a bright future for streamlined operations and enhanced customer experiences."
To learn more and to access additional data insights from the Wolters Kluwer Equipment Lease Finance Digital Transformation Index, click here.