09/12/2024 | Press release | Distributed by Public on 09/12/2024 05:12
Washington, DC, September 12, 2024-Advancing its mission to be the equipment finance industry's "eye on the future," the Equipment Leasing & Finance Foundation (Foundation) releases the "2024 Industry Future Council (IFC) Report: Promoting Innovation and Experimentation in Equipment Finance." The study focuses on the large, growing role of technology and innovation in the equipment finance industry, and the risks and opportunities associated with them over the next three to five years.
The facilitated discussions of this year's IFC participants identified three key areas to consider in developing the strategy for a company's optimal level of technology deployment and innovation:
The study presents three main sections to guide organizations in addressing these issues:
"While the equipment finance industry has traditionally been slow to adopt cutting-edge technology, our future success relies on our ability to embrace new advancements," said Zack Marsh, Chair of the Equipment Leasing & Finance Foundation and SVP, Accounting and Analysis, AP Equipment Financing. "The Foundation hopes that the IFC's work influences equipment finance leaders to develop their own innovation strategies that lead to increased experimentation with emerging technologies so the industry is better positioned to thrive in the years ahead."
This year's IFC report was written by Keybridge, an economics and public policy research firm selected to facilitate the 2024 IFC. The IFC is comprised of a cross-section of equipment finance industry executives who participated in a full group brainstorming session and four breakout team sessions to further facilitate discussion.
The Foundation is grateful to the 2024 IFC sponsors, Equifax, LTi Technology Solutions, and Solifi.
The IFC Report is available for free download at https://bit.ly/ELFFIFC.
All Foundation studies are available for free download from the Foundation's online library at http://store.leasefoundation.org/.
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The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that propels the equipment finance sector-and its people-forward through industry-specific knowledge, intelligence, and student talent development programs that contribute to industry innovation, individual careers, and the advancement of the equipment leasing and finance industry. The Foundation is funded through charitable individual and corporate donations. Learn more at www.leasefoundation.org.
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