LTi Leadership Live 2023
August 9, 2023
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Join us along with senior leaders discussing the hot topic of The ‘G’ in ESG, Environmental, Social & Governance. With ESG on the minds of
Join us along with senior leaders discussing the hot topic of The ‘G’ in ESG, Environmental, Social & Governance. With ESG on the minds of
Monday, July 11th – Thursday, July 13th. Class will be from 8:30 – 11:30 am CST virtually Tuesday – Thursday. Please also note, we must
Learn why digital transformation is essential for the equipment finance industry, especially in the post-COVID-19 era. Discover the key benefits, including reduced operational costs, increased efficiency, and improved reliability.
Without fully understanding who is responsible for what when it comes to Disaster Recovery, there could be a bigger disaster looming
Without fully understanding who is responsible for what when it comes to Disaster Recovery, there could be a bigger disaster looming
Discover how the UK’s focus on sustainability is driving demand for green assets in the asset finance industry. Learn about key trends, ESG reporting, and how the push for sustainability is reshaping the UK asset finance sector. As companies strive to meet net-zero targets and enhance ESG scores, the demand for financing sustainable technologies has surged. Service providers can capitalize on this trend by offering tailored financing solutions and leveraging platforms like LTi Technology Solutions’ ASPIRE to streamline lifecycle management and regulatory compliance. Discover how embracing green asset finance positions your business for long-term growth and environmental impact.
The UK asset finance sector is grappling with rising operational costs, economic uncertainty, and increased regulatory demands. With inflation easing but uncertainties persisting, firms are seeking strategic ways to manage cost pressures while maintaining a competitive edge.
Technology investment is critical as firms adopt AI, automation, and data analytics to streamline operations and enhance customer experiences. Simultaneously, compliance costs and recruitment challenges in securing top talent are driving up expenses, particularly for SMEs. Rising insolvencies and client defaults further highlight the need for robust risk management strategies.
To thrive in this environment, firms can leverage scalable, cloud-based solutions like LTi Technology Solutions’ ASPIRE platform. With over 35 years of expertise, ASPIRE empowers firms with tools for digital transformation, enhanced risk management, and sustainable growth.
Channel For over a decade, Channel, a nationwide leader in small business financing has harnessed the power and partnership of LTi Technology Solutions and its
Channel Thank you for your information. CLICK HERE for your PDF! For over a decade, Channel, a nationwide leader in small business financing has harnessed
The Canadian Finance & Leasing Association (CFLA) 2024 Annual Conference, held in Newfoundland, brought the industry together to explore new opportunities. Keynote speaker Tareq Hadhad’s inspiring message of resilience and adaptability resonated deeply with attendees, aligning with LTi’s focus on a people-first approach. Sessions on AI integration, AML compliance, and women leaders in finance offered actionable insights for navigating the evolving equipment finance landscape. The conference reinforced that by embracing innovation and fostering diversity, the future of equipment finance is brighter than ever.
The 2024 ELFA Operations and Technology Conference & Exhibition, held in Nashville, delivered invaluable insights for professionals looking to drive innovation and enhance operational efficiency. Industry innovators, like ELFA Award winner Channel, shared breakthrough strategies such as lean methodology tools to optimize team feedback. Economic outlooks were simplified by Jason Turner, while Michael Rogers, “The Practical Futurist,” encouraged embracing existing technologies for future gains. Attendees explored navigating uncertainty through collaboration and stressed the importance of face-to-face interactions in today’s remote-first world. Discover how these insights can elevate your business.
Explore how economic shifts, from AI advancements to a looming US banking liquidity crisis, are reshaping the equipment finance and asset leasing industry. Randy Haug, Co-Founder of LTi Technology Solutions, shares key insights from the Goldman Sachs Briefings, offering strategies for navigating these challenges and seizing new opportunities. #TheLTiDifference
– LTi Technology Solutions, a charter member in the equipment finance industry, proudly announced 2024 officially marks its 35 year anniversary. As LTi marks this
An Executive Summary of the transformative potential of the SMALL LENDER Act. The SMALL LENDER Act is a game changer for the equipment finance and asset leasing industry. The Act would provide relief to small businesses and lenders from the CFPB’s final rules under Section 1071 of Dodd-Frank. In addition to offering an understanding of the Act, the blog covers how it enhances accessibility and inclusion, drives innovation in the equipment finance and asset leasing industry, strengthens the market ecosystem, and helps foster economic growth and stability….
Key Executive insights from the President/CEO of LTI Technology Solutions, Jeff Van Slyke of the 2024 Capitol Connections Convention held in Washington DC on May 22nd, 2024. The blog summarizes the ELFA organized event, Capitol Connections Convention. Held on Capitol Hill, top leaders from across the equipment finance and asset leasing industry met with policymakers regarding the impact of the proposed changes to Section 1071 of the Dodd-Frank Act and its impact on the industry. Discussions focused on three critical areas:
#1. The Challenges of Section 1071 of the Dodd-Frank Act, specifically regarding extensive data collection requirements to the credit application process.
#2. CFPB’s $5 Million Threshold which effectively turns Section 1071 into a broad catch-all repository for nearly all commercial loans across the US, deviating from the original intent of the legislation.
#3. Advocacy for the SMALL LENDER Act. Collectively, ELFA members urged COngress to co-sponsor the SMALL LENDER Act which aims to provide relief from the CFPB’s final rules under Section 1071 of the Dodd Frank in 3 critical ways: extend the compliance period to three years with an additional two year grace period as opposed to the current 18-month implementation period; redefines the definition of small business to those with gross annual revenues of $1 million or less, instead of the existing $5 million; and adjusts the financial institution criteria to those financial institutions originating at least 500 covered transactions annually, rather than the current 100.
The March 2024 issue of the Canadian Commercial Credit Trends Report published by Equifax reveals a mixed picture for the Canadian business credit market. This blog highlights LTi’s SVP/Chief Product Officer Jen Martin’s key observations on the report highlighting opportunities and challenges navigating this market.
While the challenges in certain sectors of our marketspace loomed large, this year’s conference exuded a sense of optimism and determination. Many participants leveraged the platform to capitalize on new opportunities or cultivate relationships to navigate the turbulent waters we face. Despite the headwinds encountered in Q1, the prevailing sentiment was one of unwavering positivity and resilience. It was a poignant reminder of our collective strength and adaptability in the face of adversity.
Top Five Key Strategic Insights from the 2024 National ELFA Funding Conference: 1. Optimism in the Equipment Finance Industry especially in sectors such as small ticket/vendor, middle market and structured finance. 2. Strategic Growth and Innovation as strategic decisions to diversity portfolios into higher margin sectors emerge that take advantage of powerful state of the art technology. 2. Rise of Private Equity and Private Credit creating niches in Equipment Finance ecosystem. Combined with newly emerging financial backing with traditional bank lessors on large transactions, they will be a disruptive force driving industry change. 4. Captive Finance Companies Experience Shift as they actively seek additional sources of capital to sustain their growth as their manufacturers equipment prices continue to grow. 5. Evolution in Bank Equipment Finance Marketplace as they continue to evolve and focus on larger project finance opportunities such as Clean Energy, Railcar Financing and projects funded with depositor relationships.
A Congressional Visit with Representative bacon at LTi Technology Solutions Corporate Headquarters included a Town Hall Style Meeting to discuss the Equipment Leasing and Finance Industry, LTi’s operations, and legislation critical to the growth of the industry.
Equipment Finance Industry Trajectory 2024-2025: ELFA Executive Roundtable Observations. The Annual ELFA Executive Round Table held March 3-5 in Orlando, Florida was a forum that yielded valuable insights into the Equipment Finance Industry’s trajectory for 2024-2025. After engaging in roundtable dialogues and expert speaker sessions, several notable themes emerged that have implications for the marketplace both short and long term.
MAR 29, 2024 – 6:39 am LTi Technology Solutions promoted Jenny Jarose to vice president of human resources and administration. Jarose will oversee the comprehensive
MAR 28, 2024 – 6:37 am LTi Technology Solutions promoted Brett Blankenship to vice president of customer support. Blankenship has wealth of experience in the
Omaha, NE – August 10, 2023 Despite clear signals of a softening economy, equipment leasing and finance companies are continuing to invest in technology. They
Omaha, NE – August 01, 2023 Veracode Verified accreditation demonstrates commitment to developing secure software and reducing risk for customers LTi Technology Solutions, a leading
The key trends in equipment finance technology to look for in 2023 and beyond to look for:
Automation: Streamlining processes and providing faster, more accurate decision-making.
Digital Platforms: Transforming interactions with customers by enabling customers to apply for financing, manage accounts and access information and services online.
Internet of Things (IoT): Providing data on performance and usage to improve maintenance schedules, predict equipment replacement timeframes, and identify opportunities for cost savings.
Block-Chain Tech: Providing greater transparency and security enabling companies to create secure records of equipment ownership and transactions, reducing risk for fraud and errors.
There are many benefits to adopting a framework that elevates digital agility and brings your equipment finance business into the digital age:
Empower Self Service with direct customer access of contract details, secure payments and quick communication
Quick Access to FAQ’s reduces Customer Service Inquiries and improves Customer Satisfaction
Improve Productivity by refocusing your workforce on revenue-generating tasks
3 Key Criteria To Look For:
Security & Compliance to ensure confidentiality, integrity and availability plus regulatory compliance and multi-layered security
Availability with a 99.5% Service Level and Disaster Recovery
Scalability & Performance to allow for growth and expansion
Without fully understanding who is responsible for what when it comes to Disaster Recovery, there could be a bigger disaster looming. Having a Disaster Recovery Plan in place is critical to protect your business during crisis.
When it comes to understanding the 2022 and beyond barriers to bringing digital transformation into any enterprise …
After attending the ELFA Executive Roundtable this year there is definitely some exciting trends we are seeing in this industry that I would like to
Imagine this scenario – you have a major security threat to your cloud. You’ve been hacked – Ransomware
Work arounds (or manual processes) wreaking havoc on time to book a deal? So many legacy systems are being used to service portfolios. Many of
After 24 years of working at LTi, Jan Bohling is saying farewell to her life as an Implementation Team Lead and hello to life as
Many companies find their legacy system is not able to keep up: After long wait times Putting band aids on processes Not prepared for the
The latest news from LTi Technology Solutions, LTi Technology Solutions (LTi), a leading provider in lease, loan and asset finance software solutions.
As one of the six original employees to LeaseTeam, now LTi and the third most tenured employee, after 28 years of working at LTi, Joyce
Digital transformation is defined as a customer-centric reimagination of the future of digital technology into all areas of business, profoundly changing how it operates. But
Randy Haug, Executive Vice President, Vice Chairman, and Co-Founder of LTi recently spoke about how the equipment finance industry has been dealing with the pandemic,
The Equipment Finance and Leasing Association (ELFA) is honoring Randy Haug with its 2021 Advocacy Award for his extraordinary contributions to the association. Randy Haug
Last week, LTi Technology Solutions attended Equipment Leasing and Finance Association’s Women’s Forum. As a special one-day virtual event, the Forum focused on leadership development
The London Interbank Offered Rate (LIBOR) serves as a globally accepted benchmark interest rate that indicates borrowing costs between banks. It’s a globally recognised base
Recently, Forbes Advisor ranked Omaha, Nebraska as No. 2 best cities for renters to live. Omaha often appears on the top 10 best places to
Jenny Jarose is the Sr. Director, Human Resources & Administration at LTi. She has been working with LTi’s Human Resources Department in the Omaha, Nebraska
The financial environment has altered significantly in the UK since the pandemic, putting serious pressure on the asset finance landscape. However, the financial environment has
Recently, the Monitor checked in with technology leaders around the industry, including one of LTi’s very own IT leader and COO, Bill Weeks. In the
After nearly five decades, Britain has officially left the EU, breathing a new chapter for its future with Europe. This has been a tumultuous road
Customer loyalty and maintaining relationships with customers have become a focus for equipment finance companies with the coronavirus crisis. Companies want to continue to provide
Last month on Dec. 8, the UK received the first doses of the Pfizer/BioNTech vaccine. On Dec. 11, the U.S. Food and Drug Administration (FDA)
Before COVID-19 required companies to work remotely, the global economic climate had already accelerated the adoption of cloud security. The pandemic has shown just how
What a year it’s been! At LTi, we’ve been busy forming new partnerships, enhancing our solutions, creating new solutions, and continuing to enrich our communities.
The COVID-19 pandemic has caused a global scale of fear, stress, and uncertainty. Everyone has their own ways of coping with stress and different approaches
The farmer’s life isn’t an easy one. Long before the sun pierces the fields that line the horizon, a farmer is up preparing. The preparation
Every year people create New Year’s resolutions. And every year, many of those resolutions fail. Well-meaning goals get buried under the chaos of day-to-day life.
The COVID-19 pandemic has fundamentally changed how consumers across the world view products, brands, and customer service. In the post-coronavirus era, we will see more
As the impacts of COVID-19 reshape equipment finance, companies are rethinking the ways they work. Now more than ever, it is crucial to modernize processes
Some of the largest conferences like Equipment Leasing and Finance Association Annual Event and National Equipment Finance Association Funding Symposium have gone completely digital. In
The pandemic has forced people around the world to work from home, intensifying the need to adapt and connect in a virtual world. To stay
Recently, many industry conferences and trade shows from Equipment Leasing and Finance Association, Canadian Finance & Leasing Association, National Equipment Finance Association, and Leasing Life
To keep up with continually changing customer needs, wholesale funders must invest in priortising their back-end systems and processes. While wholesale funders are investing in
LTi Technology Solutions recently appointed David Hayes as Strategic Account Manager. David comes to LTi with 23 years of experience managing daily activities and overseeing
As we reflect on disruptions we’ve seen in equipment finance, several key questions are being asked by business leaders. The answer to all these questions
Where do young professionals who make up a third of the working population go to start their careers? When it comes to finding a new
LTi Technology Solutions recently appointed Randi Maddox, a 23-year veteran in the equipment finance industry, as Portfolio Migration Manager. In her role as Portfolio Migration
There’s a lot of talk lately about how equipment finance companies will create a digital customer experience in today’s environment. To transform the customer experience,
How will equipment finance companies prepare for the new normal? As equipment finance companies consider the next phase, many realize it’s no longer an option
As recovery starts to take shape, several digital trends have become apparent in the equipment finance landscape. In just a few months, COVID-19 has accelerated
Lease modifications are on the rise. As the world comes to grips with the effects of COVID-19, business leaders are focused on managing their cash.
In the wake of the coronavirus pandemic, businesses have put a greater focus on operational resilience. Recently, Equipment Leasing and Finance Association hosted a webinar about
For many of us, the scale of the coronavirus has perhaps been the most significant experience of our lives. It will have long-term effects on
No matter what type of business you lead – from a small bank to a large captive – chances are you will need to rely
Cloud technology is transforming business of all sizes and types. Executives are embracing the digital transformation and understand the cloud is more than a mere
The word “cloud” has been a buzzword for many years in the business world. You have most likely heard mentions of moving to the cloud
Government relief packages for small businesses are being implemented around the world to assist businesses impacted by COVID-19. Sectors in equipment finance such as construction,
The demand for ventilators continues to surge as the coronavirus spreads at a rapid pace across the world. In the most severe cases, the coronavirus
Working remotely for companies is becoming more prevalent as the impact over COVID-19 continues to rise in the U.S. With states increasing to mandate “staying-at-home,” residents are to avoid nonessential outings. Today we outline how you can adopt an effective remote-work strategy. This will allow you to continue delivering results throughout your organization.
We’re highlighting two ASPIRE modules today because they are so popular with our customers. They’re extremely beneficial for processing contracts and tracking fees. And if
Everyone is moving to the cloud these days. Many of us are already there with the products and applications we use in our personal lives. We
LTi Technology Solutions’ wrapped up its 2019 User Conference last week. We had a great time celebrating our 30th anniversary year with all of you.
Welcome to our final interview with LTi co-founder, Randy Haug, celebrating LTi Technology Solutions’ 30th anniversary. We wrap up our series talking about The Phoenix
The Equipment Leasing & Finance Foundation (ELFF) published their Q2 update for the 2019 U.S economy at the beginning of April. You can download a
The 2019 User Conference promises to be unique as we celebrate 30 years serving the equipment finance industry. Our theme this year is “Take the
LTi Technology Solutions is growing its Kansas City, Kansas, location. LTi has maintained an office in the Corporate Woods complex since 2015, and subsequently hired
After January 14, 2020, Microsoft will no longer be providing support or security updates for PCs that are still running Windows 7. For those of
Continuing on from our conversation in Part 1, Randy Haug and I talked more about the people who helped him get off the ground. We
Are you guilty of multitasking? What if I told you multitasking was a lie? Well, that’s precisely the point that Gary Keller makes in his
LTi Technology Solutions is celebrating 30 years in the equipment finance software industry this year! The story of LTi Technology Solutions (formerly LeaseTeam) has been
“People don’t buy the best products; they buy the products they can understand the fastest.” This is the core message at the heart of Building
The GDPR (General Data Protection Regulation) took effect in the European Union (EU) in May of 2018. For the moment, this regulation only applies to
Tomorrow, many of your employees will sit down with friends and family to celebrate the year and all they have to be thankful for. Our
Following up on our article summarizing the ELFF Economic Outlook Report for Q4 of 2018, there is clearly a lot of potential for growth in
The ELFF Economic Outlook Report for Q4 2018 In October of 2018, the Equipment Leasing and Finance Foundation (ELFF) published their U.S. Economic Growth Outlook
Sometimes I imagine how fun it would be to grab someone from 1978, bring them to 2018, and watch them react to the way diversity
Here at LTi, we are seasoned conference-goers. So we can tell you that there are certain things you want to do after a conference to
Traveling for conferences can be a large investment in time and money. You can’t control the quality of the content. But you can influence your
You’ve bought your conference ticket. The plane is reserved and the hotel room is booked. You can already smell that airport food. Before you know
Wanting to understand Great Plains a little bit better in ASPIRE? The Great Plains screen is used to tie the ASPIRE GL accounts to the
Not sure where to turn for help in ASPIRE? Here at LTi Technology Solutions, we want to make things as easiest as possible for you.
Few events in the equipment finance industry bring like-minded professionals together to connect and collaborate like LeaseTeam, Inc.’s (LTi) Annual User Conference. Slated for June 26
A new era of transparency is on the horizon for the financial services industry. The Financial Accounting Standards Board (FASB), Accounting Standard Codification (ASC) Topic 842 and the International
Needing to create a new job in JobStream in ASPIRE? JobStream is where new jobs are created to be run once at a scheduled time
Security. Privacy. Peace of mind. Personal data may not be the first subject matter tied to these three desirable experiences. However, it has steadily emerged
Need to set up Benchmarks in ASPIRE? Benchmark reflects the swap rate or cost of funds from the finance company’s funding source, for example, the
Just when you thought you had technology all figured out, Facebook unveils its latest algorithm change and Amazon is exposed for housing millions of fake customer reviews,
“I don’t have time for this. There just aren’t enough hours in the day.” Or my personal favorite – “It’s five o’clock already?” We’re all familiar
The silo mentality is a long-standing problem many companies face when managing multiple teams. Just like how the grain in farm silos is isolated from
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