Monitor

Congratulations to Clay Fischer, CLFP of Oakmont Capital Services - JA Mitsui Leasing Group for being recognized as a 2024 Monitor NextGen Leader. As the large-ticket credit manager at Oakmont Capital Services, Clay Fischer oversees groundlevel operations and manages larger-ticket, storied and structured transactions. Fischer strives to be a “lead-by-example” manager, a methodology he has seen translate into success for both his company and his team. He believes in a powerful yet positive approach to leadership, holding himself to a high standard and setting aspirational goals. Fischer also understands that recognizing and addressing his own shortcomings is critical for continuous improvement. By modeling this behavior, he encourages his team to reach for, meet and exceed their potential. Fischer is inspired by the veteran leaders at Oakmont who have been in the industry for decades. He acknowledges that the company’s success lies with these individuals. “If I were ‘drafting’ an equipment finance team, I’d pick every single person who works at Oakmont,” Fischer says. One reason Fischer loves the equipment finance industry is its willingness to invest in efficiencies, processes and tools that deliver the best loan products at the best cost to customers. He sees great opportunities across all lending areas due to technology, which aids in data analysis, risk mitigation and enhancing the customer experience from application to loan closure. Fischer identifies recent economic turbulence as a short-term challenge for the industry, while longterm concerns focus on legislation impacting the business. He believes legislators need to understand the industry before making changes and views organizations like the Equipment Leasing and Finance Association, the National Equipment Finance Association and the Certified Lease & Finance Professional Foundation as crucial in bridging this gap. If Fischer could change one thing about the industry, it would be the stigma surrounding equipment finance. Often, he says, the industry receives a bad reputation based on structures, rates or approval standards. From Fischer’s perspective, the industry provides the lifeblood that stimulates the economy. Explore the 2024 NextGen Flipbook & Digital Editions: https://lnkd.in/epE9ddUU #monitor #flipbook #digital #edition #nextgen #40under40 #congrats

What does it take to prepare a future-ready business? In today’s podcast, Deborah Reuben, CLFP interviews Bob Rinaldi, CLFP about the power of curiosity, humility, collaboration and the critical questions for future readiness and peace of mind. Watch here: https://ow.ly/vtJh50Pthil Listen here: https://ow.ly/h6pJ50Pthim Sponsored by STRIPES Leadership TomorrowZone Rinaldi Advisory Services #monitor #podcast #future #ready #business #leadership #news #finance

Congratulations to DLL on being recognized as a 2024 Monitor Top 40 Vendor Finance Leader. Explore the 2024 NextGen Flipbook & Digital Editions: https://lnkd.in/epE9ddUU? #monitor #flipbook #digital #edition #top40 #vendor #finance #congrats

Having recently garnered increased consideration from CFOs, fair market value leases are on the rise in most markets. Under the umbrella of operating leases, FMVs are presenting new opportunities for equipment financiers and offering dozens of benefits to their customers. Read more: https://lnkd.in/eS_xyFZs Sudhir Amembal | Amembal & Associates #monitor #top #story #equipment #finance #trends #fmv #leases #news

Congratulations to Bailey Carrigan of Accenture for being recognized as a 2024 Monitor NextGen Leader. Bailey Carrigan’s persistent pursuit of innovation and her deep interest in the details of equipment finance has made a considerable impact at Accenture. Over the past six years, she has rapidly advanced through the company’s ranks, culminating in her recent appointment as the North America equipment finance lead. Carrigan’s unwavering commitment to her clients and team members has bee crucial to her progress and achievements at Accenture. Carrigan has a wide range of interests within her industry responsibilities, including integrating financial mechanisms with specialty assets and engaging with clients. Her involvement is evident as she supports clients with leasing and lending processes or advises on asset management solutions. Carrigan’s dedication to her clients’ success fuels her determination to tackle new challenges, explore the complexities of equipment finance further and influence the future direction of the industry. Carrigan identifies two key challenges in the equipment finance industry: the significance of technical debt and reliance on outdated processes. To address these challenges, she believes industry institutions must adapt their processes and technology to meet new demands as customer expectations shift toward self-service. Carrigan also emphasizes the importance of embracing new technologies, such as generative AI to drive industry growth. “AI has the potential to revolutionize roles throughout the equipment finance value chain by providing automation, enhancement and comprehensive support,” she says. Carrigan believes that, by leveraging these innovative technologies, companies can stay ahead of industry trends and stimulate growth. Explore the 2024 NextGen Flipbook & Digital Editions: https://lnkd.in/epE9ddUU #monitor #flipbook #digital #edition #nextgen #40under40 #congrats

Unlock the secrets to personal and corporate growth with our latest TomorrowZone Podcast episode featuring Chris Cummins! Join Deb Reuben as she dives into a dynamic conversation about stepping out of your comfort zone, continuous learning, and embracing challenges for true innovation. Discover Chris’s insights on the importance of a bias for action, the value of seeking diverse perspectives, and how to turn setbacks into stepping-stones. This episode is packed with actionable advice for leaders and innovators ready to push boundaries and drive success. Tune in now to embrace the growth zone and ignite your journey of transformation. "Success leaves clues. If you're going to talk to successful people, figure out what they're doing and maybe go ahead and emulate that." - Chris Cummins #TomorrowZonePodcast #GrowthZone #Innovation #Leadership #DigitalTransformation #ContinuousLearning 

Nominations are open for Monitor’s annual Industry Icon awards, which will appear in our Sept/Oct issue, featuring profiles of industry leaders in the categories below. Nominate Now: https://lnkd.in/e-bc__4A Pioneer A trailblazer who was the first to try something new that has been adopted by the industry. Past Pioneers: Tony Golobic, Reid Raykovich, Bill Phelan, Dan Michalek, Deborah Baker and Bette Kerhoulas Veteran An individual who has weathered several economic cycles and has created a legacy of performance and contribution. Past Veterans: Adam Warner, Rich Doherty, Crit DeMent, Joe Nachbin, Bill Carey and Don Campbell Current Leader A current, high-ranking equipment finance leader who uses creativity, knowledge and influence to strategically direct their organization. Past Current Leaders: Terey Jennings, Eric McGriff, Nancy Robles, Amy Gross and Miles Herman Disruptor An innovative current leader with a company or technology that is changing the industry (future pioneer). Past Disruptors: Mark Tomaselli, Bill Verhelle, Deborah Reuben and Robert Preville NextGen A rising leader who has demonstrated tenacity, creativity and drive to keep the industry relevant and competitive. Past NextGen: Kara Miyasato, Allison Conley, Lexie Dressman, Ricardo Rios and Kevin Hall You may make as many nominations as you would like, but please submit a separate form for each nomination. Nomination Deadline: Friday, August 9th #monitor #nominations #industry #icon #submit #open #nominate #now

Congratulations to Ashley McDermott of Citizens for being recognized as a 2024 Monitor NextGen Leader. Ashley McDermott’s career in the equipment leasing industry began when she joined Citizens in 2011. During her tenure with the bank, McDermott’s various experiences have provided her with the knowledge, skills and network needed to be a successful leader. She has held roles in the commercial operations group and the customer support team, and is currently the commercial operations manager. Her team of 12 is responsible for the day-to-day servicing needs of Citizens’ equipment leasing clients. Throughout her career, McDermott has worked with strong leaders and female mentors who greatly contributed to molding her into the leader she is today. She strives to ensure that her team feels empowered, respected and valued. Rather than taking a delegation approach to management, she works alongside her team to achieve ultimate success. In her opinion, the current economic environment is the biggest challenge facing the equipment finance industry today. “The cost of equipment and the interest rates have almost doubled in the last five years, which makes growth an expensive plan for any business,” McDermott says. “The higher costs and rates have forced lenders to restructure pricing as they need to pass on these increased costs of doing business to clients. This makes offering competitive pricing a challenge.” Given the current economic environment, McDermott believes there is an opportunity for lenders to find ways to set themselves apart from competition. In her opinion, providing outstanding customer service is the best way to do this. On an opportunistic note, McDermott says sustainability has become more than just a buzzword and as the demand for sustainable solutions grows, so does the need for new technologies and infrastructure. “Equipment finance companies have an opportunity to help clients identify and develop financing solutions to implement decarbonization technologies that can reduce emissions and cost, improve operating efficiency and align with stakeholder interests,” McDermott says. Explore the 2024 NextGen Flipbook & Digital Editions: https://lnkd.in/epE9ddUU #monitor #flipbook #digital #edition #nextgen #40under40 #congrats

What does it take to prepare a future-ready business? In today’s podcast, Deborah Reuben, CLFP interviews Bob Rinaldi, CLFP about the power of curiosity, humility, collaboration and the critical questions for future readiness and peace of mind. Watch here: https://ow.ly/vtJh50Pthil Listen here: https://ow.ly/h6pJ50Pthim Sponsored by STRIPES Leadership TomorrowZone Rinaldi Advisory Services #monitor #podcast #future #ready #business #leadership #news #finance

Congratulations to AP Equipment Financing on being recognized as a 2024 Monitor Top 40 Vendor Finance Leader. Explore the 2024 NextGen Flipbook & Digital Editions: https://lnkd.in/epE9ddUU? #monitor #flipbook #digital #edition #top40 #vendor #finance #congrats