A view into the future of equipment finance
Equipment finance firms are under growing pressure to accelerate digitalization—to use it more effectively and improve efficiencies to compete in a tougher economic climate in the wake of the pandemic. Facing rising competition from digital-savvy alternative lenders, leaders know now is the time to transform front- and back-office finance activities and operating platforms to improve speed, efficiency, costs and the customer experience.
A survey of 60 North American equipment finance IT and business executives, conducted for Accenture Technology Vision 2020, reveals that industry professionals are aware of the importance of delivering a more human experience.
What equipment finance professionals are saying:
As technology’s level of impact grows ever higher throughout society, successful businesses will be those that use these new models to invite people—lessors, lessees, buyers, employees, partners or the public—to co-create their new course for the future.
In this report, we look at the four Banking Technology Vision trends that resonate most for equipment finance executives:
Keeping pace with a changing landscape
To move forward in a post-digital world, lenders must first acknowledge the essential role technology plays in people’s lives today—and how that relationship is changing. Contact us to learn more about how Equipment Finance, a part of Accenture Specialty Finance, assists banks and captive equipment finance companies in readying their businesses to better compete, grow and thrive in the digital economy.