RLD’s 2019 Dealer Business Trends & Outlook Report showed how technology will drive changes in financing as well as the top concerns dealers have going into 2019.
Experts explain how artificial intelligence, blockchain and smart contracts can
benefit equipment financing — and encourage dealers to learn about the technologies and
seek out financing partners who are doing the same.
Artificial intelligence, blockchain and smart contracts are three kinds of technology
improving processes and outcomes in other industries, but which are not yet available for
equipment financing. Two experts say it’s time that equipment dealers demand this tech of
their financing partners.
Artificial intelligence, blockchain and smart contracts are three kinds of technology improving processes and outcomes in other industries, but which are not yet available for equipment financing. Dealers can help spur the adoption in the equipment segment.
Dealers can put several trends to good use in 2018, including the increasing importance of subject matter experts and the preference for live interactions.
"Mahindra is a local company and we have to get local with the dealers to gain awareness as well as build the brand," says Mahindra North America President Mani Iyer.
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