DataScan announced on Monday that it has been formally accepted into the Equipment Leasing and Finance Association (ELFA), deepening its commitment to the equipment finance industry.

For more than 30 years, DataScan has provided solutions designed specifically for wholesale finance companies, helping manage the wholesale loan lifecycle while decreasing risk. An industry leader in the automotive space, DataScan widened its focus to include equipment finance in an effort to address its wholesale financing pain points.

As an ELFA member, DataScan said it can better contribute to industry discussions and collaborate with fellow members to solve common challenges found in asset-based finance.

“We’re excited to join ELFA,” DataScan CEO Brian Koprowski said. “The wealth of knowledge, connections, and resources that come with this membership can further DataScan’s ability to empower equipment finance lenders with valuable insights into their wholesale lending businesses.”

With ELFA membership, DataScan said can collaborate with members and drive innovative solutions to the equipment finance industry.

“Thanks to Auxilior Capital for sponsoring our membership. DataScan has a long history of serving the equipment finance space on behalf of numerous clients,” DataScan president Matt Powell said.

“This membership allows DataScan to expand its presence in the equipment finance industry and deliver new ways to add value. ELFA has been great to work with, and we look forward to building long-standing relationships with ELFA and its members,” Powell went on to say.