Equipment Lease Sourcing Software provides:
Automated RFP Generation
Automated Proposal and Ranking
Standardized Terms and Conditions
Global Network of Lessors
International Leasing Companies
Two Minute Overview
What is Competitive Sourcing for Equipment Leases?
Rapidly Generate RFPs
In Days Not Weeks
One of the primary reasons more companies don’t send out RFPs for equipment financing is the amount of time it takes to run a competitive bidding process. We’ll take your bidding process down from weeks to days. LeaseAccelerator automatically generates RFPs with just a few mouse clicks. We’ll populate many of the standardized, repetitive items.
You just fill in the specifics of your lease:
- What type of equipment are you looking to finance? Manufacturer, model number, quantities and unit costs
- What types of financing terms are you looking to obtain? Currency, payment frequency and lease type (Fair Market Value, Dollar Out, etc.)
And we’ll do the rest.
Get Competitive Bids
From Up to 500 Leasing Companies
We’ll distribute your RFP to many of the 500 financial institutions on our Global Lessor Network. More competition ensures you receive the best financing rates and leasing terms. Our network includes many of the world’s top banks, vendor captive and independent lessors in countries ranging from the US and Canada to India and China.
We’ll act as a market maker to ensure there are enough companies bidding on your lease to ensure you get competitive rates. And we will match financial institutions to your specific needs. We have lessors who specialize in a variety of credit ratings, asset classes and geographic regions. Big ticket or small ticket; investment grade or speculative; emerging markets or developed – we’ve got you covered.
Pick a Winner
With Apples-to-Apples Comparisons
Compare all your bids based upon Internal Rate of Return, Present Value or total cash flow. Export the comparison to a spreadsheet so you can sort, analyze and share results. Once you decide which financing offer to accept we will notify both the winner and the losers. Automatic notification means less time spent emailing and phoning lessors to inform them of your decision. You can also provide feedback to losers on why they “didn’t get the business.”
Tired of spending countless hours with expensive outside counsel to negotiate your leasing terms? We’ll help you standardize your contracts. You can use Lease Accelerator’s PureDocs contract – already accepted by 25 of the largest lessors in the US. Or if you prefer we’ll use your own Master Lease Agreement.
Learn More about Equipment Lease Sourcing
White Papers, Handbooks and Research Studies
Take a closer look at the features of LeaseAccelerator’s Equipment Lease Sourcing functionality including Lease versus Buy Analysis; FAS 13 Testing; Automated RFP Generation; Global Lessor Network; Competitive Bidding Process; Proposal Analysis and Ranking.
Listen to our Spend Management for Leased Equipment Webinar to hear five best practices for reducing costs. Hear multiple case studies of how Fortune 500 companies are managing equipment leasing as a focused spend category with targeted savings objectives.
Download this guide to learn how to aggregate and centralize your leased equipment spending; how to leverage competition to reduce your financing rates; and how to stop spend leakage during the life cycle of a lease.