Start Managing Leased Equipment Spend

Who owns your equipment leasing spend? At most companies the answer is “no one.” The average Fortune 500 company leases between $100M and $1B in equipment. However, in most procurement organizations, no one is accountable for analyzing or managing spend around equipment leasing.
We can help you formalize equipment leasing as a spend category. We will give your various category owners (Material Handling, Office Equipment, Fleet Management) the tools they need to better analyze spend.

Lease Accounting Software
Lower Equipment Financing Rates

Capture Millions in Savings

You leverage competition to optimize the purchase price for equipment like forklifts, laptops, and trucks. Why not use the same principles to generate more competitive financing terms for your leases? Instead of settling for whatever rate the vendor captive’s finance arm or your house bank offers, why not put the lease in a competitive bid process?
Our Equipment Lease Sourcing software can save you 6-8% on leasing costs by simply applying the basic principles of procurement to leases. We’ll put an RFP out to a community of 500+ lessors who will competitively bid for the right to win your business.

Stop Leakage at End of Term

Your procurement organization works hard to generate savings on big equipment deals. Sadly, many of the hard-fought savings you negotiated during the sourcing process are being lost through inefficient management of equipment at the end of its lease. Why? Because most companies do not have a process for managing “the end of term.” Instead of exchanging the equipment for newer models at the end of the term, many organizations “do nothing.” They pay well past the end of term — the equivalent of 125% or 150% of the purchase price.
Our Equipment Lease Sourcing software can help reduce your end of term leakage by 10-15%. We’ll track every piece of equipment from furniture and phones to computers and copiers. We will notify you six months in advance of the end of term for any lease so you have ample time to decide if you want to renew the lease, buy the equipment, or return it. We’ll help you put an end to evergreen fees so your negotiated savings turn into realized savings.

ROI of Equipment Leasing

Equipment Lease Sourcing – Case Studies

Siemens Artis Zee Lease

Siemens Artis Zee Lease via a Competitive Marketplace

Olympus Endoscope Lease

Olympus Endoscope Lease via a Competitive Marketplace

Cerner RX Station Lease

Cerner RX Station Lease via a Competitive Marketplace

Tractor Trailer Lease

Tractor Trailer Lease via a Competitive Marketplace

Roll-Off Trucks Lease

Roll-Off Trucks Lease via a Competitive Marketplace

Oracle Exadata Lease

Oracle Exadata Lease via a Competitive Marketplace

IT Infrastructure Lease

IT Infrastructure Lease via a Competitive Marketplace

Dell Supercomputer Lease

Dell Supercomputer Equipment Lease via a Competitive Marketplace

Competitive Sourcing for Equipment Leases

Learn More about our Solutions for Procurement

White Papers, Handbooks, and Research Studies

Procurement and Lease Accounting eBook

Procurement and Lease Accounting eBook

| Guides, Procurement | No Comments
No organization can be more helpful to automating the lease accounting process than the Procurement team, yet few companies have engaged them in their project efforts. Download this eBook to…
Spend Management for Equipment Leasing Webinar

Webinar Replay: Spend Management for Leased Equipment

| Procurement, Webinars | No Comments
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…
5 Best Practices for Managing Leased Equipment

Spend Management for Leased Equipment – 5 Best Practices

| Procurement, White Papers | No Comments
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…