LeaseAccelerator announced PureLease Marketplace, a global bidding platform that makes competing equipment leases simple, fast and easy, has sourced over $1.5 billion in lease financing. PureLease Marketplace saves clients an average of 7 percent on equipment costs by competing their equipment leases.

The PureLease bidding platform includes buy-side services for equipment users (lessees) and sell-side services for equipment leasing companies (lessors):

• PureLease Marketplace  – the first dedicated, competitive lease financing marketplace, where lessees get the lowest rates and best value for equipment leases.
• Global Lessor Network – a network of over 500 equipment lessors in 80 countries. Approved leasing companies gain access to prequalified leasing deals with committed equipment lessees with strong credit quality, resulting in more opportunities, shorter sales cycles, and lower cost of sales.

PureLease clients gain access to a suite of tools to automate, streamline, and control their equipment leasing process:

• Lease vs. Buy analysis
• Intelligent lessor matching
• Request for Proposal (RFP) preparation and distribution
• PureDocs: standardized lease documents
• Proposal analysis and ranking
• PureData: abstracted, reconciled deal data ready for booking directly into your lease accounting software.

"With this major volume milestone, PureLease Marketplace proves its long-term value for lessees, reducing the time spent building lessor relationships by 25 percent and managing RFPs by 40 percent," said Michael Keeler, CEO at LeaseAccelerator. "With PureLease, anyone can improve their lease financing for significant economic and operational savings."