LeaseAccelerator’s PureLease Marketplace, a bidding platform for equipment leases, has sourced more than $1.5 billion in lease financing.

The PureLease bidding platform includes buy-side services for equipment users (lessees) and sell-side services for equipment leasing companies (lessors) through the PureLease Marketplace and a global network of more than 500 equipment lessors in 80 countries. Approved leasing companies gain access to prequalified leasing deals with committed equipment lessees.

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

• Lease versus 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 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% and managing RFPs by 40%,” Michael Keeler, CEO of LeaseAccelerator, said. “With PureLease, anyone can improve their lease financing for significant economic and operational savings.”