We all know it makes more financial sense to lease depreciating assets than to buy them, so why don’t organizations lease more?
No single department in an organization owns leasing which means the processes and communication often work against productivity, cost savings and compliance. Most procurement departments are more comfortable buying assets than leasing them, and going out for lease financing is complicated and time-consuming, especially with limited resources.
It can be challenging to define lease terms, build out RFPs, find lessors, manage the bidding process, negotiate agreements, and then choose the best deal. To make matters worse, organizations often leave money on the table by using the same vendors over and over, not consolidating smaller deals, or not negotiating end-of-term provisions as part of the deal.
With PureLease, each department maintains control of their own part of the leasing process, from procurement/supply chain, treasury, and finance to the business units and the equipment lessors.
The result is centralized and optimized lease vs. buy decisions, well-competed deals, the right asset-class expertise, standardized contracts that cover the complete life of a lease from inception to end-of-term, and a process that takes weeks instead of months.