Acquis is partnering with California-based Innovative Lease Services (ILS) to help protect ILS' growing equipment finance portfolio.

Through the partnership, Innovative Lease Services, which offers flexible alternatives to traditional banks, will add Acquis’ post-activation insurance solution to its equipment finance process. This will reduce the administrative workload associated with managing customer insurance certificates, giving ILS greater confidence that financed equipment is protected from the start of the agreement.

The solution is designed to support ILS as it grows in the coming years. The partnership will enable faster funding decisions, a simpler customer experience, and responsive claims support in the event of unexpected loss or damage to critical business equipment.

Founded in 1986, Innovative Lease Services is a privately held, Carlsbad-based lender that provides custom commercial equipment financing and working capital to small and midsize businesses. Supporting financing amounts ranging from $5,000 to $5 million, it also provides equipment vendor financing programs for businesses financing both new and used equipment.

James Rudolf, Chief Commercial Officer at Acquis, said of the partnership: “We’re proud to partner with Innovative Lease Services as it continues to expand its equipment finance offering and support of small and midsize businesses. By adding our post-activation insurance solution to the customer journey, ILS can reduce administrative complexity, fund deals more efficiently and help ensure customers have protection in place for the equipment they rely on every day.”

Andrew Nere, CEO at Innovative Lease Services, added: “Partnering with Acquis gives us a specialist insurance solution that supports our growth plans, helps us reduce administrative burden and removes a customer friction point. This solution enables us to fund deals quickly with confidence that financed assets are protected. At ILS, we are focused on providing fast, flexible financing solutions that help businesses access the equipment and capital they need to grow.”