Lessen Launches Innovative Purchasing Marketplace for Vendors

"Lessen Advantage Marketplace” provides vendors with seamless, efficient platform to access lower prices on supplies and materials, and preferred rates on insurance and financing programs

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April 02, 2024 10:00 AM EasternDaylight Time

SCOTTSDALE, Ariz.—(BUSINESS WIRE)—Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, today announced the launch of the “Lessen Advantage Marketplace.” This centralized, dynamic hub allows vendors who are part of the Lessen Advantage™community to enjoy access to a diverse range of products and services geared toward maximizing efficiency and fostering growth.

“Every day, we are welcoming new customers and broadening our service range and market presence”

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The Marketplace includes access top referred rates on insurance and bank financing, as well as access to thousands of products and materials through One Source, an integrated e-commerce purchasing hub. On average, users will benefit from savings of over 18%compared to prevailing retail prices.

"We want to help our vendor community to save time and money on all of their projects,” said Lessen founder and CEO Jay McKee. "Our marketplace is another step forward in our goal to transform how property services are managed.”

Marketplace: Capabilities and Benefits

One Source – the Lessen Market place e-commerce Portal

The first release of the Marketplace provides Lessen’s vendor community with access to One Source, an e-commerce portal developed in partnership with Purchasing Platform, Inc. that connects to a network of trusted suppliers for significant cost savings on products. OneSource makes searching for and purchasing materials easier, with access to over20,000 products online and pre-negotiated discounts that save an average of 18%over the list price. The initial release of One Source provides access to materials and products from a wide range of suppliers such as Lowes (for Pro), SherwinWilliams (paint), Goodman/Daikin (HVAC), Essendant and Office Depot (office supplies). One Source also provides access to electrical and plumbing supplies, lumber, tools, furniture, doors/windows, cabinets and more.

“We’re thrilled to partner with Lessen and support their commitment to delivering innovation across the property management landscape,” said Dave Bowen, CEO of Purchasing Platform, Inc. “WithOne Source, Lessen’s vendor community will benefit from the industry’s best pricing for the products and suppliers they trust the most. The intuitive marketplace environment simplifies procurement for all parties.”

Insurance and Financing Services

The Lessen Marketplace also makes it easy for vendors to competitively shop for a variety of business insurance and financing needs. Using the Marketplace, vendors can fill out a single application in as little as five minutes to obtain quotes tailored to their business needs. Insurance options include general liability, commercial auto insurance and workers’ compensation policies, while financial products provide vendors with access to capital at preferred rates. Vendors also have access to a dedicated funding advisor, who works with them and answers their questions during the entire process.

Growing the marketplace

The launch of the Lessen Advantage Marketplace is a significant step toward Lessen continuing its journey to expand the roster of products and services that benefit both customers and vendors.

“Every day, we are welcoming new customers and broadening our service range and market presence,” said Justin Iannacone, Lessen’s Chief Process and Innovation Officer. “The introduction of the Lessen Advantage Marketplace underscores our dedication to ongoing innovation, aimed at delivering value for both our customers and our network of over 30,000 vendors.”

Suppliers who are interested in offering products or services on the Lessen Marketplace should reach out to justin.iannacone@lessen.com.

About Lessen

Lessen is the tech-enabled, end-to-end property service provider that is transforming how commercial and residential real estate services are delivered and managed at scale. Lessen’s technology platform provides data-driven insights that unlock key growth opportunities for the entire real estate ecosystem—including investors, owners, managers, and service providers. The company enables local field managers to deploy and oversee a network of vetted, qualified vendors (Lessen Affiliates) acting as one unit across distributed property portfolios—serving a national footprint of more than 250,000 properties and completing more than 3 million work orders annually across an expanding range of services. Lessen, LLC is a venture-backed, privately held company with offices in Scottsdale and Chicago.To learn more, visit Lessen.com.

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