Rebate management blog - Page 21 - Enable

4 alternative solutions for rebate accounting

The Deal EconomyFebruary 7, 2017

Most businesses have a choice of 4 types of system to manage trading agreements: 1 — Your core ERP system Basic ERP systems do not cope with vendor rebates very well at all. Some ERP systems do have bolt-on vendor rebate modules. They tend to provide some flexibility but in a very complex environment the standard module is often not up to the job and incapable of modelling all the product / price / branch / margin combinations that might be required. As a result, many companies still need to res...Continue reading

Sales record for Enable — for 17th year in a row!

Build It BetterFebruary 1, 2017

Stratford-upon-Avon based software developer Enable has closed another record year in 2016 by sustaining double digit growth.

Sales for 2016 increased to more than £3.15m, up from £2.65m the previous year which represents an increase of 18.6% — more than £500,000. Licensing and implementing Enable’s new DealTrack software product was responsible for a significant portion of the growth.

During the year the company also welcomed 7 new starters on-board, taking the total headcount to 44 staff.

Co-founder and MD Andrew Butt comments:

“In 2017 with DealTrack and Enable iD we hope to pass through the £4m milestone.”

“We are receiving significant interest in our products and services from both UK and USA and are investing heavily in product development to make sure we are providing innovative software to our existing clients as well as attracting more new business.”

“We are also continuing to work closely with University of Warwick and plan to recruit many more graduates this year to help meet current and expected future demand.”

What is rebate management software?

The Deal EconomyFebruary 1, 2017

Rebates were “invented” as a way of driving sales growth without simply reducing the contract price. By agreeing these retrospective financial incentives based on actual sales, both the supplier and the distributor are working together to drive market share and growth.Rebates often act as either a reward for loyalty or as an incentive for increasing trade with a specific trading partner because the benefits of a rebate agreement tend to improve as trade with the trading partner increases.Whilst...Continue reading

Buyers considerations for contract management software

The Deal EconomyJanuary 10, 2017

If you’re responsible for procurement in a buying group, wholesale distributor, multi-site or large business (such as building materials, HVAC, plumbing and electrical supplies businesses or buying groups of all types) then it’s likely you have a need for a contract management system that can accurately deal with supplier rebates. Rebates were originally designed to aid both the manufacturer and the distributor to grow product sales without resorting to a price war. By maintaining a set price th...Continue reading

Why ERP won’t solve your complex vendor rebate accounting problems

The Deal EconomyJanuary 3, 2017

Complex ERP and supply chain systems such as SAP are built to cover a broad range of requirements for organisations in a lot of different sectors. If you have a need for niche, deeper industry specific functionality such as complex vendor rebate management, then trying to force your organisation’s needs and processes to fit with general ERP functionality limits your ability to maximise value from your vendor rebates.The best of breed vs ERP debate has raged ever since ERP packages became availab...Continue reading

DealTrack’s rebate management system and the NBMDA Annual Convention

The Deal EconomyOctober 31, 2016

The NBMDA convention in Chicago was once again the focus for distributors and manufacturers that serve the US independent building materials sector. The convention provided delegates with access to distributors, manufacturers and service providers who shared best practice, market trends and insights. DealTrack exhibited at the convention in partnership with sales-i. sales-i is a sales performance tool created to make selling less stressful and more profitable for any product-based salesperson...Continue reading

sales-i and Enable form strategic partnership

Build It BetterAugust 30, 2016

West Midlands, UK — sales-i and Enable, two West Midlands based enterprises, have partnered to provide a suite of software to improve profit margin and increase sales across manufacturing, distribution and wholesale industries.

Founded in 2008, and with offices in both the UK and North America, sales-i provides market-leading sales performance software designed to help manufacturers, distributors and wholesalers. Its award-winning software helps companies to improve their bottom line, identify new business opportunities, and strengthen their customer relationships.

Enable provides DealTrack — a rebate management solution that helps organizations manage complex trading agreements involving retrospective payments, such as rebates, retrospective discounts, royalties, purchase income and other forms of back margin.

The partnership will combine sales-i and Enable’s vast experience and expertise in wholesale and distribution to provide a suite of software to improve profit margin and increase sales.

4 min read

ROI calculator for rebate management systems

The Deal EconomyAugust 23, 2016

DealTrack is aimed at those businesses for whom a significant portion of their margin results from vendor rebates, retrospective discounts, tiered discounts and the like. Businesses in the building materials, wholesale distribution and those who are part of buying groups frequently trade on these types of deal. Since we first released DealTrack we have monitored the return on investment that has been enjoyed by users of this rebate management system and I wanted to share some of the facts and fi...Continue reading

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