Stratford-upon-Avon based software company Enable has today launched a new subsidiary called DealTrack Ltd. The new company has been created by entrepreneurs Denys Shortt (who also owns DCS Europe) and Andrew Butt who have combined forces with fellow directors David Hunt, Andy James and Dan Wood.
DealTrack will be located in the new £1 million Enable headquarters in Timothy’s Bridge Road and will create up to 5 new jobs over the coming year.
DealTrack creates web based software that simplifies business-to-business trading, unlocks hidden revenue and maximises profit in trading agreements.
For over a decade, Enable has helped distributors, wholesalers and buying groups manage the income they receive from suppliers and customers. Denys and Andrew have identified a key area where businesses are continually throwing away hard earned revenue.
Denys Shortt comments: “I am delighted to be announcing DealTrack — an exciting new business created in tough economic times. We have found a niche here. DealTrack will transform how companies manage their business deals and help them lock down profits. It has been tried and tested.”
Enable Managing Director, Andrew Butt explains: “We have identified that rebates and royalties are often poorly supported by core business software systems and crucial agreements and revenues are often relegated to spreadsheets and paper records. The scary part is that this income can sometimes amount to more than the company’s gross profit!”
DealTrack Director Andy James adds: “Businesses are operating in challenging times due to the unprecedented economic issues of the last few years. The ability to become or maintain a world-class organisation has never been more difficult or more important. With DealTrack we are helping companies operate with maximum efficiency by using our excellent and reliable software.”