INSUBCONTINENT EXCLUSIVE:
announcing $13 million in Series A funding.The round is led by Menlo Ventures, with participation from Sierra Ventures
Denys Shortt in 2015 but launched fully in 2017, Enable makes it easy for distributors to track, manage, and optimise rebates
Rebate incentives offered by suppliers are a common industry practice, while the rebates offered are increasingly relied on by distributors
to turn a profit.However, the agreements put in place and the tracking and validating of qualifying terms has created a back office headache
and many wasted hours on behalf of parties involved
This includes a breakdown by product, location, day, supplier, and customer and the reconciliation of sales and purchase transactions
opportunity is huge, too, with Manufacturers issuing more than $1 trillion in rebates each year
Noteworthy, until now the company has been largely and in the last two years has on-boarded more than 2,000 trading partners processed
rebates on more than $30 billion in sales
Customers include Rexel, Travis Perkins, and Wolseley, as well as other distributors, buying groups, and retailers from across the United
deal with distributors and rebates receivable, which is more tricky to manage because distributors deal with a higher number and diversity
of products compared to manufacturers
