Enable Drives Millions in Rebate ROI, 100% Growth of Rebate Programs According to Canalys Ecosystem Multiplier Study
April 24 2024 - 8:06AM
Business Wire
Third-party, independent study finds that Enable’s rebate
management platform delivers a strong ROI to its client base of
manufacturers, distributors, retailers, and buying groups
Enable, the rebate management platform, released an
independent ROI study conducted by Canalys, a leading global
technology market analyst firm. The Ecosystem Multiplier Study
analyzed customers' financial outcomes, operational efficiencies,
and sentiments through a series of interviews, focusing on factors
customers listed as key drivers of value using the Enable
product.
The study found that companies using Enable’s rebate management
platform captured significant ROI in terms of financial savings,
revenue growth, streamlined timelines, and rebate program
expansion.
Key findings include:
- Substantial financial savings: Distributors using
Enable reported savings of up to $2.5 million through enhanced
rebate efficiencies.
- Revenue growth: Distributors reported a 40% year-on-year
increase in total revenue from rebate programs after integrating
Enable’s solutions.
- Streamlined payment timeframes: In a world where
cash flow is of the utmost importance, implementing the Enable
platform slashed payment timeframes from 12 to four weeks.
- Expansion of vendor rebate programs: Retailers
have expanded their vendor rebate programs by over 100%, which in
turn drove 83% growth in rebate income within just one year.
“Rebates are the grease that keeps the supply chain running,”
said Andrew Butt, Co-founder and CEO of Enable. “As opposed to
pricing discounts, rebates require a goal to be met, and in this
way, they ensure trading partners operate as seamless extensions of
each other. We are thrilled to have partnered with Canalys to
confirm that customers receive tremendous ROI from Enable, and we
are excited to provide increasingly more companies with access to a
rebate management platform that gives them comprehensive deal
support, collaboration with trading partners, and full control over
all their rebate programs.”
The Canalys Enable Ecosystem Multiplier Study is available for
download here: https://enable.com/reports/canalys-report
ABOUT ENABLE
Enable helps manufacturers, distributors, and retailers take
control of their rebate programs and turn them into an engine for
growth. Starting with finance and commercial teams, Enable helps
companies to better manage rebate complexity with automated
real-time data and insights, accurate forecasting, and stronger
cross-functional alignment. This lets companies — and everyone in
their business — know exactly where they are with rebates. Then
they can extend Enable externally to suppliers and customers,
setting them up with one collaborative place to author, agree,
execute, and track the progress of their trading relationships.
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Kristen Grossi talkTECH Kristen@talkTECHcomm.com