Enable acquires Profectus’ rebate deal management platform
Enable, the collaborative rebate management platform has completed the acquisition of the Rebate Deal Management (RDM) arm of Profectus Group, a technology-driven services provider of compliance and recovery solutions.
Enable will acquire and be responsible for the ongoing operation of Profectus' RDM platform and working with new and existing customers as part of the agreement. These customers include Australia and New Zealand's largest retailers, such as Officeworks, GPC, Super Retail, and more. The partnership also ensures Enable's existing customers can access elite auditing and compliance technologies and services from Profectus.
For Profectus, the agreement extends the Australian-headquartered company's services to the global market and allows them to begin working on the compliance and audit with Enable's existing customers.
Furthermore, as part of the agreement, Profectus will obtain a stake in Enable.
"Enable is the fastest-growing rebate management software company globally, which is why we've decided to invest in Enable's future. With their obsession with customer success, experienced management team and strong financial backing, we're confident their incredible upward trajectory will continue," says Chris Hutchins, CEO of the Profectus Group, which is automating compliance and recovery solutions. Its pay-per-claim audit model guarantees client ROI, and its compliance technologies help prevent financial erosion at the source.
"For us, this partnership provides the greater opportunity to maximise value for Enable's existing clients by helping them automate compliance and recover lost revenue," adds Hutchins.
"The synergy between software and compliance and auditing services in the rebate world has been apparent to me for some time. Our customers have expressed an interest in the type of risk management help that specialised expertise and technologies can provide," notes Andrew Butt, Enable CEO.
"They need help with contract compliance, supplier audits, and accounts payable audits. That's why we're so excited about Profectus Group. While Enable focuses on software, Profectus has perfected their professional auditing offerings and compliance technologies. With this partnership, all our customers will receive benefits."
"For Profectus' customers, they'll be able to access Enable's rebate management platform and benefit from the massive continuous investment we are making in R&D, and Enable customers gain access to leading audit and compliance expertise to mitigate future risk. Australia and New Zealand is an important region for Enable, and Profectus is the perfect company to partner with us as we pursue our mission in the southern hemisphere."
Notably, Enable helps manufacturers, distributors, and retailers take control of their rebate programs and turn them into growth engines. Starting with finance and commercial teams, Enable helps a company better manage rebate complexity with automated real-time data and insights, accurate forecasting and stronger cross-functional alignment.
Enable lets a client know exactly where they are with rebates. In addition, clients can extend Enable externally to suppliers and customers, setting them up with one collaborative place to author, agree upon, execute, and track the progress of deals.
