Collaboration is a process that allows a group of people to come together and work towards the accomplishment of a common goal. In business, you and your trading partners share a common goal of achieving profitable growth, so why are many trading relationships adversarial or treated as an afterthought? With significant advancements in cloud-based workflows and file sharing technology, the opportunity for multiple parties to collaborate on a project using a single platform has never been more achievable.
Collaboration is the future of business! At Enable we understand that teamwork provides improved efficiency and productivity, that’s why we have integrated a new platform called Collaborator within our rebate management software.
For over a decade, DealTrack has helped merchants, buying groups, wholesale distributors and retailers to drive mutually profitable growth with suppliers, whilst improving cash flow and reducing risk. Now, with Collaborator available by request, you can go one step further and help each other!
What is Collaborator?
In simple terms, Collaborator is an online portal that allows you to share your plans and deals with your trading partners by allowing them to view and interact with your trading plans, showing information from many sources in one place. Providing all of your trading partners with trading information in a standard way accessible in one central location makes managing agreements much easier and helps to facilitate common processes.
If your supplier is part of your approval process, they can also log in to the Collaborator app to sign off your plans through a streamlined UI, providing a much quicker and easier approval process that reduces friction in agreement negotiations. Collaborator also supports comments on plans and deals, providing a hub for you to nurture your trading relationships and facilitating negotiations if your proposed deals aren’t quite right!
With an extensive activity log and visibility of all users who have viewed your plan, you can rest assured that commercially sensitive information isn’t being shared with the wrong party.
After receiving an invitation to collaborate from your trading partner, your Collaborator home page will show pending invites alongside any plans that have been shared with you. In one location you can effortlessly have crystal clear visibility of what is being proposed and what has already been agreed, with the option to view and download PDF versions of every plan. Gone are the days of sifting through emails to find specific versions of agreements, creating spreadsheets to track the progress of negotiations and then disputing what has been agreed even after all of that effort!
After selecting a plan and downloading the PDF you will be able to provide your individual sign off for this proposal at the click of a button.
Each trading partner will have a list of collaborators which you can easily manage, with each collaborator requiring an email address to allow for invites to be sent. You can also manage permissions for collaborators by simply providing them with view access or sign-off access.
After sending the invite to a potential collaborator they will be required to create an Enable.com account, which allows us to provide them with all of their collaboration information in one place rather than having an individual collaborator portal for each trading partner. One central hub for all of your trading agreements!
Why do I need collaborator?
If you can remove the friction involved in negotiating an agreement with your trading partners and provide a central location specifically designed to provide all of your trading partners with effortless access to agreements and proposals, both your team and your trading partners team can reduce the admin burden involved. With a reduced admin burden, you both have more time to nurture relationships and secure long term mutually beneficial partnerships.
Coupled with DealTrack’s advanced forecasting and modelling functionality, your commercial team will have more time to assess the benefit of agreements, model different agreements and negotiate better terms – which with the aid of an improved relationship – can allow you to increase your rebate earnings year on year. Give your team the freedom to focus by signing up to Collaborator today!
Improve our trading relationships
So, there you have it – Enable's Collaborator allows you to easily and securely share your plans with your trading partners, giving you the ability to work together to boost your rebate earnings. Let’s stop thinking about trading agreements as contracts to be fulfilled and think of them instead as mutually beneficial relationships to be improved on!