Logistics, a $76 trillion industry still reliant on antiquated technology, has attracted a fleet of modernizing startups. Enable stands out by focusing on an arcane but valuable niche: the B2B rebates that accompany contracts between retailers, distributors, and manufacturers. (Rebates are an essential tool for manufacturers to incentivize buyer loyalty; in some cases, they are a manufacturer’s largest expense.) Enable’s software replaces the Excel files that govern rebate accounting, as well as other pricing agreements and claims management.
New claims management features introduced in 2023 help customers identify errors and avoid double-billing. To date, Enable has processed more than $1 trillion in transactions. Revenue more than doubled in 2023, according to Reuters, and in November 2023, Enable raised $120 million in Series D funding at a $1 billion valuation.
Explore the full 2024 list of Fast Company’s Most Innovative Companies, 606 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 58 categories, including advertising, artificial intelligence, design, sustainability, and more.
Accedi per aggiungere un commento
Altri post in questo gruppo
“Insane project idea: all of wikipedia on a single, scrollable page,” Patina Systems founder Tyler Angert posted on X earli
A group of investors led by Elon Musk has given OpenAI an unsolicited offer of $97.4 billion to buy the nonprofit part of OpenAI. An attorney for the group submitted the bid to OpenAI Monday, the
The world’s leading minds in AI are gathering in Paris for the AI Action Summit, which kick
Brendan Vaughn, editor-in-chief of ‘Fast Company,’ interviews Credo AI’s CEO on AI governance trends at the World Economic Forum 2025.
A group of internet businesses, including Roblox, Google, OpenAI, and Discord, have cofounded a nonprofit called Robust Open Online Safety Tools (ROOST).
The new organization will fund f
