Franchise Management System
In the past decade, franchised businesses have been growing as they create increased revenues, among other many benefits. Running a successful franchise is not an easy feat due to the vast extensive network and chain of information. As a result, businesses should use franchise management software when managing a large franchise chain to automate processes and manage orders. Franchise management software is a platform for communication between franchisers and franchisees. It helps connect multiple sites through integrated discussions based on emails and notifications and balance the freedom of individual franchises. The software thus provides businesses with an enterprise franchise management system to improve operations. It allows for a smooth analysis of extensive data when handling large business networks, provides a way of growing a brand, and supports an entire franchise life cycle.
Features of Franchise Management
Automatic workflows
A business handling franchisees must understand the importance of managing workflows between the head office and other businesses. Workflows influences how a business steers its processes and achieve optimum value. A business’s repetitive tasks and workflows can be automated to increase efficiency and reducing costs. For example, automatic workflows can help in measuring performance within the organization.
Smart groups
A franchise CRM software within franchise management systems helps leverage customer engagements. It allows businesses to segment leads based on common characteristics dynamically. As a result, it plays a crucial role in creating maximum efficiency to reach multiple points at the same time. Having multiple franchisees with different target markets can be challenging to manage. As a result, the franchise CRM software helps to optimize marketing strategies and build the loyalty of the customer towards the brand.
Automatic royal invoicing
Franchise management software is defined by automatic royalty invoicing for business management. The automatic invoicing helps in tracking the royalties to determine when they are due and when a business will get paid. This feature of royalties franchise management system is associated with a high return on investment. In essence, companies should consider whether royalties franchise management system can help them collect payments.
Accounting integration
This is a feature of the franchise management system that allows for seamless accounting. It helps reduce the risk of manual errors by automatically porting all financial information from the software to the chart of accounts in the CRM integration. The franchise management software allows integration with other operations, thus optimizing the whole process. This entails transferring data from the head office to the franchisees and integration of all accounting information.
Secure intranet for brand management.
A secure franchise intranet programming for a management software provides a central repository for all brand management documentation. This feature of the system is crucial in maintaining version control of business documents and ensure all franchisees are working from within the latest parameters. A franchise intranet programming facilitates secure communication across different franchisees. Businesses have to standardize the branding across all franchises to increase the recall value of customers. As such, franchise ERP systems allows companies to have branding across the system, including dashboards, invoices, and emails.
Interactive help desk
This feature of the franchise management system is crucial for support and collaboration. An interactive help desk with a permission-based discussion forum reduces the back and forth of franchisee support. When these features are shared with all franchisee communities, they stand to benefit from individual learning experiences. Businesses need a franchise territory mapping software to optimize customer reach and limit franchise cannibalization.
Private cloud setup
Cloud-based implementation of franchise management software allows for the remote setup of the entire business. It will enable companies to set up the franchises and manage them from anywhere and anytime. The cloud-based franchise management solutions makes the implementation and launch of franchisees easy and non-intrusive.
Benefits of using franchise management software
Better management of franchisees
A franchise management software is used to keeping the list of franchisees and communication that occur with them in one central place. This means a business does not have to search through multiple windows to gather information about a store. Instead, all franchise details, along with the outlet information, can be managed from a single place with the cloud-based franchise management solutions. The most significant advantage of franchising is a reduction of the risk when setting up the business.
Optimizing supply chain and inventory levels
Enterprise franchise management software systems offer inventory visibility to businesses. The franchisor corporate can place a purchase order based on an inventory level and connect directly to the supplier chain. Since the company and the franchisee are aware of the demand and supply conditions, it is easy to deal with the stock shortages and blowouts. The management software helps businesses to optimize its placement of orders and tracking of suppliers or products throughout the supply chain.
Increasing sales
Implementing a franchise management software helps in increased sales by driving more clients to the franchisee. The system proactively assists franchisees in improving financial performances, including sales and revenues. With an enterprise franchise management system, a business can increase sales through marketing automation tools that allow access to new customer data remotely.
Improved marketing
A franchise management system allows franchisees to run their limited individual marketing while sharing the schematics of the campaign with the head office. This allows a franchiser to adopt, monitor, and tailor a marketing campaign in real-time and increase its effectiveness. Enterprise franchise management software systems allow these the marketing team in the head office to access all sales data, evaluate and tailor the marketing campaigns in real-time.
Inspection and consistent brand image
The management system plays a vital role in allowing the franchisor to meet and interact with franchisees. A head office can monitor the franchisees in real-time, thus avoiding the conflicts that come with free inspections. A franchise business has a role in providing policy on price, quality and branding to its franchisees. This can be achieved when there is a custom franchise management software development. With the system, businesses can create, automate, and track engaging marketing campaigns. Companies can make sure the franchisees are always in the loop with management software in place, whether it is a new product launch or a sale announcement.
Top-level reporting
With a dashboard on the franchise management software, businesses can easily monitor what is happening within the franchise network. This software makes it possible to determine the performing and underperforming franchisees as well as get real-time reports on revenue and sales. Businesses can develop understandings of how their franchisees are performing using top level reporting aspect of the software. This entails getting information in a dashboard format, including the customer highs and lows, revenues and sales. All the data is stored in the enterprise franchise management software systems through franchise ERP systems, where it can be accessed with ease.
Conclusion
It is strongly advisable to use the right franchise software when opening up a franchise outlet. Franchise management is a lot easier when businesses implement the system, allowing access to franchise territory mapping software, full financial reports, royalty management, and processing. Businesses need to hire professionals and experts to provide and manage a franchise system through careful planning. Chetu franchise management software development offers custom franchise management solutions to increase revenue and streamlining communications between franchisors and franchisees. At Chetu, they understand how franchises work, which is why they have custom franchise management software development that takes franchises to the next level. Contact Chetu to help with assessing your business needs and provide the necessary tools for building your brand.