importance of franchise software system in uk
DESCRIPTION
Franchising in the UK is a way to grow your brand in a cost-efficient manner followed by minimum risk. It’s an attractive option for several business who are looking to expand their business because it helps to save you capital, time and resources while allowing you to find additional opportunities for revenue. This is where emerging franchisors find it difficult to offer any kind of support, mostly when financial is not accurate and inaccessible.TRANSCRIPT
Importance of franchise software
system in business in UK
INTRODUCTION
Franchising in the UK is a way to grow your brand in a cost-efficient manner followed by
minimum risk. It’s an attractive option for several business who are looking to expand their
business because it helps to save you capital, time and resources while allowing you to find
additional opportunities for revenue.
This is where emerging franchisors find it difficult to offer any kind of support, mostly when
financial is not accurate and inaccessible. Thus, in the absence of the right data, it becomes
difficult for the franchisor to evaluate and offer proper suggestions to the franchisee as to what
steps they can take to improve their business. To solve this problem, franchise organizations
should turn to an efficient cloud-based franchise software system for managing their
accounting practices.
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Connect with all franchisees and track everything from your dashboard.
BENEFITS OF A CLOUD-BASED FRANCHISE SOFTWARE
The cloud-based franchise software solution can be managed from a single access
point and source
Access to secure franchise intranet program of management software that offers a
central source for all management activities
As you move to a cloud-based system, accessing financial data becomes easy
from any device, any time.
Transactions are automated through linked bank accounts or POS systems, which
indicates information is updated in real-time.
Easy monitoring of business and employee performance.
DATA AUDITING AND REPORTING
Franchisors and franchisees understand the importance of
data auditing and reporting. Business intelligence tools such
as reporting are used to support operations improvement,
market prediction, and trend evaluation.
Cloud franchise software offers data and helps to keep the
data secured and compliant within the franchise network.
OPTIMIZED INVENTORY AND SUPPLY CHAIN
A franchise software solution enables the franchisor to
have a corporate level of insight into the inventory.
At the same time, you can buy the orders based on the min
and max levels of inventory wherein connect directly to the
supply chain.
The automatic stock replacement tool is utilized across the
franchise chain giving the franchisees historical data and
seasonal predictions.
MANAGEMENT OPERATION AND MARKETING SOLUTION
Franchise software system offers support for operational
planning and helps to increase sales through marketing.
It is a centralized franchise platform that helps to
accommodate all kinds of requests. That mainly deals with
funnel marketing, customer data, lead nurturing, and
implementation.
The software also offers sales and marketing analytics support.
The return of a customer to an individual outlet depends on the
quality of customer service a franchise offers.
IMPROVED MARKETING
Using a custom enterprise franchise software, a business can
easily increase sales through marketing automation tools.
You can have complete access to new customer data and
historical communication record with customers, that helps
to strengthen customer loyalty thus driving sales.
A franchise software also helps to easily access sales data to
modify the marketing campaigns in real-time.
CONCLUSIONOn the whole, the software system offers an individual
organization management interface, that lets you run your outlet
the way you see it and compare it with other outlets to check
how they are performing. This sense of competition can
encourage franchisors to stay ahead of the crowd. At BrandWide,
we are happy to assist you with your franchise operational needs.
Don’t hesitate to call us for more details and request a demo of
our franchise software.
ABOUT BRANDWIDEAt BrandWide, we offer a software platform to grow franchise businesses. BrandWide is a
product specifically designed for Franchise success. We have been serving our valued
customers for 25 + years. BrandWide includes best in class CRM for franchise development,
franchise marketing to ensure brand consistency across the entire franchise, and franchise
management tools and dashboards to manage and help franchisees grow.
THANK YOU!