Reporting Software For Franchises: 6 Essential Features For Success In 2021

If you are considering franchising, have established a multi-unit franchise, or currently have only two or three franchisees, you know how important technology has been to the success of your business. With more details to keep up with on a daily basis than ever before, you need to do all you can to ensure the end result is increased sales, high customer satisfaction, and the continued building of your brand. To make this happen, you’ll need reporting software for franchises that includes the features today’s franchise owners require. As to what are the most important features, here are six we here at FranchiseSoft feel are essential for success in 2021.

Financial Management

When examining reporting software for franchises, you should always get reporting software for franchises that has extensive financial management capabilities. Here at FranchiseSoft, our reporting software for franchises makes it easier than ever to keep track of your company’s finances. From automatic royalty calculations at the franchise unit level to point-of-sale and QuickBooks integration, you’ll have little trouble knowing all the financial details associated with your franchise. In addition, you’ll also enjoy franchisee-level integrations of PayPal and other payment services, eliminating the need for money orders and checks that are so outdated in today’s business world.

Franchisee Management

Just like you need to keep track of all the financial details, it’s also crucial to have all communications with franchisees organized. Once you start using reporting software for franchises from FranchiseSoft, you can do just that and much more. For example, along with being able to log phone calls, texts, and emails between you and your franchisees, the reporting software for franchises will also enable you to track franchisee agreement renewals. Once implemented, your reporting software for franchises will be a critical element in managing territories and examining current and future trends.

Franchise Development

If you are just getting started with the process of franchising your business, using reporting software for franchises will allow you to have many areas that will help with your franchise development. In this area, failing to keep track of details can result in the loss of potential buyers, leading to the loss of thousands of dollars for you and your company. Rather than let this happen, rely on us here at FranchiseSoft to give you the reporting software for franchises you need. Once you do, you’ll immediately notice you can have software capable of customizing your franchise sales process, auto-generated reports sent directly to your email at regular intervals, and alerts for new leads that may result in new franchisees putting even more money into your pocket.

Franchise Marketing

No matter what type of franchise you have, having as much information as possible regarding your company’s marketing strategies and results is crucial. Therefore, when you are starting to invest in reporting software for franchises, take advantage of our software here at FranchiseSoft and its unique marketing capabilities. At any successful franchise today, analytics are part of the equation when determining how to market products or services to consumers. Once you make reporting software for franchises part of your equation, you’ll always have detailed reports about your company’s marketing campaigns and how effective they have been in meeting your goals. Since successful franchising is all about outreach to new franchisees and then to customers, using reporting software for franchises will provide keen insight into email and social media marketing campaigns.

Franchise Training

While you will need to have access to in-depth reports about royalties, marketing campaigns, and much more, you will also need reporting software for franchises to let you stay up-to-date on how well franchisees and their employees are trained on your company’s procedures. After all, since the most successful franchises have always relied on consistency and reliability from one franchise to another, the last thing you need to find out is that your franchisees are deviating from your formula of success. By using reporting software for franchises from us here at FranchiseSoft, you won’t have to worry about this. Since the reporting software for franchises is able to support various multimedia formats, you’ll be able to create quizzes and even entire courses for franchisees and employees. Best of all, your reporting software for franchises will let you keep track of when courses have been completed, any problems that may have arisen, and much more. In doing so, you’ll never be at a loss for knowing each and every detail of your company’s training programs.

Customer Service And Support

As a smart business owner, you know all too well the importance of excellent customer service. From online help to in-person meetings between employees and customers, providing the highest levels of service is almost a guarantee your business will be successful. We recognize that here at FranchiseSoft, which is why our reporting software for franchises also includes simplified solutions for customer service. As an example, you can take advantage of having access to reports detailing the metrics most vital to your success. By being able to use the reporting software for franchises to track and analyze these metrics, you can quickly develop and implement new strategies that can be passed on to franchisees. By doing so, you can stay ahead of your competitors.

Should you try to go into the 21st-century business world relying as little as possible on the latest technology, you will find yourself and your business getting left behind at a rapid pace. Instead of seeing your excellent business ideas left by the wayside as other businesses take your share of the market, turn to us here at FranchiseSoft and our state-of-the-art reporting software for franchises. Once you do, you’ll wonder how you ever got along without it as part of your business. If you are ready to take your franchise to the next level and make it easier than ever for your franchisees to succeed, contact us here at FranchiseSoft to learn more about our reporting software for franchises. To do so, call 888-302-3676 or visit us online at franchisesoft.com today.