Franchising happens to be one of the quickest and perhaps the most effective way to make inroads to fresh markets. As a consequence, over the years franchise development has seen an emergence as a business with topmost priority for both new and mainstream investors. Here are ways how franchise management software contributes to refining your business and brand.

• Franchise management software gives you valuable insights on key business metrics and identifies the most potent growth opportunities.

The successful development of a franchise takes the scrutiny of numerous statistics into consideration. These statistics have relevance to a specifically defined target market segment that considers spotting the most fitting growth opportunities and benefiting from them.

Franchise management software ensures due diligence is done while staying clued in with developments occurring in the field of real estate, shifts in demographics, information on industry-specific tariffs, and trade agreements. At the same time, the software helps analyze and interpret scores of appropriate internal performance metrics.

Franchise management software aims at streamlining the analytic process without having to compromise on the quality or volume of information so put into consideration. This is where major emphasis is set down during franchise development.

To fulfill these criteria, franchise management software is designed to transmit automatically generated sales pipeline reports containing vital metrics and key performance indicators. Apart from these regularly generated automated reports, you can keep track of these statistics in real-time from all mobile devices. This implies you can quickly analyze and interpret the reports and keep the data all-consuming as per your choice.

Through the delivery of better and faster information, this system comes to the help of franchise developers in outplaying and outmaneuvering the competition while it tries to penetrate into new and already established markets. In particular, this is important in industries that undergo expeditious growth, for example, fitness and elderly care, where franchising opportunities across territories are swiftly picked up. 

Franchise Management Software

• Franchise management software sees to it that leads can be reached out easily and effectively.

The design of franchise management software is conceived to ensure remaining in touch with fresh leads and converting existing prospects become effortless. The software enjoys seamless integration with all lead portals. Besides, its features and tools facilitate evoking the entrepreneurial interest that your business and brand offers.

Franchise management software is endowed with beautifully designed custom templates that help enhance the usefulness of your email marketing campaigns to reach out to passive candidates. Once the connection with a lead is established franchise management software simplifies lead communication through single click phone calls or text messages. At the time of the actual conversation, you can be ready with the contact details and correspondence history of the lead. This lets you keep on with the communication from the place exactly where you retreated before. Franchise management software develops your brand while on the move.

Franchise software is mobile compatible as a result of which you can gain access to every incorporated software module pertaining to franchise development regardless of the mobile device you use from anywhere and at any time. The need to compromise on personal information security is ruled out. This information is especially helpful to franchise developers that concentrate on scouting for franchise outlet locations, managing new leads, signing off with new franchisees, and holding financial meetings.

• Franchise management software helps remove administrative redundancy.

The lives of franchise developers are teeming hectic activities round the clock. Hence, the majority of franchise developers prefer spending less time on mundane repetitive day-to-day administrative duties. This is done so as to free up significant time carrying out interaction with prospects and realizing franchise sales. Because of this reason, the design of the development module of franchise management software is brought into being with the important objective of removing redundancies at all turns.

Irrespective of whether you’re keen on saving time with conventional franchise information composed of high-yielding correspondence templates or eliminating the mantle of useless data entry tasks through full porting of lead information after conversion into a consolidated accounting module franchise management software can come of immense help.

How does franchise management software help franchisors?

Several crucial tasks performed by franchisors are facilitated and systematized by franchise management software.

• It helps in tracking active franchise owners.

Cloud-based franchise management software helps in consolidating several franchise-specific metrics in the form of a comprehensive, well-informed dashboard that can be monitored in real-time. The information displayed via dashboards can be classified into yearly charts, system-related summary charts, and many more. 

• It helps in simplifying the process of onboarding franchisees.

By and large, franchisee onboarding involves the active participation of skilled multi-taskers that can effectuate coordination among members belonging to multiple teams and departments. Franchise management software is outlined and put into action for simplifying and expediting the whole onboarding process. It comes up with a solitary platform for handling an entire lot of onboarding tasks. By doing this, redundancies are eliminated. Moreover, operational visibility can be instantly increased through the dissemination of progress made in tasks in terms of completion, work in progress, and pendency. 

• It helps in making your operations management centralized.

By making your entire franchise network run on the same franchise management software, you can conduct extensive handling of operations from one elaborate dashboard. You can effortlessly look for information pertaining to intra franchise operations and that too even across several nations. Franchise management software also helps you in carrying out the following actions. 

• It ensures compliance is maintained across all franchisees
• It keeps track of history logs
• It offers surveillance for contract monitoring tools
• It monitors the progress made in franchise development campaigns
• It takes franchisee onboarding into consideration
• It helps instantly gain access to reports
• It reaches out to anyone on the business roster through text messages or emails

• It helps in developing training programs and disseminating them once ready.

With franchise management software in tow, it’s possible to distribute franchise-specific training content from a single platform which later can be instantly alerted to the entire franchise network. With the implementation of changes, you can publish news and updates related to training from the built-in franchise digital library to instill motivation in the minds of franchise owners.

• It helps in controlling franchise territories with a more powerful impact.

The design of franchise management software is essentially done by former and existing franchise owners who have a complete understanding of territorial operations. The software solution is developed to make sure awarding franchises to territories is managed easily.

• It helps in bringing about overarching automation.

Franchise operations involve considering plenty of data. However, the processes should keep manual data entry to a bare minimum. With franchise management software by your side, you can conduct automatic generation of key summary reports. These reports are produced through the synthesis of data from different software modules so that you can put more focus to analyze and interpret the data obtained from them. 

How does franchise management software help franchisees?

Each franchise owner benefits from dynamic, powerful tools put forward by franchise management software. As far as franchises are concerned, the optimization of franchise management doesn’t refer to keeping track of active owners or doing proper management of territories. It’s more about the implementation of strategies and tools that help add more productivity to front-line management staff.

Read on to gain an understanding of how to franchise management software allows franchisees in:

• The creation or assignment of new jobs. It also helps amend work schedules by means of access from internet-connected devices. After the completion of the update, the software helps send instant notifications to both employees and customers via text messages or emails.
• In the elimination of scheduling errors with help from instinctive, visually appealing calendars that dynamically get updated in real-time and immediately send alerts to franchisees in the event of the occurrence of any conflicts. Cloud-based franchise management software stores calendars at a centralized location and prevent them from getting lost.
• The distribution of scheduling responsibilities by enabling employees to exchange shifts with absolute transparency, tracking, and accountability.
• The tracking and assessment of the performance of staff members on an individual basis by considering factors such as customer satisfaction rating, revenue generated by field reps, and many more.
• The remote sign off of completed job
• Making the entire payroll process streamlined
• Making reference to or updating the full franchise-specific digital library from all places having internet connectivity as far as imparting training is concerned.
• Establishing communication with staff and clients through integrated text messaging and email mechanisms with complete access to recorded correspondence.