A franchise company is like any other company that relies heavily on clients for success. At the same period, you appreciate the significance of maintaining the partnerships you have with your franchise Management Software units if you’re an aspiring franchisor. To maintain your valuable relationship with your clients, it is your duty to be sensitive, receptive and assist each of your franchise divisions.
Along with this, you also need to keep the data updated regularly. You need to monitor and track the data regularly to look out for any significant changes. All this cannot be done by just manual efforts. This is where, franchise management software comes in. With the help of the franchise management software, you can keep the data monitored properly along with maintaining proper relationships with the customers. Still confused on how to do. We have got you covered in this article.
Automation of the process
It is not possible to handle every process or project using a spreadsheet and delegate it to every department. The activities must operate perfectly on time in order to achieve the overall success of the franchise. A franchise management software helps you to do this by streamlining the repetitive and time-taking procedures of business processes and processes of customer relationships. Hence, having the sales staff concentrate on highly challenging activities to save resources and time.
Make sure to have a proper manager for the project
When you operate the latest franchise management software, the most prominent person is the one with the need to run the system, the project manager. Since he or she orchestrates the whole system, this individual is very important. Yeah, they’d better be amazing! They will ensure that the necessary steps are taken on time and that the goals are accomplished. It doesn’t have to be a boss, but with intense zeal, ambition and a broad eye, it has to be a “man of action”
Franchise lifestyle integration
After you promote a franchise, franchisors need to keep a record of the whole plan of events that proceeds. But after that, what tends to happen? A franchise management software is seamlessly incorporated with the franchise lifecycle processes that follow. And the trustworthy incorporation function offers reliable APIs that bring the data sources into or out of the device to be used elsewhere. A built-in public key that is compliant with the accounting system and merchant accounts is also available with the franchise software for management.
Providing daily assistance for operation
The franchise management software is incorporated into an operational CRM tool that focuses simplifying consumer sales and marketing interactions. It also includes functionality such as automated processes, which ensures that activities can be performed more efficiently in lesser time. Basically, Operational CRM provides an interface for your staff to connect with others and for your sales representatives to interact with the app’s third-party companies. So, to increase the brand’s visibility and clarity, you have the opportunity to set up the groups and prioritize goals.
Tracking of the sources
It is vital to monitor franchise leads and origins through social media, search engines and paid promotions. Because it enables the franchise units to decide when and how much advertising funds are needed to spend. At the same time, a franchise company’s source tracking function helps to calculate the number of leads provided by each origin and total leads, which helps to measure the franchise’s rate of success. In addition, origin monitoring helps you to decide on your franchise company’s expense per route and Return on investment.
Optimizing supply chain and inventory levels
The franchise owner has control of inventory at the corporate level with a decent program of supply, purchasing and franchise requirements. There are completely automated inventory replenishment systems available that can be used in particular franchises or across the business chain. Sales invoices can be paired with min/max inventory numbers and added to the registry of the supplier. Franchisees can go a huge way to control their inventory levels if they have links to past sales reports and the dealer archives. The production process can be simplified with automated distribution, as well as the ability to use excess stock from many other lowered stores. The franchise software, which is paired with a supply management framework for the bridge-chain, aims to reduce holding costs. Franchisors can buy items randomly from different inventory pools based on sets of unique trade rules.
Reporting and analysis
Analytics and reporting play an essential role in franchise decision making. Your franchise management software allows you to collate the data, evaluate and report it in a sequential way. This helps to provide significant insight into your email campaigns, communication, and distribution channels as well as lead funnels.
So, now you know how to monitor the data properly with the help of franchise management software. If you are concerned on which software to buy for your franchise, contact us and try a demo today.