Being a franchisor, you will always think of several different solutions as to how to improve your franchise business. You will try to put in your best efforts and strategies to make sure that your franchise business takes the number 1 position in the market. But alongside all these things, you can always use the franchise CRM software to improve the franchise business. Not just that, you can utilize it to outsource your sales as well as take care of the predictive analytics. I think you know what that means? With the help of the franchise CRM software, you can easily manage through all the operations of your franchise business along with the franchise sales. You can keep a track of the franchise sales from any location you want, be it in the office or be it your home.
Having a franchise CRM software is seriously a boon for your franchise business. It provides you with an integrated solution where you can control all the platforms of your business and manage the predictive analytics. Let us read some more details about how the franchise CRM software helps in performing these tasks.
Franchise CRM software helps to take care of the sales and leads management
With the franchise CRM software installed in your franchise, you can easily take care of the leads for your franchise business. Leads are direct inputs to sales and you should take care of them properly. You will obviously want to take care of the franchise leads in a proper fashion and on a regular basis to make sure that the sales keep on soaring. You can do it easily with the franchise management software. The lead management portal of the franchise management software helps you to take care of the lead workflow of your franchise business. Once the leads are into your franchise business, the franchise CRM software will take care of it properly. You can also make use of the E-signing feature to get the leads into the business. Once the leads are there, you can take care of the sales accordingly with the franchise CRM software.
Take charge of predictive analytics using franchise CRM software
Having a franchise CRM software in your franchise business will help you with the predictive analytics for your franchise business. Information has been available in huge quantity since the 1950’s. Eventually, someone came up with an idea of business intelligence and the information got started to be used for the business. But coming up with such tactics to use the data for prediction can get quite tough for the franchisors. This is where, the franchise management software comes in. It comes integrated with mobile solutions along with cloud technology and focus on visual data. You can easily visualize the data and reports in the interactive dashboards and you can take care of the predictive analytics for your franchise business. Along with this, there has also been several developments in these solutions to make sure that these things work properly.
Use the franchise CRM software to track the sales data accordingly
Make use of franchise CRM software to keep track of all data relevant to the competition and sales prospects. You should be involved in learning about various business or sales opportunities as a franchise owner. The pipelines will show you where you are in the sales cycle right now. The exact date and location for pipeline data is determined by an integral framework. Pipeline surveillance would be required in this situation. The franchise program analyzes and stores information about openings in real time. Simply select the one you want to monitor and it will display in front of you. It will help the company frame its prospects in order to increase sales and ensure long-term viability.
Use franchise CRM software to determine the optimal configuration of franchise territories
With the help of the franchise CRM software, make sure to properly determine the optimal configuration of the franchise territories. This will help a lot in the predictive analytics for your franchise business. For any franchised company, deciding how to configure franchise territories is crucial. If you draw the lines too broad, you’ll miss out on franchise sales opportunities. If you set the boundaries too narrowly, your franchisees can struggle, and your brand will suffer as a result. Since service areas must be a reasonable size to fulfill customer service needs, correctly defining territories is especially important for service-based companies that fly to the customer’s location. The franchise software analyzes and stores information about openings in real time. Simply select the one you want to monitor and it will display in front of you. It will help the company frame its expectations in order to increase sales and ensure long-term viability.
Improve the performance of the current stores using franchise CRM software
Take the help of the franchise CRM software and improve the performance of the current stores and territories. This will help to improve the predictive analytics for your franchise business. Perhaps you opened some stores or territories without doing extensive research, or perhaps your markets and customers have evolved over time. Predictive analytics will help you figure out where your operations are strong and where you can develop. To do so, rate and store or territory using a predictive analytics model for your brand, then compare forecasted and actual results. Disparities between the two measures expose places where you need to look deeper to figure out what’s going on that may help you prioritize new investments, closures, or relocations.
Ever thought of having the franchise CRM software for your franchise business? If you didn’t, you should definitely think now. There are several other advantages that you can get once you start with the franchise software. If you require any more information about the same, kindly contact us today or visit our website.