Without having franchise software systems in place, it’d be extremely difficult to manage large franchises. Such comprehensive software frameworks allow users to take control of massive franchise business networks. Franchise software is akin to retail software with an all-inclusive set of tools to offer support to multiple franchise holders at multiple locations. The software allows systematic analysis of a huge reserve of data.
It’s possible for franchisors to choose what kind of data they’d send to or receive from the franchisees. The significance and benefits of franchise software systems are countless.
Here are some of their vital features needed to bolster your franchise business prospects.
The optimization of supply chain and inventory levels
Franchise software systems provide visibility on corporate inventory levels to franchisors knowing which they can issue purchase orders on the basis of minimum or maximum inventory levels and establish a direct connection with the supply chain managers.
Franchisors can optimally make use of the stock replenishment tool. The tool’s primary function is to furnish historical and seasonal data trends to the whole franchise chain. To cut a long story short, this implies franchisors have full awareness of all the goings-on and franchisees have full knowledge of their existing supply and requirement. Thus, everyone is familiar with the quantity of product so that well-timed actions can be taken to avoid paucities in the future.
The contribution in amplifying sales
Customer service is paramount as far as increasing sales are concerned. Customers will return to a particular franchise branch if they receive impressive services and relationship-building reach-outs. When an outlet sells more, there’s the generation of more revenue for all concerned parties.
Franchise software systems come up with sales promotion and customer loyalty tools. The principal aim is to attract more customers to outlets. However, what experience does the customer go through inside the store eventually is the franchisee’s sole responsibility. Equipped with good software and simultaneously maintaining favorable customer relationships are vital to ensure sales at outlets are increased.
The support to smoothly carry out inspection
Franchise software offers the middle ground for franchisors as well as franchisees to meet and carry out interaction. Any franchisor can stay away from conflicts during the inspections of outlets by keeping track of the franchisees in real-time.
Nearly the majority of franchise software systems are cloud-based these days. This refers to the fact that anyone can access data from their smartphones or tablets. By taking a look at sales, comparing them, and monitoring the supply chain of the outlets it’s possible to gauge the business performance.
The concern areas can be identified. Also, business goals pertaining to sales and management can be made final to sort out any potential problems.
Availability of historical information can lead to early detection and resolution of problems. This implies in-person scrutiny can happen faster in reality. Moreover, they aren’t needed regularly thereby instilling a sense of more freedom in the mind of the franchisees.
Headway to more improvements in marketing
Powerful franchise software systems are used to empower franchisees with the ability of conducting their individual marketing over a limited scope. This makes each business less constrained and more flexible. Any marketing campaign workflow can be generated via the software and distributed to all franchise owners. This helps custom-tailor the campaign, and adopt, monitor, and improve it.
Other benefits that make the franchise business better
By means of franchise software systems franchise owners can keep a watch on vital data like the following.
Information about each of these sales components can be acquired via regular and real-time reporting provided by the software. It’s got a unique enterprise management interface by virtue of which outlets can be made to operate in a mutually agreed fashion. Besides, the adopted methodology and performance can also be compared with several other outlets. Thus, a competitive scenario is set up which can inspire franchise owners to do well in business.
Franchise software systems are endowed with powerful features such as the following.
Fact of the matter is, a widespread franchise chain can’t survive without being supported by franchise software system.
At BrandWide, we’re committed to helping you with your individual requirements. Get in touch with us today for more information about our products or to request a live demo of our state-of-the-art franchise software system.