Do you ever feel like you are missing key information about each of your franchise locations’ financials? And wish you could view all of the data at once to accurately make comparisons and find cost-saving opportunities?
If you are facing these frustrations, it’s time to assess your accounting system. Not all software is designed for businesses with multiple entities, like yours.
Our recommended accounting system for multi-unit franchising is Sage Intacct, best when paired with Workforce Go! HCM for integrated human capital management. It has the real-time reporting capabilities that you need to keep track of all of your stores, restaurants, or service hubs.
Snapshot of Sage Intacct’s reporting capabilities
(Click to enlarge Image 1.)
3 reasons we love Sage Intacct for multi-unit franchise reporting:
- Real-time reporting
See sales, purchases, and other financial data for all locations, as soon as transactions are recorded. You can view current inflows, outflows, and revenue streams to make on-the-fly adaptations to offerings, pricing, and spending, and make informed long-term planning decisions.
- Consolidated tracking
Roll up data for all locations, to analyze strategic spending to assess potential efficiencies such as supplies that can be purchased in bulk for all stores.
- Personalized metrics
Choose performance metrics most important to you to view activity in key areas of your operation. Drill down to details such as a single menu item or larger trends such as revenue generated on days during special promotions. Both static data and variances between time periods are presented in easy-to-read dashboard visualizations.
After you implement an accounting system that is a better fit for you, you will find that processes are streamlined and you’ll have control over the units you already own. Talk with us about using Sage Intacct for your multi-unit franchise operation to put you in a great position to take on more locations and take in more revenue.
Read more about our multi-unit franchising solutions.
Intacct Cloud ERP Software Delivers Unmatched Business Visibility (Video; 2:26)
Article initially published April 6, 2017, and updated September 20, 2017 to reflect the Sage Intacct branding as a result of Sage’s acquisition of Intacct as well as the name Workforce Go! HCM to differentiate the software from the company.