Financial management for franchises can be tricky. Managing manual processes across locations is time-consuming and opens you up to costly errors. Dealing with multiple operating systems that don’t talk to each other creates information silos. And you need to manage the finances for your entire business, while your franchise locations need the ability to operate as individual units.
With Sage Intacct’s franchise accounting software, you can leverage the power of the cloud to meet these challenges. Here are just some of the ways Sage Intacct can help you manage your franchise finances.
- Gain visibility with key metrics
Track key metrics such as cash flow, inventory levels, revenue, and expenses for your entire organization and for each individual outlet. Give your location managers the ability to see key metrics specific to their locations, and to benchmark their performance against their goals and against other outlets.
- Access real-time data.
See up-to-date operational and financial information for your entire business, organized at the corporate level or customized for each location. Access the data you need anywhere, from any device.
- Optimize your inventory levels.
Leverage a real-time view of your inventory at the corporate level so that you can place orders based on the needs for your entire organization. Give your franchise managers access to inventory information for their specific locations, minimizing shortage and overstock problems. Every location has the inventory they need when they need it.
- Drastically reduce reporting time.
See the information you need to make better business decisions with customized reports and intuitive dashboards rather than time-consuming and cumbersome traditional reporting. Generate the reports you need in days, not weeks.
- Automate complex financial processes.
Eliminate the need for duplicate data entry and cumbersome manual processes. Sage Intacct’s cloud-based platform allows you to consolidate financial information and automate critical processes across locations.
- Eliminate information silos.
Seamlessly integrate Sage Intacct with your other business systems, giving you the cross-functional visibility you need to run your business and eliminating the need to reconcile information from disparate sources.
Whether you’re operating a single franchise location or a multi-unit franchise business, Sage Intacct gives you the comprehensive view you need. Leverage a single platform for managing your franchise finances and eliminate the need to handle and reconcile information from multiple disparate sources. Want to know more? Call MicroAccounting today at 855.876.3773.