Franchise management software can play a pivotal role in scaling your franchise business. You can significantly benefit from some of the key features of franchise management software to accomplish better results for your franchise business.
It helps in the automation of workflows.
When it comes to franchise management software, you must get the most out of it to gain access to workflow automation related to your franchise business.
With the implementation of well-delineated and powerfully-designed automated workflows, it’s possible to make room for your business comprehensively.
Following this, the several different processes of your franchise business can be attended to and corrected as and when the need crops up. Therefore, workflow automation can be applied to oversee various activities through the different stages of your franchise business.
1. Proper launch and implementation of marketing campaigns.
Campaigns are considered an integral part of franchise management. They help in growing your business. That is why it’s vital for franchise management software to come to your aid for scaling your business.
The software takes in adaptability concerning different kinds of campaigns you would like to create and set afloat to add more prosperity to your franchise business. Many elements intrinsic to franchise management software can play a role in empowering your business.
The software lets you apportion each element so that robust email campaigns can be created and hot leads can be directed to efficiently pass through the different sales cycle stages.
Templates are efficient tools to enhance brand consistency. They also save lots of time by letting you avoid confusion while starting and ending emails. You may have numerous franchisee locations, each with its unique marketing strategy.
However, all emails must make the most of the same brand-specific foundation. This will help free up time so that you can write the content of your email meticulously to engage readers.
2. Helps in the source tracking of leads.
For franchise business expansion, you must know how to track the sources from where your leads approached you following the launch of your marketing campaigns. The software provides information related to these sources.
The information lets you know the sources where it would be prudent to invest capital set aside for your marketing efforts into them. It’s convincingly powerful when you can look at the different avenues your leads might have leveraged in finding details related to your brand, products, and services.
Any top-of-the-range franchise management software can impressively function to monitor the sources of leads that originate from a paid marketing campaign, a referral, events, and ubiquitous social media.
3. Franchise management software helps facilitate full-cycle integration.
This is indicative of the fact that the software is capable of bringing about superior quality franchise management.
It helps you understand the various actions that need to be implemented or have already been put into practice when awarding a franchisee. This warrants seamless CRM integration with franchise management software alongside several phases associated with the sales lifecycle in a franchise.
Vital pieces of information are secured from many sales processes. Therefore, these types of software must help manage an effortless transfer of this information to various sections that correlate with onboarding and compliance management activities.
4. It includes reporting and analytics.
How do you know what’s happening on the business front? Reporting and analytics are major facets of monitoring and assessing franchise business performance. In addition, you need to ensure franchise performance is exemplary in a favourable way, strengthened by optimal sales, revenue, and profits results.
It lets you introduce changes to your business accordingly. These changes are carried out when you have access to significant insights gained from reporting and analytics. By learning those insights, you’ll comprehend the entire scope of things that are taking place concerning workflows, marketing campaigns, sources of leads, sales funnel, and communication.
Today’s franchise business world is exposed to myriad challenges. Consequently, business owners know inside out how to stay competitive. Suppose you’re a seasoned franchise owner with many franchisees or about to set foot in franchising.
In that case, you need to consider the latest technological advancements and incorporate them into your system. This is where you can majorly benefit from the franchise management software. It’s replete with features that not just help you in amplifying sales but also ensure far-reaching customer satisfaction.
Some of the most notable ones that contribute to sustained franchise growth include the following:
- Learning management system
Training is an important part of the franchise business. Franchisors, franchisees, and employees must be well-trained to ensure the franchise grows steadily and outplays its competitors in its progress. Franchise management software comes up with a powerfully-built learning management system that consists of a training module that will help you create video and multimedia-enabled training courses. Everyone from the franchise family can take advantage of the training courses emphasizing overarching franchise development.
2. Advanced marketing
Continuous franchise growth is impossible unless people know why the brand offerings you provide are the best.
It helps introduce and implement limitless marketing capabilities that, when availed of, bring to the fore several franchise growth-related opportunities that both franchisors and franchisees can leverage. For instance, using custom-created marketing templates, you can develop campaigns to attract customers in droves.
3. Financial Reporting
Marketing and training are two crucial parts that contribute immensely to franchise growth. At the same time, it’s also important that you’re thorough with all minute details about your finances.
Having franchise management software by your side means you’ll have seamless integration of other leading accounting software such as QuickBooks, POS retail, and royalty processing. The software facilitates access to PayPal and several other payment gateways for your customers, giving them a sense of how your franchise is technologically enhanced and up-to-date.
4. Franchise development
With continued growth in your franchise, the profits grow too. Therefore, you need to emphasize franchise development to be a market leader. For this purpose, you must keep track of key performance metrics, analytics, and dashboards vital for both franchisors and franchisees.
It helps you provide intuitive alerts to get in touch with new leads. It also helps automatically generate reports to view and review KPIs.
Franchise management software can make the management process simpler. How? It makes the franchisee onboarding process more efficiently controlled. It cuts away the possibility of imparting training over and over again. It collates vital information automatically and presents it in an intelligible report format.
It helps franchisors quickly secure admittance to business intelligence tools. It also defines benchmarks on KPIs to ensure both franchisors and franchisees gain clear visibility of their respective performances.
Franchisors can leverage state-of-the-art technology embedded in franchise management software to handle the network and attend to the needs of franchisees in a well-timed manner. Additionally, franchise management solutions will come to the aid of franchisors in scaling franchise-driven processes. Consequently, franchisors can firmly secure their leadership positions and help guide franchisees to do well with confidence and commitment.