Like any other business structure, a franchised business needs to keep up to date with its software systems to stay competitive and increase sales and productivity. The best way for franchise owners to stay in control of their finances is by using a cloud-based Enterprise Resource Planning (ERP) system. An ERP system offers a range of cost benefits for the franchisee and the franchisor.
A cloud ERP reduces operating costs and can decrease your IT requirements. This is possible through automating processes, which reduces the need for on-site servers. The upfront outlay to implement a cloud ERP system is significantly lower than the cost of an on-site system. Overhead costs such as infrastructure, hardware and installation are all dramatically reduced for franchises that use cloud-based ERP systems.
Eliminates costly mistakes
Using a cloud ERP across a franchise chain can minimise costly mistakes associated with manual data entry. Inaccurate data can result in financial mistakes, which could potentially continue, over a long period. A cloud ERP system updates data in real-time and improves data accuracy.
When it comes to double handling, costly mistakes are not only limited to stock. Having an overview of all the franchises can mean a reduction in costs in other areas where there are potential double-ups, such as staffing and the production of marketing material.
Faster processes in real-time
Using a cloud ERP for franchises improves timeliness in business operations. Live, updated financial data can be accessed at any time and from anywhere. Real-time performance analysis of franchises can be generated in minutes. Most importantly, live data assessment help franchisors detect early warning signs, allowing the franchisor to step in, solve issues and protect the franchise brand.
How can Acacia help?
Managing franchises doesn’t have to be a costly or frustrating process. ERPs are the first choice for franchises, making your business run efficiently and effectively.
At Acacia, we are an MYOB Advanced Platinum Partner and an industry leader in helping businesses and franchises overcome issues, rebound and become more profitable. We help optimise, automate and improve the traceability of your business. Acacia has the knowledge and experience across a range of businesses to provide the most cost-effective solution for your business.
If you run a franchising company and you are interested in talking through the advantages of moving to a cloud-based ERP, please contact us to find out more.