Managing a single entity business can present its own list of challenges and uphill battles, but managing the finances of an entire franchise business is a whole different beast. Maybe this sounds all too familiar: You’re looking for optimum performance from each entity, while at the same time making it easy for each location to function as its own unit. You need to be able to view and analyze each entity’s financial performance and just as easily zoom out for a consolidated view. In short, you’re still trying to find and maintain a balance between overseeing without micromanaging. So what do you do? Hire a bookkeeper for each location? Not quite. Let’s look at a cloud-based solution.
Move to the ‘cloud’ and never look back
While you’re looking for the best way to manage and oversee the financial performance of each franchise entity, you’re also (always) looking for better, more efficient ways to operate and reduce (or eliminate) unnecessary costs. By implementing a cloud-based accounting solution, you’ll enjoy all the benefits and efficiencies that the cloud has to offer, while reducing overhead and expenditures almost immediately. With a cloud-based solution, your franchise business will benefit from…
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Easy integration and Implementation: That’s right: set-up and implementation is completed in 30 to 60 days. One immediate result: no more lost down-time due to tedious upgrades.
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Fast and Easy Navigation Drill-down Capabilities: allowing you to view the individual performance of each location easily and quickly. No more time-consuming phone calls and follow-up emails requesting information that should be at your fingertips. Instead, enjoy intuitive navigation from front office and sales to core financial data and back again.
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Customized Security Measures and Role-Based Parameters: to facilitate execution of specific operations by various staff at each location. Grant access to those who need it and restrict access when and where necessary. You’re in control!
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Timely and Accurate Reporting: faster and easier access to important data translates into timely and more accurate reports. Meet (and beat) those deadlines while eliminating redundant data-entry.
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Real-Time Access – Get real-time insights into all your multiple locations
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Consolidations – Easy Multi-entity multi-tiered consolidation reports
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Easy and Remote Accessibility: get those answers from wherever you are. Whether you’re at HQ, one of your locations, or on the road at a diner, you’ll be able to get and provide answers, make adjustments and decisions from anywhere.
When it comes to a cloud-based solution, consider Gravity Software® (Gravity). Built on the Microsoft Power Platform (aka Dynamics 365), Gravity is structured to help manage your franchise and grow your business. If your franchise is on an entry level accounting solution like QuickBooks or legacy application, consider switching to Gravity. Schedule a Demo and check out our Free 30-Day Trial. My business is connected. Is yours?
Gravity Software
Better. Smarter. Accounting.
