How Franchise Management Software Increases Revenue
Franchise Owners Need Support
It’s difficult to scale or even manage your business if there are more tasks than time available. This makes it even more stressful when you’re stuck using a dozen different platforms to get those tasks finished. A Poor Support Structure is a huge reason why franchisees see their revenue start to decline. This is where implementing Franchise Management Software comes into play.
Let’s take a look at Franchise Management Software and how finding the best platform will be one of the best decisions you’ve made as a Franchisor.
Franchise Management Software Basics
Franchise management systems often include franchise sales and franchise unit CRMs, franchise training and portal resources, field service/audit tools, territory mapping resources, analytics, location opening tools, contract and licensing tracking tools, etc. Here are a few of the most important components.
Franchise customer relationship management (CRM) software is designed to help franchisors manage interactions with their franchise leads and current franchisees. Because franchise leads are typically expensive and have a lower conversion rate than other industries, it’s important to have a franchise CRM tool that will automate engagement.
Ideally, your franchise management system includes a CRM and sales automation toolset that can be used for FranDev and with each franchise owner to manage their customers, prospects, and leads. Franchise CRMs should also monitor franchisee performance, ensure compliance across franchises, consolidate sales and marketing data, and analyze business trends.
What does it do?
There are many features of this software, including sales and marketing management, inventory management, and customer relationship management. Let's take a closer look at those features.
Sales and Marketing
Effective franchise CRMs allow the franchisor to create, manage, and distribute sales automation campaigns across all franchises using a centralized company account. Manage and collect franchise sales data and identify top and low performers to streamline coaching efforts.
Customer Relationship Management
Register customers, import customer data from several sources (including your website, franchise portals, and brokers), segment data by funnel stage, and manage centralized loyalty programs.
Allow franchisees to view reports highlighting performance metrics by collecting data like store rent, advertising spend, and revenue. Customize and create reports to highlight performance.
Field Service Management
Plan and share work orders and inspection campaigns across franchises by sharing schedules, product information, and customer information.
Manage inventory orders, store them, and track them automatically. Forecast inventory levels, place orders to replenish stocks, and set minimum and maximum levels for automatic replenishment.
Automatic Royalty Tracking
Monitor payments received and due for royalties. Centrally control multiple outlets' commissions and payments.
If you're seeking new franchise network opportunities: You are looking to expand existing markets or penetrate new ones. Automating repetitive tasks and facilitating prospecting and expansion are essential for you. Franchise management systems with effective CRMs provide customizable franchise sales modules, automatic pipeline reports, and lead portal integration.
If you're seeking to optimize existing franchise networks: You want to maximize profits from your existing franchise(s). You’ll need a tool that facilitates measuring and improving franchise performance. Useful features to look for include royalty processing, automated sales workflow, partner automation k, auto-tracking of all activity, and data analytics.
How Client Tether is the Software for you
Benefits of ClientTether:
Now that you've seen some of the core features of franchise management software, let’s see how you can benefit from ClientTether.
ClientTether was designed for home service and other service franchises and businesses by franchisors with years of experience in the franchising industry. The data architecture of our platform enables franchise systems to deploy our system out of the box without massive customizations to meet your needs. Below are just a few benefits of using ClientTether.
Streamlining Sales Performance Monitoring: Cloud-based franchise management solutions make it easy to monitor unit sales performance remotely. As a result, in-person or zoom check-ins are less frequent and take less time since the software helps identify bottlenecks, track performance against sales targets, and implement solutions remotely.
Sales Cycle Optimization: The software simplifies implementing sales promotions, allowing contact with prospects faster, and automating lead management.
Why You Need Us:
Franchises require a lot of resources to optimize unite operations, especially as they grow. The challenge is keeping track of so many moving parts while maintaining consistency across all locations. Our software can provide up-to-date data while managing performance bottlenecks through automation in real time. At the end of the day, it's all about facilitating and streamlining communication and analytics, and there isn't anyone better than ClietTether at both.