Release of Analytics and next generation Royalty Manager extend end-to-end insights and process & operations management.
HERNDON, Va., February 27, 2024 — FranConnect, the leading provider of franchise and multi-location management solutions for driving success in sales, operations, and marketing, announces the launch of FranConnect Analytics to provide brands with powerful, on-demand, and timely insights pulled from all areas of the business. Additionally, FranConnect has revamped its Royalty Manager application to address finance teams’ biggest pain points.
The franchise and multi-location model is distributed where accountability is dispersed geographically and through complex ownership structures and relationships. These brands increasingly rely on data intelligence to compare performance and decide where additional investigation or resources may be warranted. But the combination of disparate systems and complex organizations creates siloed views and gaps in the story.
FranConnect Analytics overcomes these issues through pre-built dashboards sourced directly from a single source of truth: its platform. At launch, FranConnect positioned Analytics as a way for businesses to benchmark internally from sites to regions to brands, identify stronger-performing locations and examine practices worth testing elsewhere. Operations, Finance and Marketing teams can use current data and insights to support decisions across locations.
At launch, FranConnect described the next-generation Royalty Manager as a way to reduce manual financial administration by automating sales reporting, applying configured franchise-fee calculations and centralizing financial data. It also provides franchisees visibility into invoicing and financial aspects of their agreements. With the addition of the Invoice-to-Pay capability, brands can standardize billing and support multiple payment options; actual collection timing and days-sales-outstanding outcomes depend on customer process and payment behavior.
“Royalty Manager’s redesign and new FranConnect Analytics product capabilities make it easier than ever for teams to draw insights from the platform, creating a unified view into their entire operations lifecycle from lead creation to payment reconciliation,” said Gabby Wong, CEO of FranConnect. “FranConnect improves connectivity of information across the distributed value chain and provides brands with the capability to consolidate that information, improve planning capabilities, and drive standardized operational processes to improve overall system performance.”
For more information on FranConnect’s newest products or to schedule a demo of the platform, request a demo.
