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Increase transparency and accuracy in your royalty calculation, invoicing, & collection process while reducing time spent on critical administrative overhead procedures.
Single source of truth for all franchise agreement financial terms (Royalty, Ad Fund, Technology Fee, Sales Fee calculation, non-financial categories); stakeholders can quickly view rules that apply for a unit or multi-unit franchise during a certain time period from a centralized solution.
Reduce sales gathering and manual data entry overhead by having FranConnect fetch the sales numbers directly from your franchisees’ point of sale system.
Compute accurate royalty calculations with complex agreement rules, rate structures and monthly/weekly fee schedules stored within FranConnect.
Increase transparency with your franchisees by generating automated royalty invoices based on imported or franchisee-entered sales data. Once data is submitted, royalties are automatically calculated, and journal entries made in both the franchisor’s and franchisee’s point-of-sale, QuickBooks and other financial management tools.
FranConnect can either generate a NACHA file which can easily be uploaded to your bank or, if you prefer, integrate with your ERP or a third-party payments solution such as CardConnect for payment collection.
Improve franchisee performance by highlighting areas of opportunity with key performance metric benchmarking. Give your franchise business consultants comprehensive, dashboard-based views to help drive improvements.