The 3 Pillars for Driving Franchise Profitability and Growth

Sponsored content by Qvinci.

Growing a franchise brand can be difficult and risky.

Brands have to deal with fluctuating economies, making critical financial decisions, establishing organization-wide best practices, fostering win/win relationships between corporate and location owners, and building a culture of transparency, collaboration, profitability, and expansive growth.

The most effective way to minimize difficulties while maximizing performance is to implement an easy-to-use, franchise financial management solution that provides actionable insights everyone can understand, make sense of, and act on. (View Infographic)

Here’s why Qvinci is the smart choice:

Pillar 1 – Franchise Financial Insights and Data Consolidation  (View Infographic)

Franchisors often struggle with identifying the best financial metrics to measure across their brand. Even when they have access to location data, that data is often untimely or unreliable, preventing brand operations from running trending, ranking, peer benchmark comparisons, compliance reports, or from just getting a comprehensive performance view of each franchise owner.

Solution

With Qvinci’s franchise management solution, brands and their operations teams gain a comprehensive and clear view of your enterprise’s financial situation:

• Automated processes for franchise location data collection, consolidation, and mapping to a brand-defined Standard Chart of Accounts, with easy conversion to and from franchise owner native to the brand-defined standard
• Easy identification of at-risk location owners, such as liquidity or downward trending of profitability
• Simple identification of healthy zees positioned for expansion

Once the franchise location data is processed, franchise operations and business coaches can focus on financial wellness, coaching for performance, compliance, and a culture of growth and profitability.

Pillar 2 – Franchise Owner Performance Coaching (View Infographic)

To conduct impactful coaching sessions, two critical components must be in place. First, brands must communicate financial performance in a manner all franchise owners understand and can act on.

Traditional financials aren’t the answer because most business owners can’t effectively manage from P&L data.

Secondly, coaches must have near real-time access to the metrics that most impact profitable growth to effectively measure, monitor, and improve location-level financial performance.

Solution

As a result of implementing Qvinci’s holistic franchise management solution, brand owners, brand operations, and the franchise owners can enjoy a wide range of features and benefits:

• Better compliance
• Rapid time to value
• Increased profitability
• Enhanced productivity
• Comprehensive customer success support
• A single view of all locations and operations

Pillar 3 – Brand Compliance and Expansion (View Infographic)

In the dynamic and often volatile world of franchising, the elements of compliance, collaboration, and trust are paramount to driving sustainable growth.

Your choice of a financial performance management solution should empower your brand and location owners with easy-to-understand, actionable insights that facilitate a culture of transparency and cement a bond of trust proven to deliver improved compliance, increased profits, and sustainable expansion.

Solution

Qvinci is the aspirin to your compliance and expansion headaches.

• Automated data collection, consolidation, and patented account mapping process from 1 to 1000s of locations in near real-time
• Customizable KPI scorecards, dashboards, reports, and alert management to the compliance metrics that most impact your brand
• Robust reporting and financial performance tools that allow location owners to keep their current accounting platform and chart of accounts
• Accurate data across the ecosystem for enhanced decision-making, streamlined compliance, and expansive growth
• Precise financial compliance oversight, minimized risk of revenue-reporting fraud, and metrics monitoring processes
• Best practices implementation and monitoring
• Resource optimization

Conclusion

A patented, holistic franchise financial management solution, Qvinci is designed to benefit the entire organization, including brand management, operations, and location owners.

By eliminating manual processes and workflows via automation, Qvinci’s patented technology saves

franchises significant amounts of time, allowing them to focus on more proactive and profitable initiatives.

Want to learn more about how Qvinci can help your franchise brand drive profitability and growth?

1. SCHEDULE A DEMO with one of our expert Solution Consultants and discover how easy Qvinci is to implement.
2. VISIT OUR LEARNING CENTER AND ATTEND one of our product-focused webinars.
3. VISIT OUR LEARNING CENTER AND ATTEND one of our thought leadership webinars.
4. START YOUR FREE TRIAL to fully experience Qvinci hands-on.