What is a Sales performance dashboard for Franchisee?
A Sales Performance dashboard provides franchisees with an instant visual representation of their Sales and Shops indicators. It allows your entire organization (from Franchisor to Franchisee) to have a better understanding of consumer buying behavior, to have a detailed view of a store's or product category's performance in order to optimize the sales performance of the network and to provide a unified view to all team members.
How data analytics can optimize franchise relationships?
Data analytics can help you quickly identify the most successful stores in your network, your best sellers, and the most attractive and profitable product categories. Like most retailers, you have a lot of data, especially as a Franchisor, you have a combination of data coming from your own network and data from your franchisees. But do you have the tools to transform this data into actionable information for your network? By aggregating all the data sources of your business network in a single tool, you will help your operational teams benchmark best practices and ensure that the right actions are implemented in the field while providing a clear and intuitive understanding of the results. By developing a common monitoring solution, between your Franchise Manager and your franchisees, you will also facilitate communication between all members of the network and define common performance indicators to clarify exchanges.
Why you can improve the relationships in a network with a Franchisee’s analytics software?
Given the geographic distribution of your franchisees' business activities, managing key business functions such as sales, customer relations, and monitoring franchisee performance can become a real challenge for you as a franchisor. That's why as a Franchisor you need to improve communication within your network and ensure that there is an open communication line between your franchisees and your teams to create opportunities for feedback and benchmarks within the network. You need to develop a sales management system that helps your franchisees monitor their performance and makes them want to stay in your Franchise and thus prove to them that you are in touch with the real problems on the field.
What are the benefits of a data analytics solution as a franchisor and for your franchisees?
With a common data visualization platform, you can access: As Franchisors, who must ensure the proper management of their business, you are able to use the collective data from the franchisee network to improve their operations and increase store network productivity. So will help franchisees to gain insight on store best practice and share relevant information with all the store network. As Franchisees, who operate as independent businesses, you get initial training and ongoing support from the franchisor in sales, purchasing, merchandising customer strategies, and a Franchise analytics software that allows them to view their KPI performance results.