AccountsIQ is the Cloud Accounting System for Franchises and Franchisees:

Supercuts mediumYou’re already using the Internet to some extent to gather the daily information from your outlets and POS terminals, so why not make the transition to a complete on-line Internet based solution by locating your accounting and administrative system in the Cloud as well?  At present, if you’re using an in-house on-premise system, the information flow is mostly one way – from the Sales outlets to the Administration function.  With cloud accounting system AccountsIQ, your entire community of employees and managers will become part of one completely integrated management and information system, making your franchisee business more efficient, productive and profitable. By having continuous on-line access to the system from each franchise outlet means that local managers and employees can have regular performance reports at their fingertips and can partake fully and enthusiastically in the operation of the business and contribute greatly to its further success. Information flow is now two way. Replenishment Orders can be placed and tracked on-line throughout the day, prices can be adjusted on-line for each individual outlet, promotions can be mounted rapidly, stock take and adjustments can be made real-time, and daily and weekly performance reports and KPIs are available to each manager, as well as facilitating the performance of many other administrative tasks and activities on-line. Apart from the provision of the highest quality Accounting Software for Sales, Purchases, Inventory, Bank and General Ledger, here are some of the many other features and capabilities of AccountsIQ you can expect to encounter;

Consolidated Accounts:

  • Easily and quickly create Consolidated Accounts, Reports and Dashboards.
  • Inclusive of minority interests and groups within groups (hierarchical).
  • Define Benchmarking KPIs and Metrics for Group and Local level franchisee outlets.
  • Individual franchisee P & L, Sales & Purchase reporting with Group Consolidation and Analysis.
  • Consolidate multiple currencies and control FX revaluation at Group level.

Branding:

  • Completely “Own-Brand” the system for your entire Franchise network.
  • All Reports and Enquiry screens branded with your Logo and Corporate message.
  • Personalised Dashboard and KPIs for your franchise specific business.
  • Online Help & How to Guides, Videos and Training material.
  • Personalise the Terminology/Nomenclature.
  • Improve your company identity, loyalty and employee morale.

Control:

  • Multiple simultaneous Users.
  • Control and limit access by individual user.
  • All Users must have Private Passwords.
  • Grant or Deny Access to Functionality by User.
  • Grant or Deny Access to Reports by User.
  • Grant or Deny Access to Dashboards by User.
  • Higher level Permissions for certain roles.
  • Individually structured Menus for each User.
  • Audit and track changes and transactions by User throughout the system.

On-Line Collaboration:

  • Continuous collaboration between Franchisor and each Franchisee.
  • Collaborate On-Line with your Accounting and Tax Advisors.
  • Collaboration with Banking and Tax systems.
  • Collaborative Noticeboards between Franchisor and Franchisees.
  • Shared Services & Central Purchasing.
  • Collaborate and grant access to remote individuals and service providers.
  • Centralised Document Management & Virtual Office.
  • Office Emailing and document sharing.

Business Intelligence and Reporting:

  • Flexible User designed Chart of Accounts with a common Coding system throughout the Franchise network.
  • Easily and quickly replicate existing Franchise Outlet structures to create new ones.
  • Departmental P & L within each Franchise Outlet.
  • Customise your Reports and Dashboard KPIs specific to your business.
  • Drill Down capabilities throughout the system.
  • On-Line Enquiries and Instant Reporting at any time of day.
  • Budgets and revised budgets at Group, Company and Departmental level
  • Extensive Sales Analysis and Income Reporting by Product, Product Group, Outlet, etc.
  • Comparative Performance Reporting and Statistics – Peer Comparison, Prior Period Comparison, etc.
  • Export any Report to Excel

Automation:

  • Real Time up-to-the-minute Dashboards.
  • Approval workflow processes for management of Purchase Invoices & Payments.
  • Central Management of Product Pricing for all Franchise Outlets.
  • Group Purchasing – Franchisee POs become Franchisor SOs to fulfil.
  • Automatic Preparation of VAT Returns.
  • Automated Bank Reconciliation.
  • AccountsIQ APIs facilitate easy integration with external systems (CRM, Payroll, etc.).
  • Integration with many POS and ePOS providers.
  • Integration with Retail websites.
  • Integration with ePayment solution providers and other Banking solutions.

Insomnia coffee storeAccountsIQ uses the Software as a Service (SaaS) commercial model whereby all operational Client services are provided for a single low monthly usage Fee. This includes provision of all the required Server Processing and Storage infrastructure hosted in the highest security Tier IV Datacentres, all Databases, Application Software and Upgrades, Application Support, Infrastructure Management, Backups, Security patches, 24/7 operation with access from anywhere in the world and with 99.98% uptime. The infrastructure and service is completely scalable and can be expanded as your Franchise operation continues to grow and prosper. Whether you’re a large or small multi-unit franchise owner, whether you own and operate all your own outlets or have independent franchisees or a combination of both, implementing an On-Line Cloud Accounting system to go hand-in-glove with your POS or Shopping Cart operation will facilitate unprecedented dialogue and collaboration within your franchise network and result in a much more unified, cohesive and productive business operation. AccountsIQ is the system, designed for and implemented in many of our Franchise Customers to date.  Why not join this growing band of technological savvy business owners who understand the many benefits to be had from adopting an on-line Cloud Accounting system?

Workflow of a Franchise Network: (Click to enlarge)

Franchise - Workflow
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Some of our Franchise Clients:

Franchise Clients

What our Clients Say:

We sought to deploy cloud accounting software without the limitations of starter systems, and just as vital – one that could produce financial reports quick and easy whilst reducing the costs associated with ERP.

AccountsIQ is the perfect mid-market solution with powerful consolidation capabilities perfect for our franchise needs.”

Chief Financial Officer – SuperCuts

“We are impressed with the reporting capabilities of accountsIQ, and with the support we got from the accountsIQ team in implementing the new system.

A cloud solution makes so much sense for a multi-location business like ours. We now have a strong foundation on which to manage and grow our operations and develop our franchise model, while maintaining tight control .”

Barry Kehoe – CFO Insomnia

Case Studies:

Case Study 1: Supercuts in the US Case Study 2: Insomnia Coffee 

Read some of our articles about Cloud Accounting:

An Introduction to the Cloud A look at Cloud Security Analysing the cost savings of Cloud Computing Cloud Accounting: Radically changing the way we work

Download our Franchise Cloud Accounting Brochure:

Cloud Accounting for Franchises and Groups

For more information, or to book a demonstration of the system, please contact us here.

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