Starting out as a franchisee comes with a certain level of risk; initial investment can be high and there is little time for getting up to speed.
Top-performing franchisees focus on sales volume and productivity from the start. They need low overheads, streamlined administration processes and instant access to precise information. Franchisors also need to be able to make timely and well-informed decisions based on KPIs from across the group.
Insomnia Coffee Company is an Irish independent coffee chain, with over 150 stores and 400 self-service units in operation around Ireland. This franchise needed a reliable way to track the performance of their franchisees:
AccountsIQ provides us with a solution that is simultaneously accessible to everyone, without us having to worry about the IT infrastructure to achieve this. It allows us to closely monitor profitability of the franchise operation and participate in operational decisions on pricing etc.
Barry Kehoe, CFO, Insomnia Coffee Company
We sought to deploy cloud accounting software without the limitations of starter systems, and just as vital – one that could produce financial reports quickly and easily, whilst reducing the costs associated with ERP. AccountsIQ's franchise accounting software is the perfect mid-market solution with powerful consolidation capabilities perfect for our franchise needs.