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Optimum business management analyses and comparisons with edfis
Whether you’re a franchisor or a franchisee, you want to be kept informed at all times as to how business is going and where there is an urgent need for action. With edfis from eurodata, franchise systems get an up-to-date overview of their financial status and development.
Each sector, each region, each company size and each business model has its specifics. For that reason, the existing basis platform edfis, which has proved itself time and time again, is duly adapted to the customer’s requirements for each franchise system.
Together with experienced advisors from eurodata, you can stipulate here which data (e.g. data from the checkout facilities, accounting departments or back-office systems) are to be used and how those data are to be prepared. This is implemented in the form of business analyses, key performance indicators, benchmarks, comparisons and graphics.
You can also stipulate which user is allowed access to which data.
The advantages you get from using edfis in the franchise network:
- transparent insight into the figures of franchise partners and possibilities for comparison thanks to standardised financial accounting
- the basis of effective management by the franchisor
- ultra-fast provision of all relevant data and KPIs
- quality assurance via continual plausibility checks
- web-based multilingual platform: available anywhere and at any time
- target performance comparisons and comparisons with the previous year at the click of a mouse
- graphical overviews and dashboards
- business summaries for franchisors with more than one location
Your franchise network and its secure and successful management
To guarantee that system suppliers can manage your network securely and successfully, they need to be able to access data which are reliable, up to date and well prepared.
Only in that way can negative developments be recognised in good time quickly. Only in that way can effective measures be taken against them.
In the whole of the German-speaking region, eurodata has a network of tax advisors for edfis available.
Depending on the actual project, it may make good sense to access this network in the franchise environment, in order to make the best possible use of standardisation in accounting and inexpensive options for automation in data transmission.
Your tools for success – the business analyses
The basic structure of edfis consists of 3 business analyses:
Business analysis 1 contains a current financial overview of all turnover, margins, costs and profit for each location. In addition to that, monthly and cumulative figures are also presented for the current year.
Business analysis 2 shows comparisons between your own business and similar businesses of a similar size in your own system or in that of your competitors. This also includes benchmarks and selected KPIs of the franchise system concerned.
Business analysis 3 is relevant for continual comparisons of all costs and turnover with the plan (budget) and comparisons with the previous year. At a glance you can see what annual result can be expected at the current moment in time. The web solution edfis is supplemented by graphics, an on-line archive and a module for the entry of the business plan.