Many companies use the franchise business model to accelerate their reach and growth. A franchisee with a rock-solid customer base and an adaptable business strategy helps investors wade into new, competitive markets and win quickly. However, while expanding their franchise, companies must think of adopting the right technologies and best practices to keep their franchise chain running smoothly. As COVID-19 has impacted sales, franchisors are developing omni-channel distribution capability to safeguard their customer base. AI technology adoption has increased during this time as it provides franchisors the ability to anticipate customers’ changing behaviors as a result of the virus. Aware of the trends, modern franchise management solution providers leverage disruptive technology to build solutions that can help franchise owners maintain brand consistency and record actionable data on customer preferences.
Cutting-edge inventory management tools help franchise managers with insights and control over their inventory and back-office operations. Technologies such as POS, deep learning, machine learning, predictive analytics, and AI help franchise managers streamline processes and establish a controlled and fuss-free franchise management. The right combination of software solutions and CRM systems can enable the stakeholders with annual reports, forecasting, and staff performance. That said, small-sized businesses are readily adopting low-cost technology, including mobile solutions, POS systems, and time-saving apps. What’s more, franchise analytics software can help marketers integrate all their business needs into one centralized location without manual entry.
With the franchise sector standing at the cusp of technology transformation, solution providers enter the market with their ever-growing solutions portfolio. To help companies choose the right solution partner, CIO Applications Europe has compiled a list of top 10 franchise management solution providers. These companies are transforming the franchise landscape with various disruptive technologies and best-in-class services.
We bring you CIO Applications Europe’s “Top 10 Franchise Management Solution Providers - 2020.”