Franchisor success is dependent on growing and supporting a healthy franchise network.
Our COMPASSGuide™ process helps franchisors by:
- Developing standardized reporting processes.
- Training Franchisees to understand the numbers.
- Reporting Key Performance Indicators (KPIs) in easy to understand dashboards.
- Leading Peer Performance Groups.
We guide franchisors and franchisees to financial success.
- Consistency in financial information across franchise system.
- Franchisees understand and effectively utilize financial information.
- KPIs critical to financial success are tracked and reported.
- Access to system-wide financial information in easy to understand dashboards.
- Insights that drive operational and financial efficiencies.
- Better decisions based on operational and financial goals.
- Improved franchisee satisfaction.
How it works
- CARE™ – Complete Accounting Review and Evaluation
- Current state of business is documented.
- Long-term needs, goals and objectives are defined.
- COMPASSMap™ is developed to define steps in the journey.
- Systems and processes are established to create consistent reporting and measurements.
- Franchisees are trained to understand financial statements and make informed decisions.
- Franchisors have access to Franchisee benchmark groups in a single dashboard.
Franchisees are coached by a COMPASSGuide™ expert.