Thanks to the rapid growth of technology and an Internet savvy populating, building a dynamic and paperless franchise organization has become extremely easy and cost-effective. Today, a large number of growing franchise organizations are actively implementing technology solutions to create new revenue opportunities, streamline their operations and cut costs associated with paper-based processes. In fact, some of the fastest growing franchise concepts (with growth rates of over 40-50%) out there are more then 90% paperless and attribute a big part of their success to technology.
Current technology solutions can help to enhance all aspects of franchise operations including sales,marketing, operations, support, financials, customer management, training, supplies, etc. Implemented properly, they can provide franchisors and franchisees with the competitive edge necessary to win over new franchisees and customers while reducing costs to improve profitability. Lets take a look at some of the franchise operations that can be enhanced by leveraging technology.