Franchising
Deliver timely and accurate invoices.
Whether it’s restaurants, hotels, fitness clubs, real estate firms, or services businesses, sophisticated franchising models can present unique and significant finance and accounting complexities. From varying royalty rates and equipment charges to promotional funds, rental fees, and gift cards, top-performing franchisors must successfully unify and process a massive volume of detailed billing data every day.
Accounting Challenges
Complexity and completeness of billing.
Manual data entry and error-prone Excel sheets
Data integrity
Revenue leakage
Revenue recognition compliance
RecVue Advantages
RecVue offers the industry’s first suite of Order-to-Cash solutions that are purpose-built to fully automate the complex processes for billing completeness, revenue recognition and channel partner payments in a single solution.
Manage Payments
Handle disparate royalty rates, commission and rebate payments quickly and easily.
Settlements of Gift Cards and Employee Credits
Reconcile gift card transactions and ensure proper credits are issued back to franchisees. RecVue handles the processing and reconciliation of employee credits, discounts, and point-of-sale discounts.
Equipment Charges
Many franchisees rent point-of-sale devices (e.g. registers and scanners) as well as other capital-intensive machines and equipment required for operation. . RecVue can seamlessly capture these expenses and roll up costs into monthly invoices.
Eliminate Excel Headaches
Instead of maintaining dozens or hundreds of external spreadsheets for different brands, franchisees, or product lines, RecVue lets franchisors handle all complex calculations and billing rules within its own platform.
Easily Accommodate Changes
Handle ongoing changes to royalty agreements, extensions, renewals, price changes, terminations, and more, quickly and easily.
Tie into Key Systems
Capture data from virtually any source to map and translate it into a standard billing format, eliminating error-prone, time-consuming manual data entry.
Leverage the RecVue Franchisee Portal
Submit monthly sales, review invoices, and track other details that roll up to enable greater speed and accuracy in the invoicing process.
Improve Productivity
Enable your finance team to accelerate period closes, reduce DSO/DRO, and recognize revenue – within a single system.
Optimize Revenue and Pricing
Create real-time analyses of your pricing strategies or develop new business models to optimize revenue.
Revenue and Compliance Should Not be Complicated.
Contact us for a demo to see how RecVue gives you complete control of your recurring revenue contracts.