You are here: Way2Franchise.com Introduces Benchmarking Software for the Indian Franchise Industry
Way2Franchise.com Introduces Benchmarking Software for the Indian Franchise Industry
Submitted by dhawal on April 28, 2009 - 10:22
Way2Franchise.com, the leading Indian, information, news and reviews provider announced the launch of a new technology software for financial reporting for Indian Franchisors.
This software Luminate, provides a consistent standard data collection and reporting tool for financial data from industry leading software like Tally and other accounting systems. The unique Key Performance Indicators and dashboards created specifically for Indian Franchisors provides immediate access to financial status and key business indicators to help franchisees and the franchisor monitor and improve financial performance.
At this occasion, Dhawal Shah, Founder, Way2Franchise.com mentioned, 'This is the first software introduced exclusively for the Indian Franchising Industry, Indian Franchisors have always struggled to compare their franchisees performance and lacked sophisticated tools. Our software will revolutionise the way franchisors interpret data and make decisions. Way2Franchise.com will launch several new products that will enable franchisors and franchisees outsmart their competition'
'We were quite pleased to launch this new product, Luminate as Indian Franchisors will now have access to real-time information about their franchisees’ operational and financial performance to be able to proactively partner with them to help move their business in the right direction' said Kumar Mehta, Co-Founder of Way2Franchise.com.
Peer and performance groups will now be able to have instant comparisons on their metrics to be able to focus on key areas of the business that drive profitability. Franchising in India although at a nascent stage is clocking a healthy growth rate of 35 to 40%.
