Franchise Management process flow

The Franchise Management application is divided into three main processes: setup, daily processing, and accessing data. This section takes a closer look at setting up the Franchise Management application and using it to monitor franchise activity, record franchise sales and franchise charges, update franchise prepayments and create invoice records, and generate reports.

Setup

While setting up Franchise Management, you must consider the business-partner relationship between a franchiser (company) and franchisee (customer).

You must determine when routine contract invoicing, posting, and reporting can occur. You define standard charges that franchisers can apply to standard contracts or customer contracts, set up and activate contracts that define the financial terms and charges of the business relationship, and define customer contract charges to assign to sales entry records.

Processing

During daily processing, you record customer sales amounts and note prepayments. Periodically, you can run reports to monitor preliminary sales and variances between customer-submitted and system-calculated contract pricing. You can create estimated charges for customers who have not submitted remittance data for the sales cycle.

At user-defined intervals you can create invoice interface records that you transfer to the Billing application for invoicing. Use the Accounts Receivable application to process invoice payments and account statements. At cycle end, use the Franchise Management application to close the cycle.

Reporting

You can use the Franchise Management application to generate reports and inquiries on contract performance and note balances, automatically and on demand.