Xero is the ideal solution for proactive innovative franchise operators. Utilising the same system, you can easily move between different businesses, and take advantage of real time data.

Once you’ve decided to move to Xero, and before the implementation, I suggest you determine a standard method for setting up all files, from the chart of accounts through to tracking and the home dashboard, and integrations that will be used by all franchise operators.

Read here: How to project manage a mass conversion of MYOB files to Xero. 

This makes it so much easier to compare data across different franchises, and actively support the businesses. Install Xero, and then the head franchise operator can use a solution like Spotlight Multi to compare the operations of all the businesses.

As well as being able to collaborate with franchisees in real time via Xero, you’re in a position to provide them comparative information supporting them to make decisions in their business.