‘FRANCHISING ACCOUNTING MANAGEMENT IN UNIQUE VENUES’
The history of our local pioneers that commenced franchising can be traced back to the mid-1960’s. Franchising is used as the preferred vehicle for expansion by companies active in fields as diverse as automotive products and services, food, entertainment, business service and retailing.
When one examines the South African franchise sector, two things stand out:
- The fact that around 90% of South Africa’s franchise opportunities is based on locally developed concepts. This is in contrast to most countries outside the USA where foreign brands tend to dominate the market. Thanks to sanctions when franchising took roots, our local brands adopted a wait-and-see attitude, giving South African firms time to develop.
- The high level of professionalism displayed by bona fide franchisors with contributed support by the Franchise Association of Southern Africa who kept abreast of international developments and introduced them to local franchisors.
A major segment that contributes accolade levels of franchise professionalism is the new modern centralized accounting model known as “NATIONAL ACCOUNTING MANAGEMENT” system.
WHAT IS ‘NATIONAL ACCOUNTING MANAGEMENT’ PROGRAM?
It is a unique concept of financial data processing, managing chart of accounts, maintaining and reporting financial performance of a franchise or retailing network. It’s unique as the appointed unit responsible for preparing the financial reports remains an independent registered professional body and stands parallel with the franchisors organizational hierarchy.
WHY HAVE A ‘NATIONAL ACCOUNTING MANAGEMENT’ PROGRAM?
Franchise statistics of 2010 reflects that 35% of new franchisees fail within the first 2 years and only 29% remain in business during the first decade of trade. Franchisors can minimize the rate of failure OR bankruptcy by implementing empowering corporate coaching programs, (based on the Franchise E-Factor, six stages of franchisee life cycle behavioral patterns), with efficient financial reporting systems coupled with business rescue ailments from beginning to maturity stage. Our unit team comprises of highly specialized skilled staff adequate to advice the franchisor and franchisee within any professional field. We become YOUR ‘trusted business partner and advisor’ at the point of time when most NEEDED!
STATISTICS OF FRANCHISES USING ‘NATIONAL ACCOUNTING MANAGEMENT’ PROGRAM:
Year on year comparisons 2010 (overall franchise industries)
|Infant franchisee financial performance
||+25 – 30%
|Corporate Governance and minimized SARS audits
|Detection of early signs of financial distress
|Rate of business failure within first 2 years
|Increase of profitability performance, Franchisor
|Increase of profitability performance, Franchisee
Statistics furnished from Internal survey performed in the food and beverage sector and client testimonials.
WHO DO I CONTACT?
Afford spare time and allow our team to consult on how to implement a successful National Accounting Management program and take control of your franchise network financial performance TODAY so that your corporate brand dominates the market TOMORROW generating continued healthy profits for all stakeholders.
Let your ‘Business Partner and Advisors’ release management from tedious duties that steals valuable time from brand innovation and future business development. ‘TOGETHER WE SHAPE YOUR FUTURE’!
Contact Maria Vannucci or Shelene Nokraj from MARICAN INCORPORATED at 011 616 4185 or email any questions to firstname.lastname@example.org; or 24 hour reply to email@example.com.