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An accounting software provider launched a new program yesterday aimed at assisting franchises to improve efficiencies and strengthen relationships between franchisors and franchisees.
Intuit launched its Franchise Program in Australia yesterday, following its establishment in the US in 2008 and launch in Canada last year.
According to Intuit, Australia has more franchising outlets per capita than any country in the world, and there are currently 470,000 Australians employed by the 79,000 franchises in Australia.
“The program was launched in Canada late last year where, to date, more than 40 new franchisors have become Intuit Franchise Program partners,” said Nicolette Maury, vice president and country manager of Intuit Australia.
“We hope to see similar results in Australia in the coming months.”
Ms Maury said the program aims to improve efficiencies in the franchise sector and help franchise owners set up the right foundations for long-term success.
“While the industry is growing, there is plenty of room for improvement especially around efficiencies and the way franchisors and franchisees engage with one another and share vital financial information,” Ms Maury said.
“Many franchisors are still using traditional accounting software to manage their franchisees, or software platforms incompatible with their franchisees. We know this results in hours of wasted time and inefficient compliance management.”
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