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Franchise Management Systems has been developed as a result of research within the franchise industry. TaxAssist Accountants, a national franchisor with over 160 franchisees and growing across the UK utilises their expertise within this field, offering this unique service.

Benefits for the franchisee

• Franchisees get the opportunity to minimise the burden of maintaining financial accounts without losing control.The level and type of service can be tailored for the needs of an individual franchisee, reflecting their level of in house expertise, allowing them time to concentrate on what really matters – growing their business.
  
  
• The flexibility means that the franchisee receives the right level of support at the right price – they only pay for what they need.
  
  
• Access to monthly or quarterly reporting can be provided which can include measurement against budgets, peer groups, franchisor targets, etc – helping the franchisee understand their financial performance.
  
  
• Franchisees will also develop a working relationship with their local TaxAssist Accountants contact, who, as a fellow franchisee, can demonstrate an understanding of their business and the challenges they face.
  
  
• A minimum of two formal business review meetings per year will be included in the service, providing an opportunity for proactive advice on key areas of their business, such as tax planning, remuneration strategy and capital expenditure plans.

Benefits for the franchisor

• Our franchise packages are able to provide you with the opportunity to receive standardised data, with common nominal ledger structures, accounting policies and reporting routines throughout your network, all delivered on a timely basis.
  
  
• The FMS systems are cost effective, helping to achieve ‘buy-in’ from your network, as well as a quality, local service where they can see real benefits and therefore value.