Articles

From our CEO, Paul Foden

Last month, my team and I attended National Franchise Exhibition at the NEC in Birmingham, and let me tell you, the energy in the franchise sector is palpable. Everyone I met, from budding franchisors to seasoned franchisees, is brimming with enthusiasm and looking to grow. It’s clear that franchising is thriving, and people are eager to invest. 

However, one key takeaway from my conversations was that for many new franchisors, IT infrastructure and accounting systems often fall down the priority list. Understandably, their initial focus is on the franchise contract, operating manuals, and getting those first crucial customers through the door. But here’s the thing – as these businesses start to gain momentum, their underpowered accounting systems quickly become a constraint. 

Many established franchisors are still relying on systems like Xero, QuickBooks, and Sage 50. While these platforms are great for small businesses, they simply can’t provide the control, transparency, and scalability that a growing franchise operation needs. 

This is where investing in Aedon.Accounting, with our specialist accounting solution for franchisors, can make all the difference. We’ve developed it specifically to meet the needs of the franchise sector. With Aedon.Accounting, you get tighter control over your franchisees and the ability to benchmark performance. It also ensures complete transparency in financial transactions between franchisor and franchisee – reducing the risk of disputes. 

One of the features our clients love is the ability to submit Flat Rate VAT returns on behalf of franchisees and accurately manage any escrow accounts that hold franchisee funds. These operational gains can make a massive difference as your franchise network grows. 

If you’re a franchisor looking to scale your business, find out how Aedon.Accounting can support you. Let’s chat about how we can help you achieve more. Book a demo and let’s get started.