Franchise Accounting Software

Franchise Accounting Software2024-12-03T12:29:20+00:00

What is Aedon.Franchising
and how can it help me?

Aedon.Franchising is specialist software that supports the special relationship between Franchisor and Franchisees.

Income, Royalites, Fees and Other Charges are recorded simultaneously in the financial ledgers of both parties, so that there is always a common understanding of the financial position of both. Franchisors gain direct access to their financial ledgers to see the source documents for complete transparency.

Each Franchisee has access to their performance dashboards, so that they can compare their performance with their peers and drive improvements.  The Franchisor can see across the entire network to share the competitive knowledge of the high-performers.

Interested?

Aedon.Franchising Functional Map

Why Aedon.Accounting is the Best Choice for Franchise Accounting

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Why Aedon.Accounting is the Best Choice for Franchise Accounting

Download the whitepaper today

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Aedon.Franchising is a game-changing accounting solution tailored specifically for franchise networks. Learn more in our Free Whitepaper!

Discover How Aedon.Franchising Can Transform Your Franchise Network

Cultivating a Better Relationship Between Franchisor and Franchisee

A strong, collaborative relationship between franchisors and franchisees is essential for network success. Aedon.Franchising fosters this partnership through transparent financial management and clear communication.

  • Builds trust through real-time financial transparency between franchisor and franchisee.
  • Provides shared financial insights, helping both parties track and understand performance.
  • Enables franchisors to support franchisees with tailored resources, tools, and guidance.
  • Fosters collaboration on shared goals, creating a cohesive and profitable network.
  • Ensures consistent brand standards across locations, strengthening customer loyalty.

A successful franchise network thrives on a strong, supportive relationship between franchisors and franchisees. Aedon.Franchising understands the importance of this dynamic and offers features that enable transparent financial communication, real-time insights, and shared goals. With Aedon.Franchising, franchisors can easily share financial information and performance metrics, helping franchisees feel valued and supported in their journey to success.

By promoting open communication and shared accountability, Aedon.Franchising fosters a collaborative environment where both parties benefit from each other’s success. This foundation of trust and transparency strengthens the entire network, building resilience and loyalty. Download the whitepaper to learn how Aedon.Franchising empowers you to cultivate a successful, cohesive franchise network built on mutual trust and shared success.

Powerful Integration with Salesforce

By harnessing the capabilities of Salesforce, Aedon.Franchising integrates financial, customer, and operational data into a single, streamlined system for easier management and insight-driven decision-making.

  • Seamlessly combines accounting, sales, and customer service into one cohesive platform.
  • Supports franchise growth with a scalable, flexible system designed for large networks.
  • Utilises Salesforce AppExchange for additional tools, enhancing operational efficiency.
  • Centralises customer data, improving customer engagement and service consistency.
  • Delivers real-time reporting and analytics to support data-driven decisions across the network.

Built on Salesforce, Aedon.Franchising brings the power of one of the world’s leading platforms to franchise accounting. Salesforce integration means that all aspects of your business—customer relationships, sales data, and financials—work together seamlessly in a single, centralised system. This streamlined approach eliminates data silos, ensuring everyone from franchisors to franchisees has the real-time information they need to make informed decisions.

With access to Salesforce’s AppExchange, franchises can further customise their experience with thousands of integrated applications that cater to specific needs like marketing automation, inventory management, and more. This flexibility allows Aedon.Franchising to grow alongside your business. Dive into the whitepaper to see how Salesforce integration can give your franchise a competitive edge and simplify operations at every level.

Eliminate Financial Disputes Between Franchisors and Franchisees

Financial disputes are a common challenge in franchise relationships. Aedon.Franchising’s transparent accounting features reduce misunderstandings over fees, royalties, and shared costs.

  • Reduces friction by providing clear, shared views of all financial transactions.
  • Automates royalty calculations, fee tracking, and report generation, minimising errors.
  • Segregates client funds with dedicated accounts, ensuring financial clarity.
  • Utilises dual-record transaction management, so both parties see real-time financial data.
  • Simplifies auditing and financial reporting, making it easy to verify transactions.

Financial disputes can strain franchisor-franchisee relationships and create operational bottlenecks. Aedon.Franchising eliminates these issues by offering clear, dual-record financial management, real-time transaction transparency, and automated reporting. With features like automatic royalty calculations, segregated client accounts, and precise tracking of shared expenses, Aedon.Franchising reduces misunderstandings and ensures that both parties have a clear view of their financial obligations and contributions.

This transparency not only reduces friction but also saves time by making audits and reconciliations straightforward and error-free. By automating complex financial processes, Aedon.Franchising enables both franchisors and franchisees to focus on what truly matters: growing their business. Download the whitepaper to discover how Aedon.Franchising can streamline your financial processes and minimise disputes, freeing you to focus on building a profitable network.

How Aedon.Franchising Supports Franchisors

Aedon.Franchising offers franchisors a powerful toolset to manage finances, foster franchisee success, and drive network growth. With Aedon.Franchising, franchisors can streamline operations while focusing on strategic development.

  • Provides a single source of truth for all financial records across the network.
  • Enables accurate tracking of royalties, fees, and franchisee performance metrics.
  • Supports customisation to adapt to diverse franchise models and operational needs.
  • Enhances compliance with data privacy and financial regulations, including GDPR.
  • Empowers franchisors with automated workflows, saving time and reducing administrative tasks.

Franchisors have unique responsibilities, from managing royalties and fees to ensuring compliance across an entire network. Aedon.Franchising offers a comprehensive toolkit that simplifies these tasks, allowing franchisors to maintain a single source of truth for all financial records, track franchisee performance accurately, and automate time-consuming workflows. This robust system not only enhances operational efficiency but also supports regulatory compliance, including GDPR, providing peace of mind for franchisors handling large amounts of sensitive data.

With Aedon.Franchising, franchisors gain valuable insights into each franchise unit’s performance, allowing them to offer targeted support where it’s needed most. By reducing administrative tasks and providing an easy-to-navigate interface, Aedon.Franchising empowers franchisors to focus on strategic growth. Download the whitepaper to explore how Aedon.Franchising can elevate your role as a franchisor, giving you the tools to drive network success and future-proof your business.

Aedon.Franchising – Your Questions Answered

Curious about how our accounting software can benefit your franchise? Explore answers to the most common questions about Aedon.Franchising can optimise finance operations at your franchise network.

What is the MDF?2024-11-15T09:28:56+00:00

MDF stands for Marketing Development Funds. It’s essentially a pot of money that a franchisor makes available to its franchisees to help them with local marketing and advertising efforts.

What is the difference between Cash-Based VAT and Accruals VAT?2024-11-15T09:28:47+00:00

Under cash-based VAT, the VAT is only paid when an invoice is paid. On accruals it is paid when the invoice is received. These rules apply to both Sales and Purchase Invoices.  Generally most small businesses will take the cashflow advantages of cash-based VAT until their turnover grows to greater than £1,350,000.

What is Benchmarking?2024-11-15T09:29:17+00:00

Benchmarking is the technique of comparing Franchisees with each other using the most important Key Performance Indicators for the business. To make the benchmarking more meaningful, Franchisor may group Franchisees into different categories so that the comparisons carry more weight.

What is an Escrow Bank Account?2024-11-15T09:29:39+00:00

If a Franchisor collects client receipts on behalf of the Franchisees and then deducts any fees before distributing the money back to them, best practice is to use an Escrow Bank Account.  An Escrow Bank Account holds the money in trust on behalf of the Franchisees and its contents are owned by them, not the Franchisor.

Who are Salesforce?2024-11-15T09:30:01+00:00

Salesforce is best known for being the world’s #1 CRM system for the 11 years running according to the International Data Corporation.  What is less well known is that they were the commercial software on the Cloud and their platform provides astonishing technical capabilities.

Why do I need specialist franchise accounting software?2024-11-15T09:30:26+00:00

The standard SME offerings from Xero, Sage and Quickbooks are not designed to scale and combine accounting information from multiple franchisees.  Put simply, they don’t have the horsepower.

What is the typical Franchise Investment?2024-11-15T09:30:39+00:00

A hotel franchise can cost several millions of pounds. McDonalds or Subway is in the range of £500,000 to a million.  Then there is virtually every prices point down to a £10,000 for a cleaning franchise or a low-cost supermarket.

What are the characteristics of a successful Franchisee?2024-11-15T09:30:56+00:00

Yes, the Franchisee must be entrepreneurial, motivated, an excellent communicator and sales person, but also and most importantly they must follow the Franchise model.  Don’t go off-piste!

How should a potential Franchisee choose their Franchise?2024-11-15T09:31:12+00:00

Carefully! It is a big commitment and should not be rushed.  Do your research?  Talk to the British Franchise Association. Talk to multiple Franchisors AND their Franchisees. But choose a franchise which plays to your personal strengths and that you enjoy.

What are the characteristics of a successful Franchise?2024-11-15T09:31:26+00:00

The successful Franchise combines a strong brand identity with a proven business model, comprehensive training and support, efficient operating systems, effective marketing and strong franchisee relationships. On top of all of that they must remain nimble and change with their customers.

Why do people become Franchisees?2024-11-15T09:31:42+00:00

It is less risky. Some studies indicate that around 90% of franchises are still operating after five years, compared to only about 20% of independent businesses.

Why do businesses franchise?2024-11-15T09:31:55+00:00

The short answer is that they want to scale. Successful franchises combine the entrepreneurial talents of the Franchisee with a proven operating model to grow a mutually symbiotic business.

“Aedon is a reliable and powerful accounting solution for any business, thanks to its seamless integration with Salesforce, user-friendly interface, robust reporting features, and top-notch security measures.”

Daniel Ruthenberg, Account Director at Manras Technologies

Why Franchisors Need Aedon.Accounting

Why Franchisors Need Aedon.Accounting

Full Power of the Salesforce Platform

Aedon.Accounting is hosted on Salesforce allowing you to either connect your existing CRM directly with your accounting or upgrade to a true Cloud Finance Solution.

Increased Security & Reduced Risk of Theft

Bank transactions are fed five times per day to an automated bank reconciliation, including matching rules and payment of open invoices.

Manage MDF, Royalties and other Charges Transparently

Aedon.Franchising eliminates disputes over record keeping because the financial transactions are recorded simultaneously in the records of each party.

Direct Debit & Payment Integration

Automated handling of direct debit payments and collections including failures.

Automated Processes & Approvals

Thanks to Salesforce’s powerful automation suite, we can empower your finance team by automating the mundane, daily, weekly, monthly tasks.

Intelligent Bank Reconciliation

Aedon.Accounting has a powerful automated bank feed with intelligent and customisable matching rules to save you time and money.

Manage a large Franchise Network

Aedon.Franchising is designed to grow with your franchise network.  The Salesforce platform that underpins Aedon.Franchising has the capacity to handle large volumes of data accurately and securely.

Native Reports & Dashboards

Reporting is Salesforce’s bread and butter, no more exporting your reports to Excel! View and create any report, chart, or graph within Aedon.Accounting.

Bottom-Up Reporting

This unique feature allows you to have a complete insight of your business at your fingertips, it allows precise reporting on Job Numbers, Products or any Analysis Code you want.

Why Aedon.Franchising is Perfect for Franchisors and their Franchisees

The Franchisor and Franchisees are two sides of the same coin. They must must trust each other and work in partnership to optimize the performance of the Franchise brand.

Aedon.Franchising creates a common financial language between them so that performance and results are measured consistently and accurately in an identical way for all the franchisees.

  • Single source of truth for Franchisor and Franchisee

  • Records Royalties & Fees at the same time
  • Shares detailed invoice information between both
  • Reduces queries over financial transactions
  • Allows benchmarking of Franchisee Performance
  • Maintain Financial Records
  • Fully Scalable
  • Submission of Accruals or Cash VAT Returns

Integrate with Our SI Partners

When integrating Aedon.Accounting with Salesforce, utilising a Systems Implementation (SI) Partner can be helpful for ensuring a smooth and effective transition.

Why choose to work with an SI Partner?

  • Complex Integration: Aedon.Accounting is a powerful accounting solution that requires careful integration with Salesforce. An SI Partner can handle the complexities of data mapping, workflow adjustments, and security considerations when migrating your accounting systems.

  • Customisation: SI Partners can help customise Aedon.Accounting to fit your specific business processes and requirements, ensuring a seamless integration and maximising the functionality of Salesforce.

  • Best Practices: SI Partners are familiar with industry best practices for accounting package integrations and often have many certified individuals on-hand, helping you avoid common pitfalls and optimise your implementation.

  • Support and Maintenance: An SI Partner can provide ongoing support, maintenance, and updates to ensure your Aedon.Accounting integration remains effective, up-to-date and grows with your business.

  • Risk Mitigation: By working with an SI Partner, you can reduce the risk of errors, delays, and costly mistakes during the implementation process. Ensuring that your migration is handled as smoothly and effectively as possible.

What others are saying

Customer reviews

Aedon.Accounting combines CRM and finance to drive down costs and increase revenues PLUS all the customisation that Salesforce enables. Learn more on our Salesforce AppExchange page.

These are all genuine customer experiences shared by users of Aedon.Accounting on our Salesforce AppExchange page. Click below to learn more.

View on AppExchange

Accounting Solution native to Salesforce

The team have worked tirelessly to understand what customers really need from a finance/accounting solution that works seamlessly on the Salesforce Platform. Aedon is built on Salesforce and so leverages all the awesome core functionality offered by the worlds #1CRM platform. Paul and his team really know “Accounting”, know Salesforce and speak your language.

Geoff Young

They get Cloud Finance

Aedon have always been knowledgeable, open and straightforward to deal with, and they really get the Salesforce eco-system and it’s transformative potential. Their approach to combining CRM and finance capabilities in a single system is revolutionary – one of our most valuable partnerships!

Jyoti Hull-Jurkovic, CEO at Zentso

World Class Accounting solution seamlessly integrated with Salesforce

Aedon is a reliable and powerful accounting solution for any business, thanks to its seamless integration with Salesforce, user-friendly interface, robust reporting features, and top-notch security measures.

Daniel Ruthenberg, Account Director at Manras Technologies

Aedon.Accounting: Excellent Financial Management on Salesforce

The end-to-end automation of Revenue Operations sets Aedon.Accounting apart, making it an invaluable asset for businesses seeking a robust financial management solution within the Salesforce ecosystem. Highly recommended for those aiming to maximize efficiency and profitability.

Vladyslav Petrovych, CTO at Noltic

Complete Native Accounting Solution

Having a complete accounting solution on the platform really opens up possibilities for deep integration with other parts of your Salesforce application. Automating the financial aspects of Salesforce processes can really reduce manual input and correction.

Steve O’Connell, Founder at Kampango

Proud Aedon Implementation Partners!

Aedon stands out as the go-to choice for those seeking a streamlined and efficient Finance/Accounting solution on Salesforce – we are very proud implementation partners.

Tim Chisnall, Director at Cognition24

We really like the Aedon Accounting package

It is what it claims: Fast, Right, Cheap & Easy, which is refreshing given the complexity of some of the alternatives. A great product choice!

Ayesha Barton

Excellent Experience, and a great product.

A great accounting product here for Salesforce with lots of integration options. The Aedon team have really gone the extra mile with some excellent features to make your life easier. They truly understand their product and how its going to be used by the customer.

Chris Bell, CTO at Smarterpay

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