Do franchisees have to prepare monthly returns to Head Office and why?
Yes franchisees must complete a monthly return issued by Paul Herring our IT Manager. The return details clients won, business type, turnover, accountancy services provided and fees charged. This data helps us to build up information on how a franchisee is performing and helps us identify where a franchisee requires help. The data also allows us to help guide new franchisees in pricing their first few contracts based on what existing franchisees have charged similar clients in the same region. Finally we use the data to find new ways in which to support clients. For example we can remove the names of clients then sort the data by industry type. We then contact our Insurance provider who in turn can approach insurance providers such as Norwich Union to quote abacus for an employers liability insurance policy for engineering businesses. As a network we may 50 engineering businesses so the insurance provider will discount the policy. Individual franchisees may only have 1 or 2 engineering
