Sales/Royalty Reporting Module (SRM)

Sales/Royalty Reporting Module (SRM) - IFX's Sales Reporting Module provides an interface for franchisees to enter and/or review sales data for a specific reporting period. Franchisees may also generate a series of preprogrammed reports designed to provide immediate analysis of their data versus their own historical data, other similar units and/or benchmarks established by the franchisor.

IFX can design a form-based interface that integrates with IFX's Intranet/Extranet Support System which franchisees can access to enter their sales data (or other data) in a secure manner online and then submit that data directly into a Master Reporting Database designed specifically for the client. Once the franchisee has entered their data, they can select from a series of preprogrammed reports designed to assist them in analyzing their current data versus their historical data, an average derived from all franchisee data, or a benchmark or "goal" established by the franchisor. Each of these reports can be produced in graphic format (color line chart, pie chart or bar chart) for easy viewing at the franchisee level. If the client already has a system in place to collect data from franchisees (i.e. a POS system, QuickBooks, etc.), IFX may be able to integrate its SRM with the client's system to automatically (or manually) export field data from the client's system to IFX's Master Reporting Database. In this case, franchisees would not be required to manually enter their own sales data in order to run a series of reports on "what" their data means in the form of various chart comparisons.

One of the keys to IFX's SRM is that all of the sales and reporting data pertaining to each franchised location can be stored in the Master Reporting Database and made available in its entirety to the franchisor's SRM Administrator. Whereas specific franchisees can only enter data for their specific location(s) and view reports corresponding to those locations, the SRM Administrator can conduct a series of preprogrammed reports at a much higher access level, effectively comparing trends and conducting analysis for one franchise, an entire selection of franchises, or all franchises by category, as a whole, or by date range. Further, data from the Master Reporting Database can be imported into the client's local database, spreadsheet or accounting system in whole or in part at any point in time.

IFX can also incorporate its Online Payment Center (OPC) into the client's SRM in order to automatically or manually draft Royalty and Service Fees, National Ad Fund Contributions and other regularly occurring fees, transferring funds into bank accounts designated by the client. This could also include calculation of late fees, notices of payments made (or not made) within a certain timeframe, penalties and even currency conversion capability.