fe at ure : fr a nch ises i n you r pr ice r a ng e
Expert Advice: John Clatworthy | SVP, Chief Customer & Strategy Officer | Cash Connect
KEY CASH LOGISTICS CONSIDERATIONS FOR YOUR FRANCHISE
Owning a franchise requires constant investments in your business, from financing new equipment and funding the creation of new marketing materials, to hiring additional team members and — as we saw this past year — purchasing new safety and sanitary measures to comply with COVID regulations. Franchising USA
Investment priorities shift depending on several factors. However, an oftenoverlooked area of investment is cash logistics. As most business owners can attest, effective cash management and logistics are a priority for every franchise. It is important to know where every dollar is coming from and where it’s going within your business. This is not always easy to manage, and many franchise owners outsource cash logistics, especially those with high-volume cash transactions like food services. Having the right cash logistics partner is important, as it will impact both your daily operations and your bottom line. There is a lot to consider with cash logistics such as safety, theft, and of course,
precious time. When evaluating the various ways to help your franchise run more efficiently and safely, there are five key logistical considerations you should keep front of mind. If implemented correctly, these solutions will allow franchise owners to focus on what they do best — serving their customers.
Smart safes with a daily credit solution can optimize carrier frequency A key way for franchise owners to costeffectively manage their cash supply chains is by implementing a remote cash capture solution. A remote cash capture solution, coupled with a smart safe, enables owners to have access to daily funds via provisional credit and detailed reporting,
