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Royalty & EFT
Management |
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| The manual process for generating royalty invoices and collecting payments involves high transaction costs and can be error prone. The Royalty Management and Electronic Funds Transfer application enables franchise organizations to automatically compute the royalty payment due from each franchisee, generate invoices on a periodic basis (daily, weekly, monthly or any other period) and allows electronic funds transfer. View invoices for all your franchisees, track payment schedule and eliminate delays in processing payments. Franchisees benefit from the ability to schedule payment dates and resolve line-item disputes electronically. |
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| Eliminate faxes, paper-checks, and errors associated with manual royalty collection processes. Enable on time payment collection and improve cash flow. Allow franchisees to conveniently schedule payments. |
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Features |
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- Define Royalty Terms
Implement complex royalty rules including royalty fees that change with time or with the total amount paid. Create distinct royalty formulae for each individual franchisee
- Automated Invoices
Generate automated royalty invoices based on sales data.
- Set Payment Deadlines
Set-up automated payment schedules
- Online Transactions
Conduct EFT (Electronic Funds Transfer) transactions through any bank of your choice
- Track Payments
Track royalty reports and payment history for franchisees
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