Collecting royalties, Ad Fund payments and other transactions from franchisees is time-consuming. Your franchises and staff could be selling and servicing rather than mailing, opening and depositing. By Automating the collection of these funds you also greatly increase cash flow to better assist your franchisees.
FPN has a better process for everyone involved!
Through our Automated Royalty Transactions (ART) and our integration with companies you may already use like FranConnect and IFX, your franchise system can enjoy totally automated, low-cost payments.
Through ART, royalties and advertising fees are automatically calculated by your sales and reporting module according to your specifications. Franchises are notified via email, then funds move at the designated time—automatically and securely—from bank to bank through the ACH (Automated Clearing House) network for low-cost (no Visa/MC fees) transactions.
Your franchise system will benefit from a system that is more accurate than invoicing, completely secure and fully automated!
Contact us to learn more today!