“Skill in the art of communication is crucial to a leader’s success. He can accomplish nothing unless he can communicate effectively.”
eInsight Pro combines the power of a report generator, with a business intelligence dashboard to create a true decision support tool for small businesses.
eProcess Pros can custom design a dashboard based on the specific needs of the business, pulling information from the accounting system, Point-of-Sales system, Web-based shopping cart or any other data related source.
The dashboard can be modified for seasonal activity or when new goals are set or old goals changed.
Key Performance Indicators
The key to improved business performance is developing, measuring and performing to Key Performance Indicators (KPI’s). KPI’s help organizations understand how well they are performing in relation to their strategic goals and objectives. In the broadest sense, a KPI provides the most important performance information that enables organizations or their stakeholders to understand whether the organization is on track or not. It is an easy to understand, quick glimpse of both where you are and how far you have to go.
A dashboard is a display of key graphs and charts for at-a-glance awareness of your company’s performance. It is your scorec
ard (report card) based
on metrics (measurements) of your key performance indicators-KPIs (actionable, measurable goals). Your KPIs should be a mix of key financial and operational measurements to create a balanced scorecard on how you will track your business performance.
The dashboard interfaces with POS data or other software data collection applications to create the graphs and charts. Placing your metrics right in front of you makes them impossible to ignore. Executives and managers can immediately access progress or problems.
- Create and communicate key performance indicators
- Use current information to drive business decisions
- Provide a competitive benchmarking for franchisees
- Help Franchise Field Consultants to be more effective and efficient
Having all oars in the water rowing in the same direction is the goal of good KPIs presented in an easily understandable dashboard. It helps build individual franchisee profits, which grows revenue, which grows royalty payments. It creates an environment which improves the probability of success and minimized failure, thus reducing financial loss at both the Franchisee and Franchisor level. Sustained success attracts investors and additional Franchisees. Franchisee growth drives higher franchise fees.