An ERP consultant for franchises has to understand two businesses at once: the franchisor that bills royalties and runs the brand, and the locations that report back to it. When each of those lives in a separate file, month-end becomes a collection exercise. Lucentive puts the franchisor’s books, corporate-owned units and franchise reporting on one accounting and inventory system.
Royalties and fund contributions from the books
- Royalty and marketing-fund charges calculated from reported sales and billed from the same system that records them.
- Franchise fees, renewals and transfers tracked by agreement and location.
- Receivables by franchisee, so collections do not depend on a separate list.
Corporate-owned units on one ledger
Each company-owned location becomes an entity or a location dimension, so unit margins and consolidated statements come straight from the system and a new opening is set up in the structure rather than stitched in later.
Best fit for the tools around it
Point of sale, payroll and franchise management systems stay where they already work and connect to the ledger. Accounting and inventory sit at the core.
Start with an honest assessment
Our fixed-fee ERP advisory tells you whether your current setup can be fixed before recommending anything new. For the software side, see accounting software for franchisors.
Common questions
Can franchisees stay on their own accounting systems?
Yes. Franchisees usually keep their own books. What changes is how their sales reports reach the franchisor, so royalty billing and brand reporting come from submitted numbers rather than emails.
How are new locations added?
Each new company-owned unit is set up as an entity or location on the existing structure, with its own reports from its first month.
Do you work with franchisors or franchisees?
Mostly franchisors and multi-unit operators, where one finance team reports across many locations. A single-unit franchisee is usually well served by a small-business package.
What does the franchisor see each month?
Royalty billing, fund balances, receivables by franchisee and results for company-owned units, all from the same ledger rather than a monthly workbook.
How we work
- Assess: a fixed-fee advisory, usually two to four weeks, built from your actual close and ending in a recommendation you can act on.
- Implement: chart of accounts, integrations and data migration, proved by a parallel close before go-live.
- Support: the principal consultants who built the system stay on after launch.
Related services: Retail ERP Consultant and ERP for Private Equity Portfolio Companies. Or see all our ERP consulting services.