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Unlike most other Cloud Accounting systems, franchiseiQ provides fully integrated Sales and Purchase Order management in our EnterpriseIQ edition.
franchiseiQ provides the full Quote to Invoice workflow so that you can start by entering a Sales Quotation and eventually convert it to a Sales Invoice with very little additional keying except where amendments are required to the original details.
The Sales Cycle is very flexible so that if you don’t wish to use the Quotation module you can bypass it and enter your Sales Orders directly. If you don’t want to use the Sales Ordering module you can bypass that too and simply enter your Sales Invoices. Inventory Movements for invoices entered directly are tracked even if you don’t create an order first.
Because of the unique ‘default’ facility in franchiseIQ, you will find that the data entry options can be very quick and easy to use with minimum mouse clicks or keystrokes required to get the data into the system.
The system enables you to part deliver/receive orders and create invoices on partially delivered/received orders. This helps reduce order lead times and enables you to invoice your customers faster.
Orders, Invoices and Statements can be sent in bulk from the system by email saving you time and improving turnaround.
If you need to link franchiseIQ to your own order fulfilment, EPOS or e-commerce site, we have a full Web services API that makes integration a cinch.
Once integrated, order and inventory transactions can be sent between franchiseIQ and third party systems eliminating any need for rekeying or data importing.
Our API methods support the transmission of transactions in bulk enabling large transfer of data.
franchiseiQ has an internal datawarehouse that summarizes all sales (and purchases) data by reporting period.
This is really useful for producing reports that track sales results by product, group, area, region etc. In terms of metrics, sales quantities, volume and costs (with gross margins calculated) are tracked. A selection of system reports are provided to display these results.
The system has the capability to calculate commissions earned by your sales rep employees as part of the sales process and can then be reported on afterwards.
Commissions are calculated based on a set of rules that can be set up beforehand and can be:
"Sales & Purchase Order Management" is part of the franchiseIQ line of products, developed by FranchiseIQ.
franchiseIQ is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.