Restaurant Franchising, 3rd Edition

e-Franchising 529

2. Voluminous materials such as franchise disclosure documents, agree-

ment forms, etc., can be saved and transferred using technology.

3. Technology use can signifi cantly reduce operating costs while increasing

profi tability. Even the elimination of manual processes and streamlining

operations can save millions of dollars.

4. Gross income and royalty reporting can be automated, thereby reduc-

ing monthly paperwork involving time and materials. Another associated

aspect is to use an electronic funds transfer system, which is very conve-

nient, effi cient, and fast.

5. Business intelligence systems can be used to trace any feedbacks ...