ChainDrive Store Budgeting software helps set objectives
Budgeting for your personal life or your business requires that you maintain a strong understanding of what your objectives are and how you will reach them. Most times, this means defining a goal and developing a way to track your progress towards it. That’s a little bit easier on the personal side because you generally have full control over your income and spending, or at least you have a great way of predicting it. In business, however, it’s not so easy. If you’re a retail professional looking to set goals and use them to budget your expenses and your income, consider using a powerful tool to help you accomplish this. ChainDrive’s retail management software package is a fully equipped solution with a Store Budgeting component designed to set goals, define performance indicators, and track progress.
The Store Budgeting Dashboard allows you to view, set, and monitor Key Performance Indicators (KPIs) with ease. You can even set targets for your KPIs, such as average dollars per transaction, average units per transaction, average dollars per hour, wage cost percentage, or weekly workforce hours, and then track them as your business grows and changes. Keep a close eye on the dashboard as you make changes to pricing, products, merchandising, or any other aspect of your business to see how it affects your progress towards these targets.
Our Budgeting software also gives you the option of annotating any point of data that may stand out as an anomaly or otherwise require explanation. This is great for offering thorough insight into your business for you and all of your employees as you review expenses.
Get ChainDrive software and set competitive targets to reach new levels of success!
