Why You Need Visibility Options In Retail Store Budgeting Software
Budgeting visibility goes two ways — the access to view data and the ability to communicate goals.
Developing a budget is a basic aspect of retailing or any commercial enterprise. ChainDrive’s Retail Store Budgeting software is an essential tool for developing that budget because all the data your business generates is stored in one place. Having a central database that holds every piece of information is helpful but that database needs to have visibility options.
Differing levels of management don’t need to see the same information. Sometimes you need to filter for specific stores or dates. Security is always a consideration and controlling access to sensitive data is imperative. The budgeting software you use is only as useful as the visibility it offers.
Multi-Level Visibility That YOU Control
ChainDrive’s budgeting tool has complete access to real-time and accumulated historical data. The setting and monitoring of objectives becomes a matter of filtering and selecting the information you need for your planning. The comprehensive security settings enable your head office to determine exactly what data is visible across seven levels, down to assistant store manager. Each store in your chain can be restricted to viewing only their specific store information on performance, sales, wage, budgets, hours, and progress.
Head Office is also able to set targets at the store level. Graphic performance views of the KPI that you determine, like the average dollars per transaction, average units per transaction, average dollars per hour, wage cost percentage, or weekly workforce hours. ChainDrive’s exclusive Annotation feature provides daily logs for individual stores so factors affecting performance can be noted. This gives significant insight when one store suddenly drops in sales due to a localized power outage forcing a closure, for instance.
Configurable Budgeting Software That YOU Define
ChainDrive’s Retail Store Budgeting provides analysis and reporting flexibility. This enables comparatives, multi-level variance displays, graphing functionality, and more so that your team sees exactly what they need to see for accurate insights. The ability to define, save, recall and display views of your data is essential for communicating your goals to store groups, districts, or any other entity that must grasp the information.
The result of having visibility options in your retail budgeting software is greater efficiency in planning your budget and greater effectiveness in implementing it.
