Retail businesses must have decisive management and efficient processes. which is possibly even more the case for retail chains and franchise businesses in the retail sector. In particular the complexity of franchising requires professional support from an accountant or adviser with sound knowledge of the relevant sector.

Our services

At BDO this knowledge is pooled; we are specialised in serving retail chains. We provide both franchise formulas and centrally managed chains with the following services:

Administrative processes;
Accountant audits;
Benchmarking;
Advice and support on improving yields;
Identifying and limiting fraud risks.

Administrative processes for retail chains

The administrative processes for retail chains are in fact all the administrative processes of several branches and/or franchisees combined. which requires specialist know-how. But if it is done well, it could bring in a lot of money. Clear administrative processes can help monitor your properties (assets, stocks, financial resources, etc.) and make timely adjustments in unexpected situations. At BDO we can efficiently structure and handle the complete financial and personnel administration for you. saving you costs whilst keeping you in control of all relevant information about your business.

Benchmarking with BDO Analytics

Growing competition makes benchmarking and branch comparisons more and more valuable. A branch comparison shows you whether yields are optimally spread across the branches. giving you an insight into how profitable your formula is as a whole. At BDO the tools we use include our interactive benchmark platform BDO Analytics;. which can give you an overview of interim performances of branches and franchisees from various perspectives. This platform also helps to follow margins closely and to make adjustments where necessary.

Yield improvement in retail organisations

Within a retail chain, yield depends on the performances and efficiency of the entire chain. What results are realised where? It is therefore essential that all parties involved improve together to achieve total yield improvement for the entire chain. Only then will you achieve a constructive and future-oriented result, and create and realise possibilities for yield improvement. Our specialists will be happy to take a look at the improvement potential within your chain without any obligation.

Contact

If you would like to know how BDO can help your retail organisation or chain? Please contact one of our specialists to arrange an introductory meeting without any obligation.