Utilize The Best For Your Retail Budget Plans
A budget — any budget — has to be based on facts to be useful. For retailers, budgeting is incredibly complicated because store budgeting involves more facts than ever before. This is because the increasing number of channels in retailing multiply the factors that the budget has to take into account.
Retail budget plans need the best software available, with professional support that is up to high standards. The software needs two things — access to both historical and real-time facts appropriate to the task at hand and the ability to analyze comprehensively for optimal planning.
Access To Facts
Any budgeting software that doesn’t have access to the facts about past and present business transactions will not have all the information needed to do the job. Every budget is based on numbers, and the best budgets use the specific numbers for that application.
ChainDrive’s Store Budgeting tool has complete access to real-time data and all accumulated historical statistics because it leverages the centralized database for the business. Comprehensive security settings keep the access appropriate and that control covers seven levels and any time frame, down to a single store’s assistant manager.
Meaningful objectives can be developed based on facts, not assumptions.
Ability To Analyze
Because the data being analyzed is specific to the situation, the budget being projected is achievable and appropriate. Since ChainDrive Store Budgeting is part of an integrated retail management software suite, it seamlessly moves into optimal operations.
The ability to analyze with configurable views allows data and associated comparative values to be presented exactly how a particular group needs to see their part in the dynamics of the entire business. As individuals see the role they play in the enterprise and how their actions reflect in their sales and performance, morale and motivation are boosted.