Are You Missing This Store Budgeting Basic?
One of the basics of budgeting — any budgeting — is knowing exactly what you have to work with. From the little old lady who carefully marks down every day’s expenditures to the global economy, it all is understood only when you have the data from the past and the data from the present and can crunch the real numbers.
ChainDrive’s Store Budgeting feature uses the real-time data in the centralized database and accumulated historical statistics to analyze and monitor across seven levels. This provides control and flexibility for individualized information right down to the store’s assistant manager level. An annotation feature allows extra information to clarify significant events with a daily log so a day of poor sales can be seen in the context of severe winter weather, for instance.
The tool has full graphing functionality and enables comparisons of the actual numbers you are working with. Set Key Performance Indicators to display by day, week, period, quarter, or year-to-date and print out the reports you need to manage your retail stores wisely. Retail budgeting is a complicated process, and in order to do it successfully you need to be as accurate as possible. This Retail Budgeting tool simplifies that process and gives you the basic foundation that all budgets need to be built on — accurate data. You can build your store budgets with confidence, knowing you are working with the facts and that you can change your strategies as the circumstances warrant.
Your staff will be encouraged by goals that are easy to understand and evaluate. You will be able to set KPI targets, sales objectives, and more, while clearly communicating your objectives throughout your hierarchy.