Retail Budgeting software helps you manage your money
One of the most important decisions you’ll have to make year in and year out as the manager of a retail chain or location is what to do with your money. Expense allocation and accurate, smart budgeting are absolutely fundamental to the success of any business, especially one dealing in retail. That’s why you can’t afford to make any mistakes. Instead of working tirelessly to understand spreadsheets and complicated graphs with various people giving you their input, consider investing in a retail management solution that helps you make sense of everything money-related. ChainDrive’s retail management software includes a Retail Budgeting component designed to do exactly that – make sense of your budget and help you make smart business choices.
Retail Budgeting software is designed to help you by allowing you to pinpoint key performance indicators and monitor them. This will show you how your business is performing in vital ways and allow you to analyze which areas need expenses allocated to them and which might not. You can then set your own sales objectives such as a certain number of sales or a certain gross margin you’d like to reach for a given time period, and have the software track how you’re doing towards that goal.
Other features included in Retail Budgeting are:
- The ability to choose and set the views of data you’re looking at for up to seven different levels, right down to an individual store
- Use historical data to assist in planning and implementation of budget settings
- Graph any selected data in a variety of different ways for the best visual representation of your needs
- Built-in variance reporting