Why Having the Right Budgeting software matters?
Because it will rev-up your store and employee performance beyond expectations!
Setting appropriate sales and performance objectives for your retail stores is paramount not only to your overall performance, but to the morale and motivation level of your store staff as well. ChainDrive’s Budgeting software features allow its users to set sales objectives, make comparative analytics, establish Key Performance Indicator targets and much more.
This powerful tool puts you in control and provides you with appropriate means to clearly communicate your objectives all the way through your operational hierarchy down to the individual store level.
- Set targets for any timeline you select
- Choose and set the views for up to seven levels down to store
- Monitor performance for budgeted KPI’s
- Use historical data to aid in budget settings
- Simplifies the retail budgeting process
- Graph any selected data
- Built-in variance reporting
- Budget planning fully integrated to Point of Sale
- Select stores by district, area or type
- Rank stores against any set target
- Full copy-paste and undo-redo functionality
- “Annotate daily” events that provide information to evaluate store performance
- Multi-level end-end Visibility
- Increased Sales and Performance
- Simplified Processes
- Variance Reporting & Analysis
- Greater Cost Reductions
Multi-Level & POS Visibility
Leveraging ChainDrive’s centralized database, this budgeting tool has complete access to real-time data as well as all accumulated historical statistics providing a platform that not only allows the setting of meaningful objectives, but the ability to monitor them as well. This feature is seamlessly integrated and provides direct visibility down to and at store level.
ChainDrive Store Budgeting’s comprehensive security settings allow you to select which data can be viewed across seven (7) levels right down to a store’s assistant manager. Most importantly, you are in control as to exactly what data is visible to your stores and for what time frame. Head office is able to tailor, secure and restrict each stores screen view allowing for individual store information on sales, wage, budgets, hours and overall store performance and progress.
Retail store budgeting KPI Targets
ChainDrive’s Store Budgeting Dashboard allows you to view and monitor Key Performance Indicators. In addition to monitoring sales, Head Office is able to set targets for additional KPI’s such as, Average Dollars per Transaction (ADT), Average Units per Transaction (UPT), Average Dollars per Hour (ADH), Wage Cost Percentage and Weekly Workforce Hours.
These quick graphic performance views and targets can be set down to the store level allowing all results against these targets to be maintained and reported on by retail store management.
Budgeting and Forecasting software Annotation
This exclusive feature allows for the logging of detailed information on daily events and/or significant happenings as they occur. These daily logs are an important source of information that can give a clear indication of what might have affected a particular retail stores performance e.g. bad weather resulting in store closure.
Retail budgeting Software Analysis and Reporting
Our Budgeting management software Tool has built in comparatives, multi-level variance displays and full graphing functionality. All actual against budget and last year comparisons including set KPI’s are maintained and available by week, period, quarter and year to date. Set and analyze store performance down to the day and take advantage of the reporting and print functionality with the best business budgeting software .
Views can be defined, saved, recalled and displayed as you wish. Select from an extensive list of ERP/ POS data and associated comparative values to produce the view that best represents your requirements for action or analysis. The user has the flexibility and full control over all data views and can produce these views for store groups, districts and other store assigned attributes.