Strengthen your brand in the marketplace with a franchise audit

Stockholders and Board members gain confidence in saying, “our franchisees are audited every two years.” It helps maintain the longevity of the brand. It strengthens, verifies, and solidifies the brand, and it projects a sense of transparency that supports the current marketplace.

The needs for an audit are plenty:

  • When a franchisee experiences financial problems, it’s easy to stop reporting royalties in order to keep the lights on. The franchisor needs to be made aware of the problem. A franchisee will often wait until it’s too late to seek help. When reporting trends drastically change or stop entirely, an auditor sent to that location right away might increase the likelihood of salvaging the location.
  • A franchisee simply wants to pay less royalty fees by skimming off the top month after month. On a month-to-month basis, this may not seem like a lot. But added up over the course of a few years, and multiple locations, collectively, this can amount to considerable losses.
  • When franchisees trust someone who does not have their business needs at heart, their financial representative may not report and adequately pay their royalties. If a trusted bookkeeper goes on maturity leave, vacation, or has a short or long-term disability and leaves someone to take their responsibilities, it leaves gaps in their system and reporting routine.
  • Any process change or computer system change could result in reporting discrepancies.
  • A wayward employee can incorrectly create or supply false information.
  • Resolution with an audit maintains the integrity of your brand.
Revenue Assurance Company, franchise

Today, more than ever, trust takes a large role in the marketplace.

It drives sales and services. Trust in your brand will help your company succeed.

If you plan to complete random or structured franchise audits, we have you covered. We support your company unlike any other audit service in the marketplace. We provide answers and details for a fraction of what you would pay a CPA firm. We have a proven record of delivering robust audit reports for any requirement necessary.

We know that the franchisor and the franchisee relationship is essential. We have decades of practice in protecting, supporting, fostering, and maintaining that relationship. We realize that this is a lifelong partnership that stretches between the miles in different markets. These are not responsibilities we take lightly, and we know we represent you in the field. These entrepreneurs, as well as the franchisor, should be supported.

Why would a franchisee want to be audited? Many franchisees have stated that they appreciate audits. They realize that strengthening the brand is essential and see value in the auditing experience. Franchisees know that a portion of the national advertising fund and each location reflects on the national presence. They understand that if we audit them, that in most cases, we are auditing others within the brand. When there are non-reporting affiliates, they know that the brand will benefit from the recovery of audit findings in advertising funds.

Revenue Assurance Company, profit growth

We support you in legal issues

The audit programs that we create for our clients are straightforward, with analytics and reports that are easy to read and understand. However, in the event that audit findings lead to legal procedures, we make ourselves available. We stand by our clients. We stand by our audits.

Our proven audit program applied to your specific brand needs.

We work with you to understand your business, your company’s perspective, and your needs. We review and consider franchise agreement verbiage, stipulations, and reporting standards. We then create custom work papers that will provide all the reports and analytical data needed. Not all brands are alike, but after our interview and application of the work papers, you will see a streamlined and set audit plan tailored to your specific company needs.