Press

Your franchise network likely has strong systems and processes to ensure that your franchisees have everything they need to succeed. But if you’ve had these systems in place for a number of years, it could be hampering growth across the network.

Today, B2B trade faces a significant obstacle as many businesses continue to rely on disparate and unconnected software systems to handle different aspects of their operations.

The rise of digitisation in recent years has helped businesses transform the way they work.

ASX-listed Spenda have announced that following an eight-month program of works, they have successfully­­­ launched their PayFac merchant payment services.

Today, digital transformation is no longer a forward-thinking option, but a necessity for all businesses aiming to maintain their competitive advantage.

A partnership with Spenda has delivered impressive improvements to the Carpet Court business says the retailer’s Chief Financial Officer, Mark Hogan.

Inflation, rising interest rates and geopolitical uncertainty remain key threats to businesses as recent global events indicate that decades of relaxed monetary policy and poor risk management have left some companies over-exposed and over-leveraged.

As a Franchisor you implement many systems and processes that to help your franchisees run their businesses smoothly.

While measures such as JobKeeper and the RBA’s Term Funding Facility (TFF) boosted cash flow and provided a safety net, it didn’t mean that every business needed to borrow at the time.

According to Bloomberg’s December 2022 survey of economists, the likelihood of a recession in 2023 stands at 70 per cent.

According to KPMG’s recent CEO survey, 86 per cent of executives think there will be a recession in the next year. Despite this belief, over half (60 per cent) think it will be mild and short, and 76 per cent have a plan to deal with the impacts.

Many companies benefited from a decade of low-interest rates and the fiscal policy measures put in place to minimise the impacts of COVID-19. However, these measures eventually had to taper.