Software-as-a-Service Financial Management Solutions Help Franchise Companies, Franchisees, and SimilarOrganizations Better Manage Costs to Improve Profitability
Wellesley, Mass. - December 16, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that ProfitKeeper has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies that are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
ProfitKeeper is a leading provider of SaaS-based financial tools for franchisors, affiliate groups, organizations and their members and franchisees. Its web-based, back-office solutions give users a way to simplify accounting activities while providing real-time graphs and reports for tracking and analyzing profitability.
Cold Stone Creamery is an example of the measurable business benefits delivered by ProfitKeeper. The company had difficulty collecting financial information from franchisees because of the lack of a consistent, easy-to-access collection system, and had no easy way to view franchisees' data to see where they could help improve profitability.Since Cold Stone Creamery began using ProfitKeeper's services in 2005, it has gained immediate access to more accurate financial system data which shows consistent comparisons, up-to-date averages and line-by-line expense items. By using ProfitKeeper's analytical tools, Cold Stone Creamery can now make strategic business decisions to ensure franchisee profitability and determine where franchisees can save costs and implement best practices.In addition, Cold Stone's franchisees have reported that ProfitKeeper simplifies their accounting and payroll tasks, saves them money as compared to other back-office alternatives (generic software and accountants), and provides timely customer support. As a result, Cold Stone Creamery estimates that each year franchisees have been using ProfitKeeper's profit management tools they have consistently lowered their labor costs, achieving a total drop in labor costs of 5.27% which represents a 16.6% reduction in their labor cost as a percentage of sales, and have realized on average an increase of four percentage points per year in profitability.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our integration solutions," said Greg Nielsen, President of ProfitKeeper. "We continue to gain acceptance by businesses in all industries because our SaaS tools allow them to better manage their bottom line and make important operating adjustments where necessary.."
"Companies of all sizes, but particularly small- and mid-sizes businesses (SMBs) such as franchisees and similar organizations, need powerful financial management tools to sustain their profitability in this tough economic environment," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."ProfitKeeper's SaaS solutions are ideally designed to address these critical business requirements."
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.