FOR IMMEDIATE RELEASE
FRANCHISORS CAN NOW COMPARE THEIR FINANCIAL AND OPERATIONAL PERFORMANCE TO THEIR PEERS
Windham, NH February 9, 2011 – The International Franchise Association (IFA), a membership organization of franchisors, franchisees and suppliers, has selected Dynamic Benchmarking’s Stack-up™ software to deliver web-based benchmarking to their franchisor members.
IFA Educational Foundation President, John Reynolds, CFE, says, “A task force of IFA members selected Dynamic Benchmarking’s platform after exploring many options. Benchmarking is a key initiative for 2011 and the solution will be launched to our general membership at the association’s Annual Convention, February 13-15, in Las Vegas. Benchmarking can help our members gain valuable insights into their business operations.”
A task force of franchisors and IFA staff members defined the requirements for their benchmarking solution. Important components included ease of use, franchise specific metrics, meaningful analysis and 24-7 access. Dynamic Benchmarking’s Stack-up™ software met these requirements with web-based delivery, a simple user interface and interactive functionality. Stack-up™ merges the best of customized software with the ease of off-the shelf-software by using the latest in subscription-based cloud computing technology.
IFA franchisor members will benefit from an interactive benchmarking solution that provides on-the-fly peer group selection for “what if” analysis, industry insight and data driven decision making. Benchmarking is a proven business tool for measuring financial and operational performance and improving business decision making. The partnership between Dynamic Benchmarking and the IFA provides IFA members with important business tools to build success for everyone.
About International Franchise Association
The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating 50 years of excellence, education and advocacy, IFA protects, enhances and promotes franchising through government relations, public relations and educational programs. Through its awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the 21 million jobs and $2.3 trillion of economic activity generated by franchising. According to the most recent U.S. Census data, IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.
About Dynamic Benchmarking
Dynamic Benchmarking brings the proven power of business benchmarking into the 21st century using the latest in web-based technology and reporting functionality. Our unique and powerful technology platform is purpose-built for businesses to easily compare their financial and operational performance against their peers in a dynamic and interactive manner. It offers the features and capabilities of custom software in a format that is easy and quick to deploy. With our exclusive focus on benchmarking, we build solutions that are flexible and scalable across a wide breadth of industries, organizations and users. For more information, visit www.dynamicbenchmarking.com.
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