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Finally, there’s an audit you want to have! All successful franchise systems are based on a consistent approach towards business processes and compliance, as well as sound operational and financial controls. At Optimum Assurance, we are committed to delivering optimum assurance for franchisors and adding value to their franchisees. Accurate reporting of royalties, rebates and brand protection are 3 significant issues for both today’s franchisor and franchisees. The auditing of franchisees of all sizes using the latest techniques can provide important benefits to all stakeholders in the system. Optimum Assurance Group provides independent and objective analysis of franchisee operations to ensure the franchisor’s interests are protected. We also strive to provide added value to the franchisee by assisting with localised controls designed to improve their own operations. In the modern business world, having sound corporate governance is expected and it is no different for the franchise sector. By having an audit, compliance and risk management process, franchisors set the "tone at the top' by having accountability and control systems that are proportionate to the risks involved in their business. Good governance provides an organisation the framework from which to create value for all stakeholders in the system through leadership, ethics, entrepreneurism and innovation. Optimum Assurance Group understands the complex nature of franchising and has the right mix of expertise and hands on experience. For our latest information document click here.
Benefits of Outsourcing/Co-sourcing for Franchisors An outsourced / co-sourced internal audit, compliance and risk function can benefit organisations of all sizes and especially franchisors. Why have internal resources tied up when you can have it all only when you need it. Independent – we have no bias or alliances and this can be important in the eyes of the franchisee Targeted skills and expertise – we provide skill sets for specific tasks and engagements Efficient – We get the job done and report the facts, no distractions from within the business Flexible approach – our tailored solutions can be as broad or narrow in scope as your audit committee, board or management need Cost effective – no head count, no cost of hiring, re-hiring or training Objective – with our fresh set of eyes we ‘say it as we see it’ Exposure to best practice – benefit from our extensive experience and knowledge Modern approach - cutting edge audit tools, techniques and methodologies
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