Two Franchising Suppliers Combine Strengths to Create Powerful Technology Tools

Fishman PR

IFX Online, an applications service provider specializing in fully integrated web-based management solutions for franchise organizations, and Franchise Payments Network (FPN), the only electronic payments processing company to focus solely on the franchise segment, have joined forces to create comprehensive technology solutions to streamline online ordering, royalty reporting and payment, and monetary transaction of purchases.

“Over the years, IFX has continually improved upon our technology to create sophisticated online systems that allow franchisors to gather information and track the sales and royalty fees for each franchisee online,�? said Dan Martin, founder and president of IFX Online. “The missing link was that we had to utilize multiple companies with widely varying methods to process payments. Now, FPN completes the picture.�?

IFX Online, which develops and hosts Intranet and Extranet systems for more than 190 franchise concepts internationally, provides a series of technology solutions to support franchise operations, including sales and royalty reporting, financial data analysis, franchise lead management, as well as online ad creation systems and website development/hosting services for individual franchise owners. Meanwhile, FPN specializes in technology that helps streamline the purchasing process, combining the buying power of all of its clients to achieve a more cost-effective solution.

By combining various facets of IFX/FPN technologies, franchisees will now be able to review and order unlimited products, and pay online by credit card or automatic clearing house (ACH), which is instantly deducted from the franchisee’s bank account. This solution also alleviates risk to vendors, which may encourage them to give franchisees increased wholesale discounts.