Today, 100 chain brands have joined the "worry-free joining" action of MYbank, providing more convenient digital financial services, payment and settlement services for chain brands and franchisees by accessing the digital supply chain system of MYbank - "Big Goose System".
This includes the head brands of various subdivisions such as throbbing roasted fairy grass, Shanghai aunt, pot circle food hui, ancient tea, Wallace, Mengziyuan rice noodles, etc. Through this cooperation, it will effectively support tens of thousands of franchisees, so that these small and micro enterprises have no worries when joining the operation.
No need to run errands, loan availability increased to 80%
For chain brands, in the process of franchisees opening new stores, opening multiple stores, and opening good stores, cash flow is often the biggest constraint.
Wu Guanghui is a franchisee in the Shanghai area of Mengziyuan Rice Noodles, and in two years, he has joined 13 Mengziyuan Rice Noodles and laid out large and small business circles. In Shanghai, where land is scarce, the rent of the popular business district is high, the demand for funds is large, and his dozen or so shops are rented and cannot be mortgaged, so it is very difficult to borrow from the bank.
After Mengziyuan rice line access to the online business bank "worry-free franchise", Wu Guanghui's problem was solved, with his own and Mengziyuan rice line stable transactions, as well as its own comprehensive credit status, no need to mortgage and go to the outlets to run errands, Wu Guanghui only took 3 minutes, got 500,000 loans, laid out more franchise stores, there are currently 2 dine-in restaurants are being renovated.
Wu Guanghui, a franchisee in the Shanghai area of Mengziyuan Rice Line, is in his store, and he has expanded 13 stores in two years.
In the "worry-free franchise" action, brand owners have introduced online business banks to make the pass rate of franchisees applying for loans reach 80%, which has greatly improved the loan availability rate. From now until the 6th of next month, franchisees of cooperative brands can search for "worry-free franchise" on Alipay and enjoy 15 days of interest-free targeted payments to reduce their interest costs.
Reduce costs and increase efficiency, so that 1 financial staff can manage 1,000 stores at the same time
Each chain brand is almost connected to hundreds of franchise stores, and it is very cumbersome to manage the "account" of thousands of stores.
Some stores take online payment for ordering, which cannot be paid by real name, resulting in difficulty matching invoice flow and business flow, and some stores manually transfer money offline, which requires a large number of manual audits, making it difficult for the brand side to count and manage.
Taking the throbbing burning fairy grass as an example, the brand currently has more than 2,000 stores, and when docking with stores, it is easy to have a series of problems such as untimely delivery and mistakes in franchised stores.
The "worry-free franchise" action has changed this situation, through access to the "Big Goose System", the settlement between chain brands and franchisees can achieve online large amounts, real-time arrival, real-name documentary payment, etc., which is more efficient.
"Since the cooperation with the online business bank, it has greatly reduced the burden on the financial personnel of the throbbing enterprises. In the past, franchisee funds through offline payment, need at least 3 financial 7× 12 hours of continuous work, but also often make mistakes, now we 1 financial staff can manage 1000 stores at the same time, store management efficiency increased by 60%. Shenyang, CIO of throbbing burning immortal grass, said.
There are also many light food, fast food, tea and other takeaway sales channels accounted for a high proportion of the brand, will regularly charge the store brand use fees, service fees and other fees, through the geese system, can allow the brand side to uniformly manage the store dine-in and takeaway channels of the cashier funds, so that the brand to do timely charging, accurate reconciliation with the store, the brand can also better provide management and operation services for the store.
Partner brand franchisees can enjoy 15 days of interest-free targeted payments by searching for "worry-free franchise" on Alipay
It is understood that the "Big Goose System" is an online business bank initiated by Ant Group, which develops a digital supply chain financial solution based on the supply chain relationship between core enterprises and upstream and downstream small and micro enterprises.
In order to strengthen financial support for small and micro operators, the All-China Federation of Industry and Commerce has jointly launched a micro-assistance plan with the banking industry for two consecutive years to alleviate the problems of financing difficulties and expensive financing for small and micro enterprises by expanding the coverage of small and micro financial services and reducing fees and interest rates.
As a joint sponsor bank, MYbank said that the "worry-free joining" action is also one of the measures to implement the micro-assistance plan, and in 2022, it is expected that 200 chain brands will join the "worry-free franchise" action to serve small and micro enterprises downstream of chain brands and help the real economy.