Best of SaaS Showplace Award Winner

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. In recognition of these measurable business benefits, ProfitKeeper has been named a Best of SaaS Showplace Award winner.