Store IQ

1. Introduction to StoreIQ™

StoreIQ™ is an enterprise-grade financial planning and performance management platform tailored for multi-location retail and franchise chains. It empowers finance and operations teams to set granular budget projections and auto calculate budget estimates across corporate, regional, and store-level hierarchies based on pre defined rules and automatically reconcile these with Actual Cost Heads recorded in SAP or any other ERP System.

Designed initially for a Leading Pizza & Restaurant Chain Franchisee in India, this intelligent platform is built with the complexities of National and Global Retail Chains in mind & ensures that every level — from Country to Brands to Region to State to Store — can track Budget v/s Actual Cost estimates with precision and accountability.

The main USP of StoreIQ™ is that the Finance and Regional or Store Admins can either configure custom logic or apply pre-defined business rules to upload or auto generate budget estimates across multiple cost heads and store locations.

These estimates can be dynamically calculated based on:

  • Historical budgets from previous seasons, adjusted for inflation
  • Average spending patterns of similar stores within the same city or region
  • Percentage allocations of fixed financial benchmarks such as projected profits, incentive pools, or recognition budgets

This eliminates manual guesswork, ensures consistency across budgeting cycles, and enables data-backed, scalable financial planning.

With robust integration capabilities and an intuitive interface, StoreIQ™ brings clarity, control, and efficiency to your Financial Planning and Performance Tracking processes.

2. What You Can Achieve with StoreIQ™

StoreIQ™ delivers measurable impact to retail chain brands by improving financial accuracy, cutting planning time, and every store stays on track with corporate targets.

Key Benefits

  • Up to 70% faster budgeting cycles by eliminating manual spreadsheet consolidation.
  • Accuracy within 2% for budget estimates using historical data, inflation adjustments, and predictive logic.
  • Real-time variance tracking across all stores to catch overspending before month-end.
  • ERP integration without heavy customizations, reducing IT dependency and costs.
  • Scalable budgeting across 100s or 1,000s of stores without additional headcount.
  • Automated alerts that cut unapproved spending incidents by up to 40%.
  • Centralized dashboards that give executives, Region and Store-level view in seconds.

Key Advantages

  • Real-Time Budget vs. Actual Tracking – Stay informed on financial performance at every level.
  • Retail-Specific Hierarchy Support – Designed to mirror complex chain operations from country to store level.
  • Scalable Across Brands – Equally effective for regional chains or global enterprises.
  • Improved Financial Control – Spot cost overruns or underperformance before they escalate.
  • Faster Decision-Making – Insightful dashboards and variance reports enable proactive management.
  • Customizable – Adaptable to unique expense heads, workflows, and reporting needs.

3. Core Features

i. hierarchy Multi-Tiered Business Hierarchy

  • Map your business from Country → Brand(s) → Region → State → Store
  • Allocate budgets at any level of granularity with expense heads integrated from SAP/Any ERP system

ii. admin Role-Based Admin Access

  • Assign region/state/store admins to manage forecasts
  • Decentralized inputs with centralized visibility
  • Reduce bottlenecks in planning cycles

iii. Module Budgeting Projections Module

  • Upload or Input budget estimates by expense headers
  • Fully mapped to SAP/ERP cost structures and financial headers

iv. admin Smart Budget Automation with Predictive Estimation

  • Define or Apply Pre-Set logics to auto-generate budget estimates
  • Use data-driven inputs like past season budgets, inflation, and city averages
  • Align budgets with financial targets by auto-linking to profit forecasts or strategic expense allocations

v. admin Real-Time SAP or ERP Integration

  • Integrate with any ERP system with minimum dependency and integration expenses
  • Auto-fetch actual sales and expenses by month against combined or segregated headers
  • Run variance reports with actuals v/s budget
  • View projections v/s performance by period

vi. admin Reports & Dashboards

  • Visual drill-down reporting from corporate to store level
  • Monthly/quarterly performance summaries
  • Export-ready reports for board or zone managers

vii. admin Alerts & Oversight

  • Automatic alerts for budget overruns
  • Highlight stores underperforming projections
  • Enforce accountability with approval and review workflows

4. Example Use case of StoreIQ™ for a Retail Chain

Scenario:

A clothing retail chain with 500 stores across 3 countries wants to track marketing spend and operational costs against budgets.

With StoreIQ™, the central finance team can:

  • Set expense budgets for campaigns by brand/store
  • Auto-fetch actual spends from SAP monthly
  • Compare budget v/s actuals, get alerts for overruns
  • Create consolidated dashboards by region or category

StoreIQ™ transforms budgeting from a manual chore into a strategic advantage — giving business the clarity, speed, and control they need to grow profitably !