It is a solution that helps franchises optimize performance by reducing expenses and improving efficiencies system-wide. In addition to automating financial reporting, there are many features within the solution that encourage best practices and growth. They include:
- A portal for all staff to use to improve workflow and collaboration
- A syncing solution to automate the gathering of financial data
- A reporting solution that includes patented mapping and consolidation
- Benchmarking, ranking and forecasting features
It gives franchises a centralized online portal to view meaningful data across all their units. Regardless of the accounting software they’re using, staff can collaborate easily and drill down into financial reporting data from a single portal view.
Yes. You can create templated, styled reports one time and use them across as many units and stakeholders as you need to. They update automatically so you can also continue to use them as often as you need to. Additionally, you can customize templated reports on a unit-by-unit basis.
Qvinci for Franchises offers unlimited free logins but that doesn’t mean you have to give them to everyone. You can package reporting pages into a single PDF using the Qvinci Packager and deploy them using email or snail mail. Alternatively, you do have some flexibility when it comes to setting what others can see when they log in.
The Qvinci Styler does more than allow you to format the look and feel of a report to suit your needs. If you are an Excel user, you will be right at home with the Styler. You can add formulas, hide rows and columns, and create a virtually unlimited number of reporting permutations. One of the most powerful value propositions of Qvinci is that with each sync your reports, including custom formulas or KPIs, will automatically be updated and reflect the most current data contained and synced from the accounting file.
- QuickBooks Desktop, Hosted and Online all versions
- Xero
- MYOB
- Excel
Desktop users use a sync app that is installed on the system running QuickBooks. The app automatically syncs data once a day when the user opens the Desktop file. Syncs typically take 30-60 seconds; the app is idle the rest of the day. Users do not need to initiate any activity; the sync client is automatic.
QuickBooks Online and Xero files are automatically synced in the evening hours and do not require user activity.
QuickBooks Online and Xero files are automatically synced in the evening hours and do not require user activity.
Excel files are uploaded by the user using a standard format provided by Qvinci.
Unlimited users are allowed. There is no charge for users. There are also no additional charges for reports so you can run as many as you want, as often as you want.
Yes. In fact, we own the patent on that. You can literally have 1,000s of different accounting files/classes and Qvinci will consolidate them using a Standard Chart of Accounts that you define. Consolidation typically takes less than five seconds. You may also run as few or as many reports (e.g. P&L) as you like for benchmarking purposes and customized analysis.
Qvinci is a monthly or annually billed solution based on the number of units or locations that are being synced and reported.