Qvinci Software
Qvinci® Software has released new functionality that allow users to create virtually an unlimited number of “What If” scenarios and forecasts to show the ongoing impact of the present COVID-19 crisis (or any other future crisis) on their business’ income, expenses and cash positions over time. Users can easily manipulate the financials, immediately see the impact and make sound decisions from the results. With this new functionality trusted advisors can help their clients, franchisees, non-profits or business units better predict if/when additional funding may be required, or if/which costs need to be trimmed or cut well before the crisis impacts your bottom line and it’s too late.
According to Qvinci’s CEO Brad Adams, “the new “What If” Tool is but the latest innovative development that allows a wide variety of users to create immediate and impactful business intelligence for any number of clients or business units and deliver it timely, efficiently and repeatedly. In the time of the Coronavirus and its eventual economic aftermath, Qvinci is more relevant today than ever before!”
The following is but a single example of the kind of 'What If' reporting this new tool provides when looking at a running cash balance.
Qvinci_What-if_Example-01
The new “What If” Tool pulls last month’s P&L and the total cash balance in the bank, then builds a 12-month forecast based on a default of continuing that kind of performance. Users have the flexibility to modify any line item(s) by month in the chart of accounts and the running income, expenses and cash balance will automatically show the impact.
The possibilities and opportunities are endless with Qvinci’s entire suite of predictive BI Tools. And, like all Qvinci reports and BI Tools, the “What If” Tool auto-updates, auto-blends, auto-styles and auto-packages virtually instantaneously.
The illustration below represents a profitability projection, updated with the click of your mouse.
Qvinci_What-if_Example-02
Users will make intelligent and timely adjustments to one or many accounts to establish an actual forward-looking 12-month roadmap, such that you immediately see your adjustments and their impact on the running cash balance and P&L performance for the next 12 months. What could be more relevant in these disturbing times?
Qvinci’s Founder and CIO Charles Nagel, who invented and designed the new tool, “in these difficult times those advising, managing and running businesses or non-profits need the ability to timely and accurately define the necessary adjustments to cash, income and expenses that impact desired results and “What If” allows just that.”
You can actually 'Download a Working Example' of Qvinci's new 'What If' tool at this website, but perhaps the best way to learn more about the tool will be by attending their live webinar scheduled for Wednesday April 1, 2020 at 12:00 Noon Central-time, register here. You can also head on over to the Qvinci website and sign-up for a Demo here.