Qvinci® Software – an Intuit® Franchise Program reporting partner – has been awarded a patent for its groundbreaking financial reporting software (U.S. Patent No. 9,020,946).
Available in the Intuit App Center, the company’s innovative software solves a problem that has plagued the accounting industry since it first began using computers – How to quickly gather and digest financial reports from multi-site businesses that are using different accounting programs.
Qvinci is cloud-based financial reporting and business intelligence software that can sync and consolidate thousands of different QuickBooks files in seconds. For as low as $4.95/file/month Qvinci allows entities with multiple locations to automatically collect financial data from all locations on a daily basis, compare locations’ performance side-by-side, consolidate financial statements using a Standardized Chart of Accounts, and rank / benchmark locations against top performers on a line-item basis.
Qvinci’s dashboard also allows users to filter by non-financial categories such as how long a location has been open, square footage and staff size.
According to Qvinci CEO and inventor Charles Nagel, this first-of-many patents in Qvinci's pipeline underscores the company's commitment to using technology to solve complex financial consolidation and reporting issues for multi-unit operators such as franchises and accountants with multiple clients.
“Our unparalleled ability to automatically gather and consolidate disparate financial files in seconds is a game changer. It allows our customers to focus on growing their business instead of spending their time tracking down files from all over the planet,” Nagel said.
The features and benefits of Qvinci’s software solution include: up-to-date visibility into revenue, expenses and cash for all locations; benchmarking, ranking and trending reports; email alerts; web-access with unlimited logins; and, other tools designed to help multi-location and multi-client businesses gather and digest financial reports.
Qvinci Software meets the needs of a wide range of customers including: franchisors; accountants and bookkeepers; multi-business enterprises and small to medium businesses; non-profit and religious organizations; banking and investment companies; and, multi-unit franchisees.
The issued patent includes, among other things, methods and web-based apparatus for the compilation and generation of easy-to-understand financial reports that are compiled from accounting records from a number of differing locations.
The technology behind these features is described in U.S. Patent No. 9,020,946 as well as a variety of other applications that are currently pending worldwide. Inventing and patenting key enablement technologies is integral to Qvinci’s long-term strategy for providing cutting-edge financial reporting solutions through investment, innovation, research and development.