Meet The Supplier: Qvinci

Qvinci is a provider of cloud-based financial reporting, business intelligence, data collection, consolidation, mapping and workflow management solutions for the accounting, franchising and multi-unit business markets who use QuickBooks, Xero and Excel.

The History of Qvinci

About 15 years ago, turnaround consultant Charles Nagel, the founder of Qvinci, wanted to confront the challenge of managing multi-unit organizations. He invented and eventually patented the concept of automating the collection, consolidation and mapping of franchise owner data to brand defined standards. 

Qvinci emerged as a tool to empower franchise owners and franchisees with “actionable financial insights that everyone understands.” Early on, the brand saw the disconnect between the collaborative relationship that a franchisor should have with a franchisee. One of their goals was to foster a collaborative working relationship and help brands move away from the "big brother" syndrome. This means that, when a franchise owner connects to Qvinci, it's not just for the franchisor's benefit. The franchisee gains access to robust financial tools for themselves, such as reporting, benchmarking and budget tracking. 

How Qvinci Stands Out

Qvinci's ongoing commitment to simplification and collaboration has positioned them as leaders in franchise financial technology. Its solutions allow executives to monitor and compare the financial performance of single- and multi-unit businesses by providing them access to intuitive financial reporting and actionable data, resulting in improved operational efficiencies and increased profitability.

For example, Qvinci offers:

• Improved visibility
• Automated reporting
• Secure portal
• Daily syncs
• Error detection
• Business intelligence
• Workflow management
• Unlimited free users

The capabilities found in Qvinci integrate with platforms such as QuickBooks, Xero, MYOB and Excel to ensure users have access to the most up-to-date and accurate financial data possible. The patented technology can save users significant amounts of time by automating the manual tasks that are traditionally associated with financial reporting. 

Why Franchisors Should Choose Qvinci

Qvinci offers franchisors a powerful suite of tools that can revolutionize the management and success of their franchise network. With Qvinci for Franchises, franchisors gain a comprehensive landscape view of all their units, providing essential oversight for multi-location operations. The ability to drill down to detailed reports for each unit ensures a deep understanding of individual performance, facilitating data-driven decision-making.

Franchisors can also harness an extensive array of intelligence features to identify and promote best practices, making it effortless to conduct in-depth performance comparisons and uncover cost-saving opportunities. Additionally, customizable key performance indicators (KPI) metrics help align each unit's goals with the broader franchise objectives. Franchisors can easily access benchmarking and ranking reports, facilitating real-time performance evaluations against industry standards.

Furthermore, Qvinci's proactive approach aids in early risk detection, improves fraud prevention and keeps franchises audit-ready at all times. Backed by patented technology, Qvinci is a partner that can identify and solve problems that help ensure the success and longevity of a franchise network.