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<a href="https://franchises.qvinci.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=meet-the-supplier-qvinci-2723664" target="_blank" rel="nofollow">Qvinci</a> 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.<h3>The History of Qvinci</h3>About 15 years ago, turnaround consultant&nbsp;<a href="https://www.linkedin.com/in/charlesnagel/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=meet-the-supplier-qvinci-2723664" target="_blank" rel="nofollow">Charles Nagel</a>, 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.&nbsp;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.&nbsp;<h3>How Qvinci Stands Out</h3>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:<ul><li>Improved visibility</li><li>Automated reporting</li><li>Secure portal</li><li>Daily syncs</li><li>Error detection</li><li>Business intelligence</li><li>Workflow management</li><li>Unlimited free users</li></ul>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.&nbsp;<h3>Why Franchisors Should Choose Qvinci</h3>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.

Meet The Supplier: Qvinci

1851 Franchise

This franchise supplier was designed to give franchisors and franchisees ‘actionable financial insights that everyone can understand.’ 

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Melting Pot

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Lexington Herald Leader: This Restaurant Chain Eyes a Return to Lexington After 10 Years

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Keke's Breakfast Cafe

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Empowering Leadership, One Pancake at a Time: How John and Kimberly Ehrhard Are Building a Franchise Legacy with Keke’s Breakfast Cafe

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Meet The Supplier: Qvinci

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