The single-unit operator can benefit greatly from having easy visibility to his or her current financial data and the other powerful features Qvinci delivers, such as early-warnings and email snapshots and reports.
Austin, TX (PRWEB) March 14, 2013
Qvinci Software is making available to the small-business community a free version of Qvinci, its flagship, cloud-based financial reporting and business-intelligence application.
Qvinci syncs and consolidates data from QuickBooks and other sources and provides an enterprise-class interface to permit users to see both top-line and line-item data, make comparisons, spot problem areas early, identify best practices, and extract intelligence to boost revenue, run leaner, and optimize the performance of the enterprise for stronger profitability and competitive advantage.
Charles Nagel, CEO of Qvinci Software, stated, “Our paid versions of Qvinci, called MULTI and ENTERPRISE, allow the client to consolidate data from many files, compare units by location, organize units by custom filters, and in the case of ENTERPRISE, benchmark against the top units and the average, and rank locations by performance.”
“The business with one location does not need the consolidation and comparison capabilities. But the single-unit operator can benefit greatly from having easy visibility to his or her current financial data and the other powerful features Qvinci delivers, such as early-warnings and email snapshots and reports.”
“Our version of Qvinci for these businesses is called SOLO. We’ve made it available at no charge, to help as many of the “mom and pop” businesses as possible gain control over their financial and operating data and gain an edge in what is still a shaky economy.”
Nagel added, “Small business is a critical, hugely-significant component of America’s economic engine. Our mission is to help every small and mid-size business run more profitably by providing a platform to see and act intelligently on dynamic financial information. Far too many businesses have no idea where they stand financially at any given moment or how to use the data they do have to improve the bottom line. We’ve changed the paradigm.”
In a recent study cited by Qvinci Software, business units with the best operational accounting (simply having current, accurate financial and operating data in a format that is understandable and usable) increased net operating income margin by 35% and revenue by 17%. In actual dollar amounts, NOI of the financially-diligent group was a whopping 58% higher.
Qvinci SOLO automatically syncs data from QuickBooks into a dashboard that allows the user to generate P&L, Balance Sheet, and Cash Flow Statements, as well as see Sales by Customer, Expense by Vendor, and AR/AP Aging Reports. Items are mapped into a standard chart of accounts. Reports can be run over a wide range of time periods. With a click, the user can see all critical financial ratios, based on current data. The user can set up early-warning indicators to be alerted if revenue or expenses are headed off track, so there is time to act and correct before the end of the period. The user can receive financial snapshots and reports via email on a daily and weekly basis.
A new budgeting tool will be added to all Qvinci products in early April, including SOLO. The budgeting tool will give users the ability to project future performance based on past results, automatically, month by month, out to 24 months. Users can also create a custom budget and compare actual results to the budget, including the amounts of variance.
In the future, SOLO users may upgrade to ENTERPRISE to benchmark against their peers by SIC code and geographical filters – using dynamic data. This ability will be a significant improvement over the current options available to them (none, or using stale, over-generalized, and over-priced data).
Qvinci SOLO changes the game and levels the playing field for the small guy. SOLO delivers the power of an enterprise application while being easy to set up and use. And best of all, it’s free.
About Qvinci Software:
Qvinci Software is the creator of Qvinci®, an industry-leading, cloud-based solution that automatically syncs and consolidates an unlimited number of QuickBooks® files and other data, wherever located, in seconds, in an enterprise-class interface that gives the user a vast array of tools to analyze and act on the data, for better decisions and competitive advantage. Intuit® has selected Qvinci® as the financial reporting/business intelligence application for its Franchise Solution Program.
2-minute explainer: http://www.qvinci.com/intro
Test drive: http://bit.ly/QvinciDemo (live sample account)
James Wallace at jamesw(at)qvinci(dot)com or 512-585-6019
Qvinci is a registered trademark of QuickDash, LLC, dba Qvinci Software.