First Patent Awarded to Qvinci Software

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The patent contains technologies, processes and algorithms related to automatically gathering, consolidating and manipulating disparate financial files.

Financial File Consolidation and Reporting Solution
Our unparalleled ability to automatically gather and consolidate disparate financial files in seconds is a game-changer.

Qvinci® Software, an Intuit® Franchise Program reporting partner, is proud to announce that its groundbreaking state-of-the-art financial reporting solution has been awarded a United States patent (U.S. Patent No. 9,020,946). Qvinci’s innovative software solves a problem that’s plagued the industry for years – how to quickly gather and digest financial reports from multi-site businesses that may be using different accounting programs. 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.

Qvinci’s financial reporting platform consolidates multiple accounting files for organization-wide visibility in a consolidated or side-by-side view. Qvinci further provides dynamic mapping to a standard chart of accounts, automated syncing and benchmarking features to ensure timely, actionable data. 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.

According to Qvinci CEO and inventor Charles Nagel, this first of many patents in Qvinci's pipeline underscores the company's strong 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,” said Nagel.

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. Qvinci can connect with and supports a mixture of a wide range of accounting file types including QuickBooks® Online, QuickBooks® Pro/Premier/Enterprise 2009+, Xero®, MYOB®, Excel® and can be customized to support numerous other accounting files and systems.

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Suzanne Corbo
Qvinci Software
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