Consolidated Franchisee Reporting with Qvinci

Your Franchisees are busy running their franchise(s) and handling day-to-day operations. Reporting financial data usually consists of:

• Waiting until the month is closed
• Running various reports within QuickBooks
• Dumping the reports to Excel
• Emailing, faxing or mailing the results to the Franchisor

Then it is the Franchisor’s job to consolidate all the incoming reports into a meaningful collection. However, reports are often:

• Late
• Incomplete
• In different formats
• Based on different Chart of Accounts

Receiving this data once per month or well after a month has closed has limited value. Qvinci solves these problems automatically. Our sync technology will collect QuickBooks data from thousands of locations and consolidate it into an easy to use web reporting tool.
Syncs can be scheduled for every night so that Franchisors and Franchisees:

• Never have to create or transmit a report
• Have reports that are updated daily
• Have instant visibility to all reports via the web without the need to run QuickBooks
• Save time and money
• Make better, more informed decisions

The Problem:

Most Franchisee’s will be based on different charts of accounts. It would be impossible to standardize this amount of data on a daily basis, especially across many QuickBooks files. Not so with Qvinci.

The Solution:

You can map incoming QuickBooks charts of accounts to standardized destination accounts. This allows for apples-to-apples comparisons and reports. Select between the incoming “organic chart of accounts reports” or “standardized chart of accounts report” with a simple click of a checkbox.

The Result:

Not only a massive time and cost savings for the Franchisor, but also the facilitation of real-time, complex reporting on a daily basis. Without Qvinci's patent pending account mapping feature, daily standardized reports would be virtually impossible.