“Having access to this level of financial reporting is very exciting for all of us. Our practices can easily slice and dice the data to get what they need to operate at an optimal level. Qvinci has helped us take the entire organization to a whole new level.”
Why did Tralongo partner with Qvinci?
Prior to 2014, we were able to operate with QuickBooks alone. At that time, we owned 10 dental practices and managed six strategic alliance partner offices. It was time-consuming but manageable. As we started to add more locations to our network, we knew almost immediately that things had to change. We needed to find a way to share financial information with our partners without giving them access to QuickBooks on our server for security reasons.
What did you use before Qvinci?
We exported from QuickBooks to Excel and sent our partners the Excel financial statements monthly. It was difficult to consolidate data from different locations because various charts of accounts were being utilized for each location. We are different from most dental service organizations because we show our dentists how to get out of the chair and manage their practices more efficiently. We teach them how to acquire and manage multiple practices which includes the significant aspect of understanding financials.
Where is Qvinci helping you the most?
There are many things about Qvinci that help our business and provide our partners with easy access to their financial information. First and foremost is the ability to map the various charts of accounts. By converting to a standard mapping, we can compare apples to apples for financials across the entire system. Additionally, due to Qvinci’s mapping concept, we can report financial statements for consolidated groups instantaneously. This makes it easy to run the reports we want to see. The ranking and benchmarking features are also very useful for our partners to gauge how well they are doing compared to others in the industry. With the newest Qvinci reporting features, we have programmed a customized dashboard that reports on Dr. Ken Tralongo’s key financial metrics that he has used for over 20 years. Now, at a quick glance, we are able to see which locations are achieving those key performance indicators on a timely basis.
In a growing company like ours that started with QuickBooks, we did not want to move to costly enterprise resource planning system and Qvinci allows us to manage our reporting needs cost-effectively. It helps us keep the entire organization on track and headed in the same direction. I don’t know how we could have scaled our financial reporting this quickly without it.
How many locations use Qvinci?
All of them. All our partners are utilizing Qvinci and many also authorize their office managers and their certified public accountants to have access to it as well for real-time financial data. We love it. Having access to this level of financial reporting is very exciting for all of us. Our practices can easily slice and dice the data to get what they need to operate at an optimal level. Qvinci has helped us take the entire organization to a whole new level.
On a scale of 1-10, how valuable is Qvinci to Tralongo?
It is hard to imagine trying to take care of our reporting needs without Qvinci … so, it’s a 10. On top of that, the customer support is just awesome. I’ve dealt with a lot of vendors during my career and Qvinci’s customer success team is one of the best I’ve ever worked with. On a scale of 1-10, they deserve an 11.