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Qvinci

Qvinci

Overview

What is Qvinci?

Qvinci is a reporting and analytics platform designed to assist businesses in gaining insights into their financial data. According to the vendor, Qvinci offers customizable reports, data synchronization, file scanning, and other features to streamline financial reporting and analysis. It caters to...

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Recent Reviews

TrustRadius Insights

Robust Functionality: Several users have praised the software for its robust functionality, finding it to be comprehensive yet manageable. …
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Pricing

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What is Qvinci?

Qvinci 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®. Qvinci technology empowers decision-makers…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

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What is Vena?

Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.

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Product Details

What is Qvinci?

Qvinci is a reporting and analytics platform designed to assist businesses in gaining insights into their financial data. According to the vendor, Qvinci offers customizable reports, data synchronization, file scanning, and other features to streamline financial reporting and analysis. It caters to businesses of all sizes, from small startups to large enterprises, and is utilized by accounting and bookkeeping firms, franchise businesses, retail and hospitality industries, professional services, and non-profit organizations.

Key Features

Account Mapping Automation - Standard Chart of Accounts: Qvinci provides automated account mapping, enabling users to align their accounts with a standard chart of accounts. This feature aims to enhance consistency and accuracy in financial reporting.

Administration - Manager Portal (3 Status Fields, 2 Notes Fields, Enhanced Workflow): Qvinci offers a manager portal equipped with three status fields and two notes fields, facilitating efficient workflow management. Users can easily track task statuses and collaborate effectively, as claimed by the vendor.

Administration - Permission-Based User Management: Qvinci enables permission-based user management, empowering administrators to control access and assign specific roles and permissions to different users. This feature enhances data security and mitigates the risk of unauthorized access.

Alerts - Daily and Weekly Financial Snapshot Emails: Qvinci provides alerts through daily and weekly financial snapshot emails. Users can stay informed about key financial metrics and receive timely updates on their business performance, according to the vendor.

Data Storage - Up to 36 Months: Qvinci offers data storage capabilities for up to 36 months, allowing users to retain and access historical financial data for analysis and comparison purposes. This feature enables long-term financial insights and trend analysis, as claimed by the vendor.

Data Synchronization - Automated (Daily) and Manual: Qvinci supports automated data synchronization on a daily basis, ensuring that financial data is always up to date. Users also have the flexibility to perform manual data synchronization as needed, providing real-time insights.

File Scanning - Identify Accounting Discrepancies: Qvinci includes a file scanning feature that identifies accounting discrepancies. It scans financial files and highlights any inconsistencies or errors, enabling users to promptly address and resolve issues.

General Ledger - Drilldown from Qvinci Reports: Qvinci allows users to drill down into the general ledger directly from the generated reports. This feature enables a detailed analysis of specific transactions and their impact on financial statements, as stated by the vendor.

General Ledger - View from Qvinci Portal: Qvinci provides the capability to view the general ledger directly from the Qvinci portal. Users can access and review detailed financial information without the need for additional software, according to the vendor.

Journal Entry - Creation and Approval Management: Qvinci facilitates the creation and management of journal entries within the system. Users can easily create journal entries, assign them for approval, and track their progress, as claimed by the vendor.

Qvinci Videos

2 minute explainer
An introducting to Qvinci for Accountants

Qvinci Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Robust Functionality: Several users have praised the software for its robust functionality, finding it to be comprehensive yet manageable. They appreciate that they don't have to spend time searching through the help menu to understand each feature.

Effective Consolidation Process: Some reviewers mentioned that as long as the consolidation process is straightforward, the software effectively meets their needs. This indicates that QVinci simplifies and streamlines the financial data consolidation for users.

Helpful Dashboards: Many users found the dashboards provided by QVinci to be ultimately helpful. The software's ability to collate all different workbooks into one makes it easier for users to access and analyze data efficiently.

Cons:

  1. Inconsistent Consolidation: Some users have mentioned that depending on how consolidation is done, the software may or may not meet their needs. They suggest that using only parts of the package might make sense if consolidation is done on a reporting level.
  2. Lack of Communication and Updates from Customer Service: Several reviewers express dissatisfaction with customer service, specifically mentioning unfair billing practices and a lack of communication or updates from the company.
  3. Time-consuming Financial Updates: Business owners with multiple responsibilities find it time-consuming to update their financials and create reports. While they acknowledge that it's not Qvinci's fault, they mention that they don't fully benefit from the software unless they complete a separate process beforehand.

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