Name: An Introduction to Qvinci for Accountants
Uploaded: 2017-01-17T21:28:11.000Z
Duration: 7 min 48 s
Description: An introducting to Qvinci for Accountants

Customer Success Management Training

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Accessibility Testing

Beta Testing

Feature Management

Functional Testing

PHP Frameworks

Virtual Reality

Development

Online Proctoring Software

Virtual Classroom

Education

Business Intelligence (BI)

Calendar

Collaboration

Demand Planning

Document Generation

Emissions Management

Intellectual Property (IP) Management

Whistleblowing

Enterprise

Accounting

Accounts Payable

Travel Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

API Management

Cloud Storage

Configuration Management

Custom Software Development Services

Enterprise Printing

Fraud Detection

Integration Platform as a Service (iPaaS)

Managed Detection and Response (MDR)

Managed Public Cloud Infrastructure

Network Behavior Analysis

Network Performance Monitoring

Open-Source Database

Scale-Out Storage

Storage as a Service (STaaS)

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Employee Advocacy

Market Research

Marketing Attribution

Marketing Automation

Press Release Management

Product Intelligence

Social Media Management

Survey & Forms Building

Video Streaming

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Incentive Compensation Management

eCommerce Analytics

Sales

Cloud Security Posture Management

Security

Aviation

Church Management

Equation Editors

Financial Services CRM

Internet of Medical Things

Physical Therapy

Revenue Cycle Management (RCM)

eDiscovery

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Fathom

The Access Group

Oracle Hyperion

Discontinued Products

Budgyt

LivePlan

Palo Alto Software

Sage Intacct Planning

Sage

Float Cash Flow

Float Yard Ltd

Euna Budget

Euna Solutions (Formerly GTY Technology)

Jirav

Brightly Predictor™

Brightly Software

Reach Reporting

Syft Analytics

Planful

QuickBooks Online

QuickBooks Desktop Enterprise

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.

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.

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 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 and their trusted advisors with secure and automated “ERP-like” functionality. These solutions allow executives to monitor and compare the financial performance of single and multi-unit businesses by providing them access to financial reporting and data to drive operational efficiencies.

Fathom is a management reporting, forecasting and financial analysis tool from the Access Group. It helps users to assess business performance, monitor trends and identify improvement opportunities. Fathom combines business planning with simple three-way cash flow forecasting.

Starter

Silver

Gold

Platinum

SAP S/4HANA Cloud

Qvinci

Budgeting and Forecasting

Qvinci Software

An introducting to Qvinci for Accountants

An Introduction to Qvinci for Accountants

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

Long-term financial planning

Financial budgeting

Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.

Forecasting

Combining actuals and budgets, rolling forecasts, driver-based models.

Scenario modeling

Financial or operational modeling of alternate future states and planning for each.

Management reporting

Budget vs. actual or forecast, P&L’s, performance over time, between products etc.

Budgeting Tools

Allot financial resources to guide your organization's spending

Automated Budgeting

Automated reporting and cash flow tracking reacts to real-time changes to more efficiently plan budgets.

Financial Planning Collaboration

Collaboration tools coordinate finance team members’ budgeting-related task completion through file sharing and chat features.

Budget Customization

Customizable templates and forms for performance visualization

Departmental Budgeting

Division of budget across multiple departments according to an individual team's spending and resources.

Import & Export Tools

Importing of financial data to accurately budget resources and exporting of reports to share across your organization.

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

Personalized dashboards

Create custom dashboards and reports without the help of IT or administrators.

Color-coded scorecards

Track and analyze performances with interactive, color-coded balanced scorecards.

KPIs

Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.

Cost and profitability analysis

Cost and profitability analysis provides data for business decision making.

Benchmarking with external data

CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.

Revenue Forecasting

Key Performance Indicator setting

Ability to set key performance indicators for measuring progress towards goals.

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Budgeting and Forecasting Software

Qvinci

Overview

What is Qvinci?