Financial Reporting Pioneer Strengthens Position as Industry Leader
Austin, Texas-based Qvinci Software has received a second patent from the US Patent and Trademark Office. This patent strengthens Qvinci's already industry leading financial consolidation, reporting and benchmarking solution.
- Austin-San Marcos, TX (1888PressRelease) December 20, 2016 - Qvinci® Software has further cemented its position at the top of the financial reporting industry with the acquisition of a second United States patent.
Qvinci's state-of-the-art reporting platform consolidates multiple accounting files from different locations or sources for organization-wide visibility in a consolidated or side-by-side view. It also provides dynamic mapping to a standard chart of accounts, automated file syncing, trial balance syncing, peer forecasting, budgeting and benchmarking features to ensure timely, actionable data.
The patent includes, among other things, methods and apparatus for the compilation of accounting records for the generation of easy-to-understand financial reports. The technology behind Qvinci's financial reporting platform is described in U.S. Patent No. 9,020,946 (click to read PDF) and U.S. Patent No. 9,483,799 (click to read PDF) as well as in a variety of other applications that are currently pending worldwide.
Inventing and patenting key enablement technologies is integral to Qvinci's long-term mission and strategy of providing cutting-edge financial reporting solutions through investment, innovation, research and development.
According to inventor Charles Nagel, this second-of-many patents reinforces Qvinci's commitment to providing advanced ERP-like financial reporting solutions to its clients.
"Our unique 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.
Qvinci meets the needs of a wide range of customers including franchisors, multi-unit franchisees, accountants and bookkeepers, multi-business enterprises, small to medium business, associations, nonprofits and religious organizations, banking and investment companies.
The features and benefits of Qvinci's software solution include near real-time visibility into revenue, expenses, and cash for all reporting locations. It also offers benchmarking, ranking, forecasting and trending reports, email alerts, web-access with unlimited logins, as well as other tools designed to help multi-location and multi-client businesses gather, sync, build, template and publish automated financial reports across thousands of locations or client businesses.
Qvinci can connect with and support 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. QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise 2009+, Xero, MYOB, Excel are trademarks of their respective holders.
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