Qvinci

Qvinci

  • FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    TX
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Qvinci is a cloud-based financial reporting solution from the Intuit App Store that offers enterprise-level functionality. Qvinci connects to the accounting system and automates the data collection and consolidation process to offer up-to-date financial reporting from multiple sources such as franchises, accountants, financial advisors, associations and nonprofits. The Qvinci application is organized into a hierarchy with three levels: Accounts, Companies and Locations. Accounts are at the top of the hierarchy. Individual accounting files are tied to Locations. Qvinci is a patented extension to QuickBooks, MYOB, Xero and Excel that delivers automated consolidation, syncing and mapping to a SCoA. Qvinci supports multi-currency conversions for QuickBooks Desktop and utilizes XE for conversion rates.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Anytime Fitness, the Dwyer Group, the Archdiocese of Baltimore
EXISTING PARTNERSHIPS:
TSheets
PRIMARY PROBLEM SOLVED:
The ability to efficiently gather and digest financial reports from multi-site businesses that are using different accounting programs. Qvinci is able to consolidate financials even if each contributor uses their own account names and line items. Qvinci’s patented account mapping functionality allows administrators to map line items to a standard form for consolidated reporting while still maintaining files in their native form.

PEOPLE

MEDICI analysts will analyze Qvinci soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$5.8 Millions
DATE OF LAST FUNDING:
2016
SEED & PRIOR FUNDING:
$5.8 Millions
SEED CLOSED ON:
Feb 2016
SEED PRIOR FUNDING COMMENT:
Cumulative funding indicated
LISTED:
NO

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