#United States #Austin #Business Intelligence #Qvinci Software #multi-location data processing

Qvinci Unveils Revolutionary Patent in Automated Data Processing

In a significant advancement for operational performance management, Qvinci Software has announced the issuance of a new patent that enhances its reputation as a leader in automated financial and operational technology. This groundbreaking patent tackles the long-standing challenges faced by multi-location organizations struggling with disparate data processing and business intelligence.

The Power of Automation

Qvinci's latest innovation revolutionizes how organizations handle disparate data. Unlike traditional methods that often merely gather and format information, this patented technology provides a sophisticated system that automatically normalizes data from multiple locations. It tackles issues such as inconsistent charts of accounts and varying data formats, streamlining the process into a cohesive framework.

Brad Adams, President, CEO, and Chairman of Qvinci emphasized, "This patent solidifies our mission to replace tedious manual processes with intelligent automation. Our technology liberates business leaders by providing clarity and speed in decision-making, allowing them to focus on improving performance rather than just preparing reports."

A Legacy of Innovation

This patent adds to a portfolio of accolades that Qvinci has received over the years and speaks to its commitment to innovation. The technology behind the patent has been applied effectively in the popular KPI Scorecard, a widely utilized tool for franchise brands, accountants, and multi-location organizations. This tool has historically been labor-intensive due to the need for manual data gathering and analysis. However, with Qvinci's newly patented engine, users can automate this process completely, saving both time and reducing the risk of errors.

Simplifying Financial Performance Management

The KPI Scorecard is illustrative of how Qvinci's patent impacts the industry. Traditionally, creating a multi-location KPI scorecard meant gathering dozens or even hundreds of profit and loss statements, performing laborious checks to identify which locations had relevant activities, and calculating various performance indicators. This approach is not only time-consuming but also challenging to scale, leading many organizations to seek more effective solutions.

Charles Nagel, Qvinci's Founder and CTO, explains, "With the introduction of our KPI Scorecard, the hours of manual labor required to aggregate, normalize, and compare each location's performance metrics have been eliminated. Users simply define their desired metrics, whether they be about revenue streams or performance ratios, and our technology delivers accurate, actionable insights instantly."

Dynamic Data Presentation

Once the data from all synced locations is retrieved, Qvinci's system dynamically populates a structured, color-coded scorecard that highlights key metrics. This process is powered by the newly patented heuristics, which enable the technology to:

• - Instantly identify which location accounts are relevant to specific metrics
• - Group related but disparate data, catering to variations in naming conventions
• - Maintain consistent KPI formats even when data sets fluctuate month after month

Conclusion

As Qvinci Software continues to push the boundaries in financial performance management, its latest patent serves as a testament to its innovative spirit and commitment to customer empowerment. The impact of this technology promises not only to streamline financial data processing but also to enhance the overall operational efficiency of multi-location businesses.

To explore Qvinci's offerings further or to schedule a demo, visit www.qvinci.com.

About Qvinci

Qvinci stands at the forefront of financial performance management, offering tools and technologies that provide clear, actionable insights for professionals across various sectors including franchises and multi-entity organizations. Its automation solutions significantly enhance the way organizations consolidate and interpret their financial data, fostering better compliance and profitability.