LEVERAGE THE POWER OF THE NETWORK TO BENCHMARK & BETTER UNDERSTAND YOUR FINANCIALS
By: Craig Gjelsten
A t Mr. Electric®, we’re always on the lookout for ways to support our franchisees and help you grow your business. In keeping with that philosophy, we’re pleased to offer you immediate integration with Qvinci Software. Qvinci is a software provider that works with many franchise systems, providing “dashboard” comparative financial measures across all locations. Once implemented, this system will extract financial measures from your operations and anonymously compare them to franchises of similar size and geographic area. We will be providing this valuable reporting to you at no additional cost as this is included as part of your technology package. Approximately one-quarter of our franchisees have already signed up for this important program and more are coming on board every week. We need you to participate as well so that we can capture more meaningful data across the network, making this program more valuable to everybody. Qvinci Software automatically consolidates accounting files from different locations into a Standard Chart of Accounts, providing franchisees with instant, custom financial reports and benchmarking insights based on peer analysis. Having invented this technology, Qvinci is the only company offering this game-changing solution and we’re excited to be offering it to our franchisees. With Qvinci, you will be able to: • Access insightful reporting and game-changing analysis via the web.
• Create unique and relevant reporting structures. • Catch accounting errors as they occur. • Access up to 36 months of data from any device. • Create custom reports to identify potential opportunities for growth. • Consolidate all of your financials into easily digestible reports. • Automatically collect financial data from all locations on a daily basis. • Anonymously view your rank within the Mr. Electric network of franchisees. • Compile up-to-date reports without having to go through your accountant. Why this is good for you? Set-up is quick and easy. Impact is immediate. Can other owners see your financials? No. Your data is strictly anonymous to other owners. Only averages of Mr. Electric business results are viewable for comparisons. What if you do your accounting a little differently? What one franchisee calls rent, another might call a lease. Qvinci manages account-name variations with ease so you will only see apples to apples comparisons without having to change how you do your books. Now what? We’ve put a lot of time and effort into researching Qvinci and making sure it performs as advertised. All you need to do now is give us a call so that we can schedule a quick meeting for your Qvinci account setup. Please contact your Franchise Consultant to facilitate a date and time to get you set up. The entire process takes less than 15 minutes.
• Compare your business results with the anonymous averages of the Top 10 percent performers of Mr. Electric . • Stay on top of key performance indicators with email alerts and an intuitive interface.
POWERLINE® | EDITION 1 2017 9
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