Sept 17 (Reuters) - TurboTax maker Intuit said
on Tuesday it has released a new customizable enterprise suite
of its financial products in the United States to capture new
customers looking for an all-in-one solution for managing their
financial needs.
Enterprise customers are increasingly looking to invest in
AI-powered platforms that integrate various products of their
choice into a single solution, and help them automate key
processes including finance and accounting.
The Mountain View, California-based company's products,
including the personal finance portal Credit Karma and the
accounting software QuickBooks, can be integrated into the
contract-based enterprise suite.
"We think this is going to be a big part of our business
moving forward," said Laurent Sellier, senior vice president,
QuickBooks Mid-Market and Workforce Solutions at Intuit.
It will cost about $7,800 for a company that has a single
business operation, while it will cost about $12,000 for a
company that has multiple business operations under one
corporation annually, Sellier said.
Intuit had forecast fiscal 2025 revenue above analysts'
estimates last month. It had also announced letting go of 1,800
employees or 10% of its workforce in July, as it steered major
investment toward AI.