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Intuit releases enterprise suite of financial products to tap new customers
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Intuit releases enterprise suite of financial products to tap new customers
Sep 17, 2024 6:06 AM

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.

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