Intuit releases enterprise suite of financial products to tap new customers
Sept 17 (Reuters) -TurboTax maker Intuit INTU.O 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.
Reporting by Jaspreet Singh in Bengaluru; Editing by Vijay Kishore
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