TURBOTAX maker Intuit said on Tuesday (Sep 17) it has released a new customizable enterprise suite of its financial products in the US 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 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 US$7,800 for a company that has a single business operation, while it will cost about US$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 per cent of its workforce in July, as it steered major investment towards AI. REUTERS
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