Intuit moves into mid-market
Intuit UK managing director Stephen Lee today revealed the SME software vendor was planning to expand into the mid-market.
Intuit UK managing director Stephen Lee today revealed the SME software vendor was planning to expand into the mid-market.
Lee was speaking as Intuit bosses in the US outlined plans to for the company, including a ‘right for my business’ strategy to better address small business management. Currently, Intuit produces QuickBooks and Quicken – accounting software for small businesses – and has been challenging Sage’s dominance in that market.
‘We are excited by the opportunities in the small and medium-sized UK business accounting software markets,’ said Lee.
‘Our immediate plans in the UK will be to concentrate on building on oursuccess in the UK small business accounting software market. We lookforward later to exploring the great opportunities that exist in taking oursuccessful proposition of accessible and well-featured software to themedium-size market,’ he added.
The company’s right for my business strategy involves three strands. The first is for it to deliver industry-specific solutions to industries such as construction and retail.
The second element is developing accounting solutions for biggerbusinesses, while the third is to expand beyond accounting software, and offer additional business management tools and services.
San Francisco-based Intuit last month reported losses in both its fourth quarter and annual results, despite healthy increases in revenue.
Links
Intuit in the red despite sales growth
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article