TechnologyIntuit problems sees rival Sage’s shares increase

Intuit problems sees rival Sage's shares increase

Online power problems at accountancy software business Intuit sees customers threatening to leave for more traditional on-premise technology. Sage boosted by rival's problems

Power supply problems to accountancy software business Intuit, has seen its
rivals Sage reaping the benefits.

Intuit, which provides both online and on-premise software to customers, has
been hit with a series of power failures affecting its US internet components –
meaning customers were having difficulty filing tax returns and accounts online.

Sage, as the main competitor to Intuit, saw its shares rise 3p to 248p on the
back of the news.

Although the system is currently up and running, having suffered problems
over the last two days, customers remain “furious” and have threatened to leave
QuickBooks, Intuit’s main accountancy software, according to
The
Times.

Compared to Sage, Intuit currently has more applications that are internet,
or “cloud”, based which has highlighted some of the concerns customers have
regarding online technology.

Further reading:

Intuit
back online after power failure cuts services

QuickBooks
upgrade focuses on accountants

Sage
profits up

Related Articles

Open Banking: an interview with Xero

Business Open Banking: an interview with Xero

3m Lucy Skoulding, Reporter
How the fourth industrial revolution is impacting accountancy

Technology How the fourth industrial revolution is impacting accountancy

3m Lucy Skoulding, Reporter
Navigating the changing landscape of UK business at Sage Summit UK

Accounting Software Navigating the changing landscape of UK business at Sage Summit UK

1y Emma Smith, Managing Editor
Digital platform launched to reveal how a business is viewed externally

Company News Digital platform launched to reveal how a business is viewed externally

2y Acccountancy Age
BDO's 'agility' makes it well placed to succeed - Eagland

Accounting Firms BDO's 'agility' makes it well placed to succeed - Eagland

2y Kevin Reed, Writer
Xero launches global partner programme expansion

Accounting Software Xero launches global partner programme expansion

2y Stephanie Wix, Writer
CIMA: Accountants confident robots won't take their jobs

Technology CIMA: Accountants confident robots won't take their jobs

2y Accountancy Age, Reporters
Sage hit by client data breach

Accounting Software Sage hit by client data breach

2y Richard Crump, Writer