QuickBooks Online, No.1 in cloud business and financial management for Small Businesses, Available in India
Created Exclusively for Small Businesses to make Quick, Data–driven Decisions
BANGALORE, India | October 30, 2012
Intuit Inc. (Nasdaq: INTU) today announced the availability of QuickBooks Online, the leading business and financial management software for small businessesin India. QuickBooks helps small businesses stay on top of their finances by providing powerful insights for quick and informed decisions, anywhere and anytime from an internet connected computer or data plan enabled smart phone.
QuickBooks Online lets small businesses easily create localized invoices, pay bills and track expenses. The easy–to–use, cloud–based service needs no professional training and allows the small business owner to take data–driven business decisions on the move.
QuickBooks Online continues Intuit’s long standing legacy of working with customers to understand their needs and build solutions based on their feedback. It is designed to help small businesses take quick financial business designed and is optimized for anytime, anywhere usage. Currently, QuickBooks Online has 1. 3 million users world wideand is available in 150 countries. The product is developed by Intuit Inc., maker of the popular QuickBooks desktop software and the provider of connected services trusted by more than 60 million customers.
Nikhil Arora, Vice President and Managing Director of Intuit India, said:
“In today’s dynamic business environment, it is imperative for small business owners in India to focus on growing their business rather than accounting and bookkeeping. QuickBooks Online was developed to function like their true business manager, providing the right insights to take quick data–driven business decisions.”
“We want to be the end–to–end solutions provider for India’s small business eco system. In the next 10 years, we want one in four small businesses in India to use Intuit’s products. With some million broadband–connected small businesses, India offers huge growth potential for cloud–based services.”
Focused on the critical needs of small businesses,QuickBooks Online provides a detailed portrait of the business finances in one place so small businesses can focus on their customers and growing their business. QuickBooks Online helps small businesses:
Small businesses in India that have been using the QuickBooks Online are deriving benefit as they have found it is helping them manage their business finances more efficiently.
“QuickBooks Online has the best features we were looking for; we don’t have to worry about dealing with different currencies or look for data from multiple excel sheets,” said Abhijeet Singh Chauhan, Managing Director, OneTen.in. “QuickBooks Online has become an integral part of our business processes. We are using it today as, to track orders, generate invoices record payments for preparing our taxes and as a customer relationship management tool.”
Intuit’s Presence in India
Intuit has invested extensively to deeply understand the challenges and opportunities of India’s economic ecosystem through its association with the Ministry of Micro, Small and Medium Enterprises, or MSME, and 5,000 follow–me–home visits to observe customers using the product.
A recent study conducted by Intuit with support from the MSME, the National Institute of Entrepreneurship and Small Business Development, and the National Small Industries Corporation uncovered five barriers to technology adoption among India’s small business community, including:
Pro Advisor Programme for Indian Accountants
QuickBooks is also launching a Pro Advisor Programme, helping accountants in India better serve their small business customers. Participating accountants receive prioritized support, advanced training and marketing tools. The Pro Advisor program also allows accountants to get international certification, grow their practice and provide priority support to their clients.
“I’ve joined the QuickBooks Online Pro Advisor Program for India, not only did my staff and I get excellent training on the software, we got global certifications that can help us attract both local and international clients. In addition to that we get priority support from the QuickBooks Online team as well as special discounts and offers for my clients and me. QuickBooks Online is compliant with all the Indian tax laws and excellent functionalities like customized reports, invoices and anytime anywhere access.” CA. Pavan Sharma, Partner, Balakrishna Reddy & Co.
Pricing and Availability
QuickBooks Online is available in two versions: QuickBooks Online Essentials, priced at INR 3999 for a one year subscription, and QuickBooks Online Plus, priced at INR 5999 for a one year subscription. For further information, log on to www.quickbooksonline.in
Resources for India:
About Intuit India
Intuit is a leading provider of business and financial management solutions for small and mid–sized businesses in the country. Intuit India – the company´s first venture in Asia Pacific, commenced operations in 2005, currently has more than 600 employees across offices in Bangalore, Mumbai and New Delhi. Intuit stands on the core principles of customer driven innovation and improving the financial lives of its customers profoundly with product offerings such as QuickBooks Online and Money Manager in India. Intuit has been recognized as the 2nd best company for Rewards and Recognition, 6th Best Employer in India, Top 10 Best Places to Work for in India and is among the Top 25 Best Employers in Asia. For more information, please visit www.intuit.in
About Intuit Inc.
Intuit Inc.(Nasdaq: INTU) is a leading provider of business and financial management solutions for small and mid–sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Intuit Financial Services provides enhanced online banking solutions and unique insights to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.
For more information, please contact
Samantha Unnikrishnan: +91-80-41769200
Intuit India | Global Business Division
Julie Joseph: +91 9342658357
The Practice Strategic Communications