Intuit Showcases How Technology Innovation Powers Prosperity for Consumers, Small Businesses
March 29 2017 - 12:30PM
Business Wire
26 Experiments and Products Reveal Benefits
for Today, Tomorrow and the Future
Highlights:
- Applying data from many to help one:
Machine learning and artificial intelligence is helping U.S. and
Canada consumers file their taxes, and self-employed professionals
sort personal versus business expenses
- Hands-on displays reveal how augmented
and virtual reality, and voice activation and chatbots could, in
the future, help consumers and small businesses make smarter,
faster financial decisions
- Mint debuts new experience on the Apple
Watch
Combining a look at the innovation behind the products of today
and how it is innovating with emerging technologies for the future,
Intuit Inc. (Nasdaq: INTU) revealed the power of its ecosystem in a
showcase of 26 product innovations and technology experiments.
Each of the products and experiments demonstrated the company’s
commitment to powering prosperity around the world.
On display at the company’s gallery walk in New York, Intuit
featured everything from the use of artificial intelligence to
wearables, reflecting the company’s focus on design and technology.
Intuit also showed how it’s using data science and machine learning
to deliver real customer benefits today. In addition, it offered a
glimpse at how virtual and augmented reality, as well as voice and
chatbot technologies, could shape the future. The efforts support
Intuit’s strategy to help put more money in people’s pockets,
eliminate work and give them complete confidence to manage their
finances.
“Intuit has grown and thrived for more than three decades by
consistently reimagining and reinventing ourselves,” said Brad
Smith, Intuit chairman and chief executive officer. “We’re
continuing to embrace new technologies and approaches to deliver
breakthrough benefits as one ecosystem that empower our customers
to prosper in new and exciting ways.”
In addition to experiments, Intuit displayed current and new
products, and the technology behind them, including:
For Small Business and Self-Employed
Intuit announced a new collaboration with G Suite by Google
Cloud that delivers personalized experiences for QuickBooks Online
users. The result: less time spent on back-office work, greater
confidence in the data and more detailed insights.
This reflects the company’s commitment to fuel small business
success through the power of the QuickBooks ecosystem – and its
platform partners – to help reduce the 50 percent failure rate that
small businesses and self-employed workers face in the first five
years.
For Consumers
To meet the needs of the rapidly growing freelance workforce,
Intuit created a unique offering that combines the power of
QuickBooks Self-Employed and TurboTax. The new offering, TurboTax
Self-Employed, makes it easier to separate personal and business
expenses, and to meet tax obligations.
Mint is going wearable, and revealed a new version of its app
that lets people track their finances on their Apple Watch. It also
offered a sneak peek at its enhanced bill pay tools and credit
score analysis, which can help eliminate late fees for the one in
four Americans who miss a bill payment every year.
For Accountants
QuickBooks Online Accountant revealed its upcoming Practice
Management features that give accountants the power to seamlessly
track and coordinate all the work associated with their clients and
their firm to help ensure nothing falls through the cracks.
Intuit’s QuickBooks Online Accountant and ProConnect products
and services help accountants and tax professionals save time, grow
and make a difference in their clients’ lives from daily business
management to the filing of taxes every year.
Technology Behind-the-Scenes: Data and Artificial
Intelligence
Many machine learning and artificial intelligence features are
currently embedded in QuickBooks and TurboTax products.
More than 30 of these features already assist customers,
providing both real-time experience within the products and in
customer care experiences, with more in the development
pipeline.
About Intuit
Intuit Inc. is committed to powering prosperity around the world
for consumers, small businesses and the self-employed through its
ecosystem of innovative financial management solutions.
Its flagship products and services
include QuickBooks® and TurboTax®, which make it
easier to manage small businesses and tax preparation and
filing. QuickBooks Self-Employed provides freelancers and
independent contractors with an easy and affordable way to manage
their finances and save money at tax time, while Mint delivers
financial tools and insights to help people make smart choices
about their money.
Intuit's ProConnect brand
portfolio includes ProConnect Tax Online, ProSeries®
and Lacerte®, the company's leading tax preparation offerings
for professional accountants.
Founded in 1983, Intuit serves 42 million customers in North
America, Europe, Australia and Brazil, with revenue of $4.7 billion
in its fiscal year 2016. The company has approximately 7,900
employees with major offices in the United
States, Canada, the United
Kingdom, India, Australia and other locations. More
information can be found at www.intuit.com.
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Intuit Inc.Kali Fry, 650-944-3036kali_fry@intuit.comorAccess
EmanateJen Garcia, 415-828-2514jgarcia@access-emanate.com
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