QuickBooks Online, No. 1 in Cloud Business and Financial Management for Small Businesses, Available in India

Last Updated: Fri, Jan 04, 2013 13:40 hrs

Bangalore, Karnataka, India: Intuit Inc. (Nasdaq: INTU) today announced the availability of QuickBooks Online , the leading business and financial management software for small businesses in 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 localised 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 longstanding 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 decisions and is optimised for anytime, anywhere usage. Currently, QuickBooks Online has 1. 3 million users worldwide and 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 ecosystem. 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:

-- Save time on common finance tasks, such as invoice creation, managing sales tax and organising sales receipts.
-- Get paid faster with tools to help centralise income forms, such as estimates, invoices and sales receipts, summarise totals for due or past due transaction items, and get tips or alerts to help take immediate action.
-- Easily track customers, orders, income and expenses so a small business can always see where it stands.
-- Gather tax relevant information in one place to avoid tax-time headaches.
-- Use the power of the cloud via a mobile device to stay on top of finances while on the move.
-- Obtain in-depth business insights with reporting tools that analyse their business and industry trends to help them move their business forward.
-- With password-protected login, firewall protected servers, and the same encryption technology (128 bit SSL) used by the world's top banking institutions, QuickBooks Online has the security elements in place to give you peace of mind."

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:

-- Cost
-- Lack of skilled labour.
-- Lack of awareness of the benefits of technology.
-- Questions on privacy, data security.
-- Concerns over infrastructure reliability.

ProAdvisor Programme for Indian Accountants

QuickBooks is also launching a ProAdvisor Programme, helping accountants in India better serve their small business customers. Participating accountants receive prioritized support, advanced training and marketing tools. The ProAdvisor program also allows accountants to get international certification, grow their practice and provide priority support to their clients.

“I’ve joined the QuickBooks Online ProAdvisor 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:

-- Intuit India Press Room
-- QuickBooks Online India on Twitter
-- QuickBooks Online India on Facebook
-- QuickBooks Online India on LinkedIn
-- QuickBooks Online India on YouTube
-- QuickBooks Online India on Google+
-- QuickBooks Online India on Pinterest
-- Intuit Small Business India Blog
-- Intuit Small Business India on Facebook
-- Intuit & Ministry of MSME Whitepaper on Understanding Barriers to Tech Adoption Among Indian MSMEs

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 2ndbest 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. 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 ή and TurboTax , simplify small business management and payroll processing , personal finance, and tax preparation and filing. ProSeries ή 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 .

Samantha Unnikrishnan, Intuit Inc., +91 (80) 41769200

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