Intuit's QuickBooks Platform Expands with New Industry-Specific Solutions

Business Wire, May 14, 2003

Business Editors/Health/Medical Writers/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 14, 2003

Company sets new standards for industry-specific segments by

delivering on its "Right for My Business" strategy

Addressing the specific needs of small businesses and accountants, Intuit Inc. (NASDAQ: INTU) today unveiled several new QuickBooks(R) financial products, including industry-specific offerings for nonprofit organizations and healthcare practices.

"Intuit research shows that more than 60 percent of our QuickBooks customers have requested industry-specific solutions," said Dan Levin, vice president and general manager of QuickBooks Financial Solutions. "In the 18 months since we launched the 'Right for My Business' strategy to address the needs of small businesses and accountants, the QuickBooks line has grown from four to 16 unique offerings. This includes solutions for larger and more complex businesses, as well as 'beyond accounting' offerings and products for specific industries, such as retailers and contractors."

In addition to industry-specific solutions for nonprofit organizations and healthcare practices, QuickBooks is introducing a financial statement reporter add-on product for the QuickBooks Accountant Editions. Other products include an updated version of QuickBooks Enterprise Solutions Business Management Software for growing, more complex small businesses, as well as new QuickBooks Enterprise Solutions offerings for contractors and accountants.

"Smaller companies have so much in common, from price sensitivity to lack of full-time technology staff, that it's easy to overlook how different they can be," said Raymond Boggs, vice president for small/medium business research at IDC. "Small firms really see themselves as industry participants first and don't want to change their preferred vocabulary and business practices to accommodate new software. By adding specialized financial solutions for healthcare practices and nonprofit organizations, Intuit will strengthen its position with current and potential customers looking to manage their own unique industry environments."

New and Updated QuickBooks Products

--  For Nonprofit Organizations -- QuickBooks Premier: Nonprofit
    Edition and QuickBooks Enterprise Solutions: Nonprofit Edition are
    designed for nonprofit organizations with an operating budget of
    up to $5 million and that typically receive most of their funding
    from sources that do not designate the spending of their
    contributions. Nonprofit-specific features, including specialized
    reports and tools, help organizations more easily manage their
    finances, so they can spend more time furthering their cause. For
    more information, visit
    http://www.intuit.com/company/press_room/vpk_qb_nonprofit_editions
    /fast_facts.html.

--  For Healthcare Practices -- QuickBooks Premier: Healthcare Edition
    and QuickBooks Enterprise Solutions: Healthcare Edition are
    specifically designed to help healthcare practices more
    effectively manage their finances and, in turn, increase
    profitability. Using the Healthcare Editions, practices in various
    specialties -- including dentistry, mental health, chiropractics,
    veterinary medicine, optometry and other physician-based practices
    -- can get more insight into how their practice is doing and gain
    more control of their financial data. For more information, visit
    http://www.intuit.com/company/press_room/vpk_qb_healthcare_
    editions/fast_facts.html.

--  For Accountants -- QuickBooks Financial Statement Reporter is
    Intuit's first QuickBooks add-on software designed specifically to
    seamlessly integrate with QuickBooks Premier: Accountant Edition
    2003 and any edition of QuickBooks Enterprise Solutions v 3.0. The
    Financial Statement Reporter allows accountants to create,
    customize and print complete sets of professional-looking
    financial statements in just three easy steps, right from within
    QuickBooks. For more information, visit
    http://www.intuit.com/company/press_room/vpk_quickbooks_premier_ae
    /statement_reporter.html.

    Also available is the new QuickBooks Enterprise Solutions:
    Accountant Edition, which is tailored for accountants serving
    small business clients using any version of QuickBooks Enterprise
    Solutions. It has the same features and functionality of
    QuickBooks Premier: Accountant Edition 2003 and QuickBooks
    Enterprise Solutions v 3.0 that accountants need to better serve
    their clients, as well as to better manage their own practice. For
    more information, visit
    http://www.intuit.com/company/press_room/vpk_quickbooks_premier_ae
    /fast_facts.html.

--  For Contractors -- QuickBooks Enterprise Solutions: Contractor
    Edition is built specifically for growing, more complex
    contracting businesses. It features the same functionality of
    QuickBooks Premier: Contractor Edition 2003 -- such as job
    costing, estimates and change-orders, and contractor-specific
    reports -- plus the increased capacity, improved performance and
    tools contractors need for managing the intricacies of their
    business. For more information, visit
    http://www.intuit.com/company/press_room/vpk_quickbooks_premier_ce
    /fast_facts.html.

--  For Larger, Growing Businesses -- QuickBooks Enterprise Solutions
    v 3.0 is the latest release of Intuit's comprehensive business
    management solution for growing, more complex small businesses
    with 20 to 250 employees. Product updates include performance
    enhancements, improved multi-location features and new automatic
    estimate-to-sales order functionality. For more information, visit
    http://www.intuit.com/company/press_room/vpk_quickbooks_es/
    fast_facts.html.

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