Intuit Launches Corporate Real Estate Solution; Company Demonstrates the Power of Customer-Driven Invention by Teaming with Goodyear

Business Wire, June 28, 2004

CLEVELAND -- Intuit Inc. (Nasdaq:INTU) today announced the availability of CRE Manager, an end-to-end real estate management solution designed to help corporations maximize profitability by reducing their real estate operating costs. As part of its entry into the market, the company also announced it has teamed with its client, The Goodyear Tire & Rubber Company, who will play an instrumental role in shaping the direction of the product.

Distinct from other solutions, CRE Manager is designed to integrate the entire corporate real estate lifecycle from site selection to site disposition.

"Real estate is typically the second-largest expense category for large corporations, which are under tremendous pressure to reduce costs and increase operating productivity," said Robert C. Ballou, president of MRI Real Estate Solutions, operated by a wholly owned subsidiary of Intuit Inc. "The combination of our 30-year history in the real estate industry, and Goodyear's vast experience as a corporate, industrial and retail tenant gives us insight into the challenges facing corporate real estate managers. Our collective experience has resulted in a highly functional and easy-to-use product that seeks to improve the management of expenses throughout the entire real estate lifecycle."

"We currently use multiple systems to administer our real estate portfolio and we look forward to continuing our collaboration with Intuit for the development of an integrated solution to improve the efficiency and effectiveness of our real estate administration processes," said Steve Mikolay, manager of real estate services for Goodyear.

Client-Driven Invention At Work

Goodyear's position as a global manufacturer and supplier, operating and managing corporate facilities, manufacturing plants, distribution centers and retail outlets, makes them the ideal team member to share best practices. This collaboration will directly impact the evolution of CRE Manager. By working closely with clients, Intuit delivers solutions that improve their return on investment by increasing operating efficiencies.

CRE Manager Addresses Corporate Real Estate Lifecycle

CRE Manager includes a diverse set of features that reduce the operating cost of corporate real estate property management, including:

--End-to-end workflow engine -- Enables organizations to automate and standardize all processes involved in managing their real estate assets, such as how leases are routed through a company's approval process, increasing the expediency in which decisions are made.

--User roles customization -- Allows users to easily tailor CRE Manager to specific roles in their organization. For example, the role page for a Lease Administrator would show budget submissions due and leases that need to be renewed.

--Event management tools -- Proactively alerts users to important triggers they set in the system. For example, CRE Manager will give you notice of a rent increase or when a maintenance expense exceeds a preset threshold.

--Real estate administration -- Provides immediate access to critical information that directly impacts a company's bottom line. For example, CRE Manager protects organizations from accidental overpayments by automatically verifying invoice totals against the original lease terms.

--Single real-time database architecture -- The elimination of multiple databases prevents redundant data entry and errors, resulting in accurate, current data that enables better decision-making.

Availability

CRE Manager version 1.0 is available immediately. Companies can choose from an outsourced hosted service or a "behind the firewall" enterprise software version of the corporate real estate management solution. For a demonstration of the solution or to speak to an Intuit Real Estate Solutions representative, contact 800-321-8770, ext 56596 or visit www.realestate.intuit.com for more information.

About MRI Real Estate Solutions

MRI Real Estate Solutions business unit is operated by Management Reports, Inc., a wholly owned subsidiary of Intuit Inc. Acquired by Intuit Inc. in 2002 as part of the company's "Right for My Business" strategy, the company offers business management solutions to corporate real estate managers as well as the global property management industry. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, MRI Real Estate Solutions strives to develop long-term successful relationships with its clients. Currently, the business has more than 4,500 clients on five continents and in 38 countries. More information can be found at www.realestate.intuit.com.

About Intuit Inc.

Intuit Inc. (Nasdaq:INTU) is a leading provider of business and financial management solutions for small- and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks(R), Quicken(R) and TurboTax(R) software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation software suites for professional accountants.