Using the new suite, businesses can manage their financial and accounting processes in one place with the ability to prepare consolidated or individual financial statements and handle intercompany transactions. Intuit Enterprise Suite also uses AI to automate planning tasks, including cash flow management, budgeting, and profit and loss forecasts. It also monitors business performance with reports and real-time dashboards.
Users can track real-time project profitability and performance with custom multidimensional reports and KPIs, including those designed specifically for the construction industry. The software syncs employee time data with payroll and projects and sets AI-powered KPIs with estimated targets compared to historical amounts. Intuit Enterprise Suite also flags when projects are off target with recommended actions to get them back on track.
The suite includes marketing and communications solutions, namely Mailchimp’s technology, to help users find, retain and manage customers through email and SMS campaigns and leverage customer data from QuickBooks to find untapped revenue opportunities. Businesses can build and generate personalized customer journeys with marketing automation and AI tools, as well as segment and manage audiences.
There is also an automated new-hire onboarding processes and access to health care, retirement and workers’ comp benefit offerings. Users can access integrated time-tracking features as well as automated payroll tax calculations, deductions and filings. Intuit said that soon it will also detect anomalies with AI to catch errors.
The suite supports instantly payable invoices plus accounts payable and receivable automation and reconciliation across entities. Financials are streamlined with the ability to create estimates, accept payments on the go, set up automatic invoice reminders and approvals, and handle payment issues with dispute protection.
Finally, the new solution offers users a direct line to assigned account and customer success managers and professional service experts. This includes access to guided setup and training and coordinated customer care and professional services to help identify and recommend a configurable solution that meets the needs of each business at every stage of growth.
“As businesses grow, so does the complexity of running their business,” said Intuit CEO Sasan Goodarzi. “Intuit Enterprise Suite fuels growth by helping customers run their business on one end-to-end business platform. This mid-market solution is powered by Intuit’s data and AI platform, boosting productivity through powerful automation, and unlocking business intelligence with actionable insights.”
The new product meets the needs of existing QuickBooks customers looking for more powerful functionality and will also include industry-specific customizations for construction, nonprofit, service and project-based businesses.
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