Today, Intuit announced the release of Intuit Enterprise Suite, the all-in-one mid-market solution designed to help more complex businesses grow, streamline operations, and scale.
Intuit Enterprise Suite, or IES, offers a configurable suite of integrated financial products designed to enhance productivity and profitability as businesses grow. IES meets the needs of companies currently using QuickBooks that are looking for more powerful functionality and includes industry-specific customizations for multi-entity, service, project-based, and construction businesses as well as for non-profit organizations.
The integrated feature set is designed to replace manual, repetitive tasks with streamlined processes, boosting productivity through powerful automation, unlocking actionable insights for faster decision making. With the added power of Artificial Intelligence, IES enhances productivity and profitability with a full set of core capabilities in one place.
According to Forbes, Intuit has a staggering amount of business data – and it also has plenty of AI experience. Unlike companies that have only begun to experiment with AI in the past six to twelve months, Intuit has spent a decade developing AI to innovate its products. “The company already has 2 million AI models in production and 65 billion machine learning predictions per day. On the data front, Intuit has 500,000 customer and financial attributes per small business and 60,000 tax and financial attributes per consumer. In addition, it has connections with more than 24,000 financial institutions.”(1) These massive datasets give Intuit a highly accurate view of its customers and their businesses. All this empowers Intuit’s machine learning and generative AI models to deliver intelligent insights and personalized user recommendations about income, expenses, profitability and cash flows.
As businesses grow, so does the complexity of running their business. 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. – Intuit CEO Sasan Goodarzi
Intuit Enterprise Suite includes:
- Robust financial management and accounting: With features like consolidated financial statements, intercompany eliminations, and automated reporting, IES makes it easier to manage complex financial structures, including multi-entity accounting. With AI-powered insights and tools, IES can automate planning tasks, such as cash flow management, budgeting, and forecasts in seconds. It also monitors business performance with real-time reports and dashboards.
- Industry-specific project performance and profitability insights: Businesses can deliver projects with a customized, 360-degree view of project management and financial data in one place. IES tracks real-time project profitability and performance with custom, multi-dimensional reports and KPIs. It synchronizes employee and contractor time data with payroll and projects and sets AI-powered KPIs to compare goals with historical data. IES also flags when projects are off target with recommended corrective actions.
- Tools to attract and engage customers: IES includes Mailchimp marketing technology, to help find, retain, and manage customers through email and SMS communications and leverage customer data from QuickBooks to find untapped opportunities. Businesses can also build and generate personalized customer marketing automation, as well as segment and manage audiences.
- Robust Payroll and Human Resources: IES includes automated new-hire onboarding processes and access to healthcare, retirement, and workers’ compensation benefits. It simplifies the overall payroll process with integrated time-tracking features to help businesses stay compliant by improving accuracy with automated payroll taxes, deductions, and filings, and uses AI to flag anomalies and errors.
- Access to specialized services and experts: Businesses have a direct line to our professional experts focused on helping you succeed. This includes access to guided setup and training and our coordinated customer care services to help you identify and recommend a configurable solution that meets the needs of your business at each state of growth.
This is an exciting time for Intuit and us! Intuit Enterprise Suite is tailored so you pay based on your specific needs. For more information, visit www.enterprisespecialists.com or contact us at IES@mendelsonconsulting.com.
At the time of this writing, new features are being added to the production version of IES. Stay tuned for a future article with more insight into the inner workings of Intuit Enterprise Suite! If you’re looking for help finding the right accounting or ERP solution for your business, connect with us today!
