Intuit Launches FP&A and Management Solution for Growing Businesses

If you’ve worried that growing clients are ready for an enterprise resource planning (ERP) platform, but would be overpaying for an overpowered and overly complicated solution, the worry stops now.

Intuit launched Intuit Enterprise Suite on Sept. 17 to provide right-sized solutions for growing, complex businesses that need advanced reporting, financial planning and analysis (FP&A), and business management tools, all with a single login.

Intuit Enterprise Suite is a configurable AI-powered business platform that brings together financial, payroll, HR, marketing, and cash flow tools in one place and offers a new way to partner with Intuit through dedicated success managers. With tools and data connected, the platform streamlines operations, increases productivity, and improves decision-making with business intelligence and insights for clients’ next phase of growth.

The goal of Intuit Enterprise Suite is to help existing Intuit QuickBooks customers access more powerful functionality—without losing the intuitive nature of Intuit’s products. It includes industry-specific customizations for construction, and will soon include customizations for professional services, and nonprofit businesses, and it’s currently best suited for service- and project-based businesses. It addresses the complex needs of quickly growing businesses, including by streamlining multi-entity business journal entries and consolidated reporting.

The suite is a boon for accountants and firms, who can hold onto clients longer while serving them even more effectively through efficient, time-saving processes and more advanced reporting. The in-depth reporting insights—generated through Spreadsheet Sync—enable accountants to take on a strategy and advisory role for businesses looking for direction from their trusted advisors. 

Next-level features you’ve been waiting for

Intuit Enterprise Suite offers comprehensive financial management services, including:

• Enterprise-level financial management. Intercompany transaction eliminations, intercompany journal entries, consolidated financial statements, and consolidated multi-entity reporting serve complex multi-entity companies with less headache.
• Multi-dimensional reporting. Create up to 20 custom dimensions with unlimited values in up to five levels of hierarchy. Tag line items and AP/AR transactions at the transaction level with custom dimensions to get in-depth reporting and analysis.
• Project-level financials. Drill down in the data to get real-time insights into projects, keep them running on time and on budget, and perform job costing and analysis to keep projects profitable.
• Industry-specific, cloud-based customizations. Construction, professional services, and nonprofit industries get specialized reporting and setup features in the initial version of Intuit Enterprise Suite.
• Automation across the business. AI boosts productivity while matching transactions, creating targeted marketing emails, and generating insights from reporting.
• Role-based access across the portfolio. Keep the security and privacy in the fore, setting different customized or preset permission levels based on the access each person needs. Admins can see all entities in the portfolio from one tab. 
• A dedicated account manager and support partner. Your client gets customized guided setup from their dedicated partner. All QuickBooks accounts and their integrations are seamlessly migrated into Intuit Enterprise Suite on the back end by Intuit staff.

Characteristics of clients who are ready for IES

You probably already have a few clients in mind who would be a good fit for using Intuit Enterprise Suite. Here’s some guidance—though clients need not check every box—on characteristics of a good fit for the suite:

1. Your client is growing in size and revenue.
2. Your client is a multi-entity business entering intercompany transactions often.
3. Business growth has introduced technology and reporting complexity—and challenges.
4. You and your client are familiar with the Intuit platform.
5. Your client has multiple staff members using QuickBooks Online to power their business.

Get your clients started on Intuit Enterprise Suite

To thank accountants who refer clients to Intuit Enterprise Suite, Intuit is offering $1,500 for every new signed contract. To qualify, you must be enrolled in the ProAdvisor revenue share program. Click here to get started. 

Get a first look at Intuit Enterprise Suite and hear more about Intuit’s product roadmap at the virtual Intuit Accountants Innovation Showcase at 2 p.m. ET on Oct. 10. Event registration is here. And attend the training webinar, Introduction to Intuit Enterprise Suite for accountants, from 1-2:30 p.m. ET on Oct. 16, while earning 1.5 CPE credits. Training registration can be found here.