Intuit

Intuit Inc. (Intuit) specializes in providing business and financial management solutions. It offers products and services to various organizations including small- and medium-sized businesses, financial institutions, accounting professionals and individual consumers. The company operates business in three segments, namely, Small Business segment, Consumer segment, and Professional Tax segment. The company's Small Business segment includes online ecosystem and desktop ecosystem solutions that allow small businesses and the accounting professionals who serve them to save time and grow their businesses. The Small Business online ecosystem solutions includes Financial Management Solutions (QuickBooks), Online Payroll Solutions, Online Payments Solutions, Demandforce, QuickBase and Intuit Partner Platform. The Small Business Desktop Ecosystem Solutions includes QuickBooks Pro and QuickBooks Pro for Mac, Desktop Payroll Solutions, Desktop Payments Solutions, QuickBooks Technical Support and Financial Supplies. In FY2015,, the Small Business segment generated revenue of US$ 2,108 million, which accounted for 50% of the companys total revenue .The Consumer segment has two product lines including Consumer Tax and Consumer Ecosystem. The Consumer Tax products and services help individuals to prepare and file their own personal income tax returns quickly and accurately. This offers solutions for consumer tax return preparation, electronic filing, Intuit tax freedom project and other services. The Consumer Ecosystem products help users organize, understand, and manage their personal finances. These include Mint, Quicken, and Check. In FY2015, the Consumer segment generated revenue of US$1,800 million, which accounted for 43% of the companys total revenue.The company through its Professional Tax segment offers wide range of offerings for accounting professionals like Lacerte, ProSeries, and Intuit Tax Online. In FY2015, the Consumer segment generated revenue of US$284 million, which accounted for 7% of the companys total revenue.Intuits Research and Development (R&D) division focuses on improving the existing products and services. The R&D division is also engaged in developing new products and services for its customers. In financial institutions segment, the company has relationships and developed interfaces with several vendors of core processing software. In FY2015, the company incurred US$798 million towards research and development activities, which as a percentage of its total revenue stood at 19% .The company markets its products and services through various channels of distribution including multi-channel shop and buy experiences, direct sales, retail distribution, original equipment manufacturers (OEM), and third-party distribution arrangements with companies including Fiserv, Inc., Open Solutions, Inc., Fidelity Information Services, Inc., Metavante Corporation, Computer Services Inc., and CheckFree Corporation.