BWI: Intuit Money Manager Launched in India

Press release from Business Wire India
Source: Intuit Inc.
Wednesday, January 13, 2010 09:45 AM IST (04:15 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
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Intuit Money Manager Launched in India
Provides Personal Finance Software Designed to Save Time and Money with 90-day Free Trial

Bangalore, Karnataka, India, Wednesday, January 13, 2010 -- (Business Wire India) -- Intuit Inc. today released Intuit Money Manager, the company's first financial software product developed specifically for consumers in India.

The Web-based Intuit Money Manager is an innovative personal finance tool. It helps you to plan, track and grow your money with just a little effort every week, helping you Save Time and Save Money. It's the smarter way to manage your money. The product helps consumers manage all personal financial information in a single window; it consolidates personal finances from multiple bank accounts and investments, tracks and categorizes expenses, prepares and calculates taxes and provides clear insight into the health of customers' personal finances.

Intuit Money Manager is available on Moneycontrol.com and comes with a free 90-day trial period. More information on the product can be found at the Intuit Money Manager Web site.

Mr. Umang Bedi, Managing Director, Intuit India - Global Business Division, said, "Intuit Money Manager gives consumers an easy way to manage their finances. It shows them all their relevant information in just one place, leading them to better decisions and saving significant time. Users can also track their spending trends, showing them how they can save more money. Those who have tested the product give it high ratings. More than 85 percent of early users say they would recommend it to others. Products like this can help people save more money, and stimulate the economy by leading to more informed spending decisions."

Mr. Vittal Anandkumar, Head - Marketing, Intuit India, Global Business Division, concurred. "Intuit Money Manager assists salaried individuals who want to know how and where they spend their money. It acts like a trusted assistant, saving them time and money while helping them make better personal finance decisions. Their entire financial picture appears on just one screen, eliminating the need to log onto multiple Web sites. Pie charts provide a clear view of their spending habits. And it helps them set goals, create budgets and monitor investments, all in one place."

The release of Intuit Money Manager is part of Intuit's comprehensive strategy, announced in 2009, to develop and market products in India for Indian consumers. Intuit Money Manager supports integration with most major banks, such as ICICI Bank, HDFC Bank, and nationalized banks, including the State Bank of India, Union Bank and others.

Pricing and Availability

The product is available via Moneycontrol.com. Following the free 90-day trial, customers can purchase an annual subscription at Re.1 per day.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 8,200 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at http://www.intuit.com/.

Intuit was named the "World's Most Admired Company" by Fortune Magazine in 2009, in addition to being named "America's Most Admired Software Company," from 2005 - 2008. In January 2009, Intuit was named to Fortune's "100 Best Companies to Work For" list for the eighth consecutive year.

About Intuit Global Business Division

The Intuit Global Business Division is an innovative, high-performance, growth business committed to promoting products and services that revolutionize millions of lives in India. Building upon Intuit's legacy of customer-driven innovation, the division promotes local solutions that will serve large, unmet or underserved needs among individuals and small business owners. Intuit's Global Business division has employees located in Bangalore, and is a division of Intuit. More information is available at www.intuit.co.in.


CONTACT DETAILS
Vidyuth Srinivasan, Global Business Division, Intuit India, +91 9663314113, vidyuth_srinivasan@intuit.com
Usha Mariyappa, 20:20 MEDIA, +91 9880539173, usha@2020india.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

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