Things done by Intuit to keep QuickBooks alive and on the top
If you are present in the world of technology as a firm then you will need to put in a lot of effort, creativity, and dedication in order to survive. You should know that the technological world has become very evolving in nature and this is why you will need to keep updating your products and services otherwise your customers will not think twice before switching to a completely new technology solution provider. The perks of becoming successful in the world of technology are many but surviving in the world of technology is also very difficult.
If you will look at the technological world then you will find many software companies out there and the whole world is somehow dependent upon these software companies. If software solutions wouldn’t be there in the market then all the businesses will have to go back to their traditional way of doing things on paper. This is one of the most important reasons why software companies are very important for the evolution of the modern world and one such company that has contributed significantly to the world of software solutions is Intuit.
Intuit is an accounting and tax Software Company that has been providing the world one of the best accounting software solutions in the form of QuickBooks. When anyone talks about accounting software for small and medium sized businesses then the first name that comes to the mind of most of the people will talk about QuickBooks. You will be surprised to know that currently, QB has more than 85% of the market share in the U.S and it is continuously growing its presence in all other countries as well. But do you really know what Intuit is doing to keep QB alive and always on the top? Let’s find out through this blog post.
One of the main things that Intuit is doing in order to keep QB alive and on the top is providing regular updates. There are many software solutions in the world and only those of them are surviving that is being updated regularly. Well, Intuit is doing the same every year for the accounting software as well. You should know that every year, during the month of September, Intuit launches a new version of the accounting software and it comes with many new updates and there are many improvements implemented to the accounting software with the update.
Even in the current year, Intuit is going to launch the new version of QB in the form of QB 2021 and there are many expectations from the users of the accounting software. It is being speculated that Intuit is going to focus on automation through the new update.
All the software companies out there need to make changes to their software solution according to the latest solutions that are trending out there in the market and Intuit did the same thing with its accounting software. Earlier, users used to have only one option of using the accounting software and that was by installing it to their desktop. But with the arrival of the cloud, Intuit realized that cloud is here to stay and that’s why they made their accounting software compatible with the cloud.
Now, you can use the accounting software by hosting it on the cloud platform as well. All that you will need to do is choose a cloud hosting provider and then the cloud vendor will move your QB accounting software on the cloud platform without any hassle. There are many advantages of using the cloud hosted version of QB like anywhere, anytime access, high level security, automatic backup, nightly backup, and much more.
Wide Array of Versions
If a software company will offer only limited versions and editions of its software then it will only have a limited market and this is what Intuit avoided. When you will begin your hunt for shifting to the cloud hosted QuickBooks accounting software then you will get many options and the three most popular options that you will get are Enterprise, Pro, and Premier. All these three versions have different advantages and they are fit for different sizes of businesses. This is one of the main reasons why Intuit has so much large market size.
In addition to this, there are also industry specific versions of QuickBooks accounting software and thus Intuit is able to target all the businesses out there that come from different industries.
Intuit is going to dominate the accounting and tax industry for a very long period of time and if you will be running a small and medium sized business then you will succumb to using this advanced, powerful, cloud compatible, and easy to use accounting software solution.