NetSuite Helps Quicken Maintain Its Stride Through Divestiture

Minimizing disruptions during a divestiture can define the future of the standalone company. So when Intuit announced it would divest of Quicken in March 2016, Quicken’s leaders needed a new technology foundation that would allow it to grow and evolve a business that has been providing personal finance software for 30 years. It had only six months to transition from the on-premise systems of its former parent company.


Quicken

Company

Quicken

Location

Menlo Park, Calif.

Industry

Software

REVENUE

$100 million

Employees

100

NUMBER OF USERS

75 including Employee Center users

NUMBER OF SUBSIDIARIES

1 (1 parent and 1 sub; 2 entities)

NUMBER OF COUNTRIES

2 (U.S. and India)

SYSTEM REPLACED

QuickBooks Online

OTHER SOLUTION CONSIDERED

Intacct

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
Advanced Inventory
Advanced Procurement

IMPLEMENTATION PARTNER

NetSuite Professional Services

LEARN HOW CLOUD ERP CAN STREAMLINE YOUR BUSINESS.

Schedule a free consultation

“I’ve used eight different ERP systems—from SAP to QuickBooks Online. NetSuite is perfect. It’s not too complex, not too simple. It’s flexible and powerful, but still easy to use.” Gary Hornbeek, Corporate Controller, Quicken

Seamless Transition to a Future-Proof Platform

Fast implementation meets divestiture deadlines
Quicken chose NetSuite OneWorld for its robust functionality and integration, ease of use, and scalability, seamlessly transitioning from a temporary QuickBooks Online environment in a five-month implementation by the October 1 deadline. NetSuite empowers a lean and growing operation of 100 employees, including 30 in Bangalore.
Robust functionality, automation for efficiency
Efficiencies gained through the system and easy integrations with third-party applications like Bill.com allow Quicken to operate with a much smaller accounting team than similar-size businesses, with the flexibility to accommodate complex revenue recognition processes for different product lines.
Functionality to fuel product evolution
As Quicken re-architects its own software to run in the cloud, NetSuite’s agile, scalable cloud-based platform will streamline complex revenue recognition processes crucial to selling both traditional license and SaaS solutions. Quicken executives will have real-time insight to evolve products at the pace necessary in this competitive space.

Resources


Learn About OneWorld Global Business Management

Schedule a free consultation