Tag Archives: intuit


Former Intuit executive joins Infusionsoft

Infusionsoft, creator of the leading sales and marketing software for small businesses, announced that former senior Intuit executive Terry Hicks has joined the company as chief product officer.

In this newly-created position, Hicks will drive the company’s global product strategy, including product management, payments and business development. He will also oversee Infusionsoft’s Marketplace, which is composed of a full suite of services, integration APIs, and apps designed to help small businesses succeed.

As an executive with Intuit in Silicon Valley for nearly 15 years, Hicks brings deep insight, knowledge, and understanding of small businesses and how to meet their rapidly evolving technology needs. During his time at Intuit, Hicks served in a variety of general management and product leadership roles in the Small Business Group and Global Business Division. He established from the ground up to the now $600 million payments business, and most recently, prior to joining Infusionsoft, focused on accelerating worldwide customer growth as the vice president and general manager of QuickBooks Online.

“Infusionsoft has a superpower,” said Hicks. “The company’s passion and commitment to small business success is unparalleled and infectious. They understand the challenges small businesses face in today’s digital, connected world, and they’re bringing powerful technology to a market ripe with opportunity. I am excited to be a part of a company that is committed to improving the success rate of small business worldwide.”

Hicks’ deep passion for small business grew throughout his time at Intuit where he saw the impact the right software solutions, services and access to a strong partner network can have on the success of a small business. “When a small business succeeds, the ripple effect is greater than on just the entrepreneur,” he said. “The employees, families, customers and their local community at large benefit, which results in a more vibrant and diverse place for everyone to live. Infusionsoft is laser focused on helping small businesses grow their revenues, which is the lifeblood of any business. ”

Laurie McCabe, a partner at SMB Group, noted, “The addition of another highly-regarded technology industry veteran such as Terry Hicks is further validation of Infusionsoft as a disruptive innovator and leadership company.”

“Terry gets small business, and he understands what it takes to grow a billion dollar company by serving that market sector,” said Clate Mask, co-founder and CEO of Infusionsoft. “He knows first-hand how underserved the market is, and he shares our passion to help more small businesses realize success and their dreams.”

New Technology Makes Financial, Inventory Management Easy, Affordable

New Technology Makes Financial, Inventory Management Easy, Affordable

The expansion of the Internet and the growth of online financial tools continue to change the way we do business. With the development of Web-based and online tools, it is easier than ever for small business owners to manage day-to-day operations, track financial transactions and measure performance. Unlike the more costly software packages many companies were using up until now, Web-based tools are available free of charge or for a very low cost.

If you are a still using old systems and thinking it’s time to update your business, here are a few key areas to consider that will curb costs and increase efficiencies:

Inventory management

When was the last time you examined your inventory? If you are unsure, it is safe to say apply the 80/20 rule ― 20 percent of that inventory is turning while 80 percent sits idle, taking up space and costing money to finance.

Effective inventory management can be the key to running a profitable business.

Before making a decision to update pricing or increase inventory, you must first know what you have in your current inventory. Online inventory management programs can do just that. An inventory management program can also be especially helpful for companies with multiple warehouses, or stores with multiple locations. Businesses can benefit from the up-to-the-minute software when multiple people are tracking merchandise orders, sales, returns and product availability. Inventory management programs also show which items are slow selling and should not be ordered or produced as frequently.

Finally, using an online inventory management system that interfaces with accounting software such as QuickBooks makes it easier to evaluate your financial situation.

Online payment options

Both business-to-business and business-to-consumer companies were previously more limited in the type of payments one could accept. Today, thanks to new technology, small business owners that typically accept only cash or checks can now easily add credit cards and online payments to the mix.

More amazing is that, traditionally cash-only small merchants are now able to accept credit card transactions by simply using a smartphone. Tools like the Square and Intuit GoPayment readers will scan a credit card payment from the phone. The cost is a flat percentage fee per transaction. If a customer is paying from another location, businesses of any size can accept credit card payments online with websites like PayPal and Google Checkout. Certain applications also allow customers to purchase products directly from Facebook brand pages now.

Payments by check can also be received online from remote locations with the development of eChecks. Customers can input their check information, including account number, routing number and check number, into an online form. The information is then evaluated by an online database that will tell businesses within seconds whether the check is valid or not. This tool can reduce the fear business owners may have about accepting checks by eliminating the potential for checks to bounce or for a purchase to be made from a closed account.

Managing deposits

Remote Deposit Capture (RDC) is the official name banking institutions use to describe the process of electronically depositing a digitally scanned check. With RDC, business owners and managers can make a deposit by using a computer, scanner and remote deposit capture software or employing a third party. When the bank receives the digital check, almost immediately they can send digital copies to another bank to verify the funds and make the appropriate withdrawals and deposits. This tool is not only convenient and a great time saver, but it also reduces cost and the risks connected to driving to the bank to make deposits. This is especially true for larger companies, which often hire a courier service or armored car to handle the task.

Banks have recently implemented applications that allow businesses and individuals to deposit checks from an iPhone or Android. Checks can be photographed and submitted through an app.

Adopting online tools to manage financial tasks and operations can be fairly simple and inexpensive, while the benefits to your business are abundant. These tools not only save time and money, but they also increase the ability to track day-to-day operations, enabling companies to make more informed financial decisions; and most importantly, they can help improve cash flow.

We’ve all heard the saying “cash is king.” That statement has never been truer than it is today.

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Small Businesses

How Small Businesses Are (Mis)Using Social Media

It’s no mystery that social media has become an important tool in marketing for small businesses. In fact, building brand awareness on Facebook has become the most popular, with nine million small businesses utilizing the platform today. However, many of these businesses aren’t taking full advantage of its potential.

This infographic, from Intuit, illustrates how small businesses can better leverage their social media efforts to create new opportunities and reach more customers.

Does your company use Facebook to its full potential?

How small businesses use social media - infographic
via: Intuit Websites

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Infographic Credits, courtesy of Intuit:

Source: Intuit
Designed by: Column Five Media


Small Business Year In Review

The Small Business Year In Review 2011 & Outlook For 2012

The Small Business Year In Review 2011 & Outlook For 2012

Being a part of a slow economic recovery can take its toll on anyone, especially those who are trying to maintain and grow a business. Particularly, small business owners have had a lot to overcome throughout 2011, including a credit crunch and general uncertainty about the future. Through it all, they’re heading into 2012 with an optimistic outlook. According to this infographic by Intuit, the company’s Small Business Surveys have tapped into how small business owners are reflecting on 2011 and how what they expect 2012 to bring.

Own your own company? How have you gotten through 2011, and what do you see on the horizon for 2012?

The Small Business Year in Review 2011, Outlook 2012 [INFOGRAPHIC]
via: The Small Business Year in Review 2011, Outlook 2012 [INFOGRAPHIC]
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Infographic Credits, courtesy of Intuit:

Source: Intuit
Designed by: Column Five