Quicken

Software and Tech Company with 100 - 249 employees

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.

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Seamless Transition to a Future-Proof Platform

TandemSeven’s accounting and finance teams used a single instance of QuickBooks. Challenges for the business included:

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    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.

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    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.

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    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.

" 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 HornbeekCFO, Quicken Inc.