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
Menlo Park, Calif.
Software
$100 million
100
10
1 parent and 1 sub; 2 entities
2
QuickBooks Online
Intacct
NetSuite OneWorld
Advanced Inventory
Advanced
Procurement
NetSuite Professional Services
“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, CFO, Quicken Inc.