Intuit and Bigcommerce Partner to Simplify Financial Business Operations for Online Retailers
March 12 2015 - 8:30AM
Business Wire
Bigcommerce Selected as Launch Partner for
First Direct Ecommerce Integration with QuickBooks Payments
Intuit Inc. (Nasdaq:INTU) is delivering a seamless integration
between QuickBooks Online and leading ecommerce company Bigcommerce
to make accounting and bookkeeping easier for businesses selling
online. The direct integration is first available to Bigcommerce
merchants, and will automatically update and transfer invoices,
expenses and other financial data, freeing time for business owners
to focus on growing their business, not managing the technology
behind it.
Online sales are expected to eclipse $1.6 trillion worldwide in
2015, and fast-growing brands selling with Bigcommerce are quick to
take advantage of the always-online customer base. With the help of
technology from Intuit and Bigcommerce, merchants will be able to
shift their focus to scaling their company and better serving their
customers around the world.
“Both Intuit and Bigcommerce develop technology that makes our
clients’ lives easier, and this partnership will help Bigcommerce
merchants simplify accounting with the help of QuickBooks Online,”
said Avi Golan, vice president and general manager of the Intuit
Developer Group. “Merchants taking advantage of this integration
will save time once spent on accounting, and will be able to keep
their focus on running their business.”
“Bigcommerce is focused on bringing e-commerce to every retail
business owner, and we’re always looking for partners who share our
vision, easily integrate with our open platform, and bring
best-in-class expertise to our merchants” said Melanie Kalemba,
senior vice president of sales and strategic business development
at Bigcommerce. “The retail industry functions online, in physical
stores and everywhere in between. Together with Intuit, we’re
working to connect those channels to make business more
efficient.”
Highlights of the integrations include:
- Seamless Data Updates:
Eliminates the need for manual reconciliation of sales deposits,
bank fees and sales tax. All ecommerce transactions, including
sales and refunds, flow into QuickBooks Online with no extra work
required.
- Improved Sales Transaction
Accuracy: Automatically aggregates sales data into QuickBooks
Online, giving business owners a more accurate picture of their
finances and eliminating any data entry errors.
- Better Business Performance
Insights: Provides QuickBooks Online users with an up-to-date
view of business performance; lets them generate key reports, such
as profit and loss, cash flow and balance sheets at the click of a
button.
Through the partnership Bigcommerce has been selected as the
preferred ecommerce provider for existing and new Intuit customers.
Bigcommerce retailers in the U.S. will be the first to integrate
QuickBooks Online and organize financial data from their store.
Support for merchants in Canada, the United Kingdom and Australia
will become available in the coming months. In addition to
addressing accounting concerns, Bigcommerce merchants can select
QuickBooks Payments in the Bigcommerce control panel to easily
accept major credit and debit cards, and track their online store’s
revenue.
The QuickBooks Payments integration is available now, and the
QuickBooks Online integration will be available within the coming
months. Retailers can find more information at
bigcommerce.com/quickbooks.
About Intuit Inc.
Intuit Inc. creates business and financial management
solutions that simplify the business of life for small businesses,
consumers and accounting professionals.
Its flagship products and services
include QuickBooks®, Quicken® and TurboTax®, which
make it easier to manage small businesses and payroll
processing, personal finance, and tax preparation and
filing. Mint.com provides a fresh, easy and intelligent way
for people to manage their money, while Demandforce® offers
marketing and communication tools for small businesses. ProSeries®
and Lacerte® are Intuit's leading tax preparation offerings
for professional accountants.
Founded in 1983, Intuit had revenue of $4.5 billion in its
fiscal year 2014. The company has approximately 8,000 employees
with major offices in the United States, Canada,
the United Kingdom, India and other locations.
About Bigcommerce
Bigcommerce is a robust, flexible ecommerce platform that
provides established and emerging brands with everything they need
to launch, promote, manage and scale a successful online store.
Bigcommerce merchants earn 75% more than retailers on competitive
ecommerce solutions thanks to advanced features, better site
performance and streamlined business processes.
Bigcommerce powers some of the world's leading brands, including
Enfamil, Cetaphil, Gibson and Ubisoft and offers enterprise-grade
analytics, order processing, beautiful responsive themes, mobile
commerce and advanced marketing tools. Founded in 2009, the company
has received $125 million in funding from SoftBank Capital,
American Express, Telstra Ventures, General Catalyst, Revolution
Growth and FLOODGATE. Bigcommerce supports more than 60,000
retailers around the world from its offices in San Francisco,
Austin and Sydney. For more information,
visit Bigcommerce.com.
Intuit Inc.Steve Sharpe,
650-224-2362stephen_sharpe@intuit.comorAccess CommunicationsJen
Garcia, 415-844-6244jgarcia@accesspr.com
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