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Cendant To Recommend Intuit Solutions To Franchisees
QuickBooks® and Quicken® Software and Payroll Services Offered to More Than 200,000 Cendant Real Estate, Hotel and Jackson Hewitt® Franchisees and Real Estate Sales Associates Including Century 21®, Coldwell Banker® and ERA ®
MOUNTAIN VIEW, Calif. - April 10, 2001 - Intuit Inc. (NASDAQ: INTU) today announced a Preferred Alliance agreement with Cendant Corporation (NYSE: CD), one of the world's largest franchisors of real estate brokerage offices, hotels and tax preparation services. As part of the agreement, Cendant will recommend Intuit's QuickBooks financial management software, QuickBooks payroll services and Quicken Deluxe software to more than 200,000 Cendant real estate, hotel and Jackson Hewitt franchisees and real estate sales associates.

"Through our Preferred Alliance Partnership with Intuit, we can offer our franchisees and sales associates some of the best financial management tools in the industry," said Craig Hamway, Senior Vice President of Business Development, Cendant Corporation. "The 'bottom line' counts to our franchisees and using Intuit's software and payroll services can really help them gain insight into their businesses, streamline processes, as well as hopefully increase productivity and be more successful."

"Cendant has many options for strategic partnerships, so we're very proud that they have chosen Intuit's financial solutions," said Larry King, vice president and general manager. "Not only is this a tremendous endorsement, but a great opportunity for Intuit to introduce new services, like payroll, that extend the benefits of the QuickBooks software."

The agreement with Cendant is the largest deal to date resulting from Intuit's Franchise Financial Solutions Program, which is designed specifically for organizations with multiple small business operations. By using Intuit's financial solutions and services, franchisors can help improve franchisee productivity and promote consistent, system-wide accounting and reporting practices.

QuickBooks®, the best selling small business financial management software, is the foundation of the program. The program also includes Intuit's QuickBooks Payroll services, which range from self-service to traditional, outsourced payroll processing. Technical support and supplies are offered as additional options.

Pricing and Availability
Franchisees and employees of CENTURY 21®, Coldwell Banker®, ERA®, Jackson Hewitt® brands and the various hotel chains will receive negotiated discounts. They can find out more about the preferred alliance program offering via their respective intranet sites.

Franchisors interested in learning more about Intuit's Franchise Financial Solutions Program can call a sales manager at 1-800-843-0928 or visit www.quickbooks.com/franchise

About Cendant
Cendant Corporation is a diversified global provider of business and consumer services primarily within the real estate and travel sectors. The Company's fee-for-service businesses include hotel, real estate and tax preparation franchising; rental cars, fleet leasing and fuel cards; mortgage origination and employee relocation; customer loyalty programs; vacation exchange and rental services and vacation interval sales. Other businesses include the UK's largest private car park operator and electronic reservations processing for the travel industry. With headquarters in New York City, the Company has approximately 60,000 employees and operates in over 100 countries

 
About Intuit Inc.
Intuit Inc. (NASDAQ: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken®, QuickBooks®, Quicken TurboTax® and Quicken Loans® simplify personal finance, small business management and payroll processing, tax preparation and filing and online home loans.

Founded in 1983, Intuit has annual revenues of more than $1 billion and reaches 22 million customers with nearly 5,000 employees in 13 states and four countries. More information can be found at www.Intuit.com.

 
Intuit, Quicken, QuickBooks, QuickBooks Pro, TurboTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. Quicken.com and QuickBooks.com, among others, are trademarks and/or service marks of Intuit Inc.
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