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Intuit Launches Master Builder 2003 for the Construction Industry
Intuit Makes it Easier for Construction Companies to Take Command of their Business and Increase Profits
SANTA ROSA, Calif. - September 04, 2002 - Intuit Inc. (NASDAQ:INTU), a leading provider of business and financial management solutions for consumers, businesses and accounting professionals, today announced the release of Intuit® Master Builder® 2003, the latest edition of its construction management software for mid-sized construction companies. Intuit Master Builder 2003, Intuit's first release since acquiring the Master Builder product last year, is part of the company's "Right for My Business" strategy to deliver industry specific solutions to businesses.

"Intuit has a history of delivering innovative solutions and has been a longtime recognized leader in the small business market," said Carol Novello, newly named Vice President and General Manager of Intuit Construction Business Solutions. "Being a part of Intuit has provided Master Builder with the resources to better serve the construction industry. We look forward to continuing to grow our offering to meet the needs of this key market."

Designed exclusively for construction, Intuit Master Builder 2003 is a single integrated solution to help contractors win more profitable bids, complete jobs on schedule and collect money faster.

"Construction is a complicated business. The industry is in need of easy-to-use solutions that solve the complex tasks inherent to the business," said Dan Smith, Founder of Master Builder and Vice President of Intuit Construction Business Solutions. "With Intuit Master Builder 2003, our goal was to simplify our offering for customers by making it easier to choose the right product, easier to use and easier to benefit from future product enhancements."

Intuit Master Builder 2003 makes many of the critical tasks contractors perform every day quicker and easier. Contractors can make informed business decisions rapidly and with confidence. Significant additions and enhancements to the product include:

  • A customizable desktop to quickly create short-cuts to the most frequently used menu options, reports and forms
  • A report navigator to easily select reports, view a complete list of report options and preview reports with sample data
  • Streamlined grids to conveniently perform all data entry and editing directly in screen grids
  • In-product links to easily access customer service, technical support and business management resources

In addition, Intuit Master Builder 2003 includes an API (Application Programmer Interface), enabling third-party software developers to create applications that extend Intuit Master Builder 2003's functionality. There will be a SDK (Software Developer's Kit) and formal developer's program announced later this year.

Intuit Master Builder Enterprise 2003
To address the needs of larger construction companies that require regular remote connectivity, increased performance and controlled data access, the Intuit Master Builder 2003 Enterprise edition makes it easy for contractors to connect remote offices, job sites and home offices.

Pricing
With a new pricing structure, Intuit Master Builder 2003 is now offered on a per seat basis.

Intuit Master Builder 2003 $1,895
Intuit Master Builder 2003 Enterprise $2,495
Add-on Modules $ 795

In addition, product upgrades are now included as part of an annual support contract.

There is special pricing for current Intuit Master Builder customers, as well as for QuickBooks® customers as part of the Intuit family.

In addition to the General Ledger, Accounts Receivable, Accounts Payable, Job Costing and Reporting modules, Intuit Master Builder 2003 includes modules that were previously add-ons, such as Scheduling, Purchase Orders, Subcontracts, Change Orders, Payroll and Billing. Add-on modules for Intuit Master Builder 2003 include Estimating, Service Receivables, Inventory and Document Control.

About Intuit Construction Business Solutions
Intuit Construction Business Solutions offers Intuit Master Builder construction management software. Acquired by Intuit Inc. (NASDAQ: INTU) in November 2001, as part of the Company's "Right for My Business" strategy, to deliver small business solutions to vertical markets, Intuit Master Builder puts contractors in command of their business by organizing it into four integrated steps: estimating, production, accounting and analysis. Designed exclusively for construction, Intuit Master Builder combines industry best practices with trade specific functions in a single integrated solution to help contractors win more profitable bids, complete jobs on schedule and collect money faster. Through a nationwide network of professional advisors, Intuit offers expert technical support, business consulting and ongoing education and training. For more information about Intuit Master Builder, please visit: http://masterbuilder.intuit.com.

 
About Intuit Inc.
iIntuit Inc. (NASDAQ: INTU) is a leading provider of business and financial management solutions for small businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing.

Founded in 1983, Intuit has annual revenue of more than $1 billion. The company has over 6,000 employees with major offices in 11 states across the U.S. and offices in Canada, Japan and the United Kingdom. More information can be found at www.intuit.com.

 
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