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Intuit's Master Builder 2004 Helps Solve Contractors' Most Important 'Business Management' Problems
New version helps contractors increase productivity, efficiency and promote business professionalism
SANTA ROSA, Calif. - September 02, 2003 - Intuit Inc. (NASDAQ: INTU) announced today its most advanced construction software to date giving more construction companies greater control, flexibility and ease in running their businesses.

As part of its "customer in, not technology out" philosophy, Intuit® Master BuilderTM 2004 was specifically designed to solve construction companies' most important problems. As a result, Master Builder 2004 delivers more timely, accurate and professional looking client/vendor communication functionality; flexible inventory control; and critical job information sharing and report scheduling.

"We've been using the new email feature in Intuit Master Builder 2004 to send purchase orders to our vendors, and to send invoices and quotes to customers. It's convenient and timely," said Don Raybuck, Corporate Secretary, Prout Boiler, Heating & Welding, Inc., an Ohio-based mechanical contractor, and an Intuit Master Builder 2004 beta customer. "It keeps me from having to print out the form, fax it and then wait for a confirmation. Now, I simply click 'send' and it's done. We also like that the information is clear, easy to read, and professional looking with the universal PDF file format."

Contractors continue to struggle in a search for solutions that can stand up to the industry specific job requirements of managing a construction business. "More often than not, the software solutions that are available to contractors are too generic, incomplete, or too complicated to be truly valuable," said Carol Novello, president, Intuit Construction Business Solutions. "That's why we work very closely with contractors to develop solutions that are right for them and provide the ease and functionality they want. With Master Builder 2004, contractors have more time to concentrate on the construction jobs at hand or growing their business rather than being tied up with solutions that are too generic, cumbersome or complex.

"In addition, third-party software developers are delivering specialized and complementary solutions that link and integrate with Master Builder, making this a more powerful solution for contractors with even the most unique and specialized needs-- from estimating for remodelers to real-time job site data entry," added Novello.

Designed for Simplicity and Ease of Use
Intuit Master Builder 2004 adds value for contractors delivering greater efficiency, increased productivity and improved professionalism, as well as enhanced ease of use. Some of the new features include:

  • Report scheduling - share critical job information and improve communications with vendors, subcontractors and clients. Schedule reports to run automatically and be delivered regularly by email or fax.
  • Email or fax on demand - instantly email or fax reports to vendors, subcontractors, clients and coworkers. Communicate more efficiently and save time from having to print and file reports.
  • Project Work Center - use the personal Project Work Center to see high-level job information and track critical job tasks. Customize the menu to display only what you need.
  • Up-to-date part information- import vendors' published price lists from spreadsheets and tables to automatically update part prices-even save a vendor template and use it every week.
  • Inventory solutions - have more options to manage your inventory. In addition to WAC (weighted average cost), Intuit Master Builder now supports LIFO (last in first out) and FIFO (first in first out) for inventory management.

Release Schedule / Pricing
The new Intuit Master Builder 2004 software package is the second annual release since Intuit acquired the Master Builder product line back in November 2001. As part of the company's "Right for My Business" strategy, Intuit expects to support the construction industry with annual releases and upgrades designed for the construction market.

Intuit Master Builder 2004 is offered on a per seat basis. Intuit Master Builder 2004 is offered at $1,895 for the first seat. Its Enterprise Edition is available for $2,495 (first seat). Add-on modules including estimating, service receivables, inventory, and document control are available for $795 each. All products are currently available. For more information, please visit http://masterbuilder.intuit.com or call 800-726-6278.

 
About Intuit
Intuit 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® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. Founded in 1983, Intuit has annual revenue of more than $1 billion. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.
 
About Intuit Construction Business Solutions
New version helps contractors increase productivity, efficiency and promote business professionalismAcquired by Intuit, Inc. (NASDAQ: INTU) in November 2001, as part of the company's "Right for My Business" strategy, to deliver business solutions to vertical markets, Intuit® Master BuilderTM offers contractors a complete construction business management solution. Through a nationwide network of Solution Providers and Certified ProAdvisors, Intuit offers online classes, lives seminars, business management consulting, and expert technical support. For more information about Intuit Master Builder, please visit: http://masterbuilder.intuit.com.
 
Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Master Builder and Intuit Master Builder are trademarks of Intuit Inc. in the United States and other countries. Other parties' marks are the property of their respective owners and should be treated as such.
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