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Mike Block CPA
Fort Lauderdale FL
07/23/2013
Xero and Intuit Duel (LOL)
Do you know about the latest Xero and Intuit (Quicken, QuickBooks) duel?
It was hilarious to read about teh new Xero and Intuit Duel. It made me LOL because Intuit never had competition like Xero.
Intuit began in 1983. It soon dominated the home and small business accounting program market, with up to 95% market shares. Even Peachtree and Microsoft could not beat Intuit. This is now changing quickly.
7 year-old Xero, from New Zealand, came to the U.S. 18 months ago.
It:
•Pays more attention to users, especially professional accountants
•Upgrades beautiful very automated accounting software far faster
•Hired away the top QuickBooks ProAdvisor boss
•Is increasing users by about 120% a year
QuickBooks has lost many users (Xero badly beating QuickBooks), so QuickBooks now directly targets Xero.
The Xero and Intuit duel (LOL) now involves CPA meetings.
A week after Xero set its first accounting professional conference (Sept. 4 and 5, San Francisco), Intuit set a nearby conference on the same two days.
U.S. Xero President Jamie Sutherland said, “Intuit got wind of what we’re doing and is resorting to different tactics, because they feel threatened... Xero has online and mobile software, while Intuit adapted a small business desktop product.”
Intuit says the Xero conference has no bearing on its event. However, the Xero and Intuit duel is LOL funny because Xero hopes to get 500 - 600 accounting pros
and
giant Intuit expects only 40 - 50 (unless Xero professionals crash the Intuit party).
http://1234567890.typepad.com/xero/2013/07/xero-and-intuit-duel-lol.html
http://www.bizjournals.com/sanfrancisco/blog/2013/07/intuit-and-xero-duel-over-cpa.html
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07/15/2013
Xero Badly Beating QuickBooks and QuickBooks Online
Few seem to realize that Xero is badly beating QuickBooks (QB) and QuickBooks Online (QBO).
We often hear that QBO is growing very quickly, at up to 80% a year.
However, it is not growing fast enough to cover severe Intuit QB desktop losses.
There once were 4.8 million QB desktop users. Intuit recently told me there were now only four million users.
This 800,000 drop is about three times the total number of QBO users. Therefore, it seems that QuickBooks Online creates few new users, as opposed to cannibalizing QuickBooks desktop users.
……
Xero is growing 50% faster than QBO (120% a year). It has a free add-ons lists and a free industry standard RESTful add-ons interface. *
*As a result, QB, add-ons are down 20% (marketplace.intuit.com, even if we count many old dead add-ons) to 50% (Google links), vs a more than 100% annual increase in Xero add-ons (now around 250). *
*This precisely parallels what happened years ago, when QB beat Peachtree (now Sage), after Peachtree drove away their add-on developers. *
*Thus was a big reason why QB soon became so dominant and why Xero is now badly beating QuickBooks and QuickBooks Online.
………
This came about at the time that Yodlee announced a Yodlee - Xero partnership, so 40 million Yodlee users may soon see Xero ads. *
*This is one more sign that Xero is badly beating Quickbooks and QuickBooks Online.
http://1234567890.typepad.com/xero/2013/07/xero-badly-beats-quickbooks-and-quickbooks-online.html
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LOL:
Intuit Buys Accounting Management Software 10 years late, Jill Ward
I am LOL (laughing out loud) over recent QuickBooks news: Intuit buys accounting practice management software. This is 10 years late.
http://www.quickbooks-blog.com/2013/07/lol-intuit-buys-accounting-management-software-10-years-late-jill-ward.html
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04/29/2013
Intuit Stock Dives, Xero Stock Soars
When Intuit stock dives back to where it was TWO years ago (not even keeping pace with the Dow), while Xero stock soars almost 500%, the market is telling us what to expect in company product excellence and related growth.
…
That is why even QuickBooks insiders like me have been dumping Intuit products for Xero and Drake Software (pro tax). It also is why you should consider doing this.
http://www.quickbooks-blog.com/2013/04/1.html
(see Mike’s “Recent Posts)
http://profile.typepad.com/6p00d8351542e553ef
