Intuit ProConnect Announces Practice Ignition Partnership to Increase Efficiency for Tax Professionals

Rhea-AI Summary

Intuit (Nasdaq: INTU) has partnered with Practice Ignition to enhance productivity for tax professionals. This collaboration integrates Practice Ignition's automated proposal and payment management software with Intuit's professional tax products, streamlining client onboarding and compliance tasks. Tax professionals can now utilize customizable proposal templates, ensure upfront payment collection, and benefit from robust workflows between Intuit's tools. This integration aims to support tax professionals in delivering better client services, especially as small businesses recover from the impacts of COVID.

Positive

• New partnership with Practice Ignition enhances productivity for tax professionals.
• Integration allows for streamlined client onboarding with customizable proposals.
• Provides tools for tax professionals to automate compliance work and focus on clients.

Negative

• None.

Today, Intuit ProConnect, from Intuit Inc. (Nasdaq: INTU), is announcing its partnership with Practice Ignition (PI) to increase productivity for tax professionals. Practice Ignition, an automated proposal and payment management software that eliminates administrative tasks, will work in tandem with Intuit professional tax products, allowing for a better end-to-end workflow for tax professionals.

“At Intuit, we are dedicated to providing tax professionals with the effective and efficient tools and resources they need to create a seamless workflow,” said Jorge Olavarrieta, Vice President of Product Management and Design at Intuit. “Our latest integration with Practice Ignition allows tax pros to automate compliance work, leaving them more time to focus on each individual client’s long term goals. We look forward to continuing this partnership to help increase productivity for tax professionals to help them focus on what matters most.”

“Intuit has always been a landmark company in our eyes, as they continue to build software that helps accountants help their Small Business clients grow and achieve their financial goals,” said Guy Pearson, CEO at Practice Ignition. “We are looking forward to working closely with Intuit and their CPAs to make sure they’re best set up for automation and success, and can increase their service levels to Small Business Clients to help them succeed in the future. This is now more important than ever as small businesses and consumers look to recover financially from COVID while planning ahead.”

Utilizing Intuit and PI together, tax professionals will be able to:

• Streamline client onboarding with professional proposals and engagement letters. Utilizing a flexible proposal editor or proposal options to customize for firm and clients’ needs.
• Win more deals quicker with ready to send, premade or customized proposal templates. Collect a digital signature within minutes.
• Eliminate the stress of getting paid by collecting payment details upfront, directly within the engagement letter, upon acceptance
• Have robust workflows with Practice Ignition, Intuit QuickBooks and Intuit Practice Management integrations.

“Using Practice Ignition and ProConnect Tax Online allows us to have a strong workflow when it comes to managing our tax season. We're able to engage with our clients in PI and work on their tax returns in ProConnect. The ability to do this all in the cloud allows our remote workforce to provide a better customer experience to our clients,” said customer Josh Lance, Managing Partner, Lance CPA Group.

With this new partnership, Intuit is enabling tax professionals to have the right tools for maximum efficiency and productivity. These tools help automate compliance work and allow tax professionals to focus more time on their clients, giving firms more room to offer extensive advisory services.

About Intuit

Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving millions of customers worldwide with TurboTax, QuickBooks, Credit Karma and Mint, we believe that everyone should have the opportunity to prosper and we work tirelessly to find new, innovative ways to deliver on this belief. Please visit us for the latest news and information about Intuit and its brands and find us on social.

About Practice Ignition

Practice Ignition helps thousands of accounting firms better engage with their clients all the while running a more efficient business. With Practice Ignition, you’ll save hours of administrative work by automating your client engagement process, preventing scope creep with suggested service and pricing templates, and eliminating receivables with automated payments. Learn more: https://info.practiceignition.com/intuit

This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchase decision.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210405005181/en/

FAQ

What is the partnership between Intuit and Practice Ignition?

Intuit has partnered with Practice Ignition to enhance productivity for tax professionals by integrating automated proposal and payment management with Intuit's professional tax products.

How will the Intuit and Practice Ignition partnership impact tax professionals?

The partnership aims to streamline client onboarding, facilitate compliance work automation, and ultimately allow tax professionals to focus more on client advisory services.

What benefits does the new Intuit and Practice Ignition integration offer?

Benefits include customizable proposal templates, upfront payment collection, and improved workflows for tax professionals.

When was the partnership between Intuit and Practice Ignition announced?

The partnership was announced today, as indicated in the press release.

What is the stock symbol for Intuit?

The stock symbol for Intuit is INTU.