Mid-sized companies are increasingly turning to QuickBooks® Enterprise
Solutions Advanced Inventory, the popular add-on feature to the
financial software package from Intuit Inc. (Nasdaq: INTU).
Introduced last year, Advanced Inventory integrates robust inventory
management into the familiar QuickBooks workflows of Enterprise
Solutions. The newest version of Advanced Inventory, now available for
purchase, builds on last year's release, adding new features that help
inventory-intensive businesses simplify and solve day-to-day problems.
The popularity reflects the growing demand for Enterprise Solutions,
which had 23 percent growth in new users from 2010-2011. K2 Enterprises,
one of the leading providers of technology continuing professional
education (CPE) for accounting and financial professionals, also awarded
QuickBooks Enterprise Solutions with its 2011
Quality Award in the Small Business Solutions Category.
Enterprise Solutions, now available in Version 12.0 for 2012, is the
most advanced offering in the QuickBooks family. It is designed for
mid-sized businesses that are managing more complexity as they grow or
that are interested in an easy-to-use, powerful financial management
solution with rigorous inventory management capabilities.
"Advanced Inventory brings a full-featured inventory management solution
to Enterprise Solutions, while retaining and integrating the familiarity
of QuickBooks," said Dan Wernikoff, senior vice president and general
manager of Intuit's Financial Management Solutions division. "It's
proven to be a valuable addition for businesses moving up to Enterprise
Solutions, as well as for those already there."
Multi-Location Inventory Management That Hums
The ability to manage inventory by location has been the biggest game
changer for Advanced Inventory customers, turning a juggling act into a
"Before adopting Advanced Inventory, we took inventory once a month. We
had an estimate of product on hand but never had tight control over
stock," said Tim Foster, vice president of Red
Smith Foods, Inc. in Davie, Fla. "Advanced Inventory lets us move
product from one facility to another without creating a cumbersome
transaction, and it gives us immediate insight into inventory amounts by
location so we can efficiently service customer orders."
New Additions to Inventory Management
Building on a solid debut, Intuit expanded the capabilities of Advanced
Inventory in the new release to enhance users' control over inventory
tracking and to help them save even more time in the warehouse.