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January 6, 2009 9:38 PM PST

A quick talk with Scott Cook, Intuit's co-founder and chief booth babe

by Rafe Needleman

Scott Cook demos new TurboTax for Mac at MacWorld.

(Credit: Rafe Needleman/CBS Interactive)

I spied Scott Cook, a founder and former CEO of Intuit, which makes Quicken and Quickbooks, at his company's Macworld booth, giving demos just like any booth worker.

That's curious--you don't see big company billionaires mingling with consumers in a frenzied trade show environment too often (although you should). So I snared him for a quick interview about his booth duty and the plans for Intuit overall.

Regarding hanging out with The People, Cook simply said that it's a great way to get customers to talk to him for free (versus paid surveys, I assume) and that it's good to hear what you are doing wrong (as a Quicken for Windows user, I could give have given him an earful, but time was short). He also likes to see how his team presents to customers.

On Intuit's overall strategy, Cook says Intuit is pursuing a strategy based around online and mobile access to financial data. U.S. consumers spend $7 billion a year in overdraft fees, he says, and there's no excuse for that when your phone could alert you when you're about to overextend yourself. Thus: Quicken Beam, Quicken Online (which recently got a refresh), and an online version of the small business app Quickbooks. There's also an online version of TurboTax, which will compute and file your federal taxes for free. State returns are extra, though.

Quicken Mobile gives you quick visibility in your basic financial position.

(Credit: Rafe Needleman/CBS Interactive)

At the same time, Intuit seems to be renewing its commitment to standalone apps, or at least to the Mac.

Quicken for Mac is being retired in favor of a newly built financial management app called Financial Life, now in a very early public beta. It looks, at first glance, like a nicely designed version of Quicken, simpler to get in to than the company's traditional software. (On Windows, Quicken 2009 looks like a typical upgrade for Intuit from Quicken 2008: a few new features, but according to user reviews, lacking needed reliability improvements.)

Yet despite Cook's mission to offer holistic financial suites for its users, Intuit is not yet delivering on integration between its products. For example, if you use Quicken Mobile to update your Quicken Online account, that data won't make it into your Quicken software installation on your personal computer. And data files cannot be shared between Mac and Windows installations.

Rafe Needleman writes about start-ups, new technologies, and Web 2.0 products, as editor of CNET's Webware. E-mail Rafe.
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Add a Comment (Log in or register) (8 Comments)
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by Remo_Williams January 7, 2009 5:17 AM PST
"Yet despite Cook's mission to offer holistic financial suites for its users, Intuit is not yet delivering on integration between its products. For example, if you use Quicken Mobile to update your Quicken Online account, that data won't make it into your Quicken software installation on your personal computer. And data files cannot be shared between Mac and Windows installations."

So, perhaps maybe, just maybe, Google has a good point about forcing/inducing its users to save their data in their cloud. I do not like the lack of desktop synchronization for my Google<->Outlook needs, but that may yet find a complete solution at some point. For now, my G1 does carry the very latest data, in part because my true data store is in the cloud.

-R
Reply to this comment
by achriss January 7, 2009 6:59 AM PST
Remo - I think you have a great point - and I think you'll be pleasantly surprised with what we're doing with the Intuit Partner Platform - Intuit & third-party SaaS apps that work together with your QuickBooks desktop data (and keep it synch'd) It's not Quicken data (yet) but should give you a sense that we're on top of connected services!
-Alex

Business Leader, Intuit Partner Platform
http://workplace.intuit.com
by ken10hcky January 7, 2009 6:24 AM PST
what? no pics of the booth babe?
Reply to this comment
by nicmart January 7, 2009 7:15 AM PST
Thank goodness Rafe didn't disturb the man by asking him any impertinent questions about the wave of criticism direct at Intuit regarding price increases, hidden charges, etc. We don't want our reporters upsetting the apple cart.
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by briansweat January 7, 2009 8:52 AM PST
It's amazing to see leaders really listening to customers, as opposed to the "paid surveys".

Reminds me of Richard Branson shining Guy Kawasaki's shoes at http://blogs.openforum.com/2008/12/17/the-art-of-customer-service/
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by toplawyer January 7, 2009 6:11 PM PST
Yes! I do agree, it is most unusual to see Internet leaders doing their best to listen and understand there customers. I also liked your added comment: as opposed to the "paid surveys". Frank Sullivan <a href="http://www.giveawaylegalforms.com/">legal forms</a> Website Owner
by toplawyer January 7, 2009 6:16 PM PST
Yes! I do agree with brainsweat, it is MOST unusual to see Interent gurus really listening to customers, as opposed to the often overused "paid surveys". Frank Sullivan <a href="http://www.giveawaylegalforms.com/">legal forms</a> Website Owner
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by Maxenet January 8, 2009 1:15 PM PST
No mention of the Booth Babe -- bummer :o(
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