CS&D Jeopardy - Project Duet & Genie

Strategy Says

100

What is the primary strategic rationale of the Genie acquisition?

Accelerates WFS's HCM platform build to expand offerings for MM customers

100

What two critical financial challenges faced by SMBs does the Duet acquisition solve, and what is the strategic rationale of delivering a Business Credit Card (BCC)?

1) Limited access to credit and lack of real-time spend visibility

2) Deserve’s in-house card capabilities and experienced team enables us to accelerate Money offerings and better serve SMB/MM customers by delivering card issuance, intelligent credit decisioning, automated spend mgmt, and rewards

Unbottling HCM & Playing Your Cards Right

100

What is the WFS opportunity with Genie?

• Rapidly expand MM offerings by launching a comprehensive HCM platform (including performance management, benefits admin, and team management capabilities) significantly faster than building in-house.
• Drive revenue growth and improve MM customer retention by integrating these advanced HCM capabilities into Premium/Elite SKUs, thereby increasing ARPC and meeting complex customer requirements.

100

What is the QB opportunity with Duet?

Adds Critical “Money Out” Capabilities: Augments Bill Pay product and offers comprehensive financial platform that our customers are increasingly adopting with alternative providers (i.e. Ramp, Bill/Divvy) who have built robust offerings and customer bases

Off To The Races

100

What is the product launch plan for Genie?

The product launch plan involves a phased rollout to integrate Genie's HCM capabilities into the QBO ecosystem.  

• Phase 1: Alpha in November 2025

• Phase 2: Beta in February 2026

• Phase 3: GA in May 2026

• Phase 4: Complete Integration

100

What is the launch timeline of the Intuit Business Credit Card?

The product roadmap will accelerate the BCC launch as part of our platform, which will occur in 3 phases:

• Phase 1: Alpha in Oct 2025

• Phase 2: Beta in Feb 2026

• Phase 3: GA in Aug 2026