Pocket Quicken SmartWallet Introduced on Motorola Personal Wireless Communicator
MENLO PARK, Calif. — March 7, 1994 — Intuit Inc., (NASDAQ:INTU), the leading developer of personal and small business finance software, Monday announced that it has entered into a letter of intent to include its Pocket Quicken SmartWallet into the Motorola Envoy personal wireless communicator, also announced today.
Motorola's Envoy device, designed with General Magic's Magic Cap software environment, is the first two-way wireless communicator designed for people on the move. Pocket Quicken, created specifically for today's busy professionals, enables users to easily track their business and personal expenditures and keep an account of their daily cash-flow while on-the-go.
"The Envoy personal wireless communicator is the perfect platform for us to offer the benefits of Pocket Quicken SmartWallet," said Scott Cook, president of Intuit. "With Pocket Quicken, Envoy device users gain instant knowledge of exactly how and where they're spending their money. Busy professionals will be able to effortlessly track and organize all of their personal and business expenses."
The introduction of Pocket Quicken for Motorola's Envoy hand-held device is an important step in Intuit's mission of providing financial solutions for mobile individuals. Pocket Quicken makes it easy for users to organize and track their finances — anytime, anywhere. Pocket Quicken, the first personal finance application for the Personal Digital Assistant (PDA) market, provides a breakthrough in financial organization by allowing time-constricted consumers and mobile business professionals to capture and review financial information on-the-go. This "any time, anywhere" benefit is a natural next step for Intuit, whose Quicken personal finance product is the leader in the desktop PC market.
Pocket Quicken, a brand-new product that was designed from the bottom up for the personal communicator market, provides the same basic checking, credit card and cash account tracking as the best-selling Quicken personal finance software. Pocket Quicken's innovative design for portability helps on-the-go consumers organize their finances by providing immediate and accurate financial information.
"We believe that Pocket Quicken SmartWallet will revolutionize the way today's busy professionals track and organize their finances," added Cook. "The graphical richness and quality of Magic Cap's environment made it easy for us to develop this breakthrough design of SmartWallet."
Product Benefits
Easy to Use — Pocket Quicken works the way people work throughout their day. It was designed around the familiar concept of a wallet. A user simply points to an object in the wallet (credit card, cash, check), then records spending information on an "electronic receipt." Pocket Quicken then automatically records and categorizes the transaction.
Organizes All Expenses — Pocket Quicken tracks and categorizes all spending, including checking, ATM transactions, credit cards, and cash. With Pocket Quicken, users always know where their money goes.
Business-Travel Expense Tracking — Pocket Quicken makes it easy to track business-travel expenses. A user can quickly set up "envelopes" to track specific business trips or individual clients. At the end of a trip, the envelope will contain all the information for an expense report.
Fast and Convenient Data Entry — Pocket Quicken's portability provides a major step in enabling fast and convenient data entry. Tracking transactions as they occur, Pocket Quicken users can fill out and categorize "electronic receipts" as fast as they can write and record a check using a traditional checkbook.
Portable Financial Manager — Pocket Quicken's mobility makes it easy for users to keep their finances complete, accurate, and up-to-date. Pocket Quicken can be used as a stand-alone personal finance manager with basic report capabilities or as a data capture device that can communicate with desktop versions of Quicken. Users can merge their data with desktop Quicken via a separate connectivity pack.
Motorola
As a pioneer in mobile communications, Motorola is playing a key role in setting the stage for the "wireless decade." The company has the world's largest research, development and manufacturing effort in wireless communications, and continues to build alliances, such as its partnership with General Magic, that are vital to the growth of the industry. With its expertise in advanced technologies, coupled with newly forged industry alliances, Motorola is a central player in the revolution under way in personal wireless communications.
"Personal and business finance software is a key component for people on the move," said Pat Richardson, vice president and general manager, Motorola's wireless data group. "Intuit's Pocket Quicken SmartWallet is a breakthrough financial solution offering unparalleled features and functionality that will free users from the tedious work of tracking expenses and cash flow."
Pricing and Availability
Pocket Quicken SmartWallet will be included in ROM with every Envoy device. Initial shipments of Motorola's Envoy device are scheduled for summer 1994.
Intuit Inc.
Intuit, based in Menlo Park, is a leading developer of personal finance, small business accounting and tax preparation software. The company develops and markets software products that enable individuals and small businesses to automate commonly performed financial tasks. Intuit's Quicken and QuickBooks products allow users to manage their personal and small business finances. Intuit also provides supplies and services, such as the Quicken VISA card with IntelliCharge, that work with its software to further automate finances. The company's popular TurboTax, MacInTax and ProSeries software enable consumers, small businesses, and professional tax preparers to prepare their own or their clients' tax returns.
NOTE TO EDITORS: Quicken and QuickBooks are registered trademarks of Intuit. Pocket Quicken and IntelliCharge are trademarks of Intuit. Visa is a registered trademark of Visa. Other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
CONTACT:
Intuit Inc.
David Miller, 415/329-3567
Cheryl Ross, 415/329-3569
Wilson McHenry Company
Samantha Lagerloef, 415/592-7600