Pax8's Cloud Marketplace for MSPs Puts a New Spin on Intuit Quick Books Online


Pax8's Cloud Marketplace for MSPs Puts a New Spin on Intuit Quick Books Online

By Special Guest
Reece Loftus, MSPToday Contributing Editor

With more automation and integration being added to cloud marketplaces to bring more efficiency to MSPs and more value to their SME customers, Pax8, one of the largest and fastest-growing B2B e-commerce platforms announced this week they have partnered with Intuit to make QuickBooks Online more easily discovered, provisioned, billed and managed.

This popular financial application support synchronous and asynchronous collaboration among remote and dispersed teams and has become more valuable as more companies are continuing to evolve and enrich their distributed workforce models, whether all members of accounting and finance teams, for example, are working from home, are in the office or operating in a hybrid environment.

QuickBooks includes integrated tools to track income and expenses, invoices, payments, sales and sales tax, inventory, and more.  The security and compliance features for which Intuit is known give employees safe access to the tools essential to their work. 

Pax8 and Intuit today announced access of QuickBooks Online to managed service providers (MSPs) through the Pax8 cloud marketplace.

“QuickBooks Online helps our customers save time and accomplish more. Now they can take advantage of Pax8's global reach, consolidated billing, 24/7 support, and technical expertise,” said Bobby Morrison, Senior Vice President and Chief Revenue Officer, Intuit. “With Intuit and Pax8 together, SMBs have everything they need to manage financial growth across multiple locations.”

Now MSPs in North America have access to a cloud deployment that provides customers with a powerful, streamlined suite of financial management tools they can access at any time and from any location, helping customers overcome their most important financial challenges.

“Our partners have been asking us to add Quickbooks to our suite of technology solutions, and we are thrilled to offer their gold standard of cloud financial solutions,” said Ryan Walsh, Chief Operating Officer at Pax8. “Running a business can be challenging, including managing the accounting of the business. Intuit’s cloud solutions simplify the financial management process with data backups to the cloud, automated workflows to ensure accuracy and increase efficiency, and custom reporting.”

As a born-in-the-cloud company, Pax8 simplifies the buying journey, empowering its partners to achieve more with cloud technology. The company’s technology displaces legacy distribution by connecting the channel ecosystem to its award-winning transactional cloud marketplace. Through billing, provisioning, automation, industry-leading PSA integrations, pre and post-sales support, and education, Pax8 is a proven disruptor in the market.

The company recently shared that it has grown to 25,000 partners and 225,000 end-user clients.

Intuit reported record revenues earlier this year, reporting total revenue of $5.6 billion, up 35 percent.

“We are confident in our strategy and execution across the company as we become the global AI-driven expert platform powering the prosperity of consumers and small businesses,” said Sasan Goodarzi, Intuit's chief executive officer. “We had another strong quarter, and we are raising Intuit’s revenue and operating income guidance for the fiscal year 2022.”

Intuit, which is the maker of TurboTax, QuickBooks, and other accounting software, gained 16.38% in July, outpacing the technology sector (The computer and Technology sector gained 6.64%, while the S&P 500 gained 6.69%). The company will be reporting earnings on August 23.

Edited by Erik Linask

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