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Intuit Inc. Message Board

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  • mauricethepantsman mauricethepantsman Oct 19, 2000 8:29 AM Flag

    What's next?

    Here is an example of B2B:

    PeopleSoft and Intuit Team to Make Taxes Less
    PeopleSoft MarketPlace Links to Quicken TurboTax to Simplify
    Tax Preparation for Employees
    Calif.--(BUSINESS WIRE)--Oct. 17, 2000--PeopleSoft and Intuit are
    teaming up to simplify the tax preparation process for

    PeopleSoft Inc. (Nasdaq:PSFT - news)
    Tuesday announced an alliance with Intuit Inc.
    (Nasdaq:INTU - news) that will enable employees of PeopleSoft
    clients to electronically import their W-2 tax
    information directly into Intuit's Quicken� TurboTax� via
    PeopleSoft MarketPlace, PeopleSoft's comprehensive
    business-to-business (B2B) and business-to-employee (B2E) internet
    trading network.

    The solution gives users of
    PeopleSoft's ePay, one of PeopleSoft's collaborative
    applications, access to payroll information online. This allows
    them to view payroll-related data and manage
    information such as direct deposits, voluntary deductions and
    payroll tax withholding. PeopleSoft MarketPlace, in turn,
    will facilitate the downloading of W-2 information
    into TurboTax.

    Tax filers can then review the
    information and approve the import with a click of their
    mouse, effectively avoiding the task of organizing
    year-end W-2 tax data in the proverbial ``shoebox.''

    The offering is part of Intuit's latest tax
    preparation innovation, Automated Tax Return (ATR), which is
    designed to make electronic tax preparation and filing
    easier and more convenient.

    PeopleSoft expects
    to offer this solution for the 2000 tax filing year.

    ``Our alliance with Intuit demonstrates the power of
    PeopleSoft MarketPlace and the PeopleSoft ePay application
    to easily deliver internet access to complex
    information wherever it's located,'' said Jim Petraglia, vice
    president and general manager of HRMS for PeopleSoft.

    ``By providing simple electronic access to W-2
    information, PeopleSoft and Intuit can now help taxpayers
    prepare and file their taxes in a fully integrated
    end-to-end electronic process, saving time and increasing
    the accuracy of returns.''

    ``Our alliance
    with PeopleSoft is a win all the way around,'' said
    Bob Meighan, vice president of the Intuit Consumer
    Tax Group.

    ``The Automated Tax Return helps
    strengthen PeopleSoft's growing B2E network, offering
    employees in participating companies an additional benefit
    -- the ease and convenience of automatically
    importing tax information into TurboTax. By working
    together, we're delivering a service that will further
    simplify the lives of consumers.''

    The name of the
    game is to build partnerships and/or alliances that
    enable both partners to gain from the transaction. It's
    like liscensing in a sense, I suppose. This cuts out
    the middlemen and reduces expenses. It's the new
    paradigm shift.

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