Future Intuit CEO Sees Opportunity for Growth in Open Platform, A.I.
*By Chloe Aiello*
Intuit's incoming CEO Sasan Goodarzi says an open platform will be key to keeping competition at bay.
As the financial software company, best known for products like QuickBooks and TurboTax, prepares to welcome its new leader, it is also fighting to keep up with rivals in tech. Goodarzi, an Intuit ($INTU) veteran and currently EVP of small business, said the company will rely heavily on artificial intelligence and third-party and partner developers to get a competitive edge.
Goodarzi said Intuit is focused on meeting its small business customers' two key needs: putting more money in their pockets, and helping them "focus on their passion" by eliminating "work and drudgery."
"A key way in which we do that is through an open platform," he said.
The company opened up its platform to developers and partners to enable compatibility with virtually any application a customer might need. Goodarzi said Intuit currently has about 600 apps on that run on its platform, including a point of sale application, which ups its competitive edge against rivals, like Square ($SQ), PayPal ($PYPL) and Verifone ($PAY).
"It gives the ability for our small businesses to be able to run their businesses no matter what app they need," Goodarzi said.
The company is also using artificial intelligence to address what Goodarzi called "some very hard problems," including powering QuickBooks Capital, a fintech lending tool Intuit launched to help its customers secure loans.
A.I. "is the next platform, very similar to the internet, that will ignite the next chapter of growth," he said.
As Goodarzi prepares to step into his new role and steer Intuit boldly into the future of technology, he says there are a few lessons he'll carry with him from his years in other roles at the company.
"The thing that all of these roles have taught me is the most important thing is our customers, and really, obsessively focusing on what matters most to our customers. And I would say the second thing is really inspiring the employees to accelerate the rate of innovation," he said.
Intuit is expected set to report quarterly earnings and revenue on Nov. 19 after market close.
For full interview [click here](https://cheddar.com/videos/future-intuit-ceo-sasan-goodarzi-discusses-software-industry-in-wake-of-ibm-and-red-hat-deal).
U.S. sports betting is booming as NFL and college football fuel massive activity. BetMGM CEO Adam Greenblatt breaks down trends, growth, and what’s next.
President Donald Trump says a deal struck by Netflix last week to buy Warner Bros. Discovery “could be a problem” because of the size of the combined market share. The Republican president says he will be involved in the decision about whether federal regulators should approve the deal. Trump commented Sunday when he was asked about the deal as he walked the red carpet at the Kennedy Center Honors. The $72 billion deal would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.
Disney's changes to a program for disabled visitors are facing challenges in federal court and through a shareholder proposal. The Disability Access Service program, which allows disabled visitors to skip long lines, was overhauled last year. Disney now mostly limits the program to those with developmental disabilities like autism who have difficulty waiting in lines. The changes have sparked criticism from some disability advocates. A shareholder proposal submitted by disability advocates calls for an independent review of Disney's disability policies. Disney plans to block this proposal, claiming it's misleading. It's the latest struggle by Disney to accommodate disabled visitors while stopping past abuses by some theme park guests.
With a merger this big, creators, studios, and theaters all face uncertain futures. Here’s what experts are worried about and what good could come from it.
With disengagement rising and hybrid work shifting, 'Everybody Matters' author Bob Chapman explains why treating people well could define the future of work.
We sat down with Ali Furman, U.S. Consumer Markets Industry Leader at consulting firm PwC to ask what trends she garnered from the initial data this year.
Seth Schachner breaks down Zootopia 2’s record-smashing debut, holiday box office trends, early 2026 Oscar contenders, and what’s next for Netflix and WBD.