Intuit boosts e-commerce capabilities with acquisition

Accounting

Intuit has acquired OneSaas, provider of e-commerce data integration software, and plans to accelerate the integration of third party e-comm solutions with its QuickBooks platform. QuickBooks Commerce is a new product that allows small businesses to manage omnichannel sales.

E-commerce capabilities have come to the forefront over the past year as the COVID-19 pandemic forced many businesses to go exclusively online. Intuit has beenrespondingto these changing business needs by trying to boost small business’ relationships with their accountants. Moves such as this acquisition are part of a larger response from Intuit to the new business landscape.

OneSaas is an infrastructure platform that integrates data streams from marketplaces, point-of-sale, fulfillment, and other categories of e-commerce platforms, normalizing the data for consumption by QuickBook Commerce, so users can see a more complete view of their omnichannel business.

QuickBooks Commerce business users can launch and manage products across multiple online and offline sales channels, and manage inventory, orders and fulfillment from multiple channels and across multiple inventory locations. The addition of OneSaas’ capabilities is hoped to provide better analytical insights to the data gathered from QuickBooks Commerce functions.

“Now more than ever, it’s critical for small businesses to have an omni-channel sales strategy,” said Alex Chriss, executive vice president and general manager of QuickBooks, in a statement. “The OneSaas team has built an outstanding data integration platform that makes it easier for our small business owners to manage and grow their business through new channels, and the confidence to make decisions through actionable insights that drive profitability.”

”The OneSaas relationship with Intuit has evolved to become closely aligned over the past several years,” added Jeff Perlman, CEO of OneSaas, also in a statement. “Our mission has always been to help businesses understand and benefit from their own commerce data. Joining forces with the Intuit QuickBooks team is the right way for us to help more businesses prosper through e-commerce.”

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