Intuit boosts e-commerce capabilities with acquisition

Intuit has acquired OneSaas, a 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 channel 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 been responding to these changing business needs by trying to boost small businesses’ relationships with their accountants. Moves such as this acquisition are part of a larger response from Intuit to the new business landscape.

OneSaas integrates data streams from online marketplaces, point-of-sale systems, fulfillment, and other categories of e-commerce platforms, normalizing the data for consumption by QuickBooks Commerce, so users can see a more complete view of their business from diferent channels.

QuickBooks Commerce business users can manage products across multiple online and offline sales channels. They can also manage inventory, orders and fulfillment from multiple channels and across multiple inventory locations. The addition of OneSaas’ capabilities is expected to provide better analytical insights into 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 relationship with Intuit has evolved to become closely aligned over the past several years,” added Jeff Perlman, CEO of OneSaas, also in a statement. “Joining forces with the Intuit QuickBooks team is the right way for us to help more businesses prosper through e-commerce.”