Software Developer Awarded $1 Million Dollars

Many business owners have now heard of or use Quickbooks by Intuit

. Quickbooks merchant services is one of the keystone products of the Intuit company. On August 31, 2011, Hugh Molotsi received the "Founders Innovation Award," for his role in the development of Quickbooks Merchant Services. An employee of Intuit for many years, Hugh discovered a business problem by talking to business owners about why they weren't use credit card processing and the most frequent response he got was that they didn't know how to do it.

Providing a solution to that problem was the beginning of the creation of Quickbooks Merchant Services which Hugh was instrumental in developing. It was released in 1999. During the first two months, Quicbooks Merchant services became profitable. Within the first year, they had 3,000 customers. The company continued to grow their revenues year after year. Intuit's future businesses were built on the fundamentals that the Quickbooks Merchant Services had. Most of Intuit's revenues and profits come from Quickbooks Merchant Services. Intuit's main source of revenue is based on the information and services from Quickbooks Merchant Services.

Hugh earned four Intuit Innovation Awards and two leadership in excellence awards. Scott Cook, Intuit's founder, said he is a teacher and a great leader. He is a continuous learner and focuses on self-improvement. He received Intuit's special recognition, special access to Intuit events, and a financial reward of $1,000,000.00. Intuit Company Development

Intuit has produced the popular accounting software, Quicken for personal finance, Quickbooks, and Turbo Tax. Intuit is a financial services company founded in 1983 by Scott Cook, former employee of Proctor & Gamble and Tom Proulx, a computer programmer studying at Stanford University. These two brilliant people worked together to help make people's lives easier by creating the first software accounting program for families and businesses.

Intuit now has a revenue of $3.9 billion dollars, was ranked #44 by CNN as one of the top companies to work for and was ranked in Forbes magazine as one of the top 100 most inventive companies. Their mission statement is to remain "driven by our passion for inventing solutions to solve important problems, perfecting those solutions and delighting our customers." Intuit makes a practice of rewarding their innovative employees by giving them special recognition and handsomely rewarding them financially. Intuit has become a success story inspiring people from all walks of life.

In case you don't own a $3.9 billion dollar company, but your small business can easily run their accounting functions with Intuit software. You can easily process your credit card payments because of the innovation of Intuit.

by: Sherry Tingley

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