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SupplierPay Pledge

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At Intuit, we are committed to serving small businesses. Everything we do is focused on making it easier for people to start and run a small business so they can focus on doing what they love. Access to capital is the lifeline of a small business. They need cash to run and grow and ultimately lift our communities and nation

By signing onto the White House's SupplierPay Pledge, Intuit committed to taking active steps to lower the working capital costs of small business suppliers.

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SupplierPay Pledge

  1. 1. — -, “: l’j_-ii‘. , ;‘: At Intuit, we are committed to serving small businesses. Everything we do is focused on making it easier for people to start and run a small business so they can focus on doing what they love. Access to capital is the lifeline of a small business. They need cash to run and grow and ultimately lift our communities and nation. By signing onto the White House’s Supp| ierPay Pledge, Intuit committed to taking active steps to lower the working capital costs of small business suppliers. Progress to date: _ li? ~:. lij ml Small business suppliers Estimated payments Estimated payments after qualified for 10-day payment terms this year more SMB suppliers are qualified Supplier feedback: “ Prompt payment is important to “Wow! Intuit is setting a new small firms such as mine. So, getting standard of excellence. Net 10: paid Net 10 (instead of the current A new industry best practice. I” 45 - 60 days) will help greatly It's a delight to work with Intuit! ” “We are a small business that works with “ We need to have quicker payments very large clients that often set their own so that we are able to ship product payment terms. Often this means waiting more quickly to our customers. 120 days or more for payment. The ability It's quite embarrassing to have to to have accelerated terms would wait for their payment to clear. ” help our company immensely. " Intuit’s other initiatives to help SMBs get access to capital Intuit finds new and innovative ways to ensure that small businesses can access the capital they need through our QuickBooks Financing Platform. This platform allows QuickBooks customers to give a complete financial picture to a number of lenders, ranging from traditional financial institutions to alternative, non-traditional lenders. Dollars funded Additionally, Intuit has implemented financing solutions for small business customers. , _ _ Accountants and small business owners that want to buy our solutions and who cannot ‘Jl Ii ll 3 afford one payment have two options: a deferred payment plan with multiple payments, and a ‘Net 89’ term for three months‘ delay in payment. We've served over 9,000 customers with these plans. Customers with new payment plans www. intuit. com ; Supp| ierPay Pledge ii‘ii'i, iii'

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