![]() The team rapidly developed a solution to simplify and automate the PPP loan application process to help the very small businesses access this program. Third, as of May 20th, Intuit helped make available over $875 million of approved small business loans to customers from the Paycheck Protection Program, or PPP, through QuickBooks Capital. This new tool is based on the same knowledge engineering which is used by TurboTax to simplify the tax code. Intuit Aid Assist uses artificial intelligence to distill the complexity of hundreds of pages of the CARES Act and convert it into an easy-to-understand user experience, delivering a personalized and actionable recommendation. Second, we launched Intuit Aid Assist to simplify the process of quickly connecting small businesses to the right relief funding programs based on eligibility. We're proud to have donated our time and expertise to help the IRS quickly disburse billions of dollars in stimulus payments to Americans. These offerings help more than 10 million Americans not required to file a tax return to easily register with the IRS to get their stimulus money. First, in less than a week, following the IRS announcement we introduced three free stimulus registration tools in partnership with the IRS. The challenges facing consumers and small businesses during this difficult time have inspired our teams to innovate with speed and apply platform capabilities to help solve several problems caused by this pandemic.Īs a result, let me share three examples of how we're helping consumers and small businesses get access to aid and relief. I'm even more proud of how in the face of uncertainty, our employees' commitment to customers has grown even stronger. I'm proud of how our employees adapted to this sudden change and how seamlessly we transitioned our 10,000-person workforce around the world to work-from-home environment. ![]() And fourth, supporting our customers, our partners and the communities where we live and operate. Third, keeping our workforce engaged and productive. Second, ensuring that we run the business effectively and continue to deliver for our customers. This has been and will continue to be our number-one priority. At the onset of the pandemic, we created an enterprise crisis team to drive four work streams.įirst, keeping our employees safe and healthy. Let's start with our response to the pandemic, where unprecedented uncertainty along with widespread shelter-in-place initiatives have changed our daily lives. Then I'll put these results in context of our long-term strategy and finish by talking about our playbook for leading in a downturn to accelerate our performance. I'll start by sharing how we responded to the pandemic with our employees, customers, share our results for the quarter, and highlight recent trends in our business. I'm going to cover four topics on today's call to help you understand our performance in the quarter and our outlook longer-term in context of the global COVID-19 pandemic. Thanks Kim, and thanks to all of you for joining us today. A copy of our prepared remarks and supplemental financial information will be available on our website after this call ends.Īnd with that, I'll turn the call over to Sasan. Unless otherwise noted, all growth rates refer to the current period versus the comparable prior year period, and the business metrics and associated growth rates refer to worldwide business metrics. ![]() We've reconciled the comparable GAAP and non-GAAP numbers in today's press release. Some of the numbers in these remarks are presented on a non-GAAP basis. We assume no obligation to update any forward-looking statement. All of those documents are available in the Investor Relations page of Intuit's website at. You can learn more about these risks in the press release we issued earlier this afternoon, our Form 10-K for fiscal 2019, and our other SEC filings. There are a number of factors that could cause Intuit's results to differ materially from our expectations. Before we start, I'd like to remind everyone that our remarks will include forward-looking statements. I'm here with Intuit's CEO, Sasan Goodarzi and Michelle Clatterbuck, our CFO. Good afternoon, and welcome to Intuit's third quarter fiscal 2020 conference call.
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