EXPANSION OF PARTNERSHIP BETWEEN QUICKBOOKS AND QUICK BOOKS - INTUIT AND AMAZON

Latest articles from our newsletter, Fundamental Findings:

• EXPANSION OF PARTNERSHIP BETWEEN INTUIT AND AMAZON
• GREENCOAT UK WIND CHANGES DIRECTION WITH FEE STRUCTURE REVAMP

EXPANSION OF PARTNERSHIP BETWEEN QUICKBOOKS AND QUICK BOOKS - INTUIT AND AMAZON

Business Wire are reporting that Intuit's QuickBooks (a constituent of our Fundamental Global Growth Portfolio) is poised to become a game-changer for millions of Amazon sellers through a strategic partnership announced in December 2024. This collaboration aims to empower sellers by streamlining their financial management and fuelling their business growth.

QuickBooks as the Preferred Choice:

The agreement positions QuickBooks as the go-to solution for financial management within the Amazon Seller Central platform. This central hub for sellers will now offer seamless access to Intuit's AI-powered platform. This integration equips sellers with valuable financial insights, including profitability, cash flow, and tax estimates, allowing them to make data-driven decisions for their businesses.

Benefits for Amazon Sellers:

• Unified Financial View: Sellers can finally gain a holistic perspective on their finances. QuickBooks integration within Seller Central eliminates the need to manage finances in separate systems. Profitability, cash flow, inventory, and real-time tax estimates can all be accessed and managed from a single platform.
• Simplified Access to Capital: Eligible Amazon sellers using QuickBooks will have a direct line to personalized loans through QuickBooks Capital. This streamlines the process of securing funding for business growth, allowing sellers to capitalize on opportunities without the usual hurdles.
• Pathway to Growth: Intuit's AI platform goes beyond basic accounting by offering deep business insights. Sellers can leverage these insights to make informed decisions and focus on growing their businesses.

Focus on Responsible Data Practices:

Intuit prioritizes data privacy and security. Their AI-driven platform adheres to responsible AI governance principles. This means that customer data will be safeguarded using industry-leading technology and practices.

GREENCOAT UK WIND CHANGES DIRECTION WITH FEE STRUCTURE REVAMP

It is being reported by Trustnet that Greencoat UK Wind (a constituent of our Fundamental UK Dividend income Portfolio), a leading infrastructure investment trust, has announced a change to its fee structure to align more closely with shareholder interests. Starting from January 2025, the trust's investment manager, Schroders (also a member of the Fundamental UK Dividend Income portfolio) will base its fees on the lower of the trust's market capitalisation or net asset value (NAV). This move is expected to result in a significant fee reduction, particularly given the current discount to NAV.

The change in fee structure is a positive development for shareholders, as it ensures that the manager's fees are directly linked to the performance of the trust's share price. This increased alignment is likely to boost investor confidence and potentially lead to a narrowing of the discount.

This decision by Greencoat UK Wind sets a precedent for other investment trusts to consider similar fee structures. As investors become increasingly aware of fees and their impact on returns, pressure is mounting on investment companies to adopt more shareholder-friendly fee arrangements.

The move has been welcomed by analysts and investors alike. Deutsche Numis has highlighted the potential benefits of the fee reduction, including an increase in the implied returns from the trust's portfolio.

THOUGHTS, SUGGESTIONS OR QUESTIONS?

Will the QuickBooks and Amazon partnership improve things for sellers, buyers and shareholders? Let us know your thoughts. To discuss this article, the Fundamental UK Dividend Income Portfolio or the Fundamental Global Growth Portfolio, please comment below or email [email protected]. You can also speak to a real person on 01923 713 894.