UPDATED 11:33 EST / JULY 19 2010

Quicken Online Disappears After Outages, Failed Mint.com Port

Just because it’s in the cloud doesn’t mean it will always be there for you, despite the best of intentions. Intuit’s Quicken Online has been shut down today, as expected. What’s missing, however, is a replacement tool. Originally slotted for Mint.com, the personal finance management tool Intuit acquired last year, Quicken Online users are now left with nothing at all.

Little explanation, no viable alternatives and a seemingly non-existent back-up plan has left Quicken Online users understandably upset. After multiple outages and overall disruption in the porting process, Intuit decided against replacing Quicken Online with Mint.com’s services. TechCrunch outlines the message from Intuit, along with a customer comment,

Q. Can I transfer or import my Quicken Online data to Mint.com?
A. No. After careful consideration we made the decision to not transfer or allow customers to transfer their data from Quicken Online to Mint.com.
We realize you may have received messaging several months ago that we would migrate your Quicken Online data into Mint.com. Unfortunately, due to the complexity of the different categorization tables, budgets and account authentication between Quicken Online and Mint.com, there was no way to achieve this with elegance or accuracy. We felt this would give you a very inaccurate picture of your financial situation and require too much manual reconciliation.

One very upset customer asked Quicken to “at least wait until the end of the year so that people can have a complete year’s worth of financial records for tax purposes? I know it’s free, and I know you don’t necessarily “owe” anyone anything, but shutting down the product before the year ends is just a really bad idea, and basically tells consumers “Our product wasn’t worth anything anyway, and you probably shouldn’t use Mint.com either, because the same thing might happen with your data.”

From the outages to the head-scratching results, it’s clear that Intuit is facing some challenges with its cloud computing and storage solutions. Bringing Mint.com into the fold was supposed to be an inexpensive way of adding and distributing its services to Quicken’s existing user base. SaaS is something that’s seen a great deal of integration over the past few years, making it a more operational choice for businesses and consumers.

As the cloud computing trend grows, we’re likely to see more hiccups from roll-out processes as new products and services are incorporated into our favorite platforms. Finding a seamless way in which to do so is more than a matter of project management, but customer relations as well. The debacle leaves  room for competitors to swoop in and take some disgruntled customers, including Freshbooks, which has recently announced $1 billion in handled transactions.


A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU