Microsoft Money Heads to the Cloud

Microsoft has taken another step into its cloud computing future, revealing that it will no longer ship retail versions of its Money Plus personal finance package. Instead, the product will move to "100 percent online distribution" and will be updated

Paul Thurrott

August 10, 2008

1 Min Read
ITPro Today logo in a gray background | ITPro Today

Microsoft has taken another step into its cloud computing future, revealing that it will no longer ship retail versions of its Money Plus personal finance package. Instead, the product will move to "100 percent online distribution" and will be updated when required, not on the previous schedule of once a year.

"Incremental updates to the software don't merit a new product every year," the Microsoft Money team wrote in a statement. "In response to our retail partners' needs, consumer behavior and business efficiencies, Microsoft is focusing distribution efforts for Microsoft Money Plus software online via download and discontinuing traditional box sales of the software at retail."

The statement notes that while boxed retail versions of software "won't be going away anytime soon," Microsoft is evolving its strategies to meet the changing needs of the market. That market, increasingly, is moving towards cloud computing solutions, or what Microsoft calls "Software + Services." "This move [to online distribution" means that retailers can provide more inventory of our products, but require less physical space to manage inventory."

While Microsoft Money has never had much success against its entrenched competitor Intuit, the product is a number solid two in that market. Moving it completely to the Web may solve some branding and marketing issues, and allow it to compete more efficiently with that rival product, which has been available online for years.

Read more about:

Microsoft

About the Author

Paul Thurrott

Paul Thurrott is senior technical analyst for Windows IT Pro. He writes the SuperSite for Windows, a weekly editorial for Windows IT Pro UPDATE, and a daily Windows news and information newsletter called WinInfo Daily UPDATE.

Sign up for the ITPro Today newsletter
Stay on top of the IT universe with commentary, news analysis, how-to's, and tips delivered to your inbox daily.

You May Also Like