An Update from Eric Dunn, Quicken CEO

Dear Quicken Simplifi user,

I’m writing with updates on Quicken Classic, Quicken Simplifi, and our company as a whole. I’d also like to take this opportunity to extend a warm welcome to the large cohort of former Mint users who have come over to Quicken since the Mint shutdown was announced last fall. As you’ll see below, we’re working hard to make sure Quicken offers the best solutions for your finances, both today and for the years and decades to come.

We have continued to work on Quicken Classic for Windows since my last letter, and I can report that we’ve seen measurable improvements in reliability and financial institution download success. We furthered our modernization efforts with a refreshed look for the Reports & Graphs Center and Reports Customization. Additionally, we implemented several minor enhancements to our reports and introduced the Lifetime Overview Report,* giving users a holistic, long-term view of their finances.

We have also just released an important feature that’s been in the works for well over a year: Pending Transaction support. Pending Transactions, available for Express Web Connect (EWC) and Express Web Connect Plus (EWC+) connectivity methods, allow you to view (and optionally categorize) recent transactions within hours of their occurrence, a day or more before they are reflected in your bank’s posted transactions.

We’ve also added Simple Investing support for ~100 brokerages for which we previously offered no download capability.

Quicken Classic for Mac has continued to improve as well, with a wide variety of enhancements to the dashboards and better graphs for investments, loans, and projected balances. We now provide more flexibility in managing tags and categories, including the ability to merge subcategories, as well as added support for Canadian holidays and the Canadian Schedule 3 report. Last fall we delivered our initial release of our Business & Personal version with complete tracking for multiple businesses using tax schedules C, E, and F—and more on the way later this year.

All of our Quicken Classic users have access to our web and mobile Quicken Classic Companion Apps, which now offer customizable reports, report export to PDF and Excel, an annual budget view, and significant mobile performance improvements.

Meanwhile, our cloud-based Quicken Simplifi continues to mature and has now surpassed even our own ever-popular Quicken Classic among new users adopting Quicken. Since my last letter, we’ve extended and improved Simplifi’s reports and its unique Spending Plan, we’ve added a Credit Score report, and we provided a much-requested “rollover” feature in Planned Spending. We also greatly improved our Mint Import to make the transition easy for the many Mint users who have been switching to Simplifi.

Across all our products we have made real progress on the reliability of financial institution downloads: we now perform over 66% of our bank and brokerage downloads (by volume) via modern Open Authentication (OAuth) APIs or Direct Connect, a big improvement from ~50% in 2021. We have more work to do, but we are already seeing a solid reduction in error rates thanks to these changes.

Finally, on the company front, all of us here at Quicken Inc. are delighted with the new Quicken logo and branding, which we feel accurately reflects the modern, tech-forward personality of our company today.

Thanks for being a Quicken user!

Eric Dunn
CEO, Quicken Inc.