CB Richard Ellis Gains Significant Efficiencies With Intuit Real Estate’s Budgeting Solution

SYDNEY — September 24, 2009 — CB Richard Ellis has implemented Intuit Real Estate Solutions’ cash flow budgeting solution to streamline the budgeting process for 1,700 properties managed by its Australia/New Zealand division.

CBRE is a commercial real estate services firm serving real estate owners, investors and occupiers through more than 300 offices worldwide. IRES, a division of Intuit Inc. (Nasdaq: INTU), develops innovative real estate management software solutions for the global real estate industry, including its flagship offering, MRI Commercial.

CBRE needed a comprehensive budgeting solution that would seamlessly integrate and enhance the MRI applications it purchased several years ago.

“Adding the IRES budgeting solution was a natural progression to get the most out of our existing MRI services and the new budgeting applications,” said Peter Richardson, systems controller for CBRE’s asset services group division.

The IRES solution shortened the time needed to create budgets and forecasts, while increasing data accuracy.

“Our previous budgeting and forecasting process involved a number of complicated and time-consuming steps,” Richardson said. “It effectively involved spreadsheet-based modeling, and then importing the resultant data into MRI. It was extremely labour intensive and prone to error.

“The IRES solution streamlines the process by seamlessly integrating all the existing elements,” Richardson said. “It improves efficiency and simplifies the budgeting and forecasting cycle. It provides version control, transparency, workflow and authorization trails all in one application. It will help us create more dynamic and timely ‘what if’ analysis to clients and asset managers.”

Robert Zasadzki, managing director of Intuit Australia and New Zealand, said the implementation strengthens the company’s relationship with CBRE.

“Our clients value efficiency and accuracy,” Zasadzki said. “We’re confident that our budgeting solution will streamline CBRE’s processes, provide more dynamic forecasting, improve productivity and ensure a much higher degree of budget and forecasting accuracy. Meeting many needs, cash flow budgeting will be a benefit to CBRE and its customers.”

About Intuit Real Estate Solutions
Intuit Real Estate Solutions offers business management solutions to the global property management industry as well as to corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, Intuit Real Estate Solutions develops long-term successful relationships with its clients. The business currently has more than 4,500 installations on five continents and in 41 countries. For more information, please visit www.realestate.intuit.com.

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide.

CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a Business Week 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row.

About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. The company has approximately 8,200 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

Intuit was named the “World’s Most Admired Software Company” by Fortune Magazine in 2009, in addition to being named “America's Most Admired Software Company,” from 2005 – 2008. In January, Intuit was named to Fortune’s “100 Best Companies to Work For” list for the eighth consecutive year.