Microsoft Money – gone

by admin on June 17, 2009

in Cloud Computing/SaaS

This from the Microsoft website:

Important notice: Microsoft Money Plus will not be available for purchase after June 30, 2009. All purchased Money Plus products must be activated prior to Jan. 31, 2011.

With banks, brokerage firms and Web sites now providing a range of options for managing personal finances, the consumer need for Microsoft Money Plus has changed. After suspending annual updates of Money Plus in 2008, Microsoft is announcing today that we will no longer offer Microsoft Money Plus for purchase after June 30, 2009.

We would like to thank the many dedicated users who have been enthusiastic supporters of Microsoft Money over the years, as well as our partner financial institutions who helped pioneer a digital vision of financial management.

Microsoft remains committed to helping customers chart a course to financial well-being. The MSN Money Web site will continue to provide personal finance information and advice plus comprehensive market news and quotes. We will continue to evolve and enhance the online MSN offering in the coming months.

Current Money Plus customers who have questions or concerns can find additional information here.

Anyone see that one coming? It’s clear that MS Money wasn’t cutting it for the shareholders so down into history it goes. But I wonder whether this is not indicative of the way the SMB software market is going. Let’s put it this way – almost every SMB vendor email which has a cloud/on-demand offering wants to schedule interviews with me. There’s a lot of them knocking on my door. What does that tell you?

Zoli Erdos,whose blog is referenced below, does an excellent job dissecting the reasons for Money’s failure.

Joe Wilcox provides a further perspective, including:

Microsoft has seen the future of personal finance, and it’s not Money. Nor is it Quicken. Intuit faces the same banking competition pressure as Microsoft—actually more so, since financial software and services are Intuit’s only lines of business. Money was a pittance in Microsoft’s global software empire.

If the banks and web service providers are already sneaking off with personal finance how long will it be before they move into the SMB space? Not long at all I suspect.

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Comments on this entry are closed.

Rana January 6, 2010 at 11:41 am

OK, Money is dead. But is there an option. Intuit does not sell in my country. So what should I do. Open source solution are very basic and hard to use.

Rana January 6, 2010 at 2:41 pm

OK, Money is dead. But is there an option. Intuit does not sell in my country. So what should I do. Open source solution are very basic and hard to use.

Rana January 6, 2010 at 11:41 am

OK, Money is dead. But is there an option. Intuit does not sell in my country. So what should I do. Open source solution are very basic and hard to use.

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