Microsoft Money News: Meg is gonna be upset…

My wife has used Microsoft Money forever.

In today’s WinInfo Update, Paul Thurrott has some bad news for her:

Microsoft Money Heads to the Cloud
by Paul Thurrott

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 necessary—not on the previous schedule of once per 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 although 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. Increasingly, that market is moving toward 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."

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

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