Key benefits include massive time savings, superior reporting for insights, reduced accounting costs, and easier regulatory compliance. Small businesses can use the platform to streamline expense reporting and reimbursement through approval flows and receipt processing features. Dext Prepare’s pricing starts at $30 per month, and a 14-day free trial is available.
Dext Prepare (with Receipt Bank) Pricing Overview
All scanned or photographed source documents are securely stored in the cloud. Free trials are provided so businesses can evaluate the software’s fit prior to purchasing. Pull invoices from 1,400 suppliers, automatically categorise documents and enable each line item to be labelled individually.
- She also regularly writes about business for various consumer publications.
- This means you can use Dext at the heart of your accounting and bookkeeping workflows without any worries.
- It provides visibility and insights across all clients, enabling effective client management.
- Which can be a problem for expensing, say, the tip you leave for your hotel room’s housekeeper.
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Over 700,000 businesses and 12,000 bookkeeping and accounting firms worldwide use Dext virtual fundraising event invitation to make more time for the things they do best. Receipt Bank is a promising accounting automation solution that can deliver tremendous efficiency gains. However, businesses must carefully evaluate their specific needs and readiness for modernized financial processes before implementation. Dext Prepare shows promising features that can compete with its direct competitors. It’s best suited for small businesses since it provides a convenient way for them and their accountants to upload invoices and receipts.
Take a Picture, Capture the Data
Rather than typing information into accounting software, the data flows directly from receipts and invoices. This automation enables accounting teams to focus on more strategic initiatives. Users how much cash can you withdraw from your bank highly recommend this software for its easy and fast processing of bills and invoices. They find it to be a favorite time saver at work and praise its user-friendly interface. Many users suggest giving it a try to experience the time-saving benefits firsthand.
Receipt Bank aims to save accounting teams significant time by eliminating manual data entry. It targets its solution at small and mid-sized businesses looking to modernize financial processes. Special receipt scanning features are those that put the provider ahead of its competition. We don’t expect all providers to have all of these; they simply make receipt scanning easier and enhance user experience in managing scanned documents.
In this criterion, we gave more weight to file and document organization, file sharing and collaboration, and expense tracking. Overall, Dext Prepare with Receipt Bank addresses common challenges such as receipt overwhelm, tedious data entry, and inefficient communication with clients. By streamlining the process of capturing, organizing, and managing receipts, it simplifies bookkeeping tasks for both internal organization management and client management. The reporting and analytics within Receipt Bank offer working capital ratio real-time visibility into spend.
It works mightily—and successfully—to respond to individual receipts rather than formal “reports.” It permits anyone granted “approver” status to give an OK for reimbursement. And it relies heavily on integration with third-party applications, particularly cloud-based accounting applications, to perform the heavy back-end lifting. Though if you’re looking for more traditional top-line expense management, check out our Editors’ Choices, Certify Now, Rydoo, and Expensify. They can test out features like automated data extraction, reporting, and accounting software integrations at no cost. This makes it low risk to validate if Receipt Bank is the right financial automation solution.
Law firms, marketing agencies, consultants and other service providers often reimburse high volumes of employee expenses. Receipt Bank reduces the manual workload of processing expense reports and receipts. This saves professional services firms substantial time that can be reallocated to billable work.