With technology set to form a large part of the accounting industry’s growth in coming years, many firms are embracing the benefits of automated bookkeeping software, as many have predicted.
Dext, the most accurate receipt capture software available, has been an integral part of many firms’ digitisation journeys. With more than 300 million transactions processed in 2023 alone, Dext is being adopted by a growing number of accountants and bookkeepers.
Why are so many accounting firms turning to Dext to boost their digital transformation and future-proof their business? Let’s take a look.
Greater practice efficiency
One of Dext’s most significant benefits for accounting firms is the software’s vast capacity for improving efficiency and saving time:
- It makes bookkeeping data capture and coding simple, with flexible submission methods and a market-leading level of accuracy.
- With integrations and deep links to all the accounting software tools that clients use, Dext helps improve efficiency across the entire accounting lifecycle.
- Data quality control and intelligent checks built into the software ensure that client data is accurate, clean and reliable.
Find out how Dext has helped Gecko Bookkeeping achieve a 60% reduction in manual data entry.
Improved client services
Dext also supports accounting firms with delivering a variety of first-rate services to their clients. By providing accountants and clients with an easy and enjoyable way to collaborate, the software also helps to make accountants’ relationships with clients even better.
- The software gives clients and accountants greater visibility of their business finances, which helps to facilitate more productive conversations.
- With features that make it easy for clients to stay on top of their business bookkeeping, accountants no longer have to nag or chase them.
- Dext updates clients’ figures in real time, allowing accountants to see exactly what’s going on and provide clients with up-to-the-minute advice and guidance.
Learn how Dext has helped Inform Accounting introduce greater flexibility and variety to the firm’s range of client services.
More growth opportunities
With efficiency improved and clients keeping on top of their business bookkeeping, accountants who use Dext have increased capacity to pursue growth opportunities for their firms.
- By taking care of the tedious bookkeeping admin, Dext frees accountants up to focus on delivering valuable advisory services.
- With more time available, the firms are better positioned to take on more billable work and grow their client base.
- Dext provides deep insight across the full accounting cycle, which firms can use to identify opportunities to become more profitable.
Find out how using Dext has helped small business accounting firm Accounts and Legal to expand its digital commercial services.
How does Dext work?
So how does Dext deliver such valuable benefits to accountants and bookkeepers? To explain, let’s take a closer look at what we offer.
Our product, Dext, uses OCR technology to collect your clients’ paperwork with 99% accuracy. The software recognises and extracts text and data from images of receipts, invoices, and bank statements. It then converts the characters from those documents into machine-readable text. This allows clients and accountants to digitise the paperwork and then organise and store the information online.
There’s no manual data entry required: all the client or accountant has to do is take a photo of each document and upload it to Dext through an easy-to-use mobile app.
The software then uses machine learning and state-of-the-art AI to create categorised accounting transactions. These can flow seamlessly into clients’ accounting software, thanks to integrations with leading platforms like Xero, Sage and Quickbooks.
That’s not all. We’re always looking to provide further updates and solutions to further enhance how our clients work. We’ll soon be offering two add-on tools, called Dext Precision and Dext Commerce. Dext Precision reviews the data input into Xero or QuickBooks Online by you or your client, highlighting any inconsistencies to ensure accurate records from the beginning. To support digital commerce businesses, Dext Commerce fetches sales transactions from retailers, marketplaces, e-commerce platforms, point-of-sale systems and other digital payment providers.
Find out how Dext can help you drive growth and efficiency in your firm.
Curious to see Dext in action? Book a Demo today!