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10 reasons why accounting firms choose Dext Prepare

AccountingProductUncategorized

Your time is precious, and so is the quality of your work. With over 1.2 million users around the world, Dext Prepare is the bookkeeping automation platform of choice for 9 of the top 10 accounting firms in the UK. There isn’t one reason why so many practices choose Prepare – there are several. 

Here’s why Dext Prepare is the best accounting software in the market:

1. Data extraction at industry-leading accuracy of 99%+

Whether it’s a receipt, an invoice or a bank statement, Dext Prepare easily captures and extracts all the data you need with over 99% accuracy, the highest in the market. Then it’s easy to send the standardised information to your accounting software without having to sit and enter it manually. 

This dramatically reduces errors in financial data and gives you and your client peace of mind that you’re always on top of your paperwork.

2. Fast processing time per document

Dext Prepare’s processing time is market-leading. Although Dext processes over 20 million items a month, the average processing time is under 30 seconds compared to 2 minutes of manual entry time. In fact, 65% of all submissions take only 8 seconds! Over 85% of bank statement extractions are done within 2 hours – and none takes more than 24 hours.

On average, Prepare saves accountancy firms up to 5.5 hours per client, per month on manual data processing. That’s valuable time your team can use to grow the business and offer greater depth of advice, working with the most accurate figures.

3. Powerful and reliable

Dext products have over 99.99% uptime. In the last 12 months, for example, we had only 14 minutes total downtime for maintenance. Dext Prepare is the most stable, reliable and accurate data capture tool in the market, giving you and your clients the peace of mind you need.

4. 9 submission methods

Dext Prepare helps you avoid the chaos associated with your year-end clients by giving them nine ways to submit their paperwork throughout the year. While you may only work on some finances for a month, your clients can drip-feed their invoices and receipts over 12 months.

To make it easy and convenient for your clients, there are 9 ways to submit paperwork to Prepare:

  • Dext mobile app
  • Drag and drop
  • Email
  • Invoice fetch
  • Bank fetch
  • PayPal
  • Dropbox
  • Qonto
  • Mileage

Once clients submit their paperwork, Dext Prepare automatically processes, extracts and stores digital copies in our secure cloud storage system. So when you come to look at their paperwork at year-end, everything is already in place. No more time wasted chasing clients.

5. Supplier Rules, Bank Match & Auto-Publish 

Dext Prepare has powerful features to automate paperwork processing, improving recoverability by making your practice more efficient. Its in-depth supplier rules can automate the categorisation of transactions and auto-publish straight to the General Ledger.

6. Most accounting software integrations in the industry 

Dext allows you to stick to a single workflow regardless of which accounting software your clients use, so you only need one solution. There are 34 integrations available across Prepare – the most accounting software integrations in the industry. 

The platform also supports over 11,500 banks and institutions – so whatever you already work with, Dext Prepare will work for you.

We continually reinvest into our products and integrations. In the last five years alone, we’ve added 21 integrations to ensure the Dext platform remains the most widely integrated in the accounting software ecosystem.

7. All paperwork digitised and securely stored for 7 years

Dext removes the need for physical storage space at no additional cost. The data is stored for 7 years using bank-level encryption and is fully GDPR compliant. This gives you peace of mind, ensures no documents get lost and everything is easily accessed if clients get an inquiry.

8. Continuous reinvestment and improvement

Dext ensures the product you use is always at the forefront of industry advancements so you can position your firm at the cutting edge of the industry. In the last five years, we’ve grown our R&D team from 30 to 200+ people and released over 300 new features.

That’s why data extraction from submitted items in Dext Prepare is now 16 times faster than five years ago – all whilst maintaining the industry-leading accuracy of 99%+. This commitment to continuous improvement means you’ll always have the best and most reliable technology at your service.

9. Onboarding training and 24/5 Customer Support

When joining Dext, you are given a dedicated account manager and a detailed launch plan which includes bespoke 1-2-1 onboarding. As standard, we provide full training to ensure you get the most out of Dext Prepare and achieve your business goals.

Your account manager remains your point of contact throughout, and you also have access to our technical Customer Support team – so you can be certain of business continuity even in your busiest periods. Made up of 40+ passionate individuals with technical expertise in integrations, submissions, expense reports and much more, the team is available 24 hours a day Monday-Friday. You can contact us via live and offline chat, email, social media or directly from your app.

Want to explore it by yourself? No problem: our Help Centre is filled with all the information about Dext. You also get access to a library of online resources, live training webinars and in-person, hands-on sessions, so you can get up to speed in a way which suits you and your team.

10.  A real, active community

Through Dext, you’ll get exclusive access to Orange Select – our online community of over 13,000 accountants & bookkeepers where you can share your insights, take part in discussions and connect with peers. You’ll also earn points the more you engage with the Orange Select community, which you can trade in for rewards such as Apple products and Amazon vouchers.

Have a suggestion? We’re all ears! To ensure the new features we release for our partners are of real value to them, we openly source feedback for product features on our UserVoice platform, which the Dext community can vote on. We then build the new features, beta test them with requesters and put them live for our entire user base. Working in this way means we continue to upgrade our products with the user front and centre.

With so many benefits, it’s no surprise that Dext Prepare enjoys glowing reviews from our users for its simplicity, ease of use and the amount of time it saves them. We’re also rated consistently highly on all major app stores:

  • 4.8 on Xero App Store
  • 4.7 on Apple App Store
  • 4.7 on Google Play
  • 4.5 on Quickbooks Apps
  • 4.6 on G2 Crowd
  • 4.6 on Trustpilot

Dext Prepare plays a key role in the core workflows for accountants and bookkeepers, ensuring that work performed is both efficient and accurate. This helps streamline workflows, so your team has more time to focus on advisory services. Good for you, good for your clients.

No one is quicker, more accurate or reliable than Dext. Discover how Dext can help you take your business to the next level.