Dext Prepare
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Dext Prepare is an OCR & scanning platform used to upload and analyse receipts, invoices, and other documents that businesses depend on to keep accurate and secure financial records.
The system allows you to send in a document then the automated extraction engine will be able to analyse all of the key data (contact name, date, VAT rate, total etc) and then display it in an easy-to-manage format. This will then connect to an accounting programme such as Xero/Quickbooks then raise this in the programme, saving you all the time entering it manually.
The image of the documents uploaded to Dext Prepare will all be kept on the system for a minimum of ten years, allowing you to comply with HMRC compliance and throw away unwanted receipts.
Dext Prepare can really help businesses to save time and reduce human error with integrations and the automatic transfer of data.
Dext Prepare at a glance:
Cost
£22-£65 a month for small-medium businesses | £159-£325 per month for accounting or bookkeeping firms.
Competitors
Basecone, AutoEntry, Hubdoc, Datamolino.
Function
Sort, prepare and publish paperwork.
USP
Dext's business model is based around users, documents and clients, which may be preferable over the other options out there.
Use case
Storing, manipulating and uploading data.
Features
Analyse tax and payment timing.
Strengths
Dext speeds up bookkeeping, and is efficient.
Considerations
Some users have struggled with the tax code integration with Xero.
Target customers
Business owners and Accountants.
Dext - Bank Set Up And Bank Statements
Find out how to set up a bank account in Dext prepare