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DEXT
🇺🇸US🇬🇧UK🇸🇪SE

Dext

Document capture and AI bookkeeping workflow; acquired by IRIS Software Group (Dec 2024).

Primary

Transaction Categorization

Kind

Workflow

Raised

Acquired by IRIS Software Group (Dec 2024)

Pricing

Tiered by volume and seats

01Score Breakdown

Each dimension is a composite of public signals. The Index is a weighted average; weights are published on the methodology page.

Autonomy · 30%
70.0
Accuracy · 20%
78.0
Coverage · 13%
58.0
Local Fit · 13%
60.5
Integrations · 8%
86.0
Traction · 8%
82.0
Pricing · 8%
74.0
02Feature Coverage

Where the tool plays across the 17-category taxonomy used by this index.

General Ledger

The system of record — chart of accounts, journal entries, trial balance.

Transaction CategorizationPrimary

Classifying bank and card transactions against a chart of accounts.

Bank Reconciliation

Matching ledger entries to bank statements; flagging discrepancies.

Accounts Payable

Bill capture, vendor management, approval workflows, payment execution.

Accounts Receivable

Invoicing, dunning, collections, payment matching.

Month-End Close

Accruals, deferrals, depreciation, task orchestration, review workflows.

Financial Reporting

P&L, balance sheet, cash flow, variance analysis, board-ready packs.

Tax

Income tax, sales tax / VAT / moms, nexus tracking, e-filing.

Audit Prep

Documentation, PBC lists, evidence trails, auditor collaboration.

Payroll

Wage calculation, withholdings, benefits, regulatory filings.

Multi-Entity Consolidation

Inter-company elimination, currency translation, consolidated statements.

Revenue Recognition

ASC 606 / IFRS 15 automation, performance-obligation tracking.

Expense Management

Corporate cards, expense policy, reimbursements, spend controls.

FP&A Copilot

Forecasting, budgeting, scenario modeling, variance commentary.

Natural-Language Interface

Conversational query, report generation, and action-taking via chat.

Practice Management

Firm-side workflow, client portals, deadlines, CRM, billing, and team orchestration for accounting and tax practices.

AI Tax Research

Generative-AI research and memo-writing assistants trained on tax code, rulings, and case law.

03Research

Dext (formerly Receipt Bank) is the de facto document-capture workhorse in the UK accountant ecosystem and a strong complementary product in the US and Nordics. The December 2024 acquisition by IRIS Software Group placed Dext inside the same parent as IRIS Elements, creating an end-to-end compliance workflow for UK firms and raising the integrations score.

The March 2026 launch of Dext AI Assist moved the product from OCR-plus-rules into agentic categorization — automating everyday bookkeeping decisions rather than only surfacing them for human review. Disclosed volume of 31.4M receipts and invoices processed in January 2026 alone underlines the scale at which any autonomy gain compounds.

Dext still isn't a ledger; it's a data pipeline. Accountants pair it with QuickBooks or Xero to handle the document-to-ledger gap, and it remains one of the most widely cited tools in UK-profession surveys. For Swedish customers the local fit is partial — it runs, but Zimply or Qvalia are usually stronger local fits.

Citations