Dext Prepare (with Receipt Bank) vs. ExpenseWire

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 8.8 out of 10
N/A
London based Receipt Bank offers Practice Platform, an application supporting SMBs and accounting firms with tracking receipts and expenses and logging them with minimal or no paperwork and data entry in an environment that integrates with popular accounting software (e.g. Quickbooks).N/A
ExpenseWire
Score 6.9 out of 10
N/A
ExpenseWire is an online expense management product offered and supported by Paychex since the 2012 acquisition.N/A
Pricing
Dext Prepare (with Receipt Bank)ExpenseWire
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)ExpenseWire
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
Dext Prepare (with Receipt Bank)ExpenseWire
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
2.9
4 Ratings
91% below category average
ExpenseWire
-
Ratings
Single sign-on capability1.32 Ratings00 Ratings
Role-based user permissions4.54 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
6.7
5 Ratings
11% below category average
ExpenseWire
-
Ratings
Dashboards6.15 Ratings00 Ratings
Standard reports7.34 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.5
5 Ratings
71% below category average
ExpenseWire
-
Ratings
Accounts receivable6.74 Ratings00 Ratings
Bank reconciliation2.03 Ratings00 Ratings
Expense management6.65 Ratings00 Ratings
Multi-currency support2.03 Ratings00 Ratings
Multi-division support1.32 Ratings00 Ratings
Regulations compliance5.93 Ratings00 Ratings
Self-service portal1.93 Ratings00 Ratings
Global Financial Support1.32 Ratings00 Ratings
Intercompany Accounting5.93 Ratings00 Ratings
Localizations1.32 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
1.8
3 Ratings
117% below category average
ExpenseWire
-
Ratings
Plug-ins1.83 Ratings00 Ratings
Best Alternatives
Dext Prepare (with Receipt Bank)ExpenseWire
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Score 9.0 out of 10
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Darwinbox
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Score 8.4 out of 10
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User Ratings
Dext Prepare (with Receipt Bank)ExpenseWire
Likelihood to Recommend
7.2
(10 ratings)
5.0
(1 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
6.3
(6 ratings)
-
(0 ratings)
Support Rating
4.1
(7 ratings)
-
(0 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)ExpenseWire
Likelihood to Recommend
Receipt Bank
It is great for accounting firms. Easy to add and administer client accounts. Easy to integrate with QuickBooks Online. Easy for clients to capture and submit receipts on the go. It is hard to use for manual data entry, and if your clients frequently have very long receipts the Dext Mobile app does not work well as it compresses the image to the point where it is completely illegible. It does not seem to be designed for business owners to use directly rather than using it through their accounting firm.
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Paychex, Inc.
Our organization was able to get a deep discount on the product, so it's suited for small businesses that are very cost conscious that just need basic tools. It's best to evaluate your accounting platform and how the information can flow from ExpenseWire to the financial application, since what we use currently doesn't allow automatic sync, which might be problematic in many cases.
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Pros
Receipt Bank
  • Receipt Bank does a stellar job of extracting information from photos of receipts and bills. I'd say 95% of the time the information pulled is correct, so very rarely do I have to correct an amount or date.
  • One feature I really enjoy is not only the syncing with Quickbooks Online, but the fact that it also pushes the image to Quickbooks Online as an attachment! This means that for every expense/bill processed through Receipt Bank, an image of it is available inside of the transaction inside of Quickbooks Online. This makes researching a breeze.
  • Receipt Bank makes it very simple for users to add documents to the platform. Each company receives a dedicated Receipt Bank email address, which they can email to and upload documents, or users can use the phone apps (which are really easy to use), or they can upload documents from their computer. Training our clients to use it really can't be any easier!
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Paychex, Inc.
  • Ability to directly reimburse employees' bank accounts on the application itself; no need to do a separate wire/ACH payment via the company bank
  • Keeps track of all receipt submissions and you can view them on the application
  • Approval flow meets our needs
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Cons
Receipt Bank
  • Receipt Bank Practice Platform has many great features. As they develop the platform I would like to see a rigorous review of all features so as not to add too many and overwhelm my team.
  • Having the flexibility to pick and choose from a suite of features and implement the ones that best suit my practice. A tailor made Receipt Bank Practice Platform. this would allow my practice to grow into the features rather than be overwhelmed by too many.
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Paychex, Inc.
  • Increase ability to integrate with different accounting platforms automatically (we use Xero)
  • Enhance the ability to generate more types of reports with different field combinations
  • User interface is not as user friendly compared to other solutions
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Likelihood to Renew
Receipt Bank
Dext is the best way for us to manage our business expenses. Physical and PDF receipts/invoices will be around for a while, but the move to eInvoicing is very good and we look forward to Dext adding this feature
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Paychex, Inc.
No answers on this topic
Usability
Receipt Bank
Dext Prepare's usability is great, it has lots of functions and you can scan any type of document, including hard copy handwritten documents. It is not very accurate but it is handwritten!! Apart from it, you can use multiple functions like one page at a time, multiple, in bulk. You can send emails with multiple attachments and one of the greatest function is the mobile application capabilities.
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Paychex, Inc.
No answers on this topic
Support Rating
Receipt Bank
Never used the support function. I guess that means it’s easy to use and works well because I never had an issue in 3 years. Not sure if the support team is helpful.
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Paychex, Inc.
No answers on this topic
Alternatives Considered
Receipt Bank
Receipt Bank is superior to Wave in terms of its accuracy of reporting and allocating expenses. Even though there is a fee for Receipt Bank and Wave is free, the monthly fee for Receipt Bank is well worth the money, given the benefits
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Paychex, Inc.
No answers on this topic
Return on Investment
Receipt Bank
  • Helps to keep data consistent and accurate
  • Saves time in processing invoices and receipts
  • Saves time in reconciliation in our accounting package
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Paychex, Inc.
  • Less time spent inputting/tracking expenses
  • Positive employee feedback (greater satisfaction as compared to Excel)
Read full review
ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app