Dext Prepare (with Receipt Bank) vs. Fyle

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 8.6 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
Fyle
Score 8.5 out of 10
N/A
Fyle is an expense management solution built for finance teams. Fyle extracts data from receipts, attaches the invoice, and ensures constant compliance - all in real-time. Fyle's benefits: Easy expense tracking: Submit expenses from everyday apps like Slack, WhatsApp, G suite, Outlook, and SMS. Automatic corporate card reconciliation: reconcile any card transaction, expense, or receipt in an audit-ready fashion without any manual intervention. Predictive…N/A
Pricing
Dext Prepare (with Receipt Bank)Fyle
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)Fyle
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Features
Dext Prepare (with Receipt Bank)Fyle
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.0
4 Ratings
89% below category average
Fyle
-
Ratings
Single sign-on capability1.32 Ratings00 Ratings
Role-based user permissions4.64 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
6.3
5 Ratings
16% below category average
Fyle
-
Ratings
Dashboards5.75 Ratings00 Ratings
Standard reports6.94 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)
3.4
5 Ratings
73% below category average
Fyle
-
Ratings
Accounts receivable6.34 Ratings00 Ratings
Bank reconciliation2.23 Ratings00 Ratings
Expense management6.45 Ratings00 Ratings
Multi-currency support2.23 Ratings00 Ratings
Multi-division support1.32 Ratings00 Ratings
Regulations compliance5.63 Ratings00 Ratings
Self-service portal2.13 Ratings00 Ratings
Global Financial Support1.32 Ratings00 Ratings
Intercompany Accounting5.63 Ratings00 Ratings
Localizations1.32 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
1.9
3 Ratings
113% below category average
Fyle
-
Ratings
Plug-ins1.93 Ratings00 Ratings
Best Alternatives
Dext Prepare (with Receipt Bank)Fyle
Small Businesses
Patriot Software
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Score 9.0 out of 10
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Score 9.0 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.6 out of 10
Precoro
Precoro
Score 9.5 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.7 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.7 out of 10
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User Ratings
Dext Prepare (with Receipt Bank)Fyle
Likelihood to Recommend
7.2
(10 ratings)
8.6
(3 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
6.3
(6 ratings)
-
(0 ratings)
Support Rating
4.3
(8 ratings)
-
(0 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)Fyle
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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Fyle Technologies Pvt. Ltd
Fyle is a much better software than traditional excel reports as it provides both a mobile app and desktop application. Though there is much room for improvement, it still can be rated higher for more users as it makes the process of claims processing and auditing much faster and easier as compared to handling physical bills and receipts. It has helped my organization to save on 2 man-months cost as well by reducing the redundant activities of automating bill submission through apis for common apps like UBER, OLA, etc.
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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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Fyle Technologies Pvt. Ltd
  • Expense management
  • Submitting bills for Reimbursement
  • Approval process
  • Expense tracking
  • The ability to converse within the app. If the approver rejects, the requester can see the reason and type back their response/rectify and resubmit. All within the app.
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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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Fyle Technologies Pvt. Ltd
  • Calculate miles on the go
  • Bugs at time of submission
  • Not enough categories for expenses. More dropdowns would be helpful.
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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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Fyle Technologies Pvt. Ltd
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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Fyle Technologies Pvt. Ltd
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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Fyle Technologies Pvt. Ltd
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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Fyle Technologies Pvt. Ltd
Features wise both Zoho and Concur are equivalent to Fyle - may be they even offer more features. We picked Fyle particularly because: a) We are a small organization of less than 200 employees and were looking for a cloud based offering b) We had to keep our costs minimal without making major changes to our organization structure Fyle was most optimal that catered to all our requirements.
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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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Fyle Technologies Pvt. Ltd
  • Saves so much time!
  • Makes it easier for everyone involved in the processes
  • Ease in releasing payments/reimbursements.
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ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app

Fyle Screenshots

Screenshot of Use Fyle's Gmail extension.Screenshot of Create custom policies.Screenshot of Detect policy violations automatically.Screenshot of Get analytics to make informed decisions.Screenshot of Powerful, all-in-one dashboard.