Dext Prepare (with Receipt Bank) vs. Microsoft Dynamics 365 Business Central

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 8.0 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
Microsoft Dynamics 365 Business Central
Score 8.4 out of 10
N/A
Microsoft Dynamics 365 Business Central (formerly Dynamics NAV) is one of the ERP products in the Dynamics family. The technology is based on the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and is often used by companies in the manufacturing and distribution verticals.N/A
Pricing
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
More Pricing Information
Community Pulse
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
Top Pros
Top Cons
Features
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.9
4 Ratings
Microsoft Dynamics 365 Business Central
9.2
20 Ratings
Single sign-on capability2.42 Ratings9.216 Ratings
Role-based user permissions5.54 Ratings9.220 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
5.8
5 Ratings
Microsoft Dynamics 365 Business Central
6.1
21 Ratings
Dashboards5.45 Ratings6.117 Ratings
Standard reports6.24 Ratings6.121 Ratings
Custom reports00 Ratings6.120 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)
4.2
5 Ratings
Microsoft Dynamics 365 Business Central
8.8
21 Ratings
Accounts receivable6.14 Ratings8.419 Ratings
Bank reconciliation4.33 Ratings00 Ratings
Expense management6.65 Ratings00 Ratings
Multi-currency support4.33 Ratings00 Ratings
Multi-division support2.42 Ratings00 Ratings
Regulations compliance5.03 Ratings00 Ratings
Self-service portal4.13 Ratings00 Ratings
Global Financial Support2.42 Ratings9.08 Ratings
Intercompany Accounting5.03 Ratings00 Ratings
Localizations2.42 Ratings00 Ratings
Accounts payable00 Ratings9.020 Ratings
Primary and Secondary Ledgers00 Ratings10.07 Ratings
Journals and Reconciliations00 Ratings10.010 Ratings
Configurable Accounting00 Ratings10.010 Ratings
Standardized Processes00 Ratings9.211 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.6
3 Ratings
Microsoft Dynamics 365 Business Central
8.0
16 Ratings
Plug-ins3.63 Ratings8.013 Ratings
API for custom integration00 Ratings8.015 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
7.6
6 Ratings
Pay calculation00 Ratings7.86 Ratings
Benefit plan administration00 Ratings7.04 Ratings
Direct deposit files00 Ratings9.35 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
8.7
16 Ratings
Inventory tracking00 Ratings9.216 Ratings
Automatic reordering00 Ratings6.79 Ratings
Location management00 Ratings9.013 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
8.0
19 Ratings
Pricing00 Ratings7.617 Ratings
Order entry00 Ratings8.016 Ratings
Credit card processing00 Ratings10.011 Ratings
Cost of goods sold00 Ratings8.015 Ratings
Order Orchestration00 Ratings8.05 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
8.4
11 Ratings
Billing Management00 Ratings8.39 Ratings
Revenue Recognition00 Ratings8.08 Ratings
Cash and Asset Management00 Ratings9.010 Ratings
Travel & Expense Management00 Ratings7.86 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings8.37 Ratings
Period Close00 Ratings10.010 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
8.7
8 Ratings
Budgeting and Forecasting00 Ratings10.08 Ratings
Project Costing00 Ratings10.07 Ratings
Cost Capture00 Ratings10.08 Ratings
Capital Project Management00 Ratings8.05 Ratings
Customer Contract Compliance00 Ratings10.06 Ratings
Project Revenue Recognition00 Ratings8.04 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
7.7
4 Ratings
Project Planning and Scheduling00 Ratings8.03 Ratings
Task Insight for Project Managers00 Ratings8.03 Ratings
Project Mobile Functionality00 Ratings8.03 Ratings
Project Candidate Search00 Ratings7.03 Ratings
Definable Resource Pools00 Ratings7.03 Ratings
Talent Profiles00 Ratings7.03 Ratings
Absence Management00 Ratings8.03 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
9.7
3 Ratings
Award Lifecycle Management00 Ratings10.03 Ratings
Spending Control00 Ratings10.03 Ratings
Indirect Cost Management00 Ratings10.02 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
8.0
6 Ratings
Bids Analyzed and Compared00 Ratings8.03 Ratings
Catalog Shopping E-Commerce for Employees00 Ratings7.03 Ratings
Contract Authoring00 Ratings8.03 Ratings
Contract Renewal Automation00 Ratings8.03 Ratings
Contract Repository00 Ratings7.03 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings7.55 Ratings
Supplier Management00 Ratings8.03 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
9.6
3 Ratings
Risk Repository00 Ratings9.32 Ratings
Control Management00 Ratings9.43 Ratings
Control Efficiency Assessments00 Ratings9.32 Ratings
Issue Detection00 Ratings10.03 Ratings
Remediation and Certification00 Ratings9.72 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
7.7
3 Ratings
Transportation Planning and Optimization00 Ratings8.02 Ratings
Transportation Execution Management00 Ratings8.02 Ratings
Trade and Customs Management00 Ratings8.02 Ratings
Fulfillment Management00 Ratings7.93 Ratings
Warehouse Workforce Management00 Ratings8.02 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
7.1
3 Ratings
Production Process Design00 Ratings9.02 Ratings
Production Management00 Ratings5.83 Ratings
Configuration Management00 Ratings1.32 Ratings
Work Execution00 Ratings9.02 Ratings
Manufacturing Costs00 Ratings8.63 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
9.5
5 Ratings
Forecasting00 Ratings9.05 Ratings
Inventory Planning00 Ratings10.05 Ratings
Performance Monitoring00 Ratings10.05 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Microsoft Dynamics 365 Business Central
9.3
2 Ratings
Proposal Management00 Ratings9.01 Ratings
Product Master Data Management00 Ratings9.01 Ratings
User Ratings
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
Likelihood to Recommend
7.0
(10 ratings)
8.4
(21 ratings)
Likelihood to Renew
8.2
(1 ratings)
10.0
(1 ratings)
Usability
6.4
(6 ratings)
9.0
(3 ratings)
Availability
-
(0 ratings)
8.0
(2 ratings)
Support Rating
5.0
(8 ratings)
9.8
(2 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)Microsoft Dynamics 365 Business Central
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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Microsoft
It addresses well some integration and connectivity issues with other software and adapted technologies: formulation and manufacturing batching software, scanners and bar codes, inventory, financials, emailing of invoices and statement, sales and purchasing... etc. I believe it to be better suited to a medium to large company. Not as simple and seamless as we expected for migrating from another Microsoft Dynamics software product (we moved from GP to NAV). Our staff is going through a tougher time than we thought to learn some procedures. Normal growing pains?!
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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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Microsoft
  • Automate the creation of bills of materials for production. We can now generate a BoM from a sales order.
  • Organization of all data pertaining to thousands of parts, assemblies, and finished goods. Engineering and purchasing have a common portal.
  • We can create sales orders from quotations instead of re-entering them (this did require some bolt-on software). Less redundant work with fewer entry errors.
  • Accounting can provide reports based on specific criteria stored in NAV. We can pull better and more detailed intelligence.
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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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Microsoft
  • The version of software that we currently use isn't compatible with Windows 7, therefore we had to install it using the virtual computer under Windows XP. This created a few additional steps that the users had to go through in order to access the software which generated more calls to our IT Helpdesk.
  • We did research how much it would cost to upgrade the software so that we could get a version compatible with Windows 7, but the cost was way too expensive for our organization. Also, when we need to make updates or changes to the software, there are very few consultants who are familiar with the software so we are limited in who we can use for consulting services. Since we are limited in choosing consultants who can make updates and changes to the software the fees are usually really expensive for their services.
  • There is a .zup file that we constantly have to delete in order for the database to work properly and update. Users get a pop-up about once a week asking if they want to replace the .zup file and if the file is not deleted then the opening page for the software will not show up correctly and the database will not have the most up to date information.
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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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Microsoft
We've already decided to continue using this software. It is too expensive for us to upgrade so we made a workaround by using the virtual computer with Windows XP installed on it. We did research replacing this software, but it was a better financial decision to keep what we had instead
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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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Microsoft
It has simplified all processes and reduces turnaround time for month end processes. You can easily navigate through the dashboard which is very user friendly and easily guides you to different functionalities. Duplications of Invoices is avoided because NAV rejects posting of an invoice number already in the system so you increase accuracy.
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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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Microsoft
It provides one to efficiently be able to manage bookkeeping and inventory without much challenges. One can easily navigate through workflow processes while managing usages and budgets. Being able to produce reports in Word, Excel or PDF means one is able to have a working document to produce trends and graphs or produce pivot tables.
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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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Microsoft
I have personally supported all of the Dynamic family of ERP systems and made the decision to concentrate on NAV as the solution of choice. From a support and development standpoint there are few if any packages that can compare. It is not uncommon for most of the companies that I support to only call me once or twice a month after the first year. This is due to the ease of tracking down problems and errors and the ability for a developer to provide the end-user with routines that automatically correct the most basic kind of error
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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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Microsoft
  • Automation processing, including EDI functionality, has increased employee efficiency and prevented the need for adding additional employees.
  • Implementation of the warehouse functionality, including cycle counts, has resulted in better inventory control/less shrinkage.
  • Implementation of e-Ship and e-Receive, has resulted in greater efficiency and order accuracy.
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