Dext vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext
Score 9.6 out of 10
N/A
Dext is a bookkeeping automation platform now from IRIS (acquired December 2024) that eliminates much of the manual work associated to accounting processes.
$150
per month for 5 users (minimum) and 250 documents per month
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
DextWorkday Financial Management
Editions & Modules
Dext Essential
$23
per month per client (10 minimum, for accounting & bookkeeping firms)
Dext Advanced
$24.72
per month per client (10 minimum, for accounting & bookkeeping firms)
Dext for Businesses
starting at $30
per month per user (5 minimum)
No answers on this topic
Offerings
Pricing Offerings
DextWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsDiscount available for annual pricing.
More Pricing Information
Community Pulse
DextWorkday Financial Management
Features
DextWorkday Financial Management
Expense Management
Comparison of Expense Management features of Product A and Product B
Dext
10.0
1 Ratings
19% above category average
Workday Financial Management
-
Ratings
Employee Expense Reporting10.01 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Dext
10.0
1 Ratings
22% above category average
Workday Financial Management
-
Ratings
Customizable Approval Policies10.01 Ratings00 Ratings
Financial Document Management10.01 Ratings00 Ratings
Payment Status Tracking10.01 Ratings00 Ratings
Payment Audit Trail10.01 Ratings00 Ratings
Duplicate Bill Detection10.01 Ratings00 Ratings
Advanced OCR10.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation00 Ratings8.322 Ratings
Benefit plan administration00 Ratings8.119 Ratings
Direct deposit files00 Ratings8.019 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
8.1
19 Ratings
9% above category average
API for custom integration00 Ratings8.516 Ratings
Plug-ins00 Ratings7.618 Ratings
Security
Comparison of Security features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability00 Ratings9.124 Ratings
Role-based user permissions00 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
7.9
26 Ratings
8% above category average
Dashboards00 Ratings7.826 Ratings
Standard reports00 Ratings8.023 Ratings
Custom reports00 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
7.7
22 Ratings
1% above category average
Accounts payable00 Ratings7.517 Ratings
Accounts receivable00 Ratings7.317 Ratings
Global Financial Support00 Ratings7.318 Ratings
Primary and Secondary Ledgers00 Ratings7.318 Ratings
Journals and Reconciliations00 Ratings7.615 Ratings
Configurable Accounting00 Ratings7.418 Ratings
Standardized Processes00 Ratings7.919 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
7.1
10 Ratings
11% below category average
Inventory tracking00 Ratings7.510 Ratings
Automatic reordering00 Ratings7.310 Ratings
Location management00 Ratings6.79 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Dext
-
Ratings
Workday Financial Management
6.9
10 Ratings
12% below category average
Credit card processing00 Ratings6.910 Ratings
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DextWorkday Financial Management
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All AlternativesView all alternativesView all alternatives
User Ratings
DextWorkday Financial Management
Likelihood to Recommend
9.8
(14 ratings)
8.4
(26 ratings)
Likelihood to Renew
8.2
(1 ratings)
9.0
(1 ratings)
Usability
10.0
(10 ratings)
9.1
(9 ratings)
Support Rating
3.5
(7 ratings)
10.0
(5 ratings)
User Testimonials
DextWorkday Financial Management
Likelihood to Recommend
IRIS Software Group
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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Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
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Pros
IRIS Software Group
  • 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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Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
IRIS Software Group
  • 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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Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
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Likelihood to Renew
IRIS Software Group
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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Workday
No answers on this topic
Usability
IRIS Software Group
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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Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
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Support Rating
IRIS Software Group
When I think I have broken the platform the help guys and girls are simply fantastic. They take time to understand the problem and usually resolve the issue on the spot. I have not had to wait more than an hour to get anything resolved - be that an issue I have created or a fault in my understanding of the program. Can't rate their support I have received to date highly enough.
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Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
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Alternatives Considered
IRIS Software Group
Dext is much easier to use than Hubdoc. You can approve documents in batches whereas in Hubdoc you need to review each document separately. Once Dext is set up properly, there is little need to review every document.
Hubdoc does have the ability to save documents to an external site, like Google docs as a backup.
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Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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Return on Investment
IRIS Software Group
  • I am a single operator Bookkeeping business and run a very profitable business because DEXT provides me a very efficient process to capture critical data without the need for additional manpower.
  • The information DEXT captures, stores and reports helps me plan an present relevant information to the client to support pricing increases at client reviews
  • The information DEXT contains helps me present business insights to the client thereby assisting in their business aspirations which helps deepen client relationships
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Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
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ScreenShots

Dext Screenshots

Screenshot of Dext Prepare Inbox & Mobile app

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis