Software Alternatives & Reviews

Bankfeed VS Dext

Compare Bankfeed VS Dext and see what are their differences

Bankfeed logo Bankfeed

Is your company receiving a lot of incoming payments? Are you using more than one bank? Bankfeed saves time and prevents errors by automating the import of bank statements to Microsoft Dynamics 365 Business Central and the reconciliation of payments.

Dext logo Dext

Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.
  • Bankfeed Landing page
    Landing page //
    2023-06-12

Forget about logging into different banks. Have all your bank statements in Microsoft Dynamics 365 Business Central, and reconcile payments with invoices AUTOMAGICALLY!

If your company meets at least one of these conditions, you will find Bankfeed valuable: • Receives many payments • Uses several bank accounts • Wants to post transactions quickly and error-free • Wants to view payments in real time • Has operations in multiple countries

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

The solution works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others.

Here's what customers have to say: “At least 98% of incoming payments are automatically identified and reconciled with invoices. This makes my daily work much easier.” Jurgita Lapinskiene, USAD

“We have more than 60 bank accounts, so it used to take a lot of time to manually manage all the incoming payments. I am happy that Bankfeed automates that.” Neringa Baronaitiene, Gelvorasergel

“The automatic recognition and reconciliation, as well as the separation of bank charges, saves at least 4 hours per day, i.e., about 10 days per month.” Sigita Geinaite, Trobos

FOR MORE INFORMATION PLEASE VISIT https://bankfeed.com/

  • Dext Landing page
    Landing page //
    2023-07-05

Bankfeed

$ Details
paid Free Trial €100.0 / Monthly (Up to 3 bank accounts)
Platforms
Microsoft Business Central

Dext

Website
dext.com
$ Details
paid $12.5 / Monthly (1 user, 50 items*/month)
Platforms
-

Bankfeed features and specs

  • All European banks: Yes, 2300+ banks
  • Automatic bank statement import: Yes
  • Automatic payment recognition: Yes
  • Automatic payment reconciliation: Yes
  • Automatic invoice reconciliation: Yes

Dext features and specs

No features have been listed yet.

Bankfeed videos

Bankfeed demo

More videos:

  • Tutorial - Bankfeed Assisted Setup for Bank Connection
  • Tutorial - Bankfeed Assisted Setup for General Settings
  • Tutorial - Bankfeed Guided Tour

Dext videos

Receipt Bank Review - Beginner to Expert PREVIEW by Bizversity.com

More videos:

  • Review - Getting Started with Receipt Bank in 8 Minutes
  • Review - Receipt Bank vs Veryfi: Receipt App Comparison
  • Review - SPEED UP YOUR BOOK-KEEPING (DEXT RECEIPT BANK BASICS GUIDE)
  • Review - Dext 101
  • Tutorial - How to use The Dext App on Your Phone

Category Popularity

0-100% (relative to Bankfeed and Dext)
Finance
100 100%
0% 0
Accounting
2 2%
98% 98
Accounting & Finance
3 3%
97% 97
Bookkeeping
0 0%
100% 100

Questions and Answers

As answered by people managing Bankfeed and Dext.

Why should a person choose your product over its competitors?

Bankfeed's answer

Bankfeed works with all European banks, including Santander, ING, Barclays, HSBC, Swedbank, Revolut, PayPal, Stripe, Wise, American Express, N26 and others. 2300+ banks in total. The solution also provides automatic payment reconciliation with issued invoices.

Which are the primary technologies used for building your product?

Bankfeed's answer

Bankfeed works as an add-on for Microsoft Dynamics 365 Business Central. For the integration with all European banks, the solution uses open banking (PSD2) technology.

Bankfeed supports the most common bank formats worldwide: CAMT.053 (financial statement import) CAMT.052 (financial statement import)

How would you describe your primary audience?

Bankfeed's answer

If a company meets at least one of these conditions, it will find Bankfeed valuable: - Receives many payments - Uses several bank accounts - Wants to post transactions quickly and error-free - Wants to view payments in real time - Has operations in multiple countries

What makes your product unique?

Bankfeed's answer

Bankfeed allows you to automate bank statement import into Microsoft Dynamics 365 Business Central as well as payment recognition and reconciliation with issued invoices.

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bankfeed and Dext

Bankfeed Reviews

We have no reviews of Bankfeed yet.
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Dext Reviews

20 best accounting software tools
Receipt Bank is an app from the FreeAgent family of apps, but it offers a number of select features that make it worthy of its own slot on this list.
Source: clockify.me
Receipt Bank vs Veryfi
Receipt Bank cranks up their pricing based on “Documents” their offshore extraction team processed. ie. The number of documents you or your clients send to their system. Ouch! Receipt Bank Pricing: https://www.receipt-bank.com/for-business/pricing/
Source: www.veryfi.com
Alternatives to Receipt Bank - accountingweb.co.uk
I've looked at Receipt Bank but it does seem expensive, especially for smaller businesses. I know there is an element of 'you get what you pay for', but do people have alternatives to receipt bank that would be more cost effective. I'm happy to learn of any multi company packages also where I would need to pay for the software and can work out how to re-charge the service to...
Receipt bank alternatives? Xero Business Community
Receipt bank alternatives? Hi there,Has anyone used any alternatives to receipt bank? We have recently been moved up a 'tier' in their pricing structure and its a huge jump in cost. We are inputting 200-250 invoices per month.Does anyone have any experience of other xero-compatible software?Many thanks,Vicky RSS 7 Replies Only show the Best and Official Replies

What are some alternatives?

When comparing Bankfeed and Dext, you can also consider the following products

Xero - Xero is online accounting for your small business.

Sage Intacct - Intacct is a cloud-based accounting and financial management system that is designed for the businesses of all levels.

Datamolino - Process all invoices without retyping. We turn your invoices into structured electronic documents, that you can import directly into your accounting system.

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

DOKKA.com - The Future has Arrived: Accounting Process Automation

Odoo - An all-integrated business app suite to unleash your growth potential.