Dext, formerly known as Receipt Bank, is a document capture and data extraction platform widely used by accounting firms and their SMB clients to digitize supplier invoices, receipts, and expense documents. It is one of the most adopted pre-accounting tools in France and the UK, designed to automate the intake of financial documents and feed clean, structured data into accounting software (Pennylane, QuickBooks, Xero, Sage).
Dext's strength is in the pre-accounting layer: it captures documents from multiple channels (mobile photo, email forwarding, bank feeds), extracts structured data via OCR and AI, and pushes normalized entries into the accounting platform, eliminating the manual data entry that consumes a significant portion of accounting firm capacity. For accounting firms managing 40 to 80 client dossiers, Dext's efficiency gains on document intake are real and measurable.
The boundary Dext operates at is extraction, not control. Dext extracts what is on the document. It does not verify whether what is on the document is financially correct. A supplier invoice captured by Dext may contain a price deviation from the negotiated contract, a duplicate line, or a quantity that doesn't match the delivery note, and none of these will be surfaced. Dext's value proposition is speed of data entry; financial verification is outside its scope.
Phacet enters at the control layer above. For accounting firms using Dext as their document intake tool, Phacet adds the supplier invoice verification, pre-payment checks, and anomaly detection that Dext doesn't provide, transforming the firm's offering from data entry to advisory-grade purchasing control. As CPA's Romain Joussellin demonstrates: "This year, thanks to purchasing controls, you gained 2 to 4 margin points", a conversation that starts with Dext's captured data and ends with Phacet's verified insights.
For accounting firms positioned on the finance maturity model, Dext handles Execution. Phacet adds Verification, the layer that makes client advisory quantifiable.
