The rebrand, announced late on Tuesday, will see the company flagship product Receipt Bank become Dext Prepare, while Xavier will take on the name Dext Precision.
The new identity comes as the company believes Dext better reflects its mission by fusing two words — “dexterity” that accountants and bookkeepers bring, and the “next” generation attitude that the profession brings.
Founded in 2010, Receipt Bank turns documents from a number of sources — including receipts, bank accounts, invoices and bills — into digital data.
Xavier, a tool that detects errors and anomalies in business data within accounting software, was acquired by Receipt Bank last year.
Dext chief executive Adrian Blair said the new identity comes after the company added 250,000 users over the past 12 months, surpassing one million users for the first time.
“One million users is a phenomenal landmark, but there are hundreds of thousands of accountants looking after hundreds of millions more businesses that still need sound financial insight to survive and thrive,” Mr Blair said.
“It is clear from the success of Precision and some of our most recent product launches that accountants are crying out for tools to give expert advice to help businesses succeed in these turbulent times.”
According to the company, accountants and bookkeepers using both Prepare and Precision will now see a new, single-view dashboard with client data from both products.
More to come.
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