Business Solutions update: The Ultimate App Stack: Dext, Xero, and Fathom

Dext: Streamlining Data Capture and Processing

Dext is a leading tool for automating bookkeeping tasks, making it a favourite among accountants and bookkeepers. Here are some of its key benefits:

1. Accurate Data Extraction: Dext boasts an industry-leading accuracy rate of over 99% for data extraction from receipts, invoices, and bank statements. This reduces errors and ensures reliable financial data. 
2. Time Savings: By automating data capture and processing, Dext saves significant time meaning small business owners can focus on running their business and Hazlewoods Business Solutions Team can use more of their time to provide advisory services. 
3. Multiple Submission Methods: Dext offers nine ways to submit documents, including mobile app, email, and drag and drop. This flexibility makes it easy for clients to keep their records up-to-date.
4. Seamless Integration: Dext integrates smoothly with popular accounting software like Xero, ensuring a streamlined workflow.

See our “Dext Prepare” cloud accounting app video for more information. 

Xero: Comprehensive Cloud Accounting

Xero is a robust cloud-based accounting software designed to simplify financial management for business of all sizes. Here are some of its standout features:

1. Real-Time Financial Reporting: Xero provides real-time access to financial data, enabling businesses to make informed decisions quickly.
2. Automated Bank Feeds: Xero connects with over 21,000 financial institutions, automating bank feeds and reconciliation. This reduces manual data entry and ensures accuracy.
3. Invoicing and Payments: Xero’s invoicing features allow businesses to create, send, and automate invoice reminders, improving cash flow management.

We have a number of videos on our Cloud Accounting page where you can learn more about how Xero could help your business, click the button below.

Fathom: Advanced Financial Analysis and Reporting

Fathom is a powerful tool for financial analysis, management reporting and forecasting. It helps businesses understand their financial health and make data-driven decisions. Here are its key benefits:

1. Performance Metrics and KPIs: Fathom offers customisable KPI tracking and performance metrics, allowing business to monitor their progress against goals. 
2. Visual Reporting: Fathom’s visual reports make it easy to interpret complex financial data, facilitating better decision-making. 
3. Integration with Accounting Software: Fathom integrates seamlessly with Xero, ensuring that businesses can leverage their financial data for deeper insights.