The deal also enhances the IRIS platform’s integration capabilities, expanding the number of Dext’s products while boosting the company’s partner integration program. This program currently supports over 35 bookkeeping software platforms and connects to more than 11,500 financial institutions globally.
A Perfect Pairing for Accountancy Professionals
Both IRIS and Dext are highly compatible with a wide range of accounting software and bookkeeping services. This flexibility ensures that users can continue utilizing their existing tools while benefiting from the seamless integration of IRIS’s advanced management and compliance features, such as accounts production and tax returns.
Dext, known for its ability to streamline bookkeeping and increase productivity by automating routine tasks, complements IRIS’s offerings. Together, they aim to create a unified solution for accountants, covering everything from data entry and processing to compliance, reporting, and advisory services.
An Exciting New Chapter for Dext
Dext’s CEO, Sabby Gill, expressed excitement about the future of the company post-acquisition. “This partnership gives us the resources and support to accelerate our innovation and product development, enabling us to offer a complete, end-to-end solution to our customers,” Gill said.
Cloud Accountancy Market Poised for Growth
As small and medium-sized businesses increasingly turn to cloud-based solutions for their accounting needs, the global market for accounting software is expected to see substantial growth. Research by Mordor Intelligence estimates the market will reach $20 billion in 2024, with a compound annual growth rate of 9.2%, expected to bring the market’s value to $30.6 billion by 2029.
