Enhancing Integration and Expanding Offerings
The acquisition will also enable Iris to expand Dext’s product lineup and inject capital into its partner integration program. Currently, this program connects to over 35 bookkeeping software platforms and more than 11,500 banks and financial institutions.
Both Iris and Dext platforms are compatible with various accountancy software and bookkeeping providers, allowing users to continue utilizing their preferred tools. The Iris Elements platform provides essential functionalities like practice management, accounts production, and tax returns. Meanwhile, Dext streamlines bookkeeping by automating routine tasks, improving productivity.
Iris anticipates that the combination of both platforms will provide a comprehensive solution, from data entry and processing to compliance, reporting, and advisory services.
Exciting Future for Dext and the Accounting Software Market
Dext’s CEO, Sabby Gill, described the deal as an “exciting new chapter” for the company. He noted that the partnership would accelerate product innovation, expand Dext’s integration program, and offer a complete, end-to-end solution for customers.
