What is Dext?
All-in-One Document Automation Platform
Dext (formerly Receipt Bank) is a comprehensive bookkeeping automation platform that processes receipts, invoices, and bank statements for accounting firms and businesses.
Dext processes over 320 million documents annually with 99.9% data extraction accuracy. The platform integrates with 11,500+ banks and connects to major accounting software including Xero, QuickBooks Online, and Sage.
Core Automation Capabilities
Receipt Capture
Mobile app, email, or direct upload
Invoice Processing
Line item extraction and categorization
Bank Feed Matching
Auto-match transactions with receipts
Expense Categorization
AI-powered category suggestions
In 2026, Dext is launching AI Agent Beta—an intelligent assistant designed to learn from users' workflows and provide guidance on automating repetitive bookkeeping tasks. However, Dext has faced criticism for reported 400% price increases, causing accounting firms to explore alternatives.
What is Nanonets?
AI-Driven Accounts Payable Automation
Nanonets is an AI-powered solution that automates document processing workflows, specializing in accounts payable, order processing, and invoice management.
Nanonets processes 10 million+ files monthly with 95% field accuracy. The platform uses advanced OCR and deep learning models to automate document-heavy business processes without relying on pre-set templates.
AP Automation Features
Template-Free Processing
Automatically adapts to structured and unstructured documents without template training
GL Code Prediction
AI predicts general ledger codes and other dimensions, learning from your patterns
Workflow Automation
Automates data matching, reconciliation, and approval workflows across purchasing
ERP Integration
Seamlessly connects with Oracle NetSuite, Microsoft D365, SAP Business One, and QuickBooks
According to user testimonials, one company saved over 80% in costs for invoice processing using Nanonets. A growing eCommerce business achieved "touchless" automation for 90% of their documents. However, Nanonets focuses primarily on invoices and AP workflows—not bank statement processing for bookkeeping firms.
Feature Comparison: Dext vs Nanonets vs Zera Books
| Feature | Dext | Nanonets | Zera Books |
|---|---|---|---|
| Document Types | Receipts, invoices, bank statements | Invoices, purchase orders, forms | Bank statements, financial statements, invoices, checks |
| AI Accuracy | 99.9% extraction accuracy | 95% field accuracy | 99.6% extraction accuracy |
| Template Training | Not required | Not required (adaptive AI) | Not required (Zera AI) |
| Primary Use Case | Full expense management + receipts | Accounts payable automation | Bank statement reconciliation |
| Pricing Model | Per-user + volume tiers | Per-page or custom enterprise | $79/month unlimited |
| Bank Statement Focus | One of many features | Not primary focus | Core specialization |
| Integration Depth | Deep (Xero, QBO, Sage) | ERP-focused (NetSuite, D365) | Direct QBO/Xero with categorization |
| Best For | Firms managing receipts + expenses | Enterprise AP departments | Bookkeepers focused on reconciliation |
Key Insight: Both Dext and Nanonets excel at what they're designed for—but neither specializes exclusively in bank statement processing for bookkeeping workflows. If your primary need is monthly bank reconciliation, paying for receipt scanning and invoice AP features adds unnecessary cost.
Pricing Models Compared
Dext
Per-user + volume-based
- •Subscription tiers based on team size
- •Volume caps per tier
- •Reported 400% price increases
- •Annual contract recommended
Nanonets
Per-page or enterprise
- •$0.05-0.20 per page processed
- •Custom enterprise pricing
- •Usage tracking required
- •Volume-based discounts available
Zera Books
Flat unlimited pricing
- $79/month unlimited conversions
- No per-page fees
- No usage tracking
- Month-to-month (no contracts)
Cost Reality: If you process 500 pages monthly with Nanonets ($25-100/month), you're still limited by usage anxiety. Dext's per-user model means costs scale with team size. Zera Books eliminates both constraints—process 50 statements or 500 statements, same $79/month.
AI Technology Differences
Dext: Multi-Document OCR with Matching
Dext's AI excels at matching receipts to bank transactions. The platform uses OCR to extract data from receipts, then automatically matches them with bank feeds to create complete expense records. This is powerful for expense management but adds complexity if you only need bank statement data.
Best for: Firms managing client expenses with receipt tracking requirements.
Nanonets: Adaptive Learning for AP Workflows
Nanonets' AI learns from your approval workflows and predicts GL codes automatically. The system improves over time as you process more invoices, making it ideal for high-volume accounts payable departments. However, this sophistication is overkill for straightforward bank statement conversion.
Best for: Enterprise AP teams with complex coding and approval hierarchies.
Zera Books: Purpose-Built for Bank Statements
Zera AI is trained exclusively on 3.2+ million financial documents (2.8M+ bank statements, 420K+ invoices, 847M+ transactions). This specialized training means Zera dynamically recognizes any bank format without templates—and auto-categorizes transactions for QuickBooks/Xero with 95%+ accuracy.
Best for: Bookkeepers focused on monthly bank reconciliation and transaction categorization.
Bottom line: All three platforms use sophisticated AI, but they're optimized for different workflows. Dext and Nanonets bundle features that drive up cost and complexity. Zera Books focuses AI power entirely on what bookkeepers use every day—bank statement processing and categorization.
Integration Capabilities
Dext
- 11,500+ bank connections
- Xero, QuickBooks Online, Sage
- Auto-publishes as draft bills
- Receipt-to-transaction matching
Nanonets
- Oracle NetSuite, Microsoft D365
- SAP Business One, QuickBooks Enterprise
- Salesforce, Zendesk connectors
- Custom API for enterprise systems
Zera Books
- Direct QuickBooks Online/Desktop (QBO, IIF)
- Direct Xero integration
- Pre-categorized transactions
- Excel, CSV for Sage, Wave, Zoho
Integration Depth: Dext connects to the most banks (11,500+) because it needs live feeds for receipt matching. Nanonets focuses on ERP systems for AP workflows. Zera Books integrates directly with the accounting software bookkeepers actually use—QuickBooks and Xero—with transactions already categorized for import.
When to Choose Each Platform
Choose Dext if you need:
- Full expense management with receipt capture, mileage tracking, and employee expense reports
- Receipt-to-transaction matching for client reimbursement workflows
- Budget for per-user subscription costs and potential price increases
- Large accounting firm managing expenses for multiple clients
Choose Nanonets if you need:
- Enterprise AP automation with complex approval workflows and GL code prediction
- High-volume invoice processing (1,000+ invoices monthly) with custom routing
- Integration with Oracle NetSuite or SAP Business One
- Corporate finance team focused on invoice management, not bookkeeping
Choose Zera Books if you need:
- Specialized bank statement processing without paying for receipt scanning or invoice AP features
- Unlimited conversions at predictable $79/month (no usage tracking or per-page fees)
- Multi-account auto-detection for statements with checking, savings, and credit cards in one PDF
- Bookkeeping firm focused on monthly bank reconciliation for 10+ clients
Why Zera Books Focuses on Bank Statements (Not Receipts)
Both Dext and Nanonets are excellent platforms—but they're built for different use cases. Dext excels at expense management for firms that need receipt tracking. Nanonets dominates accounts payable automation for enterprise teams. Neither specializes exclusively in what bookkeepers do most: monthly bank reconciliation.
The Bookkeeper's Reality
Most bookkeeping firms process 20-50 bank statements monthly for clients. They rarely need receipt scanning (clients handle that). They don't need AP workflow automation (that's for enterprise accounting departments). What they need is:
- Fast bank statement conversion (handle any bank format)
- AI transaction categorization (reduce manual categorization time)
- Multi-account detection (checking + savings in one PDF)
- Direct QuickBooks/Xero export (ready-to-import format)
- Unlimited processing (no usage anxiety during tax season)
Zera Books delivers exactly this—and nothing more. No bundled features you don't use. No per-user fees for team size. No per-page tracking. Just unlimited bank statement processing at $79/month, powered by AI trained on millions of real financial documents.
The result? Bookkeepers save 8-10 hours weekly on statement processing, reduce reconciliation time from days to hours, and scale their client base without hiring additional staff.
