Whitepaper: A New Kind of Accounting Tech Stack
The digital commerce revolution and what it means for accounting firms
In its simplest form, digital commerce - or d-commerce - is the buying and selling of products and services via digital channels, including but not limited to Internet, mobile networks, and commerce infrastructure.
Where e-commerce was once about setting up a virtual storefront to enable online purchases, digital commerce is a cultural movement focused on continuously strategizing, optimizing and operationalizing ways to delight potential and existing customers and satisfy their increasingly high expectations. Success hinges on a different set of business metrics, a different stack of enabling technology, and a different type of accounting.
Table of Contents
- The digital commerce revolution, and what it means for accounting firms
- Introducing the digital commerce accounting tech stack
- Must-have capabilities in a d-commerce accounting tech stack
- What else to look for in d-commerce accounting technology
- 8 key benefits of implementing a d-commerce accounting tech stack
- An integral part of the solution: Dext Commerce
Dext is an automated, multiproduct accounting solution. With three products, we’re here to help reduce your workload, optimize your workflow, and free up your time.
Here’s a bit about our products and how they can help you:
Dext Prepare – allows you to collect client paperwork, accurately extract data and automate processing into any general ledger, streamlining your workflows so team members can work more closely with clients. It's the 4.7 star rated tool used by over 1 million people.
Dext Commerce – saves you time by automating your client’s sales data retrieval from online eCommerce marketplaces and digital payment methods. Get an overview of their sales performance and ensure sales tax compliance, no matter where they sell in the world.
Dext Precision – intelligent data cleanup, bookkeeping, and compliance tools designed for Xero and QuickBooks Online professionals. Identify mis-codings, track key liabilities, and spot unwanted changes to historical data.