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Not a question but Receipt Bank is now Dext

Surprised to hear of the change from a client before I read the email.

Didn't find your answer?

Any more software mergers or buyouts this year?! 

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Routemaster image
By tom123
23rd Feb 2021 12:25

I always think it is a shame when names stop saying what you do.

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By Andy556
23rd Feb 2021 13:07

The communication was embarrassing from them

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Replying to Andy556:
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By Mr_awol
24th Feb 2021 12:32

Not as embarrassing as the name itself, or their attempts to justify it

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Replying to Mr_awol:
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By Andy556
24th Feb 2021 12:42

I know. I've never seen a company jump on everyone's posts everywhere to try to explain what the name means.
If it needs this much explaining then it needs a better name

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A Putey FACA
By Arthur Putey
23rd Feb 2021 13:22

At first glance I thought it said Receipt Bank was Dead.

I'm still sad about Marathon becoming Snickers. And I would never buy a car if they can't be bothered to make a TV ad in the UK with a correct right hand drive model.

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John Stokdyk, AccountingWEB head of insight
By John Stokdyk
23rd Feb 2021 14:51

I'm just listening in to the global announcement webinar, with a neat turn from the UK's Stuart Hirst, who called Xavier "the Gwen Stefani" of apps.

Dext is a branding change, not owner ship change -that has happened incrementally over the past year or so since RB pulled in c£50m of investment.

With Xero, QBO, FreeAgent and Sage all building receipt capture into their platforms, the space for Receipt Bank to do its mojo was getting smaller and smaller. So you can see why new managers shooting for a "next generation" propositon would want to junk the "Receipt" bit. Their mission is going to be a wider one of empowering accountants and bookkeepers to be more productive and profitable by better serving clients. That's the concept as I understand it.

To quote chief exectuive officer Adrian Blair in his online announcement, Dext "fuses with dexterity with next, as in taking the profession to the next level".

I'm still listening in, but will cook up a more detailed report for the site later today: https://www.accountingweb.co.uk/tech/accounting-software/receipt-bank-re...

[edit - added URL for news report above. Thanks all for your comments.]

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Replying to John Stokdyk:
A Putey FACA
By Arthur Putey
23rd Feb 2021 15:09

John Stokdyk wrote:

To quote chief exectuive officer Adrian Blair in his online announcement, Dext "fuses with dexterity with next, as in taking the profession to the next level".

these contrived brand names tend to fuse bollinger with locks

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Replying to Arthur Putey:
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By Hugo Fair
23rd Feb 2021 15:23

I'm reminded of two pieces of advice I was given many moons ago ...

1. When visiting a potential supplier, if the car-park has reserved spaces for the Directors then turn round and leave (as you'll know where customers are on their list of priorities); and

2. If a manufacturer/supplier has a name that requires explanation, then look elsewhere (again you know where their efforts have been applied and it's not on quality or customer care).

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Replying to Hugo Fair:
Routemaster image
By tom123
24th Feb 2021 08:55

As a temp, after uni, I think I parked in a directors space (not realising).

I recall soon being told...

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Replying to tom123:
blue sheep
By NH
24th Feb 2021 09:06

tom123 wrote:

As a temp, after uni, I think I parked in a directors space (not realising).

I recall soon being told...

When I was a young pup, I had a beaten up old camper van, I went for a job interview and parked it in the FDs space, he came back part way through my interview hopping mad with a very red face, it still makes me laugh when I think about it.
As it happens I got the job but the FD was a complete idiot and I never got on with him.

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Replying to John Stokdyk:
blue sheep
By NH
23rd Feb 2021 17:02

[quote=John Stokdyk]

I'm just listening in to the global announcement webinar, with a neat turn from the UK's Stuart Hirst, who called Xavier "the Gwen Stefani" of apps.

what the heck does that mean?

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Replying to NH:
Stepurhan
By stepurhan
23rd Feb 2021 17:06

NH] <p>[quote=John Stokdyk wrote:

I'm just listening in to the global announcement webinar, with a neat turn from the UK's Stuart Hirst, who called Xavier "the Gwen Stefani" of apps.

what the heck does that mean?

That once there was "No Doubt" about their place in the world, but then they went solo?
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Replying to John Stokdyk:
Stepurhan
By stepurhan
23rd Feb 2021 17:03

Word fusion to create a word that doesn't mean anything. That is even without noting he literally had to explain the reasoning, even when he had stated which words had been fused to create this monstrosity.I'm assuming they had already combined their arses with their elbows, since this move indicates they have difficulty telling them apart.

There is a lot to be said for another brand's approach of something doing "exactly what it says on the tin". Receipt Bank was pretty close to that. Dext sounds like a pretentious video game.

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Replying to stepurhan:
A Putey FACA
By Arthur Putey
23rd Feb 2021 17:41

Well if you put £50M of other people's money in one end you can be sure that a load of old pony will come out of the other

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Replying to stepurhan:
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By johnt27
23rd Feb 2021 17:52

I think Stuart's quote has been somewhat taken out of context, not that it really matters, but he said the acquisition by RB of Xavier was the perfect or dream marriage a bit like him marrying Gwen Stefani...

Anyway, the new name is meaningless and no doubt (pun not intended) will be changed again in another 10 years. BUT, the interesting changes are the proper bringing together of the RB and Xavier products on one platform along with future developments around workflows and additional insights into data. On top of that is their open banking pay feature, which everyone is developing at the moment and all of which have the same flaws.

Having seen the inside track on this before Christmas all I can say is that at least they toned down some of the PR/marketing fluff that was originally presented.

The great thing about accountants is we all have long memories and some of us still refer to the apps we use with their old names:
Receipt Bank - Receipt Farm
Futrli - Crunchboards
Autoentry - OCRex

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Replying to johnt27:
John Stokdyk, AccountingWEB head of insight
By John Stokdyk
24th Feb 2021 11:27

You're right, John, Stuart did liken the acquisition to his dream marriage. But he also worked the Stefani theme into a subsequent comment about Xavier itself, which I took down as: "Xavier – it’s the Gwen Stefani of apps right now."

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Stepurhan
By stepurhan
23rd Feb 2021 17:10

Also does wonders for their marketing.

Search Receipt Bank, you get loads of relevant links.

Search Dext, most of the initial links are for a tools company (DEXTools) and they only appear on the front page if you put quote marks in.

Also Urban Dictionary defines Dext as "dribble texting", the text equivalent of drunk dialling. I wonder if anyone did research before choosing this new name.

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Replying to stepurhan:
A Putey FACA
By Arthur Putey
23rd Feb 2021 17:43

Also radio ads, RB is easy to understand and search for, Soldo wasn't and even Xero have resorted to spelling it. As for Sage ..... poor taste using hospital patients in their ads imho

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Replying to stepurhan:
A Putey FACA
By Arthur Putey
23rd Feb 2021 17:45

Anyone remember the Fiat Ritmo and why it it had to be renamed in some markets?

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Replying to Arthur Putey:
Stepurhan
By stepurhan
24th Feb 2021 08:44

Is that anything like the Vauxhall "does not go"?

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Routemaster image
By tom123
24th Feb 2021 08:57

Consignia, anyone?

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By hfiddes
24th Feb 2021 10:47

I have enough trouble remembering the difference between Arriva and Aviva :(

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A Putey FACA
By Arthur Putey
24th Feb 2021 13:31

Ooh look, TransferWise is now .... Wise, is that a de-fusion?

What's next? Aston Martin now known simply as Martin .....

Reminds me of the Python name change joke about Arthur [***]

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Replying to Arthur Putey:
A Putey FACA
By Arthur Putey
24th Feb 2021 13:33

love this site's auto redaction! [rhymes with Venus if you can't guess]

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Replying to Arthur Putey:
Stepurhan
By stepurhan
24th Feb 2021 15:10

Putey rhymes with Venus?

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Replying to Arthur Putey:
Stepurhan
By stepurhan
24th Feb 2021 15:10

Putey rhymes with Venus?

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Replying to Arthur Putey:
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By Hugo Fair
24th Feb 2021 15:53

OK, I'm always happy to test software features ... so here goes.
There used to easy ways round this problem, like the rarest record on the Beatles' Apple label which was released in 1969 and then abruptly recalled. The song was titled "King of Fuh" ... but the words sung included a chorus of "All hail the mighty Fuh King".
Happy memories of a simpler age!

*EDIT: Looks like the Aweb AI is less effective than reputed.

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Replying to Hugo Fair:
A Putey FACA
By Arthur Putey
24th Feb 2021 15:56

The Python joke went alomg the lines of an announcement in the personal column of a newspaper ... Arthur P*n*s has changed his name, he now wishes to be known as Art P*n*s

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Replying to Hugo Fair:
A Putey FACA
By Arthur Putey
24th Feb 2021 16:01

I dimly remember a Radio One shout out request, which Simon Mayo played along with by reading it out very carefully.... "please play a record for all the members of the Well Oil Beef Hooked Club"

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By Wyn
24th Feb 2021 18:49

Post Office - Consignia
PriceWaterhouseCooper - Monday
Vegimite - iSnack 2.0
Pizza Hut - The Hut
Prince - The Artist fka
Netflix - Qwikster
ReceiptBank - Dext

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By Andy556
24th Feb 2021 20:11

I'm more confused now.

They commented everywhere saying it stands for Dexterity and Next Generation.

Now they've just published it stands for
Data
EXTraction.

Have they gone back on their branding after 1 day?

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