Following the acquisition of Greenback, Dext has released a rebranded version of Greenbank’s software called Dext Commerce, a digital sales management solution.
Financial terms of the deal were not disclosed.
Dext Commerce is expected to help accountants take on more e-commerce clients by simplifying the collection and categorization of sales data from 16 e-commerce, POS and payment platforms, including Amazon, PayPal, Shopify and Stripe. It also integrates with Xero and Quickbooks Online.
Key Dext Commerce features include a digital record of sales transactions line by line to support compliance with new data regulations, and the ability to itemize sales, fees, refunds and reimbursements data, line by line, with one subscription.
“Millions of businesses now sell via e-commerce platforms like Amazon and Shopify,” said Dext CEO Adrian Blair in a statement. “Dext Commerce enables accountants and bookkeepers to take on these businesses as clients more profitably. Dext Commerce solves two key pain points: getting standardized data, line by line, from multiple sources; and ensuring digital sellers accurately calculate how much tax to pay in different markets.”
Dext Commerce will be available in the U.S. the U.K., and Canada on September 1. Th e company expects to roll it out in France and Australia later this year.