Discover the key differences between Dext vs Summit for expense management and find out which tool best meets your finance team’s needs with advanced AI features and flexible pricing.
In the evolving world of finance, teams are under increasing pressure to enhance efficiency and manage costs effectively. Nearly 40% of finance leaders in Asia—including Singapore—see the mental health of the workforce as a significant concern for the future of finance functions. This shift highlights the need for tools that not only streamline processes. Tools also have to reduce manual workloads and stress, ultimately supporting healthier, more productive teams.
Expense management solutions like Dext and Summit offer essential features for managing expenses, vendor invoices, and employee claims. But how exactly does Summit set itself apart, and what should finance teams consider when choosing the best expense management tool? Let’s explore.
What's in this article?
Dext vs Summit: Key expense management features
Vendor invoice management & bill payments
Vendor invoice management is a crucial feature of expense management platforms. This allows finance teams to process and track payments to suppliers efficiently. Both Dext and Summit offer this functionality. However, Summit takes a more proactive approach by integrating AI and automation into its system. This enhances the entire payment process by reducing manual input and increasing overall speed and accuracy. Summit’s focus extends beyond payments. Summit offers tools designed to streamline workflows and simplify approval processes, making it more than just a payment solution. This distinguishes Dext vs Summit.
Reimbursements & employee claims
Managing reimbursements and employee claims is another core feature to consider in Dext vs Summit. Summit brings additional capabilities through its AI-driven tools. The smart scanning feature reads and fills in missing fields on receipts, including tax details and categories. This saves finance teams time and reduces errors. Additionally, Summit’s policy checker automatically reviews claims against uploaded expense policies. This ensures that employee claims align with company guidelines, reducing the likelihood of discrepancies. While Dext also facilitates reimbursements, it lacks this level of automation and policy integration, which makes Summit a more comprehensive choice.
Corporate cards (coming soon for Summit)
Corporate card functionality is a standard feature in expense management, allowing for easier tracking of company expenses. This feature will provide finance teams with greater flexibility. The addition of corporate cards will strengthen Summit’s value proposition as an all-encompassing expense management tool designed to meet various needs—from day-to-day expenses to larger operational costs.
Dext vs Summit: Pricing model
How does Summit’s transaction-based pricing benefit your budget?
The transaction-based, fair-use pricing model from Summit sets it apart from the standard user-based fees that Dext uses. With Summit, finance teams can onboard all employees without extra costs tied to user numbers. This approach makes Summit budget-friendly and scalable—especially for teams aiming to avoid the financial burden of per-user pricing. This flexibility supports expansion for growing companies without impacting the bottom line.
Why choose Summit’s SaaS model for payment flexibility?
Summit’s SaaS-only model offers payment flexibility that finance professionals appreciate. Unlike Dext, Summit does not require users to use its payment system. Instead, teams can select their preferred payment method, aligning with their cost-saving strategies and established practices. This model empowers finance teams to use the payment processes that best suit their financial approach.
Dext vs Summit: Advanced AI features
How Summit’s smart scanning boosts accuracy and saves time
Summit’s smart scanning technology is designed to streamline the data entry process and improve accuracy, making it a game-changer for finance teams. While both Summit and Dext offer robust scanning capabilities that auto-populate fields in invoices and receipts, Summit goes a step further in several key areas. For instance, Summit automatically fills in missing fields based on contextual information, making the process more intelligent and reducing the need for manual adjustments. On the other hand, Dext requires users to define supplier rules before it can fill in these fields, which can be time-consuming and less flexible, especially for new or irregular suppliers.
Another area where Summit outshines Dext is its ability to read receipts and invoices in multiple languages, making it particularly valuable for businesses managing travel expense claims and invoices from foreign suppliers. This makes Summit an ideal solution for businesses that deal with a wide variety of receipt formats or operate in regions with diverse languages, ensuring that no receipt goes unprocessed.
Summit and Dext both offer a robust feature that automatically identifies duplicate receipt submissions, helping finance teams catch errors and avoid costly mistakes. What distinguishes Summit is its ability to notify employees of duplicate submissions at the point of entry, allowing them to correct the error before moving forward. This proactive approach ensures that an accurate audit trail is maintained throughout the process.
Furthermore, Summit’s AI is designed to be more precise when it comes to categorising tax information. While both Summit and Dext assist with tax categorisation, Summit's system is more accurate and ensures better compliance with local regulations, particularly in complex environments like Southeast Asia. This level of detail and accuracy is especially critical for businesses that need to stay on top of ever-evolving tax laws.
In summary, while both Summit and Dext provide useful scanning and automation tools, Summit takes it a step further with smarter AI, greater flexibility, and advanced fraud detection capabilities. This makes Summit the better choice for businesses looking to not only save time but also improve accuracy and reduce the risk of errors and fraud in their expense management processes.
Can Summit’s policy checker keep your expense claims compliant?
Summit’s AI-driven policy checker is a game-changer for compliance. It reviews each claim against the company’s expense policy, flagging any non-compliant entries and providing feedback on why they fall outside the guidelines. This real-time check ensures that claims align with policies, making Summit more robust than Dext, which lacks a comparable feature. For finance teams, it means fewer discrepancies and smoother approvals.
How does Summit’s advanced automation streamline approval workflows?
Both Summit and Dext offer robust automation for streamlining approval workflows, allowing finance teams to set up custom processes that suit their needs. Summit goes a step further by providing a more comprehensive solution for managing rejected claims. When a claim is rejected, the admin may use Summit to notify the employee or submitter with a clear explanation of the reason for the rejection. This enables the submitter to edit and resubmit the claim, ensuring that any issues are addressed before moving forward. In contrast, Dext simply returns the rejected claim to the submitter's inbox, without providing specific feedback or facilitating direct edits. Summit’s advanced automation, paired with its detailed audit trail, enhances transparency and control, making it an ideal choice for teams that need granular oversight and efficient management of expense claims.
Ready to streamline your expense management with Summit
In summary, both Dext and Summit offer solid solutions for expense management, with features that streamline processes, automate workflows, and help manage vendor invoices and employee claims. If you're looking for a simple and reliable tool to manage your expenses, Dext can meet your needs. However, why settle for basic functionality when Summit offers a more comprehensive solution? Summit not only provides smarter AI-driven features like enhanced receipt scanning and better fraud detection, but also offers advanced tools like a detailed policy checker, proactive error notifications, and a more flexible approval workflow for rejected claims.
Moreover, Summit is specifically tailored for businesses operating in the APAC region, offering localised support for diverse tax laws and receipt formats that Dext simply doesn’t match. Whether you're dealing with complex tax environments, multi-currency transactions, or receipts in multiple languages, Summit's regional adaptability ensures smoother compliance and easier integration into your local finance processes.
Summit’s capabilities extend far beyond what Dext provides, making it the better option for finance teams that require greater accuracy, transparency, and control over their expense management processes—especially in the APAC market. Don’t just streamline your workflow—choose Summit to optimize it and stay ahead in a fast-evolving financial landscape.
If you’re ready to simplify expense management and bring efficiency to your finance team, Summit is here to help. Discover how our AI-driven tools can save you time, reduce costs, and keep your processes compliant. Contact us today to learn more or book a demo and see how Summit can transform your operations.
