# Open Reviews **Vendor:** Open Financial Technologies **Category:** [Accounting Software](https://www.g2.com/categories/accounting) **Average Rating:** 4.9/5.0 **Total Reviews:** 10 ## About Open Open simplifies business finance management with a banking system integrated with automated accounting, payments, invoicing, auto-reconciliation, payroll and expense management. The all-in-one Open business account powers the financial and business banking needs of SMEs, enterprises and freelancers. Open powers business banking services for over 2 Million SMEs in India. It is the fastest growing neo-banking platform adding over 100,000 new SMEs/month and processing over $24 billion in transactions annually. ## Open Reviews ### 1. Overall Excellent Platform **Rating:** 5.0/5.0 stars **Reviewed by:** Abhishek K. | Administrator, Small-Business (50 or fewer emp.) **Reviewed Date:** April 27, 2022 **What do you like best about Open?** The Expense Management & The Credit Handling Services are two of the best services of Open Platform. I have seen the Payroll Demo also and its UI Design looks Astonishing ! **What do you dislike about Open?** So there are various platforms inside open itself and mixup of these platforms like Open Money, Open Book is something I do not like. I mean they guys should properly inform the clients about these. Rest Everything is Perfect !! **Recommendations to others considering Open:** If You Guys are Thinking about Using The Platform then Definitely go for it without hesitation! **What problems is Open solving and how is that benefiting you?** So basically all the entire different management programs such as payments to vendors, expense management and most important the payment links…………are managed with the help of open platforms itself without going further else! ### 2. Very useful **Rating:** 5.0/5.0 stars **Reviewed by:** Sreelakshmi V. | Director, Small-Business (50 or fewer emp.) **Reviewed Date:** April 22, 2022 **What do you like best about Open?** Easier to open account with Open and it's simple to use. All kinds of online payments can be done with it. It literally same as it's name. Open is open to fulfil all needs of a business especially Startups. We are really have to have this service. **What do you dislike about Open?** I don't dislike it personally. Because we can use an Open card for national or international payments. Also Open doesn't charge fee. So, as a Startup founder I am very much thankful. **What problems is Open solving and how is that benefiting you?** We use Open Card to pay for international platforms. And solo package is free as well as it's very useful for us. It helps us to solve whatever problems regarding payments and transactions faced until now. ### 3. Best Digital Payment Solution **Rating:** 5.0/5.0 stars **Reviewed by:** Manish K. | Director, Small-Business (50 or fewer emp.) **Reviewed Date:** May 26, 2022 **What do you like best about Open?** Open money is the best payment solution for startup business and providing us all digital payment related services and much more useful features in one dashboard. **What do you dislike about Open?** Basically there are nothing to dislike but sometime we Facing some glitches while using the platform. But team is very supportive to resolve the issue as soon as possible. **What problems is Open solving and how is that benefiting you?** I got payment collaction solution from my customers at Lowest MDR charges across all the other service provider. And Open Money provide instant settlement at no other cost. ### 4. Bank Open is responsive and helpful **Rating:** 5.0/5.0 stars **Reviewed by:** Vishal M. | CEO, Small-Business (50 or fewer emp.) **Reviewed Date:** June 09, 2022 **What do you like best about Open?** My RM Satwik is always available when i need him **What do you dislike about Open?** the support, and the interface is that of a human, unlike other banks which use a Chat bot or robot **Recommendations to others considering Open:** Stress Free and easy **What problems is Open solving and how is that benefiting you?** ONline transactions ### 5. VERY NICE **Rating:** 5.0/5.0 stars **Reviewed by:** Imperium S. | MANAGER, Small-Business (50 or fewer emp.) **Reviewed Date:** April 28, 2022 **What do you like best about Open?** THE ADDITIONAL FEATURES WHICH THEY PROVIDE WERE OTHER COMPETATIVE PLAYERS NOT PROVIDES **What do you dislike about Open?** SOME LIMITATIONS IN FUND TRANSFERS OF OPEN PAYOUT ACCOUNT **What problems is Open solving and how is that benefiting you?** WE CAN LINK ICIC BANK ACCOUNT TO THE OPEN SOFTWARE THEN WE CAN DO UNLIMITED FUND TRANSFERS BY ACTIVATING INSTANTLY WHICH HELPS OUR COMPANY VERY LOT ### 6. Satisfied with the user friendly application and Good support **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** April 21, 2022 **What do you like best about Open?** It is a very great experience being part of open the account manager is very friendly and clears every doubt without any delay. Early Response from support and account manager. **What do you dislike about Open?** Starting there were lot of tehnical glitches while adding card and also while GMB.I dont know as it was some techincal problem.I think technically you should improve. **What problems is Open solving and how is that benefiting you?** Its helping us to keep all the records , bulk payments, and also helpful in Marketing.My work has became more productive.Business is gradually increasing.Performance is also has taken upward growth. ### 7. Great Service **Rating:** 5.0/5.0 stars **Reviewed by:** Ashish M. | Director, Mid-Market (51-1000 emp.) **Reviewed Date:** April 21, 2022 **What do you like best about Open?** The ease of creating links and the ease of handling queries **What do you dislike about Open?** client transactions are a bit cumbersome for the client **What problems is Open solving and how is that benefiting you?** International payments happen without any issues ### 8. User-friendly and startup friendly **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Computer Software | Small-Business (50 or fewer emp.) **Reviewed Date:** April 19, 2022 **What do you like best about Open?** Inbuilt account and card facilities Credit option is more helpful. HRM and other facilities include in one click. **What do you dislike about Open?** All International payments not allowed. Need Amount splitting and direct payment page and button creation. **What problems is Open solving and how is that benefiting you?** No need Extra Account starting. Expense cards more useful because arrange limit (not start using). Additional billing softwares not need. ### 9. Fast and reliable services **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** April 07, 2022 **What do you like best about Open?** Helpful help team and fast settlement especially Anand helped me a lot in setting up my account and also in the Remittance **What do you dislike about Open?** No option for Card Processing for International Clients **What problems is Open solving and how is that benefiting you?** By offering a business bank account in USA without forming a company there ### 10. Great Tool **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Computer Software | Enterprise (> 1000 emp.) **Reviewed Date:** May 22, 2022 **What do you like best about Open?** Great for expense management and credit handling! **What do you dislike about Open?** No dislikes. Occasionally long load times **What problems is Open solving and how is that benefiting you?** Manage all payments from one platform - [View Open pricing details and edition comparison](https://www.g2.com/products/open-financial-technologies-open/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-29+14%3A40%3A11+-0500&secure%5Bsession_id%5D=0820de37-9ccf-4096-8987-b87220506e68&secure%5Btoken%5D=0bf8f11d305ef5507f82f650802b59ba2bea4bc45be30d4b85ab558288426c26&format=llm_user) ## Open Features **Expense Reports** - Ease of Creating Expense Reports - Bank / Credit Card Integration - Smart Categorization - Digital Receipt Management - Employee Reimbursement - Currency Conversions - Credit Card Integration **General Ledger** - Journal Entries - Tags / Dimensions - Audit Trail **Invoice Generation** - Templates - Digital Invoices - Recurring Invoices **Cash Flow Management** - File Exports - Income and Expenses - Track Cash Flow **Bill Generation** - Templates - Digital Billing - Recurring Billing **Agentic AI - Accounting & Finance** - Autonomous Task Execution **Agentic AI - Expense Management** - Autonomous Task Execution - Cross-system Integration **Travel Management** - Ease of Booking - Itinerary Management - Trip Notifications - Advanced Integrations **Accounts Receivable** - Invoice Customization - AR Automation - Collections Automation **Invoice Processing** - Approvals - Batch Processing - Consolidation - Match Invoices **Cash Flow Forecasting** - Historical Data - Reforecast - Forecast Types - Rolling Forecasts - AI **Bill Processing** - Consolidation - Batch Invoicing - Management **Accounts Payable** - AP Automation - Payment Processing - Purchase Orders **Analytics** - Due Dates - Cashflow - KPIs - Payment Tracking **Analytics** - Variance Analysis - Reports - Forecast Comparison - Forward Looking **Integration** - Accounting - Payments - ERP **Client Invoicing** - Invoice Creation and Delivery - Electronic Payments - Project Accounting / Revenue Recognition **Integration** - Accounting - Payments - ERP - Account Sync **Financial Data Transfer** - Data Transfer - Data Exchange - Reporting - Access - Integration **Agentic AI - Billing** - Autonomous Task Execution **Generative AI - Expense Management** - Image-to-Text - Text Generation - Text Summarization **Other Functionality** - Inventory Tracking / Ordering - Inventory Pricing and Costing - Inventory Reporting - Multi-Entity / Consolidation - Recognition Rules - Reconciliations - Payroll - Time and Expense **Agentic AI - Cash Flow Management** - Autonomous Task Execution **Agentic AI - Invoice Management** - Cross-system Integration - Adaptive Learning - Proactive Assistance **Mobile** - Receipt Capture - Mileage Tracking - Travel Itinerary and Flight Status Updates **Reporting & Analytics** - Financial Statements - Custom Reporting - Budgeting / Forecasting - Dashboards **Platform** - Embedded AI / Machine Learning - Complex Approval Workflow **Platform** - Customization - Workflow Capability - User, Role, and Access Management - Internationalization - Performance and Reliability - Output Document Generation **Administration** - PCI Regulation Compliant **Administration** - Business Tool Integration - Workflow - Automated Reminders - Policy Compliance Management - User, Role, and Access Management **Integration** - Data Import and Export Tools - Integration APIs - Breadth of Partner Applications **Platform** - Reporting - APIs / Integration - Internationalization - Performance and Reliability - Mobile User Support - Offline **Cash Flow** - Track Cash Flow - Income and Expenses - File Exports **Budgeting & Forecasting** - Budgeting / Forecasting - Data Import - Versioning - Historical Data **Revenue** - Revenue Types - Revenue Allocation - Scheduling **Payroll** - Direct Deposit - Check/W-2 Printing - Tax Calculation - Reporting and Dashboards **AI** - Data Extraction - Invoice Processing - Expense Management - Fraud Detection - Tax Compliance - Support Chatbots - Bank Reconciliations - Report Generation - Customizable Alerts - Predictive Analytics **Mobile Applications - Accounting** - Cloud Integration - Notifications - UI - Offline - Expense Tracking - Invoice Management **Agentic AI - Accounting** - Autonomous Task Execution ## Top Open Alternatives - [Zoho Books](https://www.g2.com/products/zoho-books/reviews) - 4.4/5.0 (320 reviews) - [Happay](https://www.g2.com/products/happay/reviews) - 4.5/5.0 (423 reviews) - [NetSuite](https://www.g2.com/products/netsuite/reviews) - 4.1/5.0 (4,629 reviews)