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Open Reviews & Product Details

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.

Seller

Open Financial Technologies

Discussions

Open Community

Languages Supported

English

Product Description

Open is a connected banking platform designed to streamline business payments for small and medium-sized enterprises and startups. By integrating banking, payments, and accounting into a single interface, Open simplifies financial operations, enabling businesses to manage expenses, automate bookkeeping, and enhance cash flow management efficiently. Key Features and Functionality: - Bank Account Integration: Connect multiple bank accounts to monitor balances, view statements, and manage transactions from a unified dashboard. - Invoicing and Billing: Create GST-compliant invoices and bills, import them from accounting software, and facilitate faster collections. - Automated Reconciliation: Auto-reconcile payments with invoices and bills, reducing manual effort and errors. - Expense Management: Issue VISA debit cards to employees, set spending limits, and track business expenses in real-time. - Accounts Payable and Receivable Automation: Automate vendor payouts, manage collections, and gain real-time insights into cash flow. - ERP and Accounting Software Integration: Seamlessly integrate with popular accounting tools like Tally, Zoho Books, Microsoft Dynamics, and Oracle NetSuite for synchronized financial records. Primary Value and Solutions Provided: Open addresses the complexities of business financial management by offering an all-in-one platform that combines banking, payments, and accounting. This integration eliminates the need for multiple systems, reducing manual tasks and the risk of errors. Businesses benefit from improved cash flow visibility, faster payment processing, and enhanced financial control. By automating accounts payable and receivable processes, Open helps businesses save time, reduce operational costs, and focus on growth.

Overview by

Aneri Sheth (Open)

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Open Media

A smart and highly responsive dashboard allows you to manage your entire money movement with ultimate ease.

Manage all your business spends, with automated accounting, reconciliation and expense management solutions you get with the Open business account.

Monitor your business cash flow hassle-free along with managing your accounts payable, accounts receivable and automated tax payments, all in one place.

Manage your business expenses the smartest way, stay on top of all your team spends by real-time tracking and automated expense reports with Open’s VISA Business Card.

Collect payments or send payouts programmatically via Open’s virtual account, making instant refunds and everything in between by integrating Open’s APIs.

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Abhishek K.

Administrator

Small-Business (50 or fewer emp.)

4/27/2022

"Overall Excellent Platform"

5/5

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 ! Review collected by and hosted on G2.com.

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 !! Review collected by and hosted on G2.com.

Recommendations to others considering Open:

If You Guys are Thinking about Using The Platform then Definitely go for it without hesitation! Review collected by and hosted on G2.com.

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! Review collected by and hosted on G2.com.

Sreelakshmi V.

Director

Small-Business (50 or fewer emp.)

4/22/2022

"Very useful"

5/5

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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Manish K.

Director

Small-Business (50 or fewer emp.)

5/26/2022

"Best Digital Payment Solution"

5/5

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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Vishal M.

CEO

Small-Business (50 or fewer emp.)

6/9/2022

"Bank Open is responsive and helpful"

5/5

What do you like best about Open?

My RM Satwik is always available when i need him Review collected by and hosted on G2.com.

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 Review collected by and hosted on G2.com.

Imperium S.

MANAGER

Small-Business (50 or fewer emp.)

4/28/2022

"VERY NICE"

5/5

What do you like best about Open?

THE ADDITIONAL FEATURES WHICH THEY PROVIDE WERE OTHER COMPETATIVE PLAYERS NOT PROVIDES Review collected by and hosted on G2.com.

What do you dislike about Open?

SOME LIMITATIONS IN FUND TRANSFERS OF OPEN PAYOUT ACCOUNT Review collected by and hosted on G2.com.

Verified User in Information Technology and Services

Small-Business (50 or fewer emp.)

4/21/2022

"Satisfied with the user friendly application and Good support"

4.5/5

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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Ashish M.

Director

Mid-Market (51-1000 emp.)

4/21/2022

"Great Service"

5/5

What do you like best about Open?

The ease of creating links and the ease of handling queries Review collected by and hosted on G2.com.

What do you dislike about Open?

client transactions are a bit cumbersome for the client Review collected by and hosted on G2.com.

Verified User in Computer Software

Small-Business (50 or fewer emp.)

4/19/2022

"User-friendly and startup friendly"

4.5/5

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. Review collected by and hosted on G2.com.

What do you dislike about Open?

All International payments not allowed. Need Amount splitting and direct payment page and button creation. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services

Small-Business (50 or fewer emp.)

4/7/2022

"Fast and reliable services"

5/5

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 Review collected by and hosted on G2.com.

What do you dislike about Open?

No option for Card Processing for International Clients Review collected by and hosted on G2.com.