Open
About Open
Open Pricing
Solo - Free Startup - $7.87 monthly or $21.65 quarterly or $78.72 annually Growth - $11.81 monthly or $32.80 quarterly or $118.08 annually
Starting price:
$7.87 per month
Free trial:
Not Available
Free version:
Available
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Most Helpful Reviews for Open
1 - 5 of 27 Reviews
Pranav
Verified reviewer
Food & Beverages, 2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed December 2021
Great platform with amazing functionality!
The reason behind working with Open was pretty simple. It provided us with a feature to access our funds in our bank account in ways other than the conventional methods like Bank Transfer, NEFT, or RTGS.
PROSOpen Money made it extremely easy for us to manage our foreign transactions related to online portals like Shopify, G Suites, etc. The interface is pretty convenient and the ability to create different expense cards based on the expense category really helps in managing and tracking all the marketing expenses.
CONSThe integration process did have some glitches at first but nothing major that cannot be solved with some tweaking. Rest everything was pretty seamless.
Deepak
Education Management, 1 employee
Used weekly for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2021
Still a lot to do.
It has eased some of the issues that I faced with banking but has a lot of room to improve.
PROSIt is a cloud based platform, so there is no worry about losing the data. (The previous app I used, had a sync issue and had to redo six months of accounts again.) I went for it for two reasons: 1. The annual package was attractive with a business credit card and access to a website building platform. 2. It has many automations related to payments so I do not have to reconcile records manually (in most cases). With a majority of my customers preferring digital payments, multiple modes of payments facilitate timely receipts of payments which are a most for a small business. The data can be imported to Tally which my CA loves the most. You can even allow access solely for accounting purpose.
CONS1. They need to design the platform to suit a businessperson's needs (to whom they are trying to sell it). 2. Often on weekends, NEFT mode of payment has issues which get sorted only on Monday mornings. No customer support on weekends. Failed payment reversals take eternity. 3. PAIN to use on a mobile phone. Cannot import contacts. UI on mobile feels like a website adjusting full version to mobile. 4. Customer care often has text book replies. They are improving but are a still a long way from being user friendly.
Reason for choosing Open
Cost effective and transparent pricing. Real time settlements except for cards.
Reasons for switching to Open
For the sole reason of linked virtual bank account and business credit card.
vibhash
Hospitality, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed December 2021
open money feedback
Easy to use , user friendly , Customer support is quick
CONSMobile features are good , But needs a more clarity on IF someone wants to transfer directly to acc
Ashraf
Retail, 2-10 employees
Used daily for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed February 2021
Best way to sort our business account reconciliation
Overall a positive experience. My biggest challenge was not having all my accounts in one place. With Open I don't have to juggle between multiple softwares and above all, for a startup the best part is I get to experience all features free of cost.
PROSI love that it's an all in one software. I can create professional invoices for free and my clients can directly pay with a link via card or netbanking or UPI. So the choice of payment is at the users discretion but for me, all my business payments come in one place and the status of the payment gives me clarity without having to keep checking my bank statement at all times. So big bonus for account reconciliation which for small businesses is a headache!
CONSUnable to categorize virtual cards. I have to keep an offline record of which virtual card is for which purpose, like - marketing, food, etc.
Reason for choosing Open
These products provide only payment gateway. However, Open is a one stop shop solution. Plus Zoho Books was very expensive for a startup.
Rahul
Financial Services, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2021
Best software for open banking for startup
Open Bank has helped me and my business greatly. Earlier I would have to make transactions from individual banks’ websites and bother myself with the slow processing time, transaction restrictions, adding beneficiaries at a slow rate, etc. Open Banking puts all of that in one place and makes the transactions way smoother and more convenient. The UI/UX is great and very appealing.
PROSIt allows me to make bulk payments and review transactions and balances of all the banks I have accounts in, in one single place. As I manage multiple accounts of my own, Open Banking makes it easy for me to also view their accounts and make transactions from a single page without having to log in and out in ten different places and bother myself with the account details and passwords every time. It also has an extremely convenient system for filing TDS and GST. Some things now I can save my business hours on. They also offer expense cards that can be used with virtual accounts that they provide to reduce the risk factor involved with it. They have connected Tally software with their systems and automated the entries made into the system so I don’t have to enter it every time I make a transaction. The one thing that tops all of this is the Founder Card that they have provided me with which can be used as both credit and debit card. Wherein I could use the money in my account, but I also get a credit limit for my expenses.
CONSI need one feature where we can use the same account but with multiple users.
Reason for choosing Open
Open Banking puts all of banking, payments and taxes in one place and makes the transactions way smoother and more convenient. It has a great and very appealing UI & UX.
Vendor Response
Thank you, Rahul. This review means a lot to us.
Replied July 2021