Open Money

Name: Open Money
Brand: Open Financial Technologies Pvt Ltd.
Rating: 4.00 (1 reviews)

Brand : Open Financial Technologies Pvt Ltd.

4
1 Rating & 1 Review
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Starting Price:

₹ 1,499 excl. GST

₹ 1,769 incl. GST

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Save Extra with 2 Offers

Save upto 18%, Get GST Invoice on your business purchase |
T&C
Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:
- the GSTIN of the user associated with their registered business, and
- the specified Entity Name for their business.
It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.
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Open accounting solution helps businesses manage all their accounting processes, right from bookkeeping and invoicing to payment reconciliation, all from a single platform. This automated accounting solution is integrated with Open business account that is built specially to suit the specific needs...Read more

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Open Money Software Pricing, Features & Reviews

What is Open Accounting Software?

With this accounting software, businesses can register, collect and make payments via multiple payments options, view account statements and get complete visibility of multiple business accounts from a single platform. Moreover, every single transaction made on this platform will automatically be recorded in the on the dashboard which helps businesses save ample time on reconciliation.

Why Use Open Accounting Software?

From basic invoicing and billing to automated accounting, Open Accounting Software is an essential tool that covers a business’ financial needs on one platform.

Accounts paybale and receivable: Stay on top of your accounts payable and receivable at all times with Open automated accounting.

Categorize and reconcile business transactions in a click
Easily manage payables and initiate payouts

Bookkeeping reports: Enjoy bookkeeping that comes integrated with banking

Oversee business finances with profit & loss and cashflow reports

Instant invoicing: Collect customer payments trouble-free.

Create GST-compliant invoices with in-built payment links in no time
Collect customer payments instantly via multiple payment modes
Track transaction status for all the invoices from one place

Benefits of Using Open Accounting Software

Automates repetitive tasks in accounting like data entry, bookkeeping reports, etc. and helps focusing more time on business growth.
Saves time by eliminating manual data entry for every single accounting transaction.
Simplifies the entire accounting process with powerful bookkeeping reports and easy payment reconciliation.
Improves accuracy and speed of accounting records and cashflow management.
Enables efficient and simpler tax filing process for businesses.

Pricing of Open Accounting Software

Open Accounting price in India starts at Rs.1,499 at techjockey.com. Please request a call back for subscription-related details and to avail offers on premium packages.

Open Money Pricing & Plans

Lite

Automated Bank to ERP Reconciliation
Historical data access-3 Month
Creating Invoices & Bills-200 /month
Invoice & Bill Reconciliation- 75 /month
Vendor Account Verification-10 Vendors /month
Auto-reconciliation of AP / AR

- Licenses
- Monthly

Calculated Price (Exclusive of all taxes)

₹ 1499

Standard

Automated Bank to ERP Reconciliation
Historical data access-1 Year
Creating Invoices & Bills-500 /month
Invoice & Bill Reconciliation- 500 /month
Vendor Account Verification-100 Vendors /month
Auto-reconciliation of AP / AR

- Licenses
- Monthly

Calculated Price (Exclusive of all taxes)

₹ 6999

Premium

Automated Bank to ERP Reconciliation
Historical data access-2 Year
Creating Invoices & Bills-1500 /month
Invoice & Bill Reconciliation- 1500 /month
Vendor Account Verification-250 Vendors /month
Auto-reconciliation of AP / AR

- Licenses
- Monthly

Calculated Price (Exclusive of all taxes)

₹ 13999

Open Money Features

Reconciliation Reconcile payments automatically to cut down on manual mistakes.
Dashboards Manage all the finance-related needs conveniently on a unified dashboard.
Sales Manage account receivables and payables for every sale with Open money.
Banking A banking platform that letsbusiness owners collect payments and make seamless payouts.
Payroll With Open Money, get the benefit of an integrated payroll method that goes beyond regular salary payments.
Unified Connected Banking Connects all your existing current accounts to a single dashboard for real-time visibility of balances and transactions fast.
Automated Bookkeeping Reduces manual data entry by automatically categorizing your business income and expenses as they hit your connected accounts.
GST-Compliant Invoicing Creates and sends professional, tax-ready invoices via WhatsApp, email, or SMS with built-in payment collection links today.
Real-Time Auto-Reconciliation Matches incoming and outgoing payments with their respective invoices automatically, saving hours of manual accounting work.
Bulk Payouts Infrastructure Enables instant salary and vendor disbursements to thousands of recipients simultaneously via NEFT, RTGS, IMPS, or UPI fast.
Tax Management Automatically calculates GST and TDS liabilities and enables direct filing to government portals without leaving the platform.
Role-Based User Access Grants specific, limited permissions to accountants or employees to view reports or upload bills without full account control.
WhatsApp Bill Submission Allows employees to simply snap and send photos of receipts via WhatsApp directly into the digital bill inbox for approval.
Virtual Account Collection Generates unique virtual account numbers for different customers to simplify the tracking of high-volume inward remittances.
Collect Payments Easily accept payments with different modes of money transfer including IMPS, NEFT, RTGS and UPI.
Role-Based Access Control Access to users can be allocated and managed as per the team’s requirement.
Accounting Automation Manage all accounting-related functions like bookkeeping, invoicing, etc. on a single platform.
Expense Management Manage expenses in a hassle-free manner with Open’s virtual cards and prepaid expense cards.

Open Money Review

Have recommended this product

Overall Score

4/5

Based on 1 Review

Features 4/5

Value for Money 4/5

Ease of Use 4/5

Customer Support 4/5

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Verified reviewer:

Product Manager, Computer Networking

Individual

Reviewed on: Dec 6, 2023

4/5

“Great Platform to manage payouts”

As a user of Open.money, I've found it to be a game-changer for managing my business finances. The ease of connecting bank accounts and integrating with accounting software like Tally and Zoho Books has simplified my payment processes immensely. The platform's ability to handle GST invoicing and provide payment links for online transactions has been incredibly efficient. Additionally, the feature of tracking account payables and receivables offers great clarity in financial management. The support from major Indian banks ensures seamless transactions directly from the Open dashboard, making it a reliable and convenient tool for business payments. Overall, Open.money has significantly streamlined my financial operations, saving me time and enhancing my financial control.

Pros : Ease of Integration: Connects seamlessly with various bank accounts and accounting software like Tally. Comprehensive Financial Management: Offers features like GST invoicing, payment links, and tracking of payables and receivables. Bank Partnerships: Supported by major Indian banks for direct transactions from the dashboard. Streamlined Processes: Simplifies sending, receiving, and reconciling business payments.

Cons : Geographic Limitation: Primarily focused on Indian markets and major Indian banks, which may limit its utility for international users. Customer Support: The experience and responsiveness of customer support might vary, which could be a concern for resolving urgent issues.

Reason to switch : Simplified Payment Processes: The seamless integration with bank accounts and accounting software has made sending and receiving payments much more efficient. Better Financial Management: Features like GST invoicing and tracking of payables/receivables provide a clear overview of my business finances, aiding in better decision-making. Time-Saving: Automated reconciliation and financial reporting save considerable time, allowing me to focus on other critical aspects of my business. One-Stop Solution: The availability of additional tools for payroll, expense management, and tax filing means I can manage most of my financial tasks in one place, avoiding the need for multiple platforms.

Features

4/5

Value for Money

4/5

Customer Support

4/5

Ease of Use

4/5

Open Money FAQ

Q Which operating system does Open Accounting Software support?

Q Is there any Open Money app?

Q What is the deployment type of Open Money?

Q How much does Open Accounting Software cost?

Q Who are the potential users of Open Accounting Software??

Q Is there any free trial or demo for Open Accounting Software?

Q How can you download Open Accounting Software?

Brand Name	Open Financial Technologies Pvt Ltd.
Information	Open is Asia’s first and fastest growing business banking platform for SMEs and startups. Open helps businesses automate their finances by letting them collect online payments, do bulk payouts, reconcile transactions and integrate banking into their business workflows
Founded Year	2014
Director/Founders	Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko
Company Size	1-100 Employees
Other Products	Open Payroll

Open Money

Open Money Software Pricing, Features & Reviews

What is Open Accounting Software?

Why Use Open Accounting Software?

Benefits of Using Open Accounting Software

Pricing of Open Accounting Software

Open Money Pricing & Plans

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