Open - 2024 Pricing, Features, Reviews, & Alternatives

Open is a cloud-based software designed to help startups and small to midsize enterprises manage payments, virtual accounts, cash, invoices, taxes, expenses, and more via a unified portal. The platform includes payroll management functionality, which enables businesses to track employees’ attendance and leaves, create payslips, and analyze reports for reference.

Open allows organizations to generate eBills and good and service tax (GST) compliant invoices, monitor accounts payables and receivables, profit and loss statements, and cash flow reports, and categorize and reconcile transactions using custom attributes. The application allows accounting professionals to send invoices to clients with integrated payment links, track the status of payments, and accept payments via IMPS, NEFT, RTGS, and other modes of payments. Users can also handle bookkeeping, customer payments, and financial reports.

Open’s cash management feature allows administrators to share invoices, credit notes, estimates, and cash memos with customers and vendors, send automated reminder emails for payments, and gain insights into cash-in-hand and cash-in-bank on a centralized dashboard. Businesses can also monitor multiple transactions and automate single or bulk payments via integration with payout APIs.