Open is a digital banking that combines banking, payments & accounting in one simple service for small businesses to efficiently manage their finances. The service aims to solve the following challenges being faced by small and medium businesses. >> Not able to track and map payments to the bank account from customers >> Dealing with multiple interfaces for accounting, invoicing, payment gateway and bank dashboard for reconciliation. >> Paying vendors and employees are not seamless Open has partnered with leading banks to offer an alternative business account that has the following features >> Bank Account number with IFSC code in less than 5 mins >> Automatic identification of incoming payments that gets reconciled with the invoices >> Additional features like integrated payment gateway, invoicing and bookkeeping to help manage all the finances in one single place. >> Seamless bulk payouts to vendors and employees through dashboard and APIs
