Open
4.7
37

Not Claimed

Open is a SaaS platform that offers an all-in-one business account for SMEs, enterprises, and freelancers. It provides banking services integrated with automated accounting, payments, invoicing, auto-reconciliation, payroll, and expense management. Open is the fastest-growing neo-banking platform in India, serving over 2 million SMEs and processing over $24 billion in transactions annually.
Developer
Open Financial Technologies
Category
ERP
HQ Location
Bangalore, Karnataka
Number of Employees
696
Strengths
  • Open-source

    Community-driven development and customization

  • Cost-effective

    No licensing fees and lower implementation costs

  • Flexible

    Can be used for various applications and industries

Weaknesses
  • Limited support

    Relies on community support and may not have dedicated customer service

  • Security concerns

    May have vulnerabilities due to open-source nature

  • Integration challenges

    May require additional development to integrate with other systems

Opportunities
  • Potential for more development and support as community grows
  • Can be tailored to specific business needs
  • Increasing demand for open-source solutions
Threats
  • Other open-source and proprietary solutions in the market
  • May not have the same level of innovation as proprietary solutions
  • May not have consistent standards across different implementations

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Media

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Open Plan

Open Plan offers a free version with limited features and a paid version starting at $10/month with additional features.
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