Open for M1xchange
Bring M1xchange into Open next to your banks. See its balances and settlements with the rest of your cash and reconcile them in your ERP.
- Built by
- Open
- Type
- TReDS platform
Bring M1xchange into your ERP
- 1
Connect your M1xchange account
Choose M1xchange in Open and complete the authorisation steps with your authorised signatory.
- 2
Open brings in balances and settlements
Once access is active, balances and settlements from M1xchange appear in Open next to your bank accounts.
- 3
Entries in your ERP
M1xchange entries land in your ERP for reconciliation alongside your bank transactions.
of manual work every month — no portal logins, statement downloads or upload files for M1xchange.
What you can do with M1xchange
One view of your cash
See M1xchange balances and settlements next to every bank you use.
Entries in your ERP
No more downloading M1xchange reports and uploading files.
Faster reconciliation
Match M1xchange settlements against ledger entries inside your ERP.
Audits and security handled
Open takes care of audits and security, so the connection stays reliable.
About M1xchange
- Type
- TReDS platform
- Based in
- Gurugram
- Operating since
- 2017
M1xchange is a TReDS platform run by Mynd Solutions, based in Gurugram. It began operations in 2017 under a Reserve Bank of India authorisation to run a Trade Receivables Discounting System.
TReDS platforms are electronic exchanges, regulated by the Reserve Bank of India, where small-business sellers get their approved invoices to buyers financed by banks and other financiers. Companies on both sides use them alongside their bank accounts.
M1xchange connects to Open so it works alongside your banks and your ERP, without file uploads or portal logins. Open takes care of audits, security and the day-to-day management of the connection, and keeps it running smoothly.
Free tools for finance teams
Calculators and templates that run in your browser. Nothing you enter is sent anywhere.
- Multi-bank cash position and statement mergerAdd your accounts to see one consolidated cash position by bank, entity and currency, or drop in CSV statements from different banks and get a single merged statement.Open the tool →
- Bank time savings calculatorTell us how your team works with banks today. See the hours and rupees that go on bank logins, payouts and statements, and what you get back when your banks are connected to your ERP.Open the tool →
Works with your ERP
Bring your banks together. Get more done.
Connect your current accounts and start using Open through your dashboard, ERP or internal systems.