Invoice management made easy with Open’s online bank account
With Open's automated invoice processing in action, now creating invoices and collecting payments is as easy as it can get!
Generate GST-compliant invoices in seconds
Create and convert estimates & generate approved invoices instantly
Stay on top of account receivables and account payables
Collect payments faster with in-built payment links
Send automated notifications for outstanding payments
Create & send invoices, cash memos, credit notes & more within minutes
Collect payments for subscriptions via UPI AutoPay or e-NACH
Integrate payment gateway, get paid via cards, RTGS, IMPS, NEFT & UPI
Manage cash flow reports & reconcile payments automatically
View all aged receivables, track them as per customers and transactions
Send payment reminders to customers using automated invoicing system
An online bank account that reconciles
payments
Experience simple but powerful reconciliation with Open that helps you manage all your accounts, invoices AND cash the smartest way!
Link multiple bank accounts to one dashboard and reconcile payments
Send GST-compliant invoices for one-time & recurring payments
Experience smarter and error-free cash reconciliation
Map inbound payments with customers using virtual accounts
Automate accounting & simplify workflows
Open’s online bank account comes integrated with accounting. Now save time & effort on accounting & focus on growing your business.
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Access smart invoice management, automated reconciliation, track & manage all business spends in ONE place
Got Questions?
Here is our FAQs section to help you understand all about our current account offeringMost businesses collect & track payments from customers on a daily basis. While sending out timely sales invoices is one part of the deal, sending your customer reminders to make the payment is equally important.
An invoice management solution will help you issue invoices to your customers and manage them in an organized way so you can collect single and recurring payments quickly without defaults.
Open provides an invoice management platform where businesses can collect payments easily with GST invoices. These invoices have in-built payment links which can be used for collecting payments swiftly. In the Open invoice management system, there are advanced features where you can convert estimates to invoices with a single click, and do a lot more.
When your business receives an invoice, you follow a series of steps to close it. It includes checking the details and recording it, matching and verifying it with the products or services you ordered as well as received, and finally paying the bills. After that, the invoice is recorded in a general ledger. This complete cycle is called invoice processing. It is important to make sure that all the details on the invoices are correct and there are no discrepancies while making the payment.
With Open, users can create, customize and save invoices, and collect payments directly from the platform via inbuilt payment links. Also, once the payment has been made, the entries on the bills get auto-reconciled in the accounting section of the Open platform.
The Open invoice processing solution ensures that you can collect single and recurring payments systematically without any errors.
Open’s invoice management system is simple, swift, and easy to use. It helps businesses create and manage invoices effortlessly.
GST compliant invoices to claim tax credits: Open offers GST compliant invoices, which will help your business share it with your customers and avail input tax credits. Open invoices have in-built payment links which can be sent out to your customers to collect payments.
Advertise your business with branded invoices: With Open, you can customize invoices with your logos and create branded invoices. It will help you send professional invoices to your customers with your company name & logo on the header. It not only makes you appear professional, but also helps advertise your business.
Quick transfer via inbuilt payment links: Open invoices have inbuilt payment links. If you enable ‘Online Payments’ on the invoice, you can collect payments via multiple online payment modes such as NEFT, RTGS, Debit and Credit cards, UPI, and Netbanking.
Easy auto reconciliation of invoices: When you send an invoice to your customer via Open, your customer can make payments with the Open inbuilt payment links immediately. It gets automatically reconciled on the Open platform by matching payments and invoice entries. Open also enables full and partial payments, which can be tracked and auto-reconciled. This will help you keep track of payments and defaults with ease.