Open Money

Banking Software

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Starting at

₹ 1,500 /Month

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Banking

All industries

Retail Banking
Reporting
Private Banking
MIS
Accounting

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Payment Collect and Pay
Role-based access
Accounting Automation
Expense Management
Reconciliation

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Overall

4(1)

Features

Ease of Use

Value for Money

Customer Support

Likelihood to Recommend

90%

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pros-list-icon Ease of Integration: Connects seamlessly with various bank accounts and accounting software like Tally. Comprehensive Financial Management: Offers features like GST invoicing, payment links, and tracking of payables and receivables. Bank Partnerships: Supported by major Indian banks for direct transactions from the dashboard. Streamlined Processes: Simplifies sending, receiving, and reconciling business payments. Posted - Dec 06, 2023

cons_icon Geographic Limitation: Primarily focused on Indian markets and major Indian banks, which may limit its utility for international users. Customer Support: The experience and responsiveness of customer support might vary, which could be a concern for resolving urgent issues. Posted - Dec 06, 2023

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Deployment

Web Based
On Premises

Device Supported

Desktop
Mobile
Tablet
iPad

Operating System

Ubuntu
Windows
iOS
Android
Mac OS
Windows(Phone)
Linux

Deployment

Web Based
On Premises

Device Supported

Desktop
Mobile
Tablet
iPad

Operating System

Ubuntu
Windows
iOS
Android
Mac OS
Windows(Phone)
Linux

A Quick Comparison Between iMAL and Open Money

Let’s have a detailed comparison of iMAL vs Open Money to find out which one is better. Let’s discover some of the essential factors that you must consider and decide whether iMAL or Open Money fits your business.

Comparison of iMAL vs Open Money In terms of Features

iMAL includes features like Retail Banking, Reporting, Private Banking and MIS. Open Money is known for functionalities like Payment Collect and Pay, Role-based access, Accounting Automation and Expense Management. When you compare iMAL vs Open Money, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between iMAL and Open Money In terms of Deployment Type

While iMAL supports Web Based deployment; Open Money is suitable for Web Based deployment. While selecting between iMAL and Open Money, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

iMAL or Open Money: Which Is Ideal for Your Industry

iMAL is ideal for industries like Banking. For All Industries, Open Money is a better choice. If you are confused between iMAL or Open Money, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - iMAL or Open Money

iMAL and Open Money can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare iMAL and Open Money during demo to decide which one is best for your business.

FAQs

Is iMAL better than Open Money?

While iMAL offers customized features, Open Money has diverse modules. Select between iMAL or Open Money as per your business needs.

Are iMAL and Open Money same?

Both these products offer similar features but with a different approach. While iMAL emphasizes on user experiences, Open Money focuses on functionalities.

Which is better iMAL or Open Money?

It all depends on the functionalities that you prefer. While iMAL offers add-ons along with essential features, Open Money emphasizes on customization.

Is iMAL the same as Open Money?

No, the difference between iMAL and Open Money lies in terms of features and functionalities. While iMAL can be customized as per the user’s needs, Open Money addresses the diverse audience.

Can iMAL replace Open Money?

It depends upon your business requirement. Both iMAL and Open Money provides standard features to cater diverse industry needs.

What is the difference between iMAL and Open Money?

The difference lies in terms of the user interface and functionalities. While iMAL is customizable, iMAL offers comprehensive modules.