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Open Money VS iMAL

Let’s have a side-by-side comparison of Open Money vs iMAL to find out which one is better. This software comparison between Open Money and iMAL is based on genuine user reviews. Compare software prices, features, support, ease of use, and user reviews to make the best choice between these, and decide whether Open Money or iMAL fits your business.

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  • img 1 Ratings & 1 Reviews
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Pricing

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Price Plans

₹ 1500

Monthly transaction(0-10 Lakhs)-Starter

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Price on Request

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Offers

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Available offers & discounts

img Save upto 28%, Get GST Invoice on your business purchase

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Ratings

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Overall ratings

4

1 Ratings & 1 Reviews

90% Likelihood to Recommend

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Pros & Cons

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Pros

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Ease of Integration: Connects seamlessly with various bank accounts and accounti...Read more - Trail Dec 06, 2023

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Cons

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Geographic Limitation: Primarily focused on Indian markets and major Indian bank...Read more - Trail Dec 06, 2023

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Reviews

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Verified customer reviews

Great Platform to manage payouts

Trail Dec 06, 2023

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Best Use for

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Business Size:

  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500​-​1000 Employees
  • img More than 1000+ Employees
  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500​-​1000 Employees
  • img More than 1000+ Employees

Business Type:

  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers
  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers

Industries:

  • imgAll Industries
  • imgBanking

We provide the best software solution for your business needs

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Features

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Product features

  • checked Collect Payments
  • checked Role-Based Access Control
  • checked Accounting Automation
  • checked Expense Management
  • checked Reconciliation
  • checked Dashboards
  • checked Sales
  • checked Banking
  • checked Payroll
  • checked Retail Banking
  • checked Reporting
  • checked Private Banking
  • checked MIS
  • checked Accounting
  • checked Facility Management
  • checked Finance
  • checked View your portfolios
  • checked Risk Management
  • checked Investment Banking
  • checked Multi Branch

Specifications

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Deployment

  • img Web based
  • img On Premises
  • img Web based
  • img On Premises

Device Supported

  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet
  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet

Supported Platforms

  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu
  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu

Languages support

  • imgEnglish
  • imgEnglish

Alternatives

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Top Alternative Products

Oracle Flexcube

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FinMate Gold

FinMate Gold


See all Open Money alternatives img
Oracle Flexcube

Oracle Flexcube


finRize

finRize


Kalansh

Kalansh


FinMate Gold

FinMate Gold


See all iMAL alternatives img

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Similar Comparison

Open Money vs iMAL Comparison FAQs

Software questions,
answered

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

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

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

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

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

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

A Quick Comparison Between Open Money vs iMAL

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

  • Comparison of Open Money vs iMAL In terms of Features
  • Comparison Between Open Money and iMAL In terms of Deployment Type
  • Open Money or iMAL: Which Is Ideal for Your Industry
  • Which Is Better? - Open Money or iMAL

Comparison of Open Money vs iMAL In terms of Features

Open Money includes features like Payment Collect and Pay, Role-based access, Accounting Automation and Expense Management. iMAL is known for functionalities like Retail Banking, Reporting, Private Banking and MIS. When you compare Open Money vs iMAL, 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 Open Money and iMAL In terms of Deployment Type

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

Open Money or iMAL: Which Is Ideal for Your Industry

Open Money is ideal for industries like All Industries. For Banking, iMAL is a better choice. If you are confused between Open Money or iMAL, 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? - Open Money or iMAL

Open Money and iMAL 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 Open Money and iMAL during demo to decide which one is best for your business.

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