iMAL

Banking Software

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Platform

Starting at

₹ 1,500 /Month

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All industries

Banking

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

View all Open Money features

Retail Banking
Reporting
Private Banking
MIS
Accounting

View all iMAL features

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 Open Money and iMAL

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

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.

FAQs

Is Open Money better than iMAL?

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

Are Open Money and iMAL same?

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

Which is better Open Money or iMAL?

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

Is Open Money the same as iMAL?

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.

Can Open Money replace iMAL?

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

What is the difference between Open Money and iMAL?

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