--- description: Learn more about Open pricing, benefits, and disadvantages for your business in Canada. Read verified software reviews and find tools that fit your business needs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress title: Open Pricing, Reviews & Features - Capterra Canada 2026 --- Breadcrumb: [Home](/) > [Online Banking Software](/directory/30589/online-banking/software) > [Open](/software/203374/bankding-software) # Open Canonical: https://www.capterra.ca/software/203374/bankding-software Page: 1 / 2\ Next: [Next page](https://www.capterra.ca/software/203374/bankding-software?page=2) > Open is a connected banking platform for business payments that simplifies the process of sending, receiving, and reconciling payments > > Verdict: Rated **4.7/5** by 27 users. Top-rated for **Likelihood to recommend**. ----- ## Overview ### Who Uses Open? Small and Medium Enterprises, Startups and Freelancers ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.7/5** | 27 Reviews | | Ease of Use | 4.7/5 | Based on overall reviews | | Customer Support Software | 4.7/5 | Based on overall reviews | | Value for Money | 4.9/5 | Based on overall reviews | | Features | 4.5/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: Open Financial Technologies ## Commercial Context - **Starting Price**: US$7.87 - **Pricing model**: Usage Based (Free version available) - **Pricing Details**: Solo - Free Startup - $7.87 monthly or $21.65 quarterly or $78.72 annually Growth - $11.81 monthly or $32.80 quarterly or $118.08 annually - **Target Audience**: 2–10, 51–200, 501–1,000 - **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Windows (On-Premise), Linux (On-Premise), Android (Mobile), iPhone (Mobile), iPad (Mobile) - **Supported Languages**: English - **Available Countries**: India ## Features - Accounting Software - Accounts Payable Software - Accounts Receivable Software - Bank Reconciliation - Cash Management - Compliance Management - Electronic Payments - Employee Database - Financial Management Software - Financial Reporting Software - General Ledger - Payment Processing Software - Payroll Management - Payroll Reporting - Reminders - Self Service Portal - Tax Compliance - Third-Party Integrations - Transaction Monitoring ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base Software - Phone Support - 24/7 (Live rep) ## Category - [Online Banking Software](https://www.capterra.ca/directory/30589/online-banking/software) ## Related Categories - [Online Banking Software](https://www.capterra.ca/directory/30589/online-banking/software) - [Accounts Payable Software](https://www.capterra.ca/directory/30520/accounts-payable/software) - [Payroll Software](https://www.capterra.ca/directory/30202/payroll/software) - [Accounts Receivable Software](https://www.capterra.ca/directory/30521/accounts-receivable/software) - [Accounting Software](https://www.capterra.ca/directory/1/accounting/software) ## Alternatives 1. [Xero](https://www.capterra.ca/software/169561/xero) — 4.4/5 (3273 reviews) 2. [NetSuite](https://www.capterra.ca/software/135757/netsuite) — 4.2/5 (2003 reviews) 3. [QuickBooks Online](https://www.capterra.ca/software/141374/quickbooks-online) — 4.3/5 (8393 reviews) 4. [MYOB Acumatica](https://www.capterra.ca/software/179531/myob-advanced) — 4.1/5 (77 reviews) 5. [QuickBooks Enterprise](https://www.capterra.ca/software/46497/quickbooks-enterprise) — 4.5/5 (20613 reviews) ## Reviews ### "Great platform with amazing functionality\!" — 5.0/5 > **Pranav** | *December 16, 2021* | Food & Beverages | Recommendation rating: 10.0/10 > > **Pros**: Open Money made it extremely easy for us to manage our foreign transactions related to online portals like Shopify, G Suites, etc. The interface is pretty convenient and the ability to create different expense cards based on the expense category really helps in managing and tracking all the marketing expenses. > > **Cons**: The integration process did have some glitches at first but nothing major that cannot be solved with some tweaking. Rest everything was pretty seamless. > > The reason behind working with Open was pretty simple. It provided us with a feature to access our funds in our bank account in ways other than the conventional methods like Bank Transfer, NEFT, or RTGS. ----- ### "Still a lot to do." — 4.0/5 > **Deepak** | *July 29, 2021* | Education Management | Recommendation rating: 7.0/10 > > **Pros**: It is a cloud based platform, so there is no worry about losing the data. (The previous app I used, had a sync issue and had to redo six months of accounts again.) I went for it for two reasons: 1. The annual package was attractive with a business credit card and access to a website building platform. 2. It has many automations related to payments so I do not have to reconcile records manually (in most cases). With a majority of my customers preferring digital payments, multiple modes of payments facilitate timely receipts of payments which are a most for a small business. The data can be imported to Tally which my CA loves the most. You can even allow access solely for accounting purpose. > > **Cons**: 1. They need to design the platform to suit a businessperson's needs (to whom they are trying to sell it). 2. Often on weekends, NEFT mode of payment has issues which get sorted only on Monday mornings. No customer support on weekends. Failed payment reversals take eternity. 3. PAIN to use on a mobile phone. Cannot import contacts. UI on mobile feels like a website adjusting full version to mobile. 4. Customer care often has text book replies. They are improving but are a still a long way from being user friendly. > > It has eased some of the issues that I faced with banking but has a lot of room to improve. ----- ### "Open office app" — 4.0/5 > **Sachin dev** | *November 8, 2022* | Chemicals | Recommendation rating: 6.0/10 > > **Pros**: In open office app more thing good but it's graphics tools very useful > > **Cons**: More thing in software that's I like graphics tool and other things > > My experience in this product very good very useful products ----- ### "Best way to sort our business account reconciliation" — 5.0/5 > **Ashraf** | *February 12, 2021* | Retail | Recommendation rating: 10.0/10 > > **Pros**: I love that it's an all in one software. I can create professional invoices for free and my clients can directly pay with a link via card or netbanking or UPI. So the choice of payment is at the users discretion but for me, all my business payments come in one place and the status of the payment gives me clarity without having to keep checking my bank statement at all times. So big bonus for account reconciliation which for small businesses is a headache\! > > **Cons**: Unable to categorize virtual cards. I have to keep an offline record of which virtual card is for which purpose, like - marketing, food, etc. > > Overall a positive experience. My biggest challenge was not having all my accounts in one place. With Open I don't have to juggle between multiple softwares and above all, for a startup the best part is I get to experience all features free of cost. ----- ### "Best software for open banking for startup" — 4.0/5 > **Rahul** | *July 8, 2021* | Financial Services Software | Recommendation rating: 10.0/10 > > **Pros**: It allows me to make bulk payments and review transactions and balances of all the banks I have accounts in, in one single place. As I manage multiple accounts of my own, Open Banking makes it easy for me to also view their accounts and make transactions from a single page without having to log in and out in ten different places and bother myself with the account details and passwords every time. It also has an extremely convenient system for filing TDS and GST. Some things now I can save my business hours on. They also offer expense cards that can be used with virtual accounts that they provide to reduce the risk factor involved with it. They have connected Tally software with their systems and automated the entries made into the system so I don’t have to enter it every time I make a transaction. The one thing that tops all of this is the Founder Card that they have provided me with which can be used as both credit and debit card. Wherein I could use the money in my account, but I also get a credit limit for my expenses. > > **Cons**: I need one feature where we can use the same account but with multiple users. > > Open Bank has helped me and my business greatly. Earlier I would have to make transactions from individual banks’ websites and bother myself with the slow processing time, transaction restrictions, adding beneficiaries at a slow rate, etc. Open Banking puts all of that in one place and makes the transactions way smoother and more convenient. The UI/UX is great and very appealing. ----- Page: 1 / 2\ Next: [Next page](https://www.capterra.ca/software/203374/bankding-software?page=2) ## Links - [View on Capterra](https://www.capterra.ca/software/203374/bankding-software) ## This page is available in the following languages | Locale | URL | | en | | | en-AE | | | en-AU | | | en-CA | | | en-GB | | | en-IE | | | en-IL | | | en-IN | | | en-NZ | | | en-SG | | | en-ZA | | ----- ## Structured Data