Open vs. Anchor

Open simplifies business finance management with a banking system integrated with automated accounting, payments, invoicing, auto-reconciliation, payroll and expense management. The all-in-one Open business account powers the financial and business banking needs of SMEs, enterprises and freelancers. Open powers business banking services for over 2 Million SMEs in India. It is the fastest growing neo-banking platform adding over 100,000 new SMEs/month and processing over $24 billion in transactions annually.

Anchor is billing and payments automation software for accounting firms, bookkeepers, and professional service businesses. It combines proposals, engagement letters, agreements, automated billing, and payment collection in one platform Helping service businesses get paid on time, every time effortlessly. With no subscription fees. Syncing proposals, agreements, billing, and payments into one seamless workflow. Clients are auto-billed and auto-charged based on dynamic agreements, and everything syncs in real time with your general ledger.