Automate B2B Payments on OPEN with Bharat Connect for Business

Automate B2B Payments

with Bharat Connect for

Business on OPEN

Generate your unique B2B ID
Create & receive invoices
Pay & get paid using linked bank accounts
Automatically reconcile all transactions

Join Waitlist

Unlock a faster & efficient way to validate accounts

Instant Verification

Validate user bank accounts instantly with our super fast verification APIs

Go live quickly

Easy integration that gets done in less than a week

Save on Cost

Cut down on costs by not having to maintain a separate account to do penny drop

Accurate and Reliable

Enjoy a reliable performance with 99.8% success rate & coverage across leading banks

How Penniless Verification APIs are empowering leading industries

Helps verify vendor and payee account details to ensure payouts are done accurately to prevent frauds across various sectors.

Verify bank details before loan disbursals to avoid transfer reversals

Lending

Insurance

Authenticate users & nominees during onboarding or when disbursing insurance

Fintech Companies

Verify user details in real-time to seamless onboarding

Recruitment Firms

Validate account details and match employee names to minimize transfer risks

Marketplace

Verify users’ & vendors’ accounts to ensure accurate fund transfers

Ready to simplify your B2B payments

with OPEN?

Join Waitlist

Join the revolution today!

Automate B2B Payments
with Bharat Connect for Business on OPEN

Generate your unique B2B ID
Create & receive invoices
Pay & get paid using linked bank accounts
Automatically reconcile all transactions

Join Waitlist

Trusted by

OPEN offers a range of benefits for businesses of all sizes

Bulk Payouts

Pay multiple vendors with a single click

e-Invoicing

Generate e-invoices and receive IRNs instantly

Cashflow Insights

Gain detailed visual insights into your cashflow

GST Auto-Reconciliation

Automatically reconcile GST returns & eliminate mistakes

OPEN offers a range of benefits for businesses of all sizes

Pay multiple vendors with a single click

Bulk Payouts

e-Invoicing

Generate e-invoices and receive IRNs instantly

Cashflow Insights

Gain detailed visual insights into your cashflow

GST Auto-Reconciliation

Automatically reconcile GST returns & eliminate mistakes

Why Bharat BillPay for Business is a Game-Changer

Seamless Invoicing

Generate invoices on OPEN, and let your clients access and pay instantly from their accounting software/ ERP tool.

Easy Vendor Payouts

Fetch bills & pay using any of your linked bank accounts, corporate cards or payment gateway.

Real-Time Tracking

Track the real-time status of all your incoming & outgoing payments — no more manual follow-ups.

Instant Reconciliation

Invoices & bills get instantly reconciled for both payee & beneficiary. Keep your books always balanced.

Open Financial Technologies,

Tower 2, 3rd floor, RGA Tech Park, 

Sarjapur Road, Bengaluru,

Karnataka - 560035

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Let's talk

Connect with our experts.

letstalk@open.money

Open Financial Technologies,
Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road,
Bengaluru, Karnataka - 560035

Let's talk

letstalk@open.money

Open Financial Technologies,

Tower 2, 3rd floor, RGA Tech Park, 

Sarjapur Road, Bengaluru,

Karnataka - 560035

Let's talk

Connect with our experts

letstalk@open.money

Open Financial Technologies,
Tower 2, 3rd floor, RGA Tech Park, Sarjapur Road,
Bengaluru, Karnataka - 560035

© 2024 Open Financial Technologies Private Limited

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Works with all leading banks, accounting & HRMS platforms

OPEN integrates seamlessly with the Bharat Connect for Business ecosystem, enabling full interoperability across all leading ERPs.

Works with all leading banks, accounting & HRMS platforms

OPEN integrates seamlessly with the Bharat Connect for Business ecosystem, enabling full interoperability across all leading ERPs.

Your invoicing and payment data are securely shared with vendors and customers, even if they use a different set of platforms. All in real-time!

Why Bharat Connect for Business is a Game-Changer

Seamless Invoicing

Generate invoices on OPEN, and let your clients access and pay instantly from their accounting software/ERP tool.

Easy Vendor Payouts

Fetch bills & pay using any of your linked bank accounts, corporate cards or payment gateway.

Instant Reconciliation

Invoices and bills are instantly reconciled for both parties, ensuring your books are always balanced

Real-Time Tracking

Track the real-time status of all your incoming & outgoing payments — no more manual follow-ups.

How B2B payments currently work

Seller creates an invoice in their accounting software

Seller shares the invoice with the buyer

Buyer manually enters the invoice details in their accounting software

Buyer makes the payment from a separate platform

Buyer shares UTR number with the seller

Seller manually reconciles the payment with invoice using the same UTR number

Seller updates invoice status in their accounting software

How Bharat Connect for Business works with OPEN

Both the seller & the buyer generate their B2B IDs

Seller creates an invoice on their existing accounting software or ERP

Buyer can instantly access it on their own accounting software or ERP

Buyer can either accept, reject, or return the invoice

Buyer can pay the accepted invoice with OPEN via multiple payment methods

Payment is reconciled instantly for both seller and buyer

Why Bharat Connect for Business is a Game-Changer

Seamless Invoicing

Generate invoices on OPEN, and let your clients access and pay instantly from their accounting software/ ERP tool.

Easy Vendor Payouts

Fetch bills & pay using any of your linked bank accounts, corporate cards or payment gateway.

Real-Time Tracking

Track the real-time status of all your incoming & outgoing payments — no more manual follow-ups.

Instant Reconciliation

Invoices and bills are instantly reconciled for both parties, ensuring your books are always balanced

Your invoicing and payment data are securely shared with vendors and customers, even if they use a different set of platforms. All in real-time!

Join Waitlist

How B2B payments currently work

Seller creates an invoice in their accounting software
Seller shares the invoice with the buyer
Buyer manually enters the invoice details in their accounting software
Buyer makes the payment from a separate platform
Buyer shares UTR number with the seller
Seller manually reconciles the payment with invoice using the same UTR number
Seller updates invoice status in their accounting software

Both the seller & the buyer generate their B2B IDs
Seller creates an invoice on their existing accounting software or ERP
Buyer can instantly access it on their own accounting software or ERP
Buyer can either accept, reject, or return the invoice
Buyer can pay the accepted invoice with OPEN via multiple payment methods
Payment is reconciled instantly for both seller and buyer

How Bharat Connect for Business works with OPEN

Ready to simplify your B2B payments with OPEN?

Join the revolution today!

Join Waitlist

Trusted by

What is Bharat Connect for Business, and how does it work on the OPEN Money platform? ▼

Bharat Connect for Business is a payment platform developed by NPCI Bharat BillPay Limited (NBBL) and integrated into the OPEN Money platform. It simplifies B2B payments by connecting your ERPs such as your accounting software, banking platforms & HRMS — within an interoperable network, allowing seamless invoicing, payment processing, and real-time reconciliation.

Can I use my existing ERP or accounting software with Bharat Connect for Business on OPEN Money? ▼

Yes. Bharat Connect for Business on OPEN Money is designed to seamlessly integrate with your existing ERP or accounting software. This integration allows you to create and send invoices, receive payments, and track transactions all within your current ERP systems.

What types of payments can be made through Bharat Connect for Business on OPEN Money? ▼

Bharat Connect for Business on OPEN Money supports various payment methods, including bank transfers, corporate cards, and payment gateways. This flexibility ensures that you can manage payments in the way that best suits your business needs.

How does Bharat Connect for Business improve the accuracy of my financial operations? ▼

By automating the entire invoicing, payment & reconciliation process, Bharat Connect for Business minimises delays in payments & the risk of manual errors.

Is Bharat Connect for Business suitable for businesses of all sizes? ▼

Yes, Bharat Connect for Business is scalable and can be used by businesses of any size, from small startups to large enterprises.

What security measures are in place for transactions made through Bharat Connect for Business on OPEN Money? ▼

Bharat Connect for Business on OPEN Money adheres to industry-leading security standards to protect your transactions. The platform ensures that all payments are secure, compliant with regulations, and processed through a highly secure network.

How quickly are payments processed and reflected in my accounts with Bharat Connect for Business? ▼

Payments made through Bharat Connect for Business are processed in real-time. This means that transactions are immediately reflected in both your accounts and those of your clients, allowing for instant reconciliation and better cash flow management.

How do I get support for Bharat Connect for Business on OPEN Money? ▼

OPEN Money offers 24/7 customer support to assist you with any questions or issues you may encounter during integration. Please feel free to reach out to letstalk@open.money.

Frequently Asked Questions