Unsure what you’re paying in bank fees?
It’s time to bank on intelligence.
Banks are complex, strategic relationships, and bank fees are about as clear as mud. That’s why we launched Open Fees—the platform that helps treasurers turn complex banking and payment vendor data into opportunities for increased efficiencies and much stronger relationships.
Level up with a single source of treasury truth.
Open Fees is the end-to-end relationship management platform for tracking bank and payment relationships fees, accounts, loans, contacts, signers, compliance, and more. There’s no spreadsheets and no guesswork—just a single streamlined platform that turns deeply technical financial data into clear-as-day insights and savings.
The Open Fees platform centralizes every aspect of your bank and payment vendor relationships into one integrated platform. Be better prepared than ever to optimize costs, without eroding trust in your long-term partnerships. And achieve all that for one price.
Bank Fees
Manage and improve fee structures.
Bank Fee App
Identify, control, and reduce bank fees
The Bank Fee App seamlessly reviews your monthly bank account analysis files to identify all disparities between negotiated rates and actual charges, uncover hidden costs, and spot unsolicited services. The app automates your monitoring and reporting, “slices and dices” your bank fees data, and detects any discrepancies or anomalies.
Use the Bank Fee App to transform complex expenses into measurable savings and optimize your banking practices—ultimately boosting your company’s bottom line and ensuring you never overpay again.
Balance Optimization
Leverage your balances and optimize your ECR.
Balance App
Transform idle cash into a strategic asset
The Balance App meticulously tracks your balances and compares Earnings Credit Rates (ECR) against real-time market benchmarks such as Fed Funds, Treasury bills, and Money Market Funds. It also provides advanced yield optimization by calculating your “break-even” balance—the precise amount needed to offset bank fees via ECR.
By identifying excess liquidity that earns sub-market returns, the Balance App helps you decide when to cover fees and when to sweep funds into higher-yield investments. Stop leaving money on the table and ensure every dollar achieves its maximum financial potential.
Documents
Centralize your bank and payment documents and information.
Document App
Centralize every aspect of your banking relationships
The Document App is your single, paperless platform for all your banking documents. From monthly account statement analysis files to complex credit facilities, ISDA agreements, and trade confirmations, the app provides a secure hub where you can store, retrieve, and identify key documents instantly.
Eliminate fragmented reporting with the app’s automatic digitalization and dispatch, making finding your negotiated terms easier than ever before. Gain total visibility over your banking data and ensure your most important agreements are always at your fingertips.
Contacts
Adopt a CRM for all your bank and payment vendors.
Contacts App
Organize, access, and track all your banking contacts
As your business grows, managing a global network of banks and payment providers can become overwhelming. With a constant influx of new relationship managers, product specialists, and treasury officers across various countries—and high staff turnover within banks—keeping track of key stakeholders is a challenge.
The Contact Management App is your centralized hub for accessing your contacts, organizing them, and tracking every interaction. By better understanding your banking and payment provider relationships, you can gain the clarity needed to align strategically with your best partners and drive more effective negotiations.
Payment Fees
Manage and improve your processing costs.
Dashboard and Visualization
Understand your wallet-share analysis.
Bank Account Management
Keep your house in order.
Debt Management
Monitor all loans, LC’s and debt in one view.
Transaction Reconciliation
Verify reconciliations and dispute errors.
Connectivity
Sync directly with your vendor ecosystems
Risk Profile
Understand your organization’s risk profile
FX Management
Understand your foreign exchange costs with ease.
Bring transparency to your most complex relationships.
Managing your banking and payment vendor dynamics shouldn’t be so complicated. With Open Fees, it becomes refreshingly simple. From global banks and PSPs to acquirers, our platform centralizes all critical data into one unified, transparent source of truth. Because when you replace manual guesswork with intelligent automation, you have the power to control both costs and efficiency.
Save Time
Automate the manual grind of treasury data collection and relationship tracking.
Save Money
Uncover hidden inefficiencies and stop overpaying for bank and payment fees.
Invest in Relationships
Use data-driven insights to optimize your partnerships with banks and payment vendors.
Account for every cent. Invest in every relationship.
Take control with Open Fees.
What gets measured gets managed
Turn raw PDFs, transaction logs, pricing schedules, and contracts into actionable insights that optimize every bank and payment vendor relationship.
Connect directly to your vendor platforms or upload raw files: PDFs, transaction logs, pricing schedules, contracts, and more. Then, let Open Fees create one unified source of truth while you focus on what you do best.
Our AI/ML engine transforms deeply technical data into the clear intelligence you need to spot hidden inefficiencies. Use your customized dashboard to understand exactly what you’re paying and why. Leverage benchmarking to compare your banking relationships against industry peers.
Open Fees’ intelligent, automated alerts empower you to act on insights and strengthen your relationships instantly. That includes Discrepancy Protection, which helps you spot and correct invoice anomalies fast to ensure you always stay in full control.
Simple. Scalable. Built for treasurers like you.
Open Fees is powered by decades of treasury expertise, unparalleled intelligent automation, and a leadership team dedicated to helping fellow practitioners take control of their banking and payment relationships.
Our team leverages decades of experience in bank and payment relationships to provide insights to organizations of all sizes.
Derive insights from an ML/AI engine capable of processing all file types, including TWIST, EDI, Camt86, CSV and PDFs.
Compliant with the most stringent treasury and finance regulations for total data security (and total peace of mind).
Access transparent, instant comparisons across banks and services to see exactly where you stand.
Leverage the only full-spectrum solution built to serve—and grow with—organizations of all sizes.
Join a network of treasury and payment practitioners who share, learn, and benefit from collective industry knowledge.
Built by experts
Powerful technology
Simply secure
Benchmark ready
Affordable and scalable
A thriving community
Our team leverages decades of experience in bank and payment relationships to provide insights to organizations of all sizes.
Derive insights from an ML/AI engine capable of processing all file types, including TWIST, EDI, Camt86, CSV and PDFs.
Compliant with the most stringent treasury and finance regulations for total data security (and total peace of mind).
Access transparent, instant comparisons across banks and services to see exactly where you stand.
Leverage the only full-spectrum solution built to serve—and grow with—organizations of all sizes.
Join a network of treasury and payment practitioners who share, learn, and benefit from collective industry knowledge.
Go from clear as mud to clear as day.
Are you tired of wondering what you’re paying and why? With Open Fees, you get a single source of treasury truth—the kind that puts you in control of every banking cost and relationship. Request an invite to our Early Adopter program to start banking on intelligence today.