---
description: Learn more about FinSys price, benefits, and disadvantages for businesses in Australia. Read reviews from verified users and discover similar 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: FinSys Cost & Reviews - Capterra Australia 2026
---

Breadcrumb: [Home](/) > [Banking Software](/directory/20008/banking-systems/software) > [FinSys](/software/207074/finsys)

# FinSys

Canonical: https://www.capterra.com.au/software/207074/finsys

> FinSys is geared towards providing system capabilities to deliver financial services to the mass market at the barest minimum cost.
> 
> Verdict: Rated **4.5/5** by 2 users. Top-rated for **Likelihood to recommend**.

-----

## Overview

### Who Uses FinSys?

Financial Institutions
MicroFinance Institutions
Banks
SACCOS

## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.5/5** | 2 Reviews |
| Ease of Use | 5.0/5 | Based on overall reviews |
| Customer Support | 4.5/5 | Based on overall reviews |
| Value for Money | 5.0/5 | Based on overall reviews |
| Features | 4.5/5 | Based on overall reviews |
| Recommendation percentage | 100% | (10/10 Likelihood to recommend) |

## About the vendor

- **Company**: OpenFactor Technologies
- **Location**: Johannesburg, South Africa
- **Founded**: 2012

## Commercial Context

- **Starting Price**: USD 15,000.00
- **Pricing model**: Per User
- **Pricing Details**: The license is $3 per annum per customer account @ minimum of 5000 accounts
- **Target Audience**: 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile)
- **Available Countries**: South Africa

## Features

- ATM Management
- Compliance Tracking
- Multi-Branch
- Online Banking
- Portfolio Management
- Transaction Monitoring

## Support Options

- 24/7 (Live rep)

## Category

- [Banking Software](https://www.capterra.com.au/directory/20008/banking-systems/software)

## Related Categories

- [Banking Software](https://www.capterra.com.au/directory/20008/banking-systems/software)
- [Mobile Banking Software](https://www.capterra.com.au/directory/10063/mobile-banking/software)

## Alternatives

1. [Temenos](https://www.capterra.com.au/software/111334/temenos-t24) — 4.4/5 (69 reviews)
2. [Crowded](https://www.capterra.com.au/software/1032756/crowdedme) — 4.2/5 (32 reviews)
3. [Qonto](https://www.capterra.com.au/software/173384/qonto) — 4.5/5 (240 reviews)
4. [SBS Core Banking](https://www.capterra.com.au/software/1063973/sbp-core-banking) — 3.8/5 (6 reviews)
5. [Finacle](https://www.capterra.com.au/software/59348/finacle) — 4.5/5 (25 reviews)

## Reviews

### "Africawide Fintech partners with OpenFactor" — 4.0/5

> **Martin** | *17 July 2020* | Financial Services | Recommendation rating: 9.0/10
> 
> **Pros**: Openfactor expertly reconfigured the entire front end to resemble an inhouse system of ours, virtually eliminating the re-training need for our employees. Their commercial flexibility to give us a variable cost based opex model impressed.
> 
> **Cons**: While our version is close to being a one-stop system, it still needs to interface with our banking partner and our accounting packages. I'd have loved to have everything included.

-----

### "Quick and easy system" — 5.0/5

> **Melody** | *17 July 2020* | Financial Services | Recommendation rating: 10.0/10
> 
> **Pros**: 1.It is personalised to our requirements
2. Comprehensive reporting and Analytics
3. Ease of delegation
4. Set pre-defined rules
> 
> **Cons**: 1. Automate Debt Recovery and collections
2.
> 
> 1\. Smart intelligence automation
2. We are able to upload scanned documents to an application

## Links

- [View on Capterra](https://www.capterra.com.au/software/207074/finsys)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.capterra.com/p/207074/FINSYS/> |
| en-AE | <https://www.capterra.ae/software/207074/finsys> |
| en-AU | <https://www.capterra.com.au/software/207074/finsys> |
| en-CA | <https://www.capterra.ca/software/207074/finsys> |
| en-GB | <https://www.capterra.co.uk/software/207074/finsys> |
| en-IE | <https://www.capterra.ie/software/207074/finsys> |
| en-IL | <https://www.capterra.co.il/software/207074/finsys> |
| en-IN | <https://www.capterra.in/software/207074/finsys> |
| en-NZ | <https://www.capterra.co.nz/software/207074/finsys> |
| en-SG | <https://www.capterra.com.sg/software/207074/finsys> |
| en-ZA | <https://www.capterra.co.za/software/207074/finsys> |

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