Softwr

All industries · head to head

BambooHR vs Wise Business

BambooHR logo

BambooHR

All industries

HR software with heart

From
$10/month per employee
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting & Finance

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: BambooHR organisations of 25 or fewer employees pay a flat rate starting at $250 a month, so a very small team pays far more per head than the listed per-employee price; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: BambooHR covers Employee database, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which BambooHR and Wise Business actually diverge.

Attributes where BambooHR and Wise Business differ
AttributeBambooHRWise Business
Starting price$10/month per employee$29/month
Pricing modelsubscriptionusage-based
CategoryAll industriesAccounting & Finance
Founded20082011

Identical on both: free tier (No), platforms (Web, Ios, Android, Api), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in BambooHR

  • Employee database
  • Time-off management
  • Benefits tracking
  • Performance reviews
  • Onboarding
  • Reporting & analytics
  • Mobile access
  • Document management

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • Various
  • FCA regulated

Both cover

  • QuickBooks

What people use each for

The jobs each tool is most often brought in to do.

BambooHR

  • HR system of record with employee data and documentsnot Wise Business
  • Time off tracking and approvalsnot Wise Business
  • Applicant tracking and onboardingnot Wise Business
  • Performance reviews and 1:1s on the Pro tiernot Wise Business
  • Compensation planning and benchmarking on Elitenot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot BambooHR
  • Paying international suppliers and contractors at the mid market ratenot BambooHR
  • Receiving payments into local currency account details in several countriesnot BambooHR

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

BambooHR

  • Organisations of 25 or fewer employees pay a flat rate starting at $250 a month, so a very small team pays far more per head than the listed per-employee price
  • Per-employee pricing starts at 26 employees, from $10 on Core
  • Performance management, 360 reviews and recognition all require Pro at $17 per employee per month
  • Compensation management, salary benchmarking and advanced analytics are Elite only at $25 per employee per month
  • Compliance training is rationed by tier, at 1 course on Core against 300 on Elite

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

BambooHR

$10/month per employee

No published plan breakdown. See the BambooHR review.

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose BambooHR if

  • You need employee database.
  • You work on Web, Ios, Android, Api.
  • You also want time-off management.
BambooHR review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is BambooHR or Wise Business better?
Neither clearly leads. BambooHR starts at $10/month per employee and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, BambooHR or Wise Business?
BambooHR starts at $10/month per employee and Wise Business at $29/month.
Does BambooHR or Wise Business run on more platforms?
Both run on Web, Ios, Android, Api, so platform support will not decide this one for you.
What is BambooHR best used for?
BambooHR is most often used for hr system of record with employee data and documents, time off tracking and approvals, applicant tracking and onboarding, performance reviews and 1:1s on the pro tier. Of those, hr system of record with employee data and documents and time off tracking and approvals are not what Wise Business is typically brought in for.
What can BambooHR do that Wise Business cannot?
BambooHR covers Employee database, Time-off management, Benefits tracking, Performance reviews. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on BambooHR

More on Wise Business

Keep looking

Other head to heads