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Software · head to head

BlackLine vs Wise Business

BlackLine logo

BlackLine

Software

Finance & accounting automation

From
$29/month
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: BlackLine listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: BlackLine covers Account reconciliation, Wise Business covers Multi-currency accounts.

Where they differ

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

Attributes where BlackLine and Wise Business differ
AttributeBlackLineWise Business
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android, Api
Founded20012011

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Unknown).

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 BlackLine

  • Account reconciliation
  • Journal entries
  • Task management
  • Variance analysis
  • Financial close
  • SAP
  • Oracle
  • NetSuite

Only in Wise Business

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

Both cover

  • Web support

What people use each for

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

BlackLine

  • Financial closenot Wise Business
  • Reconciliationnot Wise Business
  • Continuous accountingnot Wise Business

Wise Business

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

Where each one falls short

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

BlackLine

  • Listed on UK G-Cloud 13 at £1,150 to £2,160 per user per year for the public sector, with no free trial offered, per BlackLine's Finance Operations Management Solution pricing document

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

BlackLine

$29/month
  • EnterpriseFree
    • Custom pricing
    • Account reconciliation
    • Task management

Wise Business

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

Which should you pick?

Choose BlackLine if

  • You need account reconciliation.
  • You also want journal entries.
BlackLine 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 BlackLine or Wise Business better?
Neither clearly leads. BlackLine starts at $29/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, BlackLine or Wise Business?
BlackLine starts at $29/month and Wise Business at $29/month.
Does BlackLine or Wise Business run on more platforms?
BlackLine runs on Web. Wise Business runs on Web, Ios, Android, Api.
What is BlackLine best used for?
BlackLine is most often used for financial close, reconciliation, continuous accounting. Of those, financial close and reconciliation are not what Wise Business is typically brought in for.
What can BlackLine do that Wise Business cannot?
BlackLine covers Account reconciliation, Journal entries, Task management, Variance analysis. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle Web support.
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Related pages

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