Softwr

Accounting & Finance · head to head

FloQast vs Wise Business

FloQast logo

FloQast

Accounting & Finance

Close management software for accounting teams

From
$29/month
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: FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: FloQast covers Close management, Wise Business covers Multi-currency accounts.

Where they differ

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

Attributes where FloQast and Wise Business differ
AttributeFloQastWise Business
Pricing modelsubscriptionusage-based
PlatformsWebWeb, Ios, Android, Api
Founded20132011

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

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 FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • NetSuite
  • Sage
  • Excel

Only in Wise Business

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

Both cover

  • QuickBooks
  • Web support

What people use each for

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

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Wise Business
  • Automating account reconciliation and compliance workflowsnot Wise Business

Wise Business

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

Where each one falls short

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

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

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

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Wise Business

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

Which should you pick?

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast 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 FloQast or Wise Business better?
Neither clearly leads. FloQast 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, FloQast or Wise Business?
FloQast starts at $29/month and Wise Business at $29/month.
Does FloQast or Wise Business run on more platforms?
FloQast runs on Web. Wise Business runs on Web, Ios, Android, Api.
What is FloQast best used for?
FloQast is most often used for managing the accounting close with checklists and reconciliations, automating account reconciliation and compliance workflows. Of those, managing the accounting close with checklists and reconciliations and automating account reconciliation and compliance workflows are not what Wise Business is typically brought in for.
What can FloQast do that Wise Business cannot?
FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle QuickBooks, Web support.
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Related pages

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