Softwr

Accounting · head to head

Netvisor vs Wise Business

Netvisor logo

Netvisor

Accounting

Finnish intelligent financial management and payroll software

From
Free
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only Netvisor has a free tier, so it costs nothing to try first.
  • Each has a real cost: Netvisor payroll and travel expenses incur additional per-employee costs of 6.50 to 2.30 euros; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP

Where they differ

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

Attributes where Netvisor and Wise Business differ
AttributeNetvisorWise Business
Starting priceFree$29/month
Pricing modelsubscriptionusage-based
Free tierYesNo
PlatformsWebWeb, Ios, Android, Api
FoundedUnknown2011

Identical on both: user rating (Not yet rated), category (Accounting).

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 Netvisor

Nothing recorded that Wise Business does not also cover.

Only in Wise Business

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

What people use each for

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

Netvisor

  • Automating bank feed reconciliation for multiple business accountsnot Wise Business
  • Generating sales tax reports from invoicing transactionsnot Wise Business
  • Creating monthly P&L reports with budget variance analysisnot Wise Business
  • Managing inventory counts with real-time stock level updatesnot Wise Business

Wise Business

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

Where each one falls short

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

Netvisor

  • Payroll and travel expenses incur additional per-employee costs of 6.50 to 2.30 euros
  • Inventory management costs 70 euros per month minimum

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

Netvisor

Free
  • Starter$25/month
    • Basic accounting, 1000 transactions, invoicing, payroll for 1 person
  • Basic$25/month
    • Basic accounting plus invoicing, 2.06 euros per invoice item, unlimited users, email support
  • Core$25/month
    • All Basic features, invoices included in monthly cost
  • Professional$25/month
    • All Core features, broadest software interface, budgeting, reporting, forecasting, purchase and sales orders

Wise Business

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

Which should you pick?

Choose Netvisor if

  • You want to start without paying.
Netvisor 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 Netvisor or Wise Business better?
Neither clearly leads. Netvisor starts at Free and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Netvisor or Wise Business?
Netvisor has a free tier; the other does not. Paid plans start at Free for Netvisor and $29/month for Wise Business.
Does Netvisor or Wise Business run on more platforms?
Netvisor runs on Web. Wise Business runs on Web, Ios, Android, Api.
Can I use Netvisor for free?
Yes. Netvisor has a free tier, so you can try it without paying. Wise Business starts at $29/month.
What is Netvisor best used for?
Netvisor is most often used for automating bank feed reconciliation for multiple business accounts, generating sales tax reports from invoicing transactions, creating monthly p&l reports with budget variance analysis, managing inventory counts with real-time stock level updates. Of those, automating bank feed reconciliation for multiple business accounts and generating sales tax reports from invoicing transactions are not what Wise Business is typically brought in for.
What can Netvisor do that Wise Business cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.

Answered from the vendors’ own pages

Netvisor: Does Netvisor offer a free trial?

Netvisor offers a free first month, after which the account requires payment. The trial is cancellable anytime during the trial period.

Source
Wise Business: How fast are international transfers with Wise Business?

Wise Business offers fast global payments with 70% arriving in 20 seconds and 95% arriving in under 24 hours. You can also pay up to 1,000 contacts in a single batch transfer.

Source
Netvisor: How much does Netvisor cost?

Netvisor's base plans start at 25 euros per month for Starter, Basic, Core, or Professional tiers. The first month is free.

Source
Wise Business: Does Wise Business offer volume discounts?

Yes, volume discounts are available on monthly transfers over 20,000 GBP or equivalent.

Source
Wise Business: How does Wise Business keep funds secure?

Wise customers move over AED60 billion monthly with systems built to keep funds safe. The company runs over 7 million daily fraud checks (80 per second), keeps funds diversified with secure financial institutions, and offers 24/7 customer support.

Source
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