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Software · head to head

Wise Business vs BlackLine

Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite
BlackLine logo

BlackLine

Software

Finance & accounting automation

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP; 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
  • They diverge on capability: Wise Business covers Multi-currency accounts, BlackLine covers Account reconciliation.

Where they differ

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

Attributes where Wise Business and BlackLine differ
AttributeWise BusinessBlackLine
Pricing modelusage-basedsubscription
PlatformsWeb, Ios, Android, ApiWeb
Founded20112001

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 Wise Business

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

Only in BlackLine

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

Both cover

  • Web support

What people use each for

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

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

BlackLine

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

Where each one falls short

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

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

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

Pricing, plan by plan

Wise Business

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

BlackLine

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

Which should you pick?

Choose Wise Business if

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

Choose BlackLine if

  • You need account reconciliation.
  • You also want journal entries.
BlackLine review

Questions people ask

Is Wise Business or BlackLine better?
Neither clearly leads. Wise Business starts at $29/month and BlackLine at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or BlackLine?
Wise Business starts at $29/month and BlackLine at $29/month.
Does Wise Business or BlackLine run on more platforms?
Wise Business runs on Web, Ios, Android, Api. BlackLine runs on Web.
What is Wise Business best used for?
Wise Business is most often used for holding and converting multiple currencies as a business, paying international suppliers and contractors at the mid market rate, receiving payments into local currency account details in several countries. Of those, holding and converting multiple currencies as a business and paying international suppliers and contractors at the mid market rate are not what BlackLine is typically brought in for.
What can Wise Business do that BlackLine cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. BlackLine covers Account reconciliation, Journal entries, Task management, Variance analysis. Both handle Web support.
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Related pages

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