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Software · head to head

Wise Business vs Workato

Wise Business logo

Wise Business

Software

The smart way to send and receive business payments

From
$29/month
Rated
-
Workato logo

Workato

Software

The enterprise integration platform

From
$99/month
Rated
-

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; Workato the pricing page names four product lines, Enterprise iPaaS, Agentic solutions, API Management and Data Orchestration, and publishes no figure for any of them, gating all of it behind Schedule a demo
  • They diverge on capability: Wise Business covers Multi-currency accounts, Workato covers Process orchestration.

Where they differ

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

Attributes where Wise Business and Workato differ
AttributeWise BusinessWorkato
Starting price$29/month$99/month
Pricing modelusage-basedsubscription
PlatformsWeb, Ios, Android, ApiWeb, On-premise
Founded20112014

Identical on both: 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 Workato

  • Process orchestration
  • Master data management
  • Integration templates
  • Real-time sync
  • Error handling
  • Monitoring
  • API management
  • Workflow analytics

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 Workato
  • Paying international suppliers and contractors at the mid market ratenot Workato
  • Receiving payments into local currency account details in several countriesnot Workato

Workato

  • Workflow Automationnot Wise Business
  • Data Integrationnot Wise Business
  • Process Automationnot Wise Business
  • App Integrationnot Wise Business
  • API Connectivitynot 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

Workato

  • The pricing page names four product lines, Enterprise iPaaS, Agentic solutions, API Management and Data Orchestration, and publishes no figure for any of them, gating all of it behind Schedule a demo

Pricing, plan by plan

Wise Business

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

Workato

$99/month
  • Starter$99/month
    • Up to 50 recipes
    • Basic integrations
    • Email support
  • Professional$299/month
    • Unlimited recipes
    • Premium integrations
    • Priority support
  • Enterprise$999/month
    • Custom SLA
    • Dedicated support
    • Advanced security

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.

Choose Workato if

  • You need process orchestration.
  • You work on Web, On-premise.
  • You also want master data management.

Questions people ask

Is Wise Business or Workato better?
Neither clearly leads. Wise Business starts at $29/month and Workato at $99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wise Business or Workato?
Wise Business starts at $29/month and Workato at $99/month.
Does Wise Business or Workato run on more platforms?
Wise Business runs on Web, Ios, Android, Api. Workato runs on Web, On-premise.
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 Workato is typically brought in for.
What can Wise Business do that Workato cannot?
Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Workato covers Process orchestration, Master data management, Integration templates, Real-time sync.
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