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SAP ERP VS Wise

Compare SAP ERP VS Wise and see what are their differences

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SAP ERP logo SAP ERP

SAP ERP is enterprise resource planning software developed by the German company SAP SE.

Wise logo Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...
  • SAP ERP
    Image date //
    2025-02-06
  • Wise Landing page
    Landing page //
    2023-09-02

SAP ERP features and specs

  • Comprehensive Functionality
    SAP ERP offers a vast range of functionalities covering all essential business processes, including finance, sales, procurement, production, and HR, making it a one-stop solution for various business needs.
  • Scalability
    SAP ERP is highly scalable, suitable for both small businesses and large enterprises. As a company grows, the system can be expanded to accommodate increased workloads and new business processes.
  • Integration Capabilities
    SAP ERP seamlessly integrates with other SAP modules and third-party applications, ensuring smooth data flow across different departments and functions.
  • Industry Best Practices
    The platform incorporates industry best practices and standards, helping companies to optimize their operations and improve efficiency.
  • Advanced Analytics
    SAP ERP includes advanced analytics and reporting tools that provide valuable insights into business operations, facilitating informed decision-making.
  • Global Compliance
    The system supports various international compliance and regulatory standards, making it easier for global companies to maintain compliance across different regions.

Possible disadvantages of SAP ERP

  • High Cost
    Implementing SAP ERP can be expensive due to high licensing, implementation, and maintenance costs, making it less affordable for smaller organizations.
  • Complexity
    The extensive features and customization options can make SAP ERP complex to understand and use, requiring significant training and expertise.
  • Lengthy Implementation
    The implementation process can be lengthy and resource-intensive, often requiring extended periods to fully deploy and integrate into existing business processes.
  • Need for Specialized Skills
    Operating and maintaining SAP ERP demands specialized skills and knowledge, necessitating ongoing training or the hiring of experienced personnel.
  • Customization Challenges
    While SAP ERP is highly customizable, excessive customization can lead to issues with future updates and maintenance, potentially resulting in higher costs and complexities.
  • Flexibility
    Despite its robust feature set, some users find SAP ERP less flexible compared to other ERP solutions that might offer more adaptability to unique business needs without extensive customization.

Wise features and specs

  • Low Fees
    Wise offers competitive and transparent fees compared to traditional banks and many other money transfer services.
  • Real Exchange Rates
    Wise uses the mid-market exchange rate, meaning users get the real exchange rate without any hidden markups.
  • Fast Transfers
    Many transfers through Wise are processed quickly, often within a few hours or a day, depending on the destination country and payment method.
  • Multi-Currency Accounts
    Users can hold and manage money in multiple currencies with Wise's Borderless Account, making it easier for those who deal with international payments regularly.
  • Transparent Pricing
    Wise is upfront about their fees and the total cost of a transfer, so users know exactly how much they'll pay and how much the recipient will receive.
  • User-Friendly Interface
    Wise offers a clean and intuitive application and web interface, making it easy for users to navigate and complete transactions.

Possible disadvantages of Wise

  • Limited Customer Support
    Wise's customer support is primarily online, and some users report difficulties in reaching live assistance or having slow response times.
  • Transfer Limits
    There are limits on how much money can be transferred in a single transaction or over a period of time, which might be restrictive for some users.
  • Lack of Physical Locations
    Unlike traditional banks, Wise doesn't have physical branches, which can be an inconvenience for those who prefer in-person banking services.
  • Verification Process
    New users or those making large transfers may have to go through a lengthy verification process, which can delay the initial transaction.
  • Not Available in All Countries
    Wise does not operate in every country, limiting its accessibility for some users looking to send or receive international payments.
  • Occasional Delays
    While generally fast, some transfers may experience delays due to various factors, such as banking hours, holiday schedules, or compliance checks.

Analysis of SAP ERP

Overall verdict

  • SAP ERP is generally considered a good choice for large and midsize organizations seeking to streamline their operations and make data-driven decisions. While it may require a significant upfront investment and time to implement, the potential benefits in terms of functionality and scalability can justify these efforts.

Why this product is good

  • SAP ERP is widely regarded as a robust and flexible enterprise resource planning software. It provides comprehensive solutions for managing business processes across various industries and departments, including finance, supply chain, human resources, and customer relations. Its modular architecture allows businesses to implement only those functions that meet their specific needs, which helps optimize operations and improve overall efficiency.

Recommended for

    SAP ERP is best suited for large enterprises and complex multinational corporations seeking a comprehensive ERP solution. It's particularly recommended for companies in industries like manufacturing, retail, utilities, and logistics, where integration of diverse and complex processes is crucial. Additionally, organizations with the resources for SAP-centric IT staff or partnerships may find it more appropriate due to the complexity and customization capabilities of the system.

Analysis of Wise

Overall verdict

  • Overall, Wise is highly regarded as one of the top options for international money transfers. It is praised for its transparency, cost-effectiveness, and ease of use, making it a preferred choice for many users.

Why this product is good

  • Wise is considered a reliable and efficient service for international money transfers due to its transparent fee structure and competitive exchange rates. The platform uses a mid-market exchange rate with no hidden fees, making it a popular choice for individuals and businesses looking to transfer money across borders. Additionally, Wise is known for its user-friendly interface and fast transfer speeds.

Recommended for

  • Individuals needing to send money abroad frequently.
  • Expats living in foreign countries who need to transfer money to home accounts.
  • Freelancers and remote workers receiving payments from international clients.
  • Businesses conducting international transactions.

SAP ERP videos

+ Add

🌟 SAP ERP Review | A Powerful Solution for Streamlining Business Operations

More videos:

  • Review - Independent Review of SAP S/4HANA | Unbiased Overview of SAP ERP

Wise videos

+ Add

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Category Popularity

0-100% (relative to SAP ERP and Wise)

SAP ERP

Wise

ERP
100 100%
ERP
0% 0
Online Payments
0 0%
Online Payments
100% 100
CRM
100 100%
CRM
0% 0
Money Transfer
0 0%
Money Transfer
100% 100

User comments

Share your experience with using SAP ERP and Wise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare SAP ERP and Wise

SAP ERP Reviews

17 Best ERP Software To Monitor Business Vitals In 2024
Features that make SAP ERP stand out from the competition include reliable multi-currency and multi-language capabilities, real-time access to overseas financial and operational data, and advanced supply chain management tools that ensure timely and efficient delivery of goods, crucial for highly regulated industries.
Source: thecfoclub.com
Best ERP Software 2022: Top Rated ERP Systems Comparison
SAP ERP is another product from SAP for large-sized organizations. It is one of the most widely used ERPs, which is being implemented across industries, across countries, across languages, and currencies. It also comes with a mobile interface to access anytime, anywhere. Apart from these, it also offers seamless migration to SAP S/4HANA.
Source: www.softwaretestinghelp.com
10 Best ERP Software Of 2021 (+ Free ERP Options)
In 1972, five former IBM employees founded the company they call SAP Systemanalyse und Programmentwicklung (“System Analysis and Program Development”). Since then, SAP ERP has excelled in enterprise resource planning and financial management solutions. SAP currently supports over 200M subscribers in their cloud user base and has been named a top contending software company...
Source: peoplemanagingpeople.com

Wise Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Wise is a well-known alternative to traditional banking and offers competitive rates for international money transfers. It operates on a peer-to-peer system, ensuring low fees by matching individuals who want to exchange currency in different countries.
Source: www.withparallax.com
Top 5 Payoneer Alternatives [2024]
Wise offers fast, convenient transfers with transparent fees based on mid-market exchange rates, as well as a multi-currency account for both individual and business customers. While Wise offers several tools for business customers, such as expense cards, it is not as extensive as those offered by Payoneer. On the other hand, Payoneer’s fee structure is only transparent on...
Source: www.exiap.com
Top 5 Payoneer Alternatives for Seamless Online Transactions
Both offer global transactions, but Wise shines with competitive exchange rates and transparent fees, while Payoneer focuses on receiving payments with features like virtual cards. Choose Wise for cost-effectiveness, Payoneer for easy receiving.
Source: www.doola.com
Best money transfer apps of 2021
TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...
Source: www.techradar.com
Top 7 Wise Alternatives
Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).
Source: transumo.com

Social recommendations and mentions

Based on our record, Wise seems to be more popular. It has been mentiond 24 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

SAP ERP mentions (0)

We have not tracked any mentions of SAP ERP yet. Tracking of SAP ERP recommendations started around Mar 2021.

Wise mentions (24)

  • Which bank in vietnam have the lowest fee for overseas remittance?
    I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: almost 2 years ago
  • We are happy to welcome you to Auction 88 — Coins of The World.
    They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: almost 2 years ago
  • Recommend me a first credit card with 0 foreign tx fee
    It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 2 years ago
  • Renting an apartment without a US Bank account?
    Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 2 years ago
  • My New Client Is Asking Me For My Bank Info
    I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 2 years ago
View more

What are some alternatives?

When comparing SAP ERP and Wise, you can also consider the following products

Oracle NetSuite - NetSuite is the leading integrated cloud business software suite, including business accounting, ERP, CRM and ecommerce software.

Bill.com - Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform.

Sage Intacct - Intacct is a cloud-based accounting and financial management system that is designed for the businesses of all levels.

Zoho Invoice - 100% free online invoicing software for small businesses.

Odoo - An all-integrated business app suite to unleash your growth potential.

The Invoice Machine - The Invoice Machine is an online invoicing service with a simple and elegant user interface.

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