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Wise VS Odoo

Compare Wise VS Odoo and see what are their differences

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Wise logo Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Odoo logo Odoo

An all-integrated business app suite to unleash your growth potential.
  • Wise Landing page
    Landing page //
    2023-09-02
  • Odoo Landing page
    Landing page //
    2024-12-14

Odoo believes amazing employees deserve great software. With its community of +7 millions and +37 000 apps, the company that was once a basic ERP solution changed its focus to a fully integrated and customisable suite of business applications. From eCommerce to Sales through Accounting and HR, Odoo integrates everything any business needs to grow into a single solution. Therefore, Odoo is the only platform you will ever need to help run your business : integrated apps, kept single and loved by millions of users.

Wise

Website
wise.com
Pricing URL
-
$ Details
-
Release Date
-
Edit details

Odoo

Website
odoo.com
Pricing URL
Official Odoo Pricing
$ Details
Release Date
2005 January
Startup details
Country
Belgium
State
Brabant Wallon
City
Grand-rosiere
Founder(s)
Fabien Pinckaers
Employees
1,000 - 1,999
Edit details

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.

Odoo features and specs

  • Integrated Platform
    Odoo offers a comprehensive suite of applications that cover various business needs, including CRM, sales, accounting, inventory, manufacturing, and more. This integration helps streamline workflows and ensures seamless data flow between departments.
  • Customizable and Flexible
    Odoo is highly customizable. Users can tailor the system to meet their specific business requirements by adding or removing modules, customizing workflows, and changing user interfaces.
  • Open Source Option
    Odoo provides an open-source version, allowing smaller businesses or startups to access a robust system without a significant financial investment. This also enables a community of developers to contribute to and improve the software.
  • Scalability
    Odoo is scalable and can grow with your business. You can start with a few essential modules and gradually add more as your business expands and your needs evolve.
  • User-Friendly Interface
    Odoo boasts an intuitive and user-friendly interface, which makes it easier for employees to get accustomed to the software, thus reducing the time spent on training.

Possible disadvantages of Odoo

  • Cost of Enterprise Version
    While the open-source version is free, the Enterprise version can be expensive for small to medium-sized businesses, especially when considering the cost of add-ons and support services.
  • Complex Implementation
    Although Odoo is flexible, this very flexibility can lead to a complex and lengthy implementation process, requiring a significant amount of time and resources to configure the system properly.
  • Steep Learning Curve
    Despite its user-friendly interface, the wide range of features and customization options can result in a steep learning curve for users, particularly those without prior ERP experience.
  • Dependence on Third-Party Modules
    While Odoo offers a vast array of modules, some specialized business needs might require third-party modules, which can vary in quality and may introduce compatibility or support issues.
  • Performance Issues
    Some users have reported performance issues, particularly when dealing with large databases or running resource-intensive processes. These performance concerns can impact the efficiency of business operations.

Wise videos

+ Add

TransferWise Review - 3 Must Knows (2020)

More videos:

  • Review - TransferWise in detail
  • Review - Transferwise Review

Odoo videos

+ Add

Odoo is not an ERP, it is just a framework

More videos:

  • Review - Intro to Odoo: What is Odoo?
  • Demo - Odoo All-in-One Software Demonstration (Tour)
  • Demo - Odoo| All In One

Category Popularity

0-100% (relative to Wise and Odoo)

Wise

Odoo

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

User comments

Share your experience with using Wise and Odoo. 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 Wise and Odoo

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

Odoo Reviews

  1. Juan
    · CTO at Prokom Odoo ·
    Odoo is an ERP with all the apps a business need

    As a Software Engineer with 9 years of experience integrating ERP Software, Odoo is my first recommendation for almost any kind of business. Odoo achieves the sweet spot between business features and friendly interface, and has more than 14.000 modular applications that provide virtually any business need out of the box.

    👍 Pros:    Many built-in features|Easy user interface
  2. MelissaMiller
    The Best ERP software for Business Management

    Over the years, business industries have crossed over with different developments and innovative advancements in the field of ERP. What an ERP was twenty or thirty years back and what an ERP of today is a matter of astonishment. Benefits of Odoo

    1. Easily adaptable software for any industry type.
    2. Freedom from licensing costs.
    3. No fear of Vendor Lock-in.
    4. Large customization and integration possibilities
    5. Upgrades and improvisations with each version release.
    6. Unlimited functional support if deployed at the enterprise level.
    7. Scalability and Modularity.

    And many more features.

    🏁 Competitors: SAP ERP, Netsuite ERP
10 Best Moodle Alternatives to Jumpstart Your Courses
Odoo is one of the best Moodle alternatives because it is easy to use for both educators and students. It allows the former to create comprehensive courses, promote, deliver, and sell them faster, and it helps the latter to effectively gain new knowledge and experience.
Source: sendpulse.com
Top 10 Best Open Source Accounting Software Comparison 2024
Odoo begins as a free platform so long as you only choose one app or one of the app bundles. For example, Odoo Accounting comes with Odoo Invoicing, as does Odoo Expenses.
Source: crm.org
17 Best ERP Software To Monitor Business Vitals In 2024
I decided to select Odoo ERP as the best ERP software with the most user-centric approach to design. Odoo's ERP system offers a modern and intuitive user interface that simplifies complex business processes and makes it easier for employees to use the software.
Source: thecfoclub.com
8 Best Open-Source LMS (Moodle Alternatives) in 2024
Odoo is a popular LMS with over 7 million users worldwide. This open-source LMS comes with rich media and options to add various types of content, such as videos, infographics, external links, etc.
Source: geekflare.com
Top 9 NetSuite Alternative Software for Professional Services
ERPNext is a similar solution to Odoo, but it offers a more affordable pricing model with unlimited users. It can be a good option for smaller and mid-sized businesses with unusual workflows. As with Odoo, implementation of ERPNext may require expertise and effort, so make sure you’re ready for it before choosing it as your solution.
Source: productive.io

Social recommendations and mentions

Based on our record, Wise should be more popular than Odoo. 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.

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

Odoo mentions (13)

  • Need guidance on how to create an Odoo module using the UI
    Are you on odoo.sh, odoo.com, or are you self hosted? Source: over 1 year ago
  • Need help implementing
    My own experience from more or less freelancing: If you create an account on a preconfigured server without setting it up on a machine of your own, e.g. On odoo.com / odoo.sh, or cloudpepper.io/ and don't need very specific configurations done, plus are willing to try out and learn a lot (we're speaking about days, not hours, depending on what you need even more than a week) you can do it on your own. Source: almost 2 years ago
  • Odoo Multi-domain Email Servers
    I hope I understand correctly but I cannot change the alias to a custom domain, it has to end in odoo.com. The alias that the new company's tickets are being directed to is connected to its own incoming server and it is used regularly. Source: almost 2 years ago
  • Is ERP the right solution for my family's small manufacturing business?
    If you are looking for an ERP, check out odoo.com Everything you mention is possible and it's not that expensive imo. Source: about 2 years ago
  • how do people keep track of their projects and todo?
    Leantime and Odoo are also good options. Https://leantime.io/ Https://odoo.com (search community edition). Source: over 2 years ago
View more

What are some alternatives?

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

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.

ERPNext - The ERP Software that helps you take full control of your business. ERPNext is both powerful and easy to use.

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

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

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

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

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