Monday.com vs Wrike

August 10, 2023 | Author: Adam Levine
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Monday.com
monday.com is an intuitive team management platform for effective teamwork. Teams use monday.com to plan, organize and track their work in one visual, collaborative space.
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Wrike
Juggling multiple projects? Wrike makes it easy and efficient for you. It lets you easily adjust plans on the Gantt chart, optimize schedules in the workload view, create custom reports, track time and much more — all with a few mouse clicks.
Monday.com and Wrike are both popular project management tools, but they differ in their approach and key features. Monday.com is a visual and intuitive platform that uses customizable boards, cards, and timelines to represent tasks and projects. It offers features like task assignment, progress tracking, communication tools, and automation capabilities. Monday.com focuses on providing a user-friendly and visually engaging interface for managing projects and team collaboration. On the other hand, Wrike is a comprehensive project management tool that offers features such as task management, time tracking, document collaboration, and reporting. Wrike emphasizes advanced project planning, resource management, and cross-team collaboration. It provides a more structured and robust platform suitable for complex project environments. While Monday.com offers a more visual and streamlined approach, Wrike provides extensive project management features and capabilities.

See also: Top 10 Project Management software
Monday.com vs Wrike in our news:

2022. monday.com introduces monday sales CRM



The renowned project management service, monday.com, has recently introduced monday sales CRM, a dynamic customer relationship management (CRM) system designed to streamline all customer-related processes within a single platform. Leveraging monday.com's flexible low-code/no-code framework, monday sales CRM offers a fully customizable CRM solution that empowers users to automate repetitive tasks, synchronize their Gmail/Outlook accounts for seamless email communication, and automatically log sent emails. Additionally, the CRM system provides real-time notifications when leads open or respond to emails, facilitates team quota tracking over time, allows for goal setting at both individual and team levels, centralizes post-sale activities for efficient client onboarding, project management, and collection tracking, streamlines the sales hiring process, and equips sales teams with the necessary tools and resources to enhance deal closure rates. The offering includes a free version for up to 2 seats, while the paid version starts at €10 per seat per month.


2021. Citrix is acquiring Wrike for $2.25B



Citrix, a company known for its network security and desktop virtualization software tools, is looking to expand its presence in the collaboration space through the acquisition of work management platform provider Wrike. The deal, valued at over $2 billion, aims to enhance Citrix's offerings in the digital work management domain. Wrike's platform serves as a comprehensive tool for tracking project dates, managing dependencies, allocating assignments and resources, as well as monitoring time. Additionally, it offers collaboration features that facilitate conversations, asset creation, and decision-making. Citrix has recently been focusing on its Citrix Workspace, a solution that integrates various collaboration tools. The technology and expertise brought by Wrike are expected to greatly contribute to the advancement of this product.


2020. Wrike launches new AI tools to keep your projects on track



Project management service Wrike has announced a significant platform update during its user conference. The update introduces various AI capabilities aimed at ensuring individual projects stay on track and meet deadlines. Additionally, new solutions have been introduced to cater to the needs of marketers and project management offices in large corporations. With the latest enhancements, Wrike can now predict potential delays and notify project and team leaders of any indications of potential issues. AI-powered task prioritization assists users in identifying the most crucial tasks that require immediate attention, facilitating project progress. Another noteworthy addition is the support for optical character recognition, enabling users to scan printed and handwritten notes from their phones and attach them to specific tasks (available on iOS only). Moreover, voice commands (via Siri on iOS) and smart replies resembling Gmail's functionality (available in English for iOS and Android) have also been introduced.


2020. Monday.com now lets companies build custom apps



Monday.com has recently unveiled version 2.0 of its highly flexible workflow platform, introducing enhanced capabilities for customers to develop custom apps on the Monday platform. With this update, users are provided with a wealth of resources, including over a hundred prebuilt automation recipes and code-free custom automations. Additionally, the release features more than 50 integrations with various applications, empowering project managers to create sophisticated workflows without the need for coding expertise. Whether it's process management, portfolio management, project management, CRM management, hotel management, or R&D management, Monday.com offers a code-free environment that enables users to leverage these building blocks and craft tailored applications to fulfill the specific needs of any organization or team.


2019. Workplace collaboration software Monday.com raised $150M


Monday.com, a rapidly expanding workplace collaboration platform, has recently announced a remarkable $150 million funding round, valuing the company at $1.9 billion. This substantial investment reflects both the platform's current success and the immense potential within the broader collaboration space, particularly in the areas of enhanced team communication and team management. With a customer base now reaching 80,000 organizations, compared to just 35,000 a year ago, Monday.com serves a diverse range of industries spanning over 200 verticals. Notably, these organizations vary in size, with employee counts ranging from as few as two to as high as 4,000. The impressive clientele includes renowned companies such as Carlsberg, Discovery Channel, Philips, Hulu, WeWork, and numerous Fortune 500 firms. It's worth mentioning that Monday.com attracts both technical and non-technical companies that rely on software and computers to facilitate their work processes.


2018. Wrike integrates with Microsoft Teams


The project management tool for Office 365, Microsoft Planner, may not have gained significant popularity yet. As a result, integrating the team messenger Microsoft Teams with the well-known project management service Wrike makes perfect sense. This integration offers several benefits. Firstly, it enables companies to utilize single sign-on for user accounts, streamlining the authentication process for Office 365 and Wrike. Secondly, within any Teams chat, users can easily add a Wrike tab that provides access to the desired project, allowing them to interact with task lists and view timelines. Tasks can be shared with the Teams chat for discussions and collaborative efforts. Additionally, Teams chat enables automatic receipt of project notifications from Wrike. Establishing the connection between Wrike and Teams is a straightforward process, requiring just a few clicks within the Teams Store.


2016. Wrike launched project management tool for marketers



Project management service Wrike is actively exploring opportunities to cater to specific industry verticals through specialized products. In line with this strategy, the company recently introduced its first vertical solution called Wrike for Marketers. This decision was driven by the fact that 40 percent of the company's new revenue already originates from the marketing vertical. Naturally, the product was developed to align with the unique workflow typically found in marketing, encompassing elements such as briefs, requests, assignments, reviews, and approvals. Recognizing the prevalence of Adobe tools like Photoshop and InDesign in creative work within marketing agencies, the Wrike team created an extension for the Adobe Creative Cloud. This integration seamlessly incorporates some of Wrike's features directly into Adobe's tools, enhancing collaboration and streamlining workflows.


2015. Project management service Wrike raised $15M



The project management and collaboration platform, Wrike, has successfully raised a Series B round, securing $15 million in funding. With the workplace undergoing significant digital transformation, Wrike recognized a dilemma faced by its customers. They were presented with a choice between complex enterprise IT solutions that proved impractical or simplistic tools and applications that lacked scalability. Wrike's CEO and Founder, Andrew Filev, stated, "Our objective was to bridge this gap by offering an enterprise product that focuses on seamless integration and scalable customization. This way, each customer can easily tailor Wrike to align with their unique business objectives." Filev further highlights that Wrike's recent introduction of new customization options has enabled the platform to gain considerable traction in the enterprise sphere. Typically, incorporating personalized features into services like Wrike has proven to be a cumbersome process.


2014. Project Management app Wrike improves customization options


Work management and collaboration service Wrike has introduced its latest offering, the "dynamic platform," allowing users to customize the service according to their specific needs. With the new Custom Fields feature, each project can be configured to track relevant information such as budgets, priorities, or custom statuses. Whether you belong to Product Development, Marketing, Finance, or any other team, you now have the flexibility to tailor your projects precisely to your requirements. Please note that this feature is exclusively available to Wrike Enterprise customers. Additionally, Wrike has introduced the Table View feature, which functions similar to a spreadsheet, facilitating project planning and organization. Furthermore, Wrike has expanded its integrations by including popular tools like Evernote, Wufoo, Zendesk, and more, enabling seamless connectivity and collaboration across various platforms.


2014. Wrike allows to convert any web page into task


Popular project management service Wrike has introduced a clever Chrome extension that enables users to annotate the web. With this extension, Wrike users can not only gather information from any website but, more importantly, when their team members visit the same site, they will see associated tasks linked to it. This functionality is reminiscent of web annotation tools; however, the integration of these capabilities into productivity applications sets Wrike apart. Alongside this, Wrike has introduced additional features, such as the ability to include external parties in Wrike projects. The company emphasizes that this feature is particularly significant for agencies that collaborate with their clients.

Author: Adam Levine
Adam is an expert in project management, collaboration and productivity technologies, team management, and motivation. With an extensive background working at prestigious companies such as Microsoft and Accenture, Adam's in-depth knowledge and experience in the field make him a sought-after professional. Currently, he has ventured into entrepreneurship, owning a thriving consulting and training agency where he imparts invaluable insights and practical strategies to individuals and organizations, empowering them to achieve their goals and maximize their potential. You can contact Adam via email adam@liventerprise.com