What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Oracle EPM Cloud

116 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

Oracle EPM Cloud

116 Ratings
Score 8 out of 101

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Likelihood to Recommend

Accounting by Wave

I have recommended it to many small businesses because first off, it works. Setup and daily use it is easy. There is no cost outside of any payment transaction processing fees. You can probably find lower fees, but they are not out of line with other services.
No photo available

Oracle EPM Cloud

PBCS is well suited for small to mid size companies with small IT footprints.It would be able to grow much if network latency issues across the globe can be removed to have a single app available all across.
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Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Oracle EPM Cloud
Pay calculation
Accounting by Wave
8.4
Oracle EPM Cloud
Benefit plan administration
Accounting by Wave
7.5
Oracle EPM Cloud
Direct deposit files
Accounting by Wave
8.0
Oracle EPM Cloud
Salary revision and increment management
Accounting by Wave
7.7
Oracle EPM Cloud
Reimbursement management
Accounting by Wave
8.0
Oracle EPM Cloud

Customization

Accounting by Wave
9.1
Oracle EPM Cloud
API for custom integration
Accounting by Wave
8.9
Oracle EPM Cloud
Plug-ins
Accounting by Wave
9.2
Oracle EPM Cloud

Security

Accounting by Wave
8.6
Oracle EPM Cloud
Single sign-on capability
Accounting by Wave
9.0
Oracle EPM Cloud
Role-based user permissions
Accounting by Wave
8.2
Oracle EPM Cloud

Reporting & Analytics

Accounting by Wave
8.5
Oracle EPM Cloud
Dashboards
Accounting by Wave
8.4
Oracle EPM Cloud
Standard reports
Accounting by Wave
8.3
Oracle EPM Cloud
Custom reports
Accounting by Wave
8.6
Oracle EPM Cloud

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Oracle EPM Cloud
Accounts payable
Accounting by Wave
8.4
Oracle EPM Cloud
Accounts receivable
Accounting by Wave
9.1
Oracle EPM Cloud
Cash management
Accounting by Wave
8.1
Oracle EPM Cloud
Bank reconciliation
Accounting by Wave
7.8
Oracle EPM Cloud
Expense management
Accounting by Wave
8.5
Oracle EPM Cloud
Time tracking
Accounting by Wave
7.3
Oracle EPM Cloud
Fixed asset management
Accounting by Wave
5.2
Oracle EPM Cloud
Multi-currency support
Accounting by Wave
8.6
Oracle EPM Cloud
Multi-division support
Accounting by Wave
7.4
Oracle EPM Cloud
Regulations compliance
Accounting by Wave
7.3
Oracle EPM Cloud
Electronic tax filing
Accounting by Wave
6.0
Oracle EPM Cloud
Self-service portal
Accounting by Wave
9.1
Oracle EPM Cloud
Global Financial Support
Accounting by Wave
9.0
Oracle EPM Cloud
Primary and Secondary Ledgers
Accounting by Wave
9.3
Oracle EPM Cloud
Intercompany Accounting
Accounting by Wave
8.7
Oracle EPM Cloud
Localizations
Accounting by Wave
9.5
Oracle EPM Cloud
Journals and Reconciliations
Accounting by Wave
8.4
Oracle EPM Cloud
Enterprise Accounting
Accounting by Wave
8.7
Oracle EPM Cloud
Configurable Accounting
Accounting by Wave
8.7
Oracle EPM Cloud
Centralized Rules Framework
Accounting by Wave
9.0
Oracle EPM Cloud
Standardized Processes
Accounting by Wave
7.9
Oracle EPM Cloud

Inventory Management

Accounting by Wave
8.9
Oracle EPM Cloud
Inventory tracking
Accounting by Wave
9.5
Oracle EPM Cloud
Automatic reordering
Accounting by Wave
8.0
Oracle EPM Cloud
Location management
Accounting by Wave
9.0
Oracle EPM Cloud
Manufacturing module
Accounting by Wave
9.0
Oracle EPM Cloud

Order Management

Accounting by Wave
7.8
Oracle EPM Cloud
Pricing
Accounting by Wave
8.1
Oracle EPM Cloud
Order entry
Accounting by Wave
8.0
Oracle EPM Cloud
Credit card processing
Accounting by Wave
9.1
Oracle EPM Cloud
Cost of goods sold
Accounting by Wave
8.8
Oracle EPM Cloud
Order Orchestration
Accounting by Wave
8.0
Oracle EPM Cloud
End-to-end order visibility
Accounting by Wave
4.7
Oracle EPM Cloud
Order exception Resolution
Accounting by Wave
8.0
Oracle EPM Cloud

Accounting Firm BPO Features

Accounting by Wave
8.0
Oracle EPM Cloud
Branded client dashboards
Accounting by Wave
8.0
Oracle EPM Cloud
Client data roll-up capabilities
Accounting by Wave
8.0
Oracle EPM Cloud
Client data consolidation for benchmarking
Accounting by Wave
7.5
Oracle EPM Cloud
Configurable alerts
Accounting by Wave
8.0
Oracle EPM Cloud
Billing bypass
Accounting by Wave
8.0
Oracle EPM Cloud
Client template cloning
Accounting by Wave
8.0
Oracle EPM Cloud
Single sign-on
Accounting by Wave
9.0
Oracle EPM Cloud
Configurable client onboarding questions
Accounting by Wave
8.0
Oracle EPM Cloud
Cross-client workflow management
Accounting by Wave
8.0
Oracle EPM Cloud
Industry-specific versioning
Accounting by Wave
8.0
Oracle EPM Cloud
Legacy system data migration
Accounting by Wave
8.0
Oracle EPM Cloud

Budgeting, Planning, and Forecasting

Accounting by Wave
Oracle EPM Cloud
8.3
Long-term financial planning
Accounting by Wave
Oracle EPM Cloud
8.5
Financial budgeting
Accounting by Wave
Oracle EPM Cloud
8.8
Forecasting
Accounting by Wave
Oracle EPM Cloud
8.0
Scenario modeling
Accounting by Wave
Oracle EPM Cloud
7.7
Management reporting
Accounting by Wave
Oracle EPM Cloud
8.5

FInancial Reporting and Compliance

Accounting by Wave
Oracle EPM Cloud
8.1
Financial Statement Reporting
Accounting by Wave
Oracle EPM Cloud
8.2
Management Reporting
Accounting by Wave
Oracle EPM Cloud
8.5
Excel-based Reporting
Accounting by Wave
Oracle EPM Cloud
9.0
Automated board and financial reporting
Accounting by Wave
Oracle EPM Cloud
8.4
XBRL support for regulatory filing
Accounting by Wave
Oracle EPM Cloud
6.1

Analytics

Accounting by Wave
Oracle EPM Cloud
7.0
Personalized dashboards
Accounting by Wave
Oracle EPM Cloud
7.2
Key Performance Indicator setting
Accounting by Wave
Oracle EPM Cloud
7.5
Benchmarking with external data
Accounting by Wave
Oracle EPM Cloud
6.3

Integration

Accounting by Wave
Oracle EPM Cloud
7.6
Flat file integration
Accounting by Wave
Oracle EPM Cloud
8.4
Excel data integration
Accounting by Wave
Oracle EPM Cloud
8.2
Direct links to 3rd-party data sources
Accounting by Wave
Oracle EPM Cloud
6.2

Pros

  • Quoting and Invoicing - This feature is huge to be able to manage customers and automate the process of sending invoices as well as reminding outstanding balance holders about their obligations.
  • Payment Processing - Once you get the invoicing down, the ability to process credit card and ACH payments in a single package is great. The fees are competitive and the turn-around time to money in the bank is quick.
  • Bank Integrations - I mean, this ought to be a standard thing these days, but Wave makes it super simple. There is no need to use esoteric APIs or ugly interfaces - everything is in the same Wave wrapper and the functionality is truly seamless.
No photo available
  • Reliability
  • Ease of use
  • Consistency with prior product to enhance user adoption
Mike Stevenson profile photo

Cons

  • One area of improvement for Wave would be combining the various mobile applications into one app.
  • Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
  • Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
Lukas Sundahl, MBA profile photo
  • More flexibility within the frameworks
  • Transparency in performance optimization
  • More flexible migration options to exclude cubes in prod.
Mike Stevenson profile photo

Likelihood to Renew

Accounting by Wave7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo
No score
No answers yet
No answers on this topic

Usability

Accounting by Wave5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Accounting by Wave6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Performance

Accounting by Wave2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley profile photo
No score
No answers yet
No answers on this topic

Support

Accounting by Wave9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo
No score
No answers yet
No answers on this topic

Online Training

Accounting by Wave4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Implementation

No score
No answers yet
No answers on this topic
Oracle EPM Cloud7.0
Based on 6 answers
There were some difficulties but Oracle has proven to be a reliable partner that will help us deliver and keep promises of improvement.
Mike Stevenson profile photo

Alternatives Considered

Each one of these cloud-based or desktop accounting services offer different pros and cons. It really comes down to the individual owner's wants and needs. While Wave is not going to be my first choice for a large, complex organization, it really shines when handling a one person shop who wants to keep track of their home and business finances in one place without all the complexity of traditional bookkeeping software. It's far less expensive than its competitors and has made constant strides to improve itself since day one. It also has a very friendly support staff who have a very fast response time.
Eric Matthews profile photo
No photo available

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
I rated the software an 7 due to its ease of use. It would be rated higher, but I consider this to be a niche product instead of a go to product for all clients. This is the software to use if you want an inexpensive entry level software for an owner managed business.
Randy O'Malley profile photo
No score
No answers yet
No answers on this topic

Scalability

Accounting by Wave3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
  • The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
  • The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Lukas Sundahl, MBA profile photo
  • Reduction in maintenance cost
  • Limited automation capability
  • FCCS does not have ASO reporting functionalities
No photo available

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Oracle EPM Cloud

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details
Pricing per user varies by component within the Oracle EPM Cloud solution. Please see pricing information for the EPM Cloud components on cloud.oracle.com or contact Oracle Sales at +1.800.633.0738.