Oracle Fusion Cloud Enterprise Performance Management vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Fusion Cloud Enterprise Performance Management
Score 7.2 out of 10
N/A
Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process. Oracle Cloud Enterprise Performance Management (EPM) Platform is a framework of the technical and functional components shared among Cloud EPM processes.
$250
per user/per month
Wave Accounting
Score 6.0 out of 10
N/A
Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.N/A
Pricing
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Editions & Modules
EPM Standard
$250
per user/per month
EPM Enterprise
$500
per user/per month
No answers on this topic
Offerings
Pricing Offerings
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPricing 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.
More Pricing Information
Community Pulse
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Top Pros
Top Cons
Features
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
5.6
3 Ratings
36% below category average
Wave Accounting
-
Ratings
Pixel Perfect reports8.12 Ratings00 Ratings
Customizable dashboards4.43 Ratings00 Ratings
Report Formatting Templates4.43 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
9.2
23 Ratings
10% above category average
Wave Accounting
-
Ratings
Drill-down analysis9.722 Ratings00 Ratings
Formatting capabilities9.521 Ratings00 Ratings
Report sharing and collaboration8.419 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
9.0
19 Ratings
10% above category average
Wave Accounting
-
Ratings
Publish to Web9.016 Ratings00 Ratings
Publish to PDF8.919 Ratings00 Ratings
Report Versioning9.017 Ratings00 Ratings
Report Delivery Scheduling9.015 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
5.9
3 Ratings
26% below category average
Wave Accounting
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)6.03 Ratings00 Ratings
Location Analytics / Geographic Visualization6.83 Ratings00 Ratings
Predictive Analytics5.13 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
9.2
24 Ratings
5% above category average
Wave Accounting
-
Ratings
Multi-User Support (named login)9.020 Ratings00 Ratings
Role-Based Security Model9.323 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.920 Ratings00 Ratings
Single Sign-On (SSO)9.321 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
7.2
2 Ratings
11% below category average
Wave Accounting
-
Ratings
Responsive Design for Web Access6.22 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
8.8
38 Ratings
6% above category average
Wave Accounting
-
Ratings
Long-term financial planning9.230 Ratings00 Ratings
Financial budgeting9.738 Ratings00 Ratings
Forecasting8.937 Ratings00 Ratings
Scenario modeling8.635 Ratings00 Ratings
Management reporting7.833 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
9.1
20 Ratings
12% above category average
Wave Accounting
-
Ratings
Financial data consolidation9.817 Ratings00 Ratings
Journal entries and reports9.714 Ratings00 Ratings
Multi-currency management8.913 Ratings00 Ratings
Intercompany Eliminations8.914 Ratings00 Ratings
Minority Ownership8.612 Ratings00 Ratings
Local and consolidated reporting9.716 Ratings00 Ratings
Detailed Audit Trails8.216 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
8.4
34 Ratings
2% above category average
Wave Accounting
-
Ratings
Financial Statement Reporting9.629 Ratings00 Ratings
Management Reporting7.932 Ratings00 Ratings
Excel-based Reporting8.430 Ratings00 Ratings
Automated board and financial reporting7.828 Ratings00 Ratings
XBRL support for regulatory filing8.519 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
7.7
25 Ratings
4% below category average
Wave Accounting
-
Ratings
Personalized dashboards8.225 Ratings00 Ratings
Color-coded scorecards7.73 Ratings00 Ratings
KPIs7.44 Ratings00 Ratings
Cost and profitability analysis6.74 Ratings00 Ratings
Key Performance Indicator setting8.124 Ratings00 Ratings
Benchmarking with external data8.024 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
9.1
36 Ratings
9% above category average
Wave Accounting
-
Ratings
Flat file integration9.634 Ratings00 Ratings
Excel data integration9.632 Ratings00 Ratings
Direct links to 3rd-party data sources8.228 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
6.2
24 Ratings
19% below category average
Pay calculation00 Ratings7.123 Ratings
Benefit plan administration00 Ratings7.54 Ratings
Direct deposit files00 Ratings1.220 Ratings
Salary revision and increment management00 Ratings7.712 Ratings
Reimbursement management00 Ratings7.48 Ratings
Customization
Comparison of Customization features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
8.5
13 Ratings
19% above category average
API for custom integration00 Ratings9.99 Ratings
Plug-ins00 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
9.5
43 Ratings
19% above category average
Single sign-on capability00 Ratings9.730 Ratings
Role-based user permissions00 Ratings9.334 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
8.2
70 Ratings
8% above category average
Dashboards00 Ratings9.368 Ratings
Standard reports00 Ratings9.467 Ratings
Custom reports00 Ratings5.734 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
6.8
73 Ratings
9% below category average
Accounts payable00 Ratings9.356 Ratings
Accounts receivable00 Ratings9.567 Ratings
Cash management00 Ratings9.359 Ratings
Bank reconciliation00 Ratings9.563 Ratings
Expense management00 Ratings9.561 Ratings
Time tracking00 Ratings9.411 Ratings
Fixed asset management00 Ratings9.412 Ratings
Multi-currency support00 Ratings10.019 Ratings
Multi-division support00 Ratings7.19 Ratings
Regulations compliance00 Ratings6.815 Ratings
Electronic tax filing00 Ratings5.914 Ratings
Self-service portal00 Ratings1.739 Ratings
Global Financial Support00 Ratings9.02 Ratings
Primary and Secondary Ledgers00 Ratings7.04 Ratings
Intercompany Accounting00 Ratings4.05 Ratings
Localizations00 Ratings5.23 Ratings
Journals and Reconciliations00 Ratings6.228 Ratings
Enterprise Accounting00 Ratings4.07 Ratings
Configurable Accounting00 Ratings5.516 Ratings
Centralized Rules Framework00 Ratings1.03 Ratings
Standardized Processes00 Ratings4.317 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
8.1
11 Ratings
14% above category average
Inventory tracking00 Ratings5.68 Ratings
Automatic reordering00 Ratings9.95 Ratings
Location management00 Ratings8.12 Ratings
Manufacturing module00 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Oracle Fusion Cloud Enterprise Performance Management
-
Ratings
Wave Accounting
7.6
52 Ratings
2% above category average
Pricing00 Ratings9.926 Ratings
Order entry00 Ratings10.018 Ratings
Credit card processing00 Ratings2.345 Ratings
Cost of goods sold00 Ratings10.033 Ratings
Order Orchestration00 Ratings5.85 Ratings
End-to-end order visibility00 Ratings8.24 Ratings
Order exception Resolution00 Ratings7.02 Ratings
Best Alternatives
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Likelihood to Recommend
8.9
(46 ratings)
3.6
(79 ratings)
Likelihood to Renew
9.0
(3 ratings)
7.8
(3 ratings)
Usability
8.0
(1 ratings)
6.2
(15 ratings)
Availability
10.0
(1 ratings)
6.7
(4 ratings)
Performance
9.0
(1 ratings)
2.9
(2 ratings)
Support Rating
6.8
(3 ratings)
2.5
(12 ratings)
Online Training
-
(0 ratings)
4.7
(3 ratings)
Implementation Rating
8.2
(16 ratings)
-
(0 ratings)
Configurability
5.0
(1 ratings)
-
(0 ratings)
Ease of integration
8.0
(1 ratings)
-
(0 ratings)
Product Scalability
8.0
(1 ratings)
3.0
(2 ratings)
Vendor post-sale
7.0
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Oracle Fusion Cloud Enterprise Performance ManagementWave Accounting
Likelihood to Recommend
Oracle
It is well suited in a geographically distributed environment where you have various key participants in multiple time zones providing input and necessary explanations on performance and measured success It is less appropriate where you have a single office environment with a single finance department working together. It is also less suited when the GL is NOT an Oracle product and the interface between the GL and the reporting software needs to be implemented with utmost care and handling.
Read full review
Wave
Wave Accounting was used for a small practice without a lot of the accounting considerations a large company would have. For the price, you really can't beat what Wave offers out of the box. All of the basic tools for things like invoicing and expenses are all easy to use. End of year accounting is easy with exports of data.
Read full review
Pros
Oracle
  • Account Reconciliation CLoud Services provides tight integration with Oracle R12 and 11i . Provides drillback capability. It is flexible and provides rich functionality to users.
  • We have implemented ARCS on cloud and migrated planning and budgeting from On premise to PBCS and EPBCS. Functionality is onpar with onpremise. Provides regular updates monthly
  • We don't need to upgrades every year and saved a lot on Hardware.
Read full review
Wave
  • Reconciliation is very difficult with multiple Wave transactions that need to be deleted or merged before it can be matched to a bank transaction.
  • Payroll worked fine for us but took several days to get it set up. We have switched to another bookkeeping system and another payroll system. Canceling with Wave took several days and they charge $6 for something even though the month was paid for in advance.
  • Credit card processing is nice and worked fine for us.
Read full review
Cons
Oracle
  • The limitation of constrained out of the box dimensions that requires ripping the initial implementation to add the new dimensions is a major drawback.
  • Smartview interface is cumbersome for many.
  • The only financial adapter is available for integration for other modules we have to go with file-based uploads which is cumbersome and not real-time.
  • It is very costly in terms of licensing unlike other Oracle products.
Read full review
Wave
  • I know that credit card processing is a way for Wave to make money, but I really wish they offered ACH payment on Invoices.
  • I do cash-based accounting, which means I have to make little journal entries at the start and end of each year to get my books to balance because Wave wants to do everything differently. This should just be a setting to flip, whether you want cash-based or accrual-based.
  • They use Yodlee for bank connection, which doesn't play nice with 2FA. Pretty much every time I log in I have to re-enter credentials, get a code sent to me, reauthenticate, and know that I'm going to have to do it again next week. Not really on Wave, but wish they could get it together nonetheless.
Read full review
Likelihood to Renew
Oracle
We have a pretty good userbase who are at the high level who gained value from this tool. Discontinuing this tool is prone to impact their day to day operations. Also the data in this tool cannot alter the source, which maintains the integrity of this tool. Smartview is a cool addition that gained lot of traction as well.
Read full review
Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Oracle
EPM usability is good in some modules but needs some improvement in others
Read full review
Wave
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
Read full review
Reliability and Availability
Oracle
EPM has been so far available all the time
Read full review
Wave
WAVE is always available when we need it ! Peter
Read full review
Performance
Oracle
The product performance is so far very good
Read full review
Wave
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.
Read full review
Support Rating
Oracle
Support from our implementation partner is a 10/10, but support from Oracle is awful. Case in point: recently over a 2-day period, there were a series of intermittent outages. Oracle actually asked US for the outage time-stamps. I would have thought that, since we were paying them, they should probably be able to tell us!
Read full review
Wave
I never had to call Wave Support as we barely experienced any support-related problems on our side. However, I do know a few people that complained about Wave support. It would be nice as well, though if they could have more in your face tutorials for new users or how-to videos should we struggle to do something
Read full review
Online Training
Oracle
No answers on this topic
Wave
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Read full review
Implementation Rating
Oracle
I suggest doubling the time to implement from the initial quote you get from the Sales team. That's always been the case for me for multiple EPMs now. The out-of-the-box functionality of Oracle Planning and Budgeting Cloud is pretty robust so I appreciate that and it really helped us get the ball rolling quickly.
Read full review
Wave
No answers on this topic
Alternatives Considered
Oracle
Oracle Planning and Budgeting Cloud fared very well against Adaptive, Anaplan, and Host Analytics. We ultimately decided on Oracle due to its reputation and strength of existing customers. We are happy with our decision.
Read full review
Wave
Wave is FREE for most functions. Payment processing costs no matter where you go (as does payroll or taxes). Wave rises above tools like QuickBooks Online because they know that for our small firm, being nimble is the name of the game. We don't need exhaustive reporting and management like QB offers and we certainly don't want to pay for it
Read full review
Scalability
Oracle
The product is scalable
Read full review
Wave
Once they out grow what is ability to move up to a more robust system?
Read full review
Return on Investment
Oracle
  • Significantly reduced the amount of money we spent for the maintenance of in-house hardware.
  • We now need less employees to manage the configurations of Oracle EPM Cloud.
  • There have been many time savings as a whole to apply to more productive causes.
Read full review
Wave
  • 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.
Read full review
ScreenShots

Oracle Fusion Cloud Enterprise Performance Management Screenshots

Screenshot of Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageScreenshot of Integration - External Integration - Oracle ERP Systems and Hybrid On-Premise DeploymentScreenshot of Planning and Forecasting - Decision-Oriented Plans with Instant Feedback Loop - What-If Modeling and SandboxScreenshot of Process and Workflow - Flexible Workflow and Process Management - Annotations - Concurrency in UsageScreenshot of User Interface - Role-Based, Intuitive User Interface - Role-Based Navigation Flows - Microsoft Office InterfaceScreenshot of Integration - External Integration - Oracle ERP Systems and Hybrid On-Premise Deployment