What users are saying about
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
105 Ratings
36 Ratings

Accounting by Wave

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
105 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.1 out of 101
36 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.4 out of 101

Likelihood to Recommend

Accounting by Wave

Wave seems like an excellent choice for managing bookkeeping and invoices for a small business like my own. I imagine as a business outgrows Wave, you will need to hire a bookkeeper and other financial planners anyway. For me, this would be quite a ways down the road, but for basic tasks, Wave has sped up my financial workflow significantly. I'm so impressed by what Wave accomplishes. It's everything I need in a financial software. Very impressed.
Chris Hecox profile photo

CCH Tagetik

CCH Tagetik is great for pulling together financial data for the purposes of budgeting, planning, and forecasting. I think it will likely have other uses in our organization as well as we become more familiar with it and adept at using it.
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
CCH Tagetik
Pay calculation
Accounting by Wave
8.2
CCH Tagetik
Benefit plan administration
Accounting by Wave
7.5
CCH Tagetik
Direct deposit files
Accounting by Wave
8.0
CCH Tagetik
Salary revision and increment management
Accounting by Wave
7.7
CCH Tagetik
Reimbursement management
Accounting by Wave
8.0
CCH Tagetik

Customization

Accounting by Wave
8.8
CCH Tagetik
API for custom integration
Accounting by Wave
8.7
CCH Tagetik
Plug-ins
Accounting by Wave
8.8
CCH Tagetik

Security

Accounting by Wave
8.5
CCH Tagetik
Single sign-on capability
Accounting by Wave
9.1
CCH Tagetik
Role-based user permissions
Accounting by Wave
7.9
CCH Tagetik

Reporting & Analytics

Accounting by Wave
8.5
CCH Tagetik
Dashboards
Accounting by Wave
8.5
CCH Tagetik
Standard reports
Accounting by Wave
8.3
CCH Tagetik
Custom reports
Accounting by Wave
8.6
CCH Tagetik

General Ledger and Configurable Accounting

Accounting by Wave
8.3
CCH Tagetik
Accounts payable
Accounting by Wave
8.7
CCH Tagetik
Accounts receivable
Accounting by Wave
9.2
CCH Tagetik
Cash management
Accounting by Wave
8.1
CCH Tagetik
Bank reconciliation
Accounting by Wave
7.9
CCH Tagetik
Expense management
Accounting by Wave
8.6
CCH Tagetik
Time tracking
Accounting by Wave
7.6
CCH Tagetik
Fixed asset management
Accounting by Wave
6.9
CCH Tagetik
Multi-currency support
Accounting by Wave
8.3
CCH Tagetik
Multi-division support
Accounting by Wave
7.4
CCH Tagetik
Regulations compliance
Accounting by Wave
7.3
CCH Tagetik
Electronic tax filing
Accounting by Wave
6.0
CCH Tagetik
Self-service portal
Accounting by Wave
8.9
CCH Tagetik
Global Financial Support
Accounting by Wave
9.0
CCH Tagetik
Primary and Secondary Ledgers
Accounting by Wave
9.3
CCH Tagetik
Intercompany Accounting
Accounting by Wave
8.6
CCH Tagetik
Localizations
Accounting by Wave
9.5
CCH Tagetik
Journals and Reconciliations
Accounting by Wave
8.2
CCH Tagetik
Enterprise Accounting
Accounting by Wave
8.7
CCH Tagetik
Configurable Accounting
Accounting by Wave
8.7
CCH Tagetik
Centralized Rules Framework
Accounting by Wave
9.0
CCH Tagetik
Standardized Processes
Accounting by Wave
8.1
CCH Tagetik

Inventory Management

Accounting by Wave
8.9
CCH Tagetik
Inventory tracking
Accounting by Wave
9.5
CCH Tagetik
Automatic reordering
Accounting by Wave
8.0
CCH Tagetik
Location management
Accounting by Wave
9.0
CCH Tagetik
Manufacturing module
Accounting by Wave
9.0
CCH Tagetik

Order Management

Accounting by Wave
8.0
CCH Tagetik
Pricing
Accounting by Wave
8.3
CCH Tagetik
Order entry
Accounting by Wave
8.4
CCH Tagetik
Credit card processing
Accounting by Wave
9.1
CCH Tagetik
Cost of goods sold
Accounting by Wave
8.8
CCH Tagetik
Order Orchestration
Accounting by Wave
8.0
CCH Tagetik
End-to-end order visibility
Accounting by Wave
5.5
CCH Tagetik
Order exception Resolution
Accounting by Wave
8.0
CCH Tagetik

Accounting Firm BPO Features

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

Budgeting, Planning, and Forecasting

Accounting by Wave
CCH Tagetik
8.6
Long-term financial planning
Accounting by Wave
CCH Tagetik
8.9
Financial budgeting
Accounting by Wave
CCH Tagetik
9.0
Forecasting
Accounting by Wave
CCH Tagetik
7.7
Scenario modeling
Accounting by Wave
CCH Tagetik
9.0
Management reporting
Accounting by Wave
CCH Tagetik
8.3

Consolidation and Close

Accounting by Wave
CCH Tagetik
7.9
Financial data consolidation
Accounting by Wave
CCH Tagetik
7.8
Journal entries and reports
Accounting by Wave
CCH Tagetik
7.8
Multi-currency management
Accounting by Wave
CCH Tagetik
9.1
Intercompany Eliminations
Accounting by Wave
CCH Tagetik
8.3
Minority Ownership
Accounting by Wave
CCH Tagetik
7.0
Local and consolidated reporting
Accounting by Wave
CCH Tagetik
7.5
Detailed Audit Trails
Accounting by Wave
CCH Tagetik
7.8

FInancial Reporting and Compliance

Accounting by Wave
CCH Tagetik
8.4
Financial Statement Reporting
Accounting by Wave
CCH Tagetik
8.5
Management Reporting
Accounting by Wave
CCH Tagetik
8.6
Excel-based Reporting
Accounting by Wave
CCH Tagetik
9.1
Automated board and financial reporting
Accounting by Wave
CCH Tagetik
8.5
XBRL support for regulatory filing
Accounting by Wave
CCH Tagetik
7.3

Analytics

Accounting by Wave
CCH Tagetik
8.1
Personalized dashboards
Accounting by Wave
CCH Tagetik
8.1
Color-coded scorecards
Accounting by Wave
CCH Tagetik
7.7
KPIs
Accounting by Wave
CCH Tagetik
8.2
Cost and profitability analysis
Accounting by Wave
CCH Tagetik
9.1
Key Performance Indicator setting
Accounting by Wave
CCH Tagetik
8.2
Benchmarking with external data
Accounting by Wave
CCH Tagetik
7.3

Integration

Accounting by Wave
CCH Tagetik
8.5
Flat file integration
Accounting by Wave
CCH Tagetik
9.5
Excel data integration
Accounting by Wave
CCH Tagetik
9.6
Direct links to 3rd-party data sources
Accounting by Wave
CCH Tagetik
6.4

Pros

Accounting by Wave

  • The invoicing is easily personalized and works well with both online delivery and with downloaded .pdf files for those who prefer to have direct invoicing from our firm.
  • The billing system makes it easy to track payments to contractors by project, however, it would be great to have a full 1099 solution. The payroll system worked well for us for several years, however, there were some bumps and learning curves. I am not using it at this time.
  • We have a few clients who use the direct payment options and while that costs us a few percentage points (and on the size of our contracts it seems to be a hefty slice), it's still worth it for the piece of mind to get the funds in rapidly. The rates are fairly competitive compared to what we usually.
  • It's useful to be able to assign access to team members or collaborators.
Geri Lynn Peak profile photo

CCH Tagetik

  • Easy configuration.
  • Workflows and approval task.
  • The possibility to report in an easy way, self-built forms from users.
Mauro Del Quondam profile photo

Cons

Accounting by Wave

  • I've not run into anything as of yet I'd like to see improved or added
Torrey Holman profile photo

CCH Tagetik

  • A complete switch to an html5 interface.
  • Business analytics.
  • API for integration with ERP solutions.
Mauro Del Quondam profile photo

Likelihood to Renew

Accounting by Wave

Accounting by Wave 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo

CCH Tagetik

CCH Tagetik 6.6
Based on 6 answers
The renewal of our use of Tagetik is stricly linked to the evolution of our reporting needs (especially those linked to compliance reasons). The implementation of new releases which could take benefit of state-of-the-art technologies (e.g. big data or mobile) could be done at a moderate pace in order to empower our user and make them confident about the potential and the performances of the platform.
Alessandro MANTINI profile photo

Usability

Accounting by Wave

Accounting by Wave 5.3
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

CCH Tagetik

CCH Tagetik 6.7
Based on 3 answers
Tagetik has a complex engine which could be easily managed by a web-based interface and an Excel .net macro which allows a quick learning of the application's main functions. Even everyday system maintenance is very easy to manage too, once you understand the underlying consolidation model. In wider terms, once you made the first configuration and you feed the data model, many annoying routines could be easily automated, with a great gain in terms of time spent on application maintenance.
Alessandro MANTINI profile photo

Reliability and Availability

Accounting by Wave

Accounting by Wave 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo

CCH Tagetik

No score
No answers yet
No answers on this topic

Performance

Accounting by Wave

Accounting by Wave 2.9
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

CCH Tagetik

No score
No answers yet
No answers on this topic

Support

Accounting by Wave

Accounting by Wave 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo

CCH Tagetik

CCH Tagetik 7.3
Based on 4 answers
Have never had a reason to give a negative rating
Susan Heffern profile photo

Online Training

Accounting by Wave

Accounting by Wave 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo

CCH Tagetik

No score
No answers yet
No answers on this topic

Implementation

Accounting by Wave

No score
No answers yet
No answers on this topic

CCH Tagetik

CCH Tagetik 6.4
Based on 2 answers
Get a project manager and have someone on the team who knows your databases and systems inside and out.
Susan Heffern profile photo

Alternatives Considered

Accounting by Wave

I was never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Torrey Holman profile photo

CCH Tagetik

Some of the reason(s) for us to choose for Tagetik are as follows:
  • XBRL implementation and support: Tagetik convinced us that it will develop, provide and support us with regards to reporting according to the XBRL standards.
  • Great support, both from Tagetik Benelux as from Tagetik Italy (Head Office). One of the requirements was that the vendor should be also located in the Netherlands.
  • flexible software
Arshak Shamoun profile photo

Scalability

Accounting by Wave

Accounting by Wave 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo

CCH Tagetik

No score
No answers yet
No answers on this topic

Return on Investment

Accounting by Wave

  • Keeps me up to date for taxing purposes
Torrey Holman profile photo

CCH Tagetik

  • Faster and more accurate way of reporting
  • Increase in efficiency
  • Decrease in issues with regards to data collection
Arshak Shamoun profile photo

Pricing Details

Accounting by Wave

General

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

CCH Tagetik

General

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

Add comparison