Fiserv Prologue Financials vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Prologue Financials
Score 2.7 out of 10
N/A
Prologue Financials from Fiserv, a fully integrated accounting solution, features enhanced, built-in automation and controls and a newly designed user interface, enabling users to increase the efficiency of financial accounting processes.N/A
Wave Accounting
Score 6.1 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
Fiserv Prologue FinancialsWave Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Prologue FinancialsWave Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Fiserv Prologue FinancialsWave Accounting
Top Pros
Top Cons
Features
Fiserv Prologue FinancialsWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
18% above category average
Wave Accounting
6.2
24 Ratings
19% below category average
Pay calculation9.01 Ratings7.123 Ratings
Benefit plan administration9.01 Ratings7.54 Ratings
Direct deposit files9.01 Ratings1.220 Ratings
Salary revision and increment management9.01 Ratings7.712 Ratings
Reimbursement management9.01 Ratings7.48 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
24% above category average
Wave Accounting
8.5
13 Ratings
19% above category average
API for custom integration9.01 Ratings9.99 Ratings
Plug-ins9.01 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
12% above category average
Wave Accounting
9.5
43 Ratings
17% above category average
Single sign-on capability9.01 Ratings9.730 Ratings
Role-based user permissions9.01 Ratings9.434 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
17% above category average
Wave Accounting
8.2
70 Ratings
8% above category average
Dashboards9.01 Ratings9.468 Ratings
Standard reports9.01 Ratings9.567 Ratings
Custom reports9.01 Ratings5.734 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
19% above category average
Wave Accounting
6.9
73 Ratings
7% below category average
Accounts payable9.01 Ratings9.456 Ratings
Accounts receivable9.01 Ratings9.667 Ratings
Cash management9.01 Ratings9.459 Ratings
Bank reconciliation9.01 Ratings9.663 Ratings
Expense management9.01 Ratings9.661 Ratings
Time tracking9.01 Ratings9.511 Ratings
Fixed asset management9.01 Ratings9.512 Ratings
Multi-currency support9.01 Ratings10.019 Ratings
Multi-division support9.01 Ratings7.19 Ratings
Regulations compliance9.01 Ratings6.815 Ratings
Electronic tax filing9.01 Ratings5.914 Ratings
Self-service portal9.01 Ratings1.739 Ratings
Global Financial Support9.01 Ratings9.02 Ratings
Primary and Secondary Ledgers9.01 Ratings7.04 Ratings
Intercompany Accounting9.01 Ratings4.05 Ratings
Localizations9.01 Ratings5.23 Ratings
Journals and Reconciliations9.01 Ratings6.228 Ratings
Enterprise Accounting9.01 Ratings4.07 Ratings
Configurable Accounting9.01 Ratings5.516 Ratings
Centralized Rules Framework9.01 Ratings1.03 Ratings
Standardized Processes9.01 Ratings4.317 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
25% above category average
Wave Accounting
8.1
11 Ratings
14% above category average
Inventory tracking9.01 Ratings5.68 Ratings
Automatic reordering9.01 Ratings9.95 Ratings
Location management9.01 Ratings8.12 Ratings
Manufacturing module9.01 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
20% above category average
Wave Accounting
7.6
52 Ratings
3% above category average
Pricing9.01 Ratings9.926 Ratings
Order entry9.01 Ratings10.018 Ratings
Credit card processing9.01 Ratings2.345 Ratings
Cost of goods sold9.01 Ratings10.033 Ratings
Order Orchestration9.01 Ratings5.85 Ratings
End-to-end order visibility9.01 Ratings8.24 Ratings
Order exception Resolution9.01 Ratings7.02 Ratings
Best Alternatives
Fiserv Prologue FinancialsWave Accounting
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Fiserv Prologue FinancialsWave Accounting
Likelihood to Recommend
1.9
(2 ratings)
3.5
(79 ratings)
Likelihood to Renew
-
(0 ratings)
7.8
(3 ratings)
Usability
9.0
(1 ratings)
6.2
(15 ratings)
Availability
-
(0 ratings)
6.7
(4 ratings)
Performance
-
(0 ratings)
2.9
(2 ratings)
Support Rating
9.0
(1 ratings)
2.5
(12 ratings)
Online Training
-
(0 ratings)
4.7
(3 ratings)
Product Scalability
-
(0 ratings)
3.0
(2 ratings)
User Testimonials
Fiserv Prologue FinancialsWave Accounting
Likelihood to Recommend
Fiserv
Fiserv Prologue Financials will automate and help streamline your accounting processes and increases your data accuracy and create efficiencies that enables time and resources to be directed to strategic and profitable activities. Instant correction to errors and automatic journal entry reversal are very effective and excellent detailed audit trail allowing easy tracking and monitoring.
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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.
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Pros
Fiserv
  • In my opinion, nothing is done well. I hate this program with an extreme passion.
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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.
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Cons
Fiserv
  • Support is only available within business hours.
  • No free trials.
  • Takes time to implement during initial stages.
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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.
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Likelihood to Renew
Fiserv
No answers on this topic
Wave
Easy to use for clients with no accounting background and the price is right.
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Usability
Fiserv
Powerful tool that helps us to automate and to streamline our accounting processes and helps to deliver reliable and accurate accessible information that is crucial to the performance of our organization. Its easy to customize and to create financial reports of any kind from the GL and its ability to manipulate data through the system is amazing.
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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
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Reliability and Availability
Fiserv
No answers on this topic
Wave
WAVE is always available when we need it ! Peter
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Performance
Fiserv
No answers on this topic
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.
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Support Rating
Fiserv
It provides us with a fully integrated accounting management solution with effective account payables and investment portfolio accounting. It helps us to automate and to streamline our accounting processes and it allows us to create custom financial reports easily enabling faster reports with accurate financial accounting data.
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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
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Online Training
Fiserv
No answers on this topic
Wave
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
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Alternatives Considered
Fiserv
Fiserv Prologue Financials is easily available and deployed in Mac and Windows and allows our financial controllers to create simple custom reports that enable them to report faster with accurate financial data. Great product that provides us with excellent cash management and payment management processes.
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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
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Scalability
Fiserv
No answers on this topic
Wave
Once they out grow what is ability to move up to a more robust system?
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Return on Investment
Fiserv
  • Instant correction to errors.
  • Real-time financial data.
  • Automatic journal entry reversals.
  • Detailed audit trails that allows effective tracking.
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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.
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