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

Oracle Cloud EPM

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
149 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100

Wave Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
122 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8 out of 100

Likelihood to Recommend

Oracle Cloud EPM

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 successIt 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.
Vishal Shivdasani | TrustRadius Reviewer

Wave Accounting

Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
J.P. VanderLinden | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Cloud EPM
6.4
Wave Accounting
Pixel Perfect reports
Oracle Cloud EPM
8.1
Wave Accounting
Customizable dashboards
Oracle Cloud EPM
5.6
Wave Accounting
Report Formatting Templates
Oracle Cloud EPM
5.7
Wave Accounting

Ad-hoc Reporting

Oracle Cloud EPM
7.9
Wave Accounting
Drill-down analysis
Oracle Cloud EPM
8.0
Wave Accounting
Formatting capabilities
Oracle Cloud EPM
7.5
Wave Accounting
Report sharing and collaboration
Oracle Cloud EPM
8.1
Wave Accounting

Report Output and Scheduling

Oracle Cloud EPM
8.2
Wave Accounting
Publish to Web
Oracle Cloud EPM
8.0
Wave Accounting
Publish to PDF
Oracle Cloud EPM
8.8
Wave Accounting
Report Versioning
Oracle Cloud EPM
7.9
Wave Accounting
Report Delivery Scheduling
Oracle Cloud EPM
8.1
Wave Accounting

Data Discovery and Visualization

Oracle Cloud EPM
5.7
Wave Accounting
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Cloud EPM
5.8
Wave Accounting
Location Analytics / Geographic Visualization
Oracle Cloud EPM
6.0
Wave Accounting
Predictive Analytics
Oracle Cloud EPM
5.4
Wave Accounting

Access Control and Security

Oracle Cloud EPM
8.6
Wave Accounting
Multi-User Support (named login)
Oracle Cloud EPM
8.5
Wave Accounting
Role-Based Security Model
Oracle Cloud EPM
8.4
Wave Accounting
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Cloud EPM
8.7
Wave Accounting
Single Sign-On (SSO)
Oracle Cloud EPM
8.7
Wave Accounting

Mobile Capabilities

Oracle Cloud EPM
7.2
Wave Accounting
Responsive Design for Web Access
Oracle Cloud EPM
6.2
Wave Accounting
Dedicated Android Application
Oracle Cloud EPM
8.2
Wave Accounting

Budgeting, Planning, and Forecasting

Oracle Cloud EPM
8.4
Wave Accounting
Long-term financial planning
Oracle Cloud EPM
8.4
Wave Accounting
Financial budgeting
Oracle Cloud EPM
8.5
Wave Accounting
Forecasting
Oracle Cloud EPM
8.2
Wave Accounting
Scenario modeling
Oracle Cloud EPM
8.3
Wave Accounting
Management reporting
Oracle Cloud EPM
8.5
Wave Accounting

Consolidation and Close

Oracle Cloud EPM
7.7
Wave Accounting
Financial data consolidation
Oracle Cloud EPM
7.9
Wave Accounting
Journal entries and reports
Oracle Cloud EPM
7.4
Wave Accounting
Multi-currency management
Oracle Cloud EPM
7.6
Wave Accounting
Intercompany Eliminations
Oracle Cloud EPM
7.8
Wave Accounting
Minority Ownership
Oracle Cloud EPM
7.5
Wave Accounting
Local and consolidated reporting
Oracle Cloud EPM
7.4
Wave Accounting
Detailed Audit Trails
Oracle Cloud EPM
8.1
Wave Accounting

Financial Reporting and Compliance

Oracle Cloud EPM
8.0
Wave Accounting
Financial Statement Reporting
Oracle Cloud EPM
8.4
Wave Accounting
Management Reporting
Oracle Cloud EPM
8.4
Wave Accounting
Excel-based Reporting
Oracle Cloud EPM
8.1
Wave Accounting
Automated board and financial reporting
Oracle Cloud EPM
7.9
Wave Accounting
XBRL support for regulatory filing
Oracle Cloud EPM
7.2
Wave Accounting

Analytics

Oracle Cloud EPM
7.2
Wave Accounting
Personalized dashboards
Oracle Cloud EPM
8.0
Wave Accounting
Color-coded scorecards
Oracle Cloud EPM
6.8
Wave Accounting
KPIs
Oracle Cloud EPM
7.3
Wave Accounting
Cost and profitability analysis
Oracle Cloud EPM
6.0
Wave Accounting
Key Performance Indicator setting
Oracle Cloud EPM
7.3
Wave Accounting
Benchmarking with external data
Oracle Cloud EPM
7.6
Wave Accounting

Integration

Oracle Cloud EPM
7.9
Wave Accounting
Flat file integration
Oracle Cloud EPM
7.9
Wave Accounting
Excel data integration
Oracle Cloud EPM
8.6
Wave Accounting
Direct links to 3rd-party data sources
Oracle Cloud EPM
7.3
Wave Accounting

Payroll Management

Oracle Cloud EPM
Wave Accounting
8.1
Pay calculation
Oracle Cloud EPM
Wave Accounting
8.6
Benefit plan administration
Oracle Cloud EPM
Wave Accounting
7.5
Direct deposit files
Oracle Cloud EPM
Wave Accounting
8.8
Salary revision and increment management
Oracle Cloud EPM
Wave Accounting
7.7
Reimbursement management
Oracle Cloud EPM
Wave Accounting
7.9

Customization

Oracle Cloud EPM
Wave Accounting
7.5
API for custom integration
Oracle Cloud EPM
Wave Accounting
7.7
Plug-ins
Oracle Cloud EPM
Wave Accounting
7.3

Security

Oracle Cloud EPM
Wave Accounting
8.5
Single sign-on capability
Oracle Cloud EPM
Wave Accounting
8.3
Role-based user permissions
Oracle Cloud EPM
Wave Accounting
8.8

Reporting & Analytics

Oracle Cloud EPM
Wave Accounting
8.3
Dashboards
Oracle Cloud EPM
Wave Accounting
8.3
Standard reports
Oracle Cloud EPM
Wave Accounting
8.5
Custom reports
Oracle Cloud EPM
Wave Accounting
8.1

General Ledger and Configurable Accounting

Oracle Cloud EPM
Wave Accounting
7.4
Accounts payable
Oracle Cloud EPM
Wave Accounting
7.3
Accounts receivable
Oracle Cloud EPM
Wave Accounting
8.1
Cash management
Oracle Cloud EPM
Wave Accounting
7.6
Bank reconciliation
Oracle Cloud EPM
Wave Accounting
7.7
Expense management
Oracle Cloud EPM
Wave Accounting
8.0
Time tracking
Oracle Cloud EPM
Wave Accounting
4.3
Fixed asset management
Oracle Cloud EPM
Wave Accounting
8.4
Multi-currency support
Oracle Cloud EPM
Wave Accounting
7.1
Multi-division support
Oracle Cloud EPM
Wave Accounting
7.1
Regulations compliance
Oracle Cloud EPM
Wave Accounting
6.6
Electronic tax filing
Oracle Cloud EPM
Wave Accounting
6.9
Self-service portal
Oracle Cloud EPM
Wave Accounting
6.9
Global Financial Support
Oracle Cloud EPM
Wave Accounting
9.0
Primary and Secondary Ledgers
Oracle Cloud EPM
Wave Accounting
9.0
Intercompany Accounting
Oracle Cloud EPM
Wave Accounting
8.1
Localizations
Oracle Cloud EPM
Wave Accounting
6.3
Journals and Reconciliations
Oracle Cloud EPM
Wave Accounting
6.9
Enterprise Accounting
Oracle Cloud EPM
Wave Accounting
5.9
Configurable Accounting
Oracle Cloud EPM
Wave Accounting
6.5
Centralized Rules Framework
Oracle Cloud EPM
Wave Accounting
8.2
Standardized Processes
Oracle Cloud EPM
Wave Accounting
9.1

Inventory Management

Oracle Cloud EPM
Wave Accounting
8.1
Inventory tracking
Oracle Cloud EPM
Wave Accounting
5.5
Automatic reordering
Oracle Cloud EPM
Wave Accounting
9.7
Location management
Oracle Cloud EPM
Wave Accounting
8.2
Manufacturing module
Oracle Cloud EPM
Wave Accounting
9.0

Order Management

Oracle Cloud EPM
Wave Accounting
7.7
Pricing
Oracle Cloud EPM
Wave Accounting
7.8
Order entry
Oracle Cloud EPM
Wave Accounting
8.0
Credit card processing
Oracle Cloud EPM
Wave Accounting
8.1
Cost of goods sold
Oracle Cloud EPM
Wave Accounting
7.5
Order Orchestration
Oracle Cloud EPM
Wave Accounting
6.7
End-to-end order visibility
Oracle Cloud EPM
Wave Accounting
8.8
Order exception Resolution
Oracle Cloud EPM
Wave Accounting
7.2

Pros

Oracle Cloud EPM

  • 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.
Raju Aenike | TrustRadius Reviewer

Wave Accounting

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA | TrustRadius Reviewer

Cons

Oracle Cloud EPM

  • 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.
Anonymous | TrustRadius Reviewer

Wave Accounting

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff | TrustRadius Reviewer

Likelihood to Renew

Oracle Cloud EPM

Oracle Cloud EPM 9.0
Based on 3 answers
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.
Anonymous | TrustRadius Reviewer

Wave Accounting

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

Usability

Oracle Cloud EPM

Oracle Cloud EPM 8.0
Based on 1 answer
EPM usability is good in some modules but needs some improvement in others
Aissam Drai | TrustRadius Reviewer

Wave Accounting

Wave Accounting 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 | TrustRadius Reviewer

Reliability and Availability

Oracle Cloud EPM

Oracle Cloud EPM 10.0
Based on 2 answers
EPM has been so far available all the time
Aissam Drai | TrustRadius Reviewer

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

Oracle Cloud EPM

Oracle Cloud EPM 9.0
Based on 2 answers
The product performance is so far very good
Aissam Drai | TrustRadius Reviewer

Wave Accounting

Wave Accounting 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 | TrustRadius Reviewer

Support Rating

Oracle Cloud EPM

Oracle Cloud EPM 7.0
Based on 6 answers
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!
Greg Grey | TrustRadius Reviewer

Wave Accounting

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

Online Training

Oracle Cloud EPM

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen | TrustRadius Reviewer

Implementation Rating

Oracle Cloud EPM

Oracle Cloud EPM 8.1
Based on 32 answers
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.
Anonymous | TrustRadius Reviewer

Wave Accounting

No score
No answers yet
No answers on this topic

Alternatives Considered

Oracle Cloud EPM

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.
Anonymous | TrustRadius Reviewer

Wave Accounting

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis | TrustRadius Reviewer

Scalability

Oracle Cloud EPM

Oracle Cloud EPM 8.0
Based on 1 answer
The product is scalable
Aissam Drai | TrustRadius Reviewer

Wave Accounting

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

Return on Investment

Oracle Cloud EPM

  • 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.
Anonymous | TrustRadius Reviewer

Wave Accounting

  • Wave is free. As a small business owner, it's difficult for me to commit to using too many different software because costs add up. Wave is a very competitive application with many features. I don't think I can go elsewhere at this point. It's far too attractive.
  • Wave does have paid features relating to payroll and bank account transfers. I prefer to handle incoming payments through checks manually so I don't worry about bank transfers. For some, this might be a concern, but you are likely paying for this no matter what you use.
  • Wave has saved me a considerable amount of time going back and forth between my bank's website and excel sheets. This is immeasurable to me. Keeping invoices in one place is also a big deal. I really love this software.
Chris Hecox | TrustRadius Reviewer

Screenshots

Pricing Details

Oracle Cloud EPM

General

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

Wave Accounting

General

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

Rating Summary

Likelihood to Recommend

Oracle Cloud EPM
8.3
Wave Accounting
7.8

Likelihood to Renew

Oracle Cloud EPM
9.0
Wave Accounting
7.8

Usability

Oracle Cloud EPM
8.0
Wave Accounting
5.3

Reliability and Availability

Oracle Cloud EPM
10.0
Wave Accounting
6.7

Performance

Oracle Cloud EPM
9.0
Wave Accounting
2.9

Support Rating

Oracle Cloud EPM
7.0
Wave Accounting
9.0

Online Training

Oracle Cloud EPM
Wave Accounting
4.7

Implementation Rating

Oracle Cloud EPM
8.1
Wave Accounting

Scalability

Oracle Cloud EPM
8.0
Wave Accounting
3.0

Add comparison