What users are saying about
409 Ratings
155 Ratings
409 Ratings
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Score 8.6 out of 100
155 Ratings
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Score 6.9 out of 100

Feature Set Ratings

  • SAP ERP ranks higher in 6 feature sets: Payroll Management, Security, Reporting & Analytics, General Ledger and Configurable Accounting, Inventory Management, Order Management
  • Wave Accounting ranks higher in 1 feature set: Customization

Payroll Management

8.6

SAP ERP

86%
6.6

Wave Accounting

66%
SAP ERP ranks higher in 4/5 features

Pay calculation

5.0
50%
1 Rating
7.2
72%
23 Ratings

Benefit plan administration

9.5
95%
19 Ratings
7.5
75%
4 Ratings

Direct deposit files

9.5
95%
17 Ratings
3.1
31%
20 Ratings

Salary revision and increment management

9.4
94%
18 Ratings
7.7
77%
12 Ratings

Reimbursement management

9.5
95%
21 Ratings
7.4
74%
8 Ratings

Customization

6.9

SAP ERP

69%
8.4

Wave Accounting

84%
Wave Accounting ranks higher in 2/2 features

API for custom integration

7.6
76%
31 Ratings
9.8
98%
9 Ratings

Plug-ins

6.2
62%
25 Ratings
7.0
70%
11 Ratings

Security

9.5

SAP ERP

95%
6.7

Wave Accounting

67%
SAP ERP ranks higher in 2/2 features

Single sign-on capability

9.5
95%
32 Ratings
7.4
74%
29 Ratings

Role-based user permissions

9.5
95%
37 Ratings
6.0
60%
33 Ratings

Reporting & Analytics

8.7

SAP ERP

87%
6.5

Wave Accounting

65%
SAP ERP ranks higher in 3/3 features

Dashboards

8.5
85%
29 Ratings
5.7
57%
67 Ratings

Standard reports

8.6
86%
37 Ratings
5.7
57%
66 Ratings

Custom reports

9.0
90%
37 Ratings
8.0
80%
34 Ratings

General Ledger and Configurable Accounting

8.6

SAP ERP

86%
5.4

Wave Accounting

54%
Wave Accounting ranks higher in 19/21 features

Accounts payable

9.4
94%
38 Ratings
5.7
57%
55 Ratings

Accounts receivable

9.3
93%
38 Ratings
5.9
59%
66 Ratings

Cash management

N/A
0 Ratings
5.6
56%
58 Ratings

Bank reconciliation

N/A
0 Ratings
5.0
50%
62 Ratings

Expense management

N/A
0 Ratings
6.7
67%
60 Ratings

Time tracking

N/A
0 Ratings
4.5
45%
10 Ratings

Fixed asset management

N/A
0 Ratings
4.1
41%
11 Ratings

Multi-currency support

N/A
0 Ratings
6.9
69%
18 Ratings

Multi-division support

N/A
0 Ratings
7.1
71%
9 Ratings

Regulations compliance

N/A
0 Ratings
6.8
68%
15 Ratings

Electronic tax filing

N/A
0 Ratings
5.9
59%
14 Ratings

Self-service portal

N/A
0 Ratings
3.2
32%
39 Ratings

Global Financial Support

N/A
0 Ratings
9.0
90%
2 Ratings

Primary and Secondary Ledgers

N/A
0 Ratings
7.0
70%
4 Ratings

Intercompany Accounting

N/A
0 Ratings
4.1
41%
5 Ratings

Localizations

N/A
0 Ratings
5.2
52%
3 Ratings

Journals and Reconciliations

N/A
0 Ratings
5.6
56%
28 Ratings

Enterprise Accounting

N/A
0 Ratings
4.0
40%
7 Ratings

Configurable Accounting

N/A
0 Ratings
5.5
55%
16 Ratings

Centralized Rules Framework

N/A
0 Ratings
1.0
10%
3 Ratings

Standardized Processes

N/A
0 Ratings
4.7
47%
17 Ratings

Inventory Management

9.0

SAP ERP

90%
8.1

Wave Accounting

81%
SAP ERP ranks higher in 2/4 features

Inventory tracking

9.2
92%
32 Ratings
5.6
56%
8 Ratings

Automatic reordering

9.4
94%
28 Ratings
9.9
99%
5 Ratings

Location management

8.4
84%
30 Ratings
8.1
81%
2 Ratings

Manufacturing module

8.9
89%
27 Ratings
9.0
90%
1 Rating

Order Management

8.8

SAP ERP

88%
7.2

Wave Accounting

72%
Wave Accounting ranks higher in 4/7 features

Pricing

8.7
87%
32 Ratings
9.5
95%
26 Ratings

Order entry

9.0
90%
33 Ratings
7.1
71%
17 Ratings

Credit card processing

8.4
84%
22 Ratings
4.5
45%
45 Ratings

Cost of goods sold

9.0
90%
30 Ratings
8.4
84%
32 Ratings

Order Orchestration

N/A
0 Ratings
5.8
58%
5 Ratings

End-to-end order visibility

N/A
0 Ratings
8.2
82%
4 Ratings

Order exception Resolution

N/A
0 Ratings
7.0
70%
2 Ratings

Attribute Ratings

  • SAP ERP is rated higher in 5 areas: Likelihood to Recommend, Likelihood to Renew, Usability, Availability, Support Rating

Likelihood to Recommend

8.8

SAP ERP

88%
45 Ratings
5.2

Wave Accounting

52%
75 Ratings

Likelihood to Renew

8.6

SAP ERP

86%
4 Ratings
7.8

Wave Accounting

78%
3 Ratings

Usability

8.8

SAP ERP

88%
9 Ratings
6.6

Wave Accounting

66%
12 Ratings

Availability

10.0

SAP ERP

100%
2 Ratings
6.3

Wave Accounting

63%
8 Ratings

Performance

SAP ERP

N/A
0 Ratings
2.9

Wave Accounting

29%
4 Ratings

Support Rating

9.0

SAP ERP

90%
10 Ratings
5.2

Wave Accounting

52%
10 Ratings

Online Training

SAP ERP

N/A
0 Ratings
4.7

Wave Accounting

47%
3 Ratings

Implementation Rating

3.0

SAP ERP

30%
2 Ratings

Wave Accounting

N/A
0 Ratings

Product Scalability

SAP ERP

N/A
0 Ratings
3.0

Wave Accounting

30%
2 Ratings

Likelihood to Recommend

SAP ERP

The availability of the leading and non-leading ledgers meets our financial reporting requirements and helps us fulfill both the stock exchange requirements at the parent company level and country-specific requirements at the operating entity level. In addition, the Open Item Managed Account feature ensures that reporting teams optimize their efforts on subsystem-driven accounts to achieve accounting concurrency.
Anonymous | TrustRadius Reviewer

Wave Accounting

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.
Anonymous | TrustRadius Reviewer

Pros

SAP ERP

  • Organizational resource management and integration of different departments with each other as a software automation
  • We have Access to all insights and analytics data from anywhere
  • It doesn't matter how big your organization is, it supports everything from small companies to giant high-tech organizations, and they all have access to data at very high speeds.
  • If you use the web and cloud version, the initial costs will be greatly reduced and even a small start-up small company can enjoy the benefits of SAP ERP.
Ali Kazempour | TrustRadius Reviewer

Wave Accounting

  • 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.
Harry Abell | TrustRadius Reviewer

Cons

SAP ERP

  • SAP sometimes gets slow whenever most of the people in the company simultaneously use it
  • Hopefully they would extend background job processing to all tables in SAP since it sometimes goes time out whenever extracting large historical data (ex. 5 years expense data)
Brandon Macapelit, CISA | TrustRadius Reviewer

Wave Accounting

  • 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.
J.P. VanderLinden | TrustRadius Reviewer

Pricing Details

SAP ERP

General

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

Starting Price

Wave Accounting

General

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

Starting Price

Likelihood to Renew

SAP ERP

SAP ERP 8.6
Based on 4 answers
The cost of SAP as an ERP is quite high and the switching costs associated with ERP systems are even higher. That being said moving from one ERP to another only happens once in a great while for large organizations. Those switching costs include retraining, IT hardware requirements, outside consultants and more
Todd Bellamy | 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

SAP ERP

SAP ERP 8.8
Based on 9 answers
It is worth my time as far as my concern I just loved the product and it has saved me from many problems that I used to [deal] with earlier overall it has [enhanced] my work efficiency that is why I am happy to give this rating to this product Also I loved the features and worth my working skills.
Mishka Panwar | TrustRadius Reviewer

Wave Accounting

Wave Accounting 6.6
Based on 12 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

SAP ERP

SAP ERP 10.0
Based on 2 answers
No answer on this topic is available.

Wave Accounting

Wave Accounting 6.3
Based on 8 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

SAP ERP

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 2.9
Based on 4 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

SAP ERP

SAP ERP 9.0
Based on 10 answers
Well, I've had several scenarios where it was evident that they simply buy time. At the same time, their Product Support and Implementation teams are most likely not in sync. What's said by a member of implementation may not hold good when you refer the same thing with a member of the support team.
Anonymous | TrustRadius Reviewer

Wave Accounting

Wave Accounting 5.2
Based on 10 answers
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
Anonymous | TrustRadius Reviewer

Online Training

SAP ERP

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

Alternatives Considered

SAP ERP

SAP is totally integrated as are many of its greatest competitors, but the level of detail in the integration between modules puts SAP heads and shoulders above all others. Granted, the SAP implementation can be much more difficult to perform, but in the long run, the amount of effort you put in will result in excellent usability. After using Oracle's E-Business Suite for over 20 years, we did a due diligence search that lasted over 18 months before making a decision to go with SAP. This was a result of our Oracle system being made "un-upgradeable" due to a custom module that Oracle Consulting actually built for us. We were stuck in an old version of their database that would not work upon patching to the next version.
John Mota | TrustRadius Reviewer

Wave Accounting

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
Anonymous | TrustRadius Reviewer

Scalability

SAP ERP

No score
No answers yet
No answers on this topic

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

SAP ERP

  • SAP has helped in transparency across different business unit and single financial view of the company that previously did not exist.
  • The cost of supporting the solution is slightly higher than the previous ERP and the consulting solutions cost more.
  • Overall SAP has brought in positive ROI and uniform business practices across the organization
Anonymous | TrustRadius Reviewer

Wave Accounting

  • 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 | TrustRadius Reviewer

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