Compare SAP Financials On Demand and Wave Accounting - Apr 2022

Shlomi Lavi

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Bottom Line: Which is Better - SAP Financials On Demand or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than SAP Financials On Demand, and Wave Accounting is rated higher (97/100) than SAP Financials On Demand (89/100). Wave Accounting offers users more features (5) than SAP Financials On Demand (3).

Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

SAP Vs. Wave Accounting

SAP: SAP ® AG is German software corporation that makes enterprise software to manage business operations and customer relations. SAP ® is the market leader in enterprise application software. The company's best-known software products are its enterprise resource planning application (SAP ® ERP), its enterpr...

Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.

Who is more expensive? SAP Financials On Demand or Wave Accounting?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for SAP Financials On Demand and Wave Accounting.

SAP Financials On Demand accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 SAP Financials On Demand is rated 4, which is lower than the average cost of Accounting & Finance software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 SAP Financials On Demand is rated 4, which is lower than the average cost of Accounting & Finance software.

Bottom line: SAP Financials On Demand cost is around the same cost of Wave Accounting.

Which software includes more/better features?

We've compared SAP Financials On Demand Vs. Wave Accounting based on some of the most important and required Accounting & Finance features.

SAP Financials On Demand: Cash Flow, Cash flow/cash budget, Real Time Comparisons.

Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.

Target customer size

Financials OnDemand has been designed to target medium and large businesses and is primarily focused on the Finance departments in these organizations. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.