Compare Standard ERP and Wave Accounting - Jul 2022

Shlomi Lavi

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Bottom Line: Which is Better - Standard ERP or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Standard ERP, and Wave Accounting is rated higher (97/100) than Standard ERP (82/100). Standard ERP offers users more features (9) than Wave Accounting (5).

Looking for the right Core Accounting 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:

HansaWorld Vs. Wave Accounting

HansaWorld: HansaWorld is a leading software house providing a full suite of Enterprise Resource Planning and Customer Relationship Management products that delivers the flexibility required by today’s businesses. The group employs more than 300 staff with a strong network of subsidiary companies and distribution partners on all continents. This network ena...

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? Standard ERP or Wave Accounting?

The real total cost of ownership (TCO) of Core Accounting 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 Standard ERP and Wave Accounting.

Standard ERP accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Standard ERP is rated 2, which is much lower than the average cost of Core Accounting software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Standard ERP is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line: Wave Accounting is more expensive than Standard ERP.

Which software includes more/better features?

We've compared Standard ERP Vs. Wave Accounting based on some of the most important and required Core Accounting features.

Standard ERP: Accounting Module, Business Intelligence Module, CRM Module, Human Resources Module, Inventory Management Module, Manufacturing Module, Procurement Module, Project Management Module.

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

Target customer size

Standard ERP's typical customers include: SMBs, Wave Accountancy is perfect for small to medium companies with 9 or much less workers.