Compare Thinking Cap LMS and Wave Accounting - Feb 2023

Shlomi LaviShlomi Lavi / Feb 27, 2023

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Bottom Line: Which is Better - Thinking Cap LMS or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Thinking Cap LMS, and Wave Accounting is rated higher (97/100) than Thinking Cap LMS (91/100). Thinking Cap LMS offers users more features (13) than Wave Accounting (5).

Looking for the right LMS 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:

Thinking Cap Vs. Wave Accounting

Thinking Cap: Thinking Cap was founded in the spring of 2001. In 2003, Thinking Cap launched the first versions of Thinking Cap® Author and Thinking Cap LMS. Without a customer, we made the investment to create the first XML-based eLearning system. This was done for one reason - it was needed. With over 70 commercial and open source Authoring Tools and LMS produ...

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? Thinking Cap LMS or Wave Accounting?

The real total cost of ownership (TCO) of LMS 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 Thinking Cap LMS and Wave Accounting.

Thinking Cap LMS price starts at $12,000 per year , On a scale between 1 to 10 Thinking Cap LMS is rated 4, which is lower than the average cost of LMS software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Thinking Cap LMS is rated 4, which is lower than the average cost of LMS software.

Bottom line: Thinking Cap LMS cost is around the same cost of Wave Accounting.

Which software includes more/better features?

We've compared Thinking Cap LMS Vs. Wave Accounting based on some of the most important and required LMS features.

Thinking Cap LMS: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Blended Learning, Career Tracking, Collaboration Management, Course Catalog, Course Interactivity, Custom Functionality, eLearning, Individual-Based Plans.

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

Target customer size

Thinking Cap LMS serves a variety of industries, including healthcare, government, education, and corporate training. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.

Thinking Cap LMS

ITQlick rating
(4.2/5)

starts at $12,000 per year

Thinking Caps is a cloud-based learning management solution designed for medium and large corporate, nonprofit and government institutions. The core features include learning management, reporting, and branding...

Categories: LMS.

Wave Accounting

ITQlick rating
(4.4/5)

Wave Accounting software is a fully integrated, web-based accounting solution tailored exclusively for small organizations. The software allows the users to access their documents any time from anywhere.

Categories: Accounting & Finance, Core Accounting, Medical Accounting.

Compare specifications

Compare features

Thinking Cap LMS: 13 Features

Blended Learning
Career Tracking
Collaboration Management
Course Catalog
Course Interactivity
Custom Functionality
eLearning
Individual-Based Plans
Legacy System Integration
Performance Assessment
Skills Assessment
Training Metrics
User Access Controls

Wave Accounting: 5 Features

Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Tax compliance
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Thinking...
ITQlick rating
4.2/5
Score
91/100
Pricing
5.6/10
License pricing
$12,000 per year
Functionality
14
Compare
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Coassemb...
ITQlick rating
4.6/5
Score
94/100
Pricing
3/10
License pricing
$50 per month
Functionality
4
coggno t...
ITQlick rating
4.6/5
Score
92/100
Pricing
6.6/10
License pricing
$199 per month
Functionality
16
Finalsit...
ITQlick rating
4.8/5
Score
92/100
Pricing
6/10
License pricing
$3,000 per license
Functionality
3

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.