Compare Tipalti and Wave Accounting - Sep 2022

Shlomi LaviShlomi Lavi / Sep 20, 2022

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Bottom Line: Which is Better - Tipalti or Wave Accounting?

Wave Accounting is more expensive to implement (TCO) than Tipalti, and Wave Accounting is rated higher (97/100) than Tipalti (80/100). Tipalti offers users more features (10) than Wave Accounting (5).

Looking for the right Billing & Invoicing 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:

Tipalti Vs. Wave Accounting

Tipalti: Tipalti’s SaaS streamlines and automates the way companies make payments to the masses. Tipalti is a comprehensive solution that addresses all phases of pay-out from payee registration and payment method selection to funds disbursement, while keeping the payer in full tax and regulatory compliance. --Tipalti covers every country in the world; pa...

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? Tipalti or Wave Accounting?

The real total cost of ownership (TCO) of Billing & Invoicing 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 Tipalti and Wave Accounting.

Tipalti price starts at $149 per month , On a scale between 1 to 10 Tipalti is rated 2, which is much lower than the average cost of Billing & Invoicing software. Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Tipalti is rated 2, which is much lower than the average cost of Billing & Invoicing software.

Bottom line: Wave Accounting is more expensive than Tipalti.

Which software includes more/better features?

We've compared Tipalti Vs. Wave Accounting based on some of the most important and required Billing & Invoicing features.

Tipalti: Basic Reports, Custom UI, Dashboard, Email alerts, Accounts Payable, Billing & Invoicing, Purchase Orders, Core Accounting.

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

Target customer size

The software is a viable product for businesses of all sizes and a variety of types. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.



Tipalti

ITQlick rating
(4.6/5)

starts at $149 per month

Tipalti B2B payments automation software is a cloud-based accounting management solution designed to help the users automate their accounts payable process. Some of its core features include invoice automation,...

Categories: Accounting & Finance, Billing & Invoicing, Core Accounting, Digital Signature.

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

Tipalti: 10 Features

Basic Reports
Custom UI
Dashboard
Email alerts
Accounts Payable
Billing & Invoicing
Purchase Orders
Core Accounting
Accounting & Finance
Financial reporting

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
Tipalti
ITQlick rating
4.6/5
Score
80/100
Pricing
2/10
License pricing
$149 per month
Functionality
23
Compare
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Inv...
ITQlick rating
4.6/5
Score
91/100
Pricing
2.2/10
License pricing
Pricing not available
Functionality
14
ARIBA IN...
ITQlick rating
3.6/5
Score
90/100
Pricing
4.6/10
License pricing
$50 per month
Functionality
4
CannyBil...
ITQlick rating
3/5
Score
90/100
Pricing
6.6/10
License pricing
$7 per month
Functionality
4

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.