Compare Wave Accounting and Accounts Payable Automation - Apr 2022

Shlomi LaviShlomi Lavi / Apr 14, 2022

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Bottom Line: Which is Better - Wave Accounting or Accounts Payable Automation?

Accounts Payable Automation is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than Accounts Payable Automation (88/100). Wave Accounting offers users more features (5) than Accounts Payable Automation (4). There is a clear winner in this case and it is Wave Accounting!

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:

Wave Accounting Vs. ReadSoft

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.

ReadSoft : ReadSoft has been a pioneer in P2P invoice automation since the 1990s, when the company first brought free-form technology for invoice processing to market. Today, ReadSoft continues to be a global leader in business document process automation, with 2,500+ accounts payable solution applications worldwide – more than double the total applications o...

Who is more expensive? Wave Accounting or Accounts Payable Automation Software?

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 Wave Accounting and Accounts Payable Automation Software.

Wave Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Wave Accounting is rated 4, which is lower than the average cost of Core Accounting software. Accounts Payable Automation Software price starts at $595 per license , When comparing Accounts Payable Automation Software to its competitors, the software is rated 6 - similar to the average Core Accounting software cost.

Bottom line: Accounts Payable Automation Software is more expensive than Wave Accounting.

Which software includes more/better features?

We've compared Wave Accounting Vs. Accounts Payable Automation based on some of the most important and required Core Accounting features.

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

Accounts Payable Automation Software: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.

Target customer size

Wave Accountancy is perfect for small to medium companies with 9 or much less workers. Customers of the software include businesses of all sizes and a variety of types from all over the world.

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.

Accounts Payable Automation

ITQlick rating
(4.4/5)

starts at $595 per license

ReadSoft Accounts Payable Automation is an accounting automation solution for businesses of all sizes. Its capabilities include payment management, invoice management, digital processing, and others. The softwa...

Categories: Core Accounting.

Compare specifications

Compare features

Wave Accounting: 5 Features

Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Tax compliance

Accounts Payable Automation Software: 4 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Fixed-Assets
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
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FreshBooks
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Score
95/100
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28

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.