Shlomi Lavi /
Apr 14, 2022
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Bottom Line: Which is Better - Yodlee MoneyCenter or Wave Accounting?
Yodlee MoneyCenter is more expensive to implement (TCO) than Wave Accounting, and Wave Accounting is rated higher (97/100) than Yodlee MoneyCenter (90/100). Both tools offer the same amount of features.
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:
Yodlee Vs. Wave Accounting
Yodlee: Yodlee created the industry’s most scalable and robust personal finance data platform for powering innovation in financial services. Used by over 600 leading financial institutions and companies and more than 40 million consumers, Yodlee’s best-in class solutions remove the friction from financial management, delivering a more insightful, interacti...
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? Yodlee MoneyCenter 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 Yodlee MoneyCenter and Wave Accounting.
Yodlee MoneyCenter price starts at $350 per month , On a scale between 1 to 10 Yodlee MoneyCenter is rated 6, which is similar to 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 Yodlee MoneyCenter is rated 6, which is similar to the average cost of Accounting & Finance software.
Bottom line: Yodlee MoneyCenter is more expensive than Wave Accounting.
Which software includes more/better features?
We've compared Yodlee MoneyCenter Vs. Wave Accounting based on some of the most important and required Accounting & Finance features.
Yodlee MoneyCenter: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance.
Target customer size
Customers of the software include small and medium businesses and well as large enterprises. Wave Accountancy is perfect for small to medium companies with 9 or much less workers.