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User review of Wave

REAL Disappointment on Critical Features

- by Charles Wilson

USER SATISFACTION

RECOMMENDATION
2 out of 7
Very unlikely
COST EFFICENCY
5out of 7
Good
OVERALL IMPRESSION
2out of 5
mediocre
EASE OF USE
2out of 5
mediocre
CUSTOMER SUPPORT
1out of 5
very poor

PROS & CONS

What are the best aspects of this product?

Payout policy is ridiculous. I was paid more than a week ago from a customer who has paid me through their system many times before. It's now day 8, no support other than, "that's just how long it takes", and I have overdraft fees of over $200 piling every day because I expected the payment to clear a week ago.

What aspects are problematic or could work better?

Releasing my money on a reasonable schedule.

What features/services would you like to see in future versions of this product?

How about being able to track the one account I actually use for my business instead of showing all of them at once and having reports conflate data from multiple accounts? Advice from support was "you're going to need to open up a separate bank account if you want to track this business separate from your other bank accounts." Really? Am I really the only with multiple bank accounts at the same institution looking to use and isolate only one of them to run the books for my business?

What specific problems in your company were solved by this product?

accepting payment - only now I regret that for the reasons described above.

Are you a current user of this product?

Yes

USER DETAILS

How long have you been using this product?

Less than 1 year

COMPANY DETAILS

What is your company size?

1-10 Employees

USAGE & IMPLEMENTATION

How did your company implement this product?

in the cloud

How long did it take to set up this product?

less than 1 day

How many people in your company actively use this product?

just me

What is the primary use of this product in your company?

mostly B2B

EFFECT ON BUSINESS GOALS:

How did using this product affect your business goals?

  • It offers access to and analysis of accounting reports.

PRICING & COSTS

What was the cost of implementing this product?

free

What is your total annual cost for using this product?

na

How long is your contract with the vendor?

1 month

Did you get any discount for this product? How much?

no

FEATURE DETAILS

General Ledger

Journal Entries
2
mediocre
Tags/Dimensions
2
mediocre
Audit Trail
1
very poor

Accounts Receivables

Invoice Customization
2
mediocre
AR Automation
2
mediocre
Collections Automation
2
mediocre

Accounts Payable

AP Automation
2
mediocre
Payment Processing
2
mediocre

Reporting and Analytics

Financial Statements
1
very poor
Custom Reporting
1
very poor
Budgeting/Forecasting
1
very poor
Dashboards
1
very poor

Platform

Customization
1
very poor
Workflow Capability
2
mediocre
User, Role, and Access Management
2
mediocre
Output Document Generation
1
very poor