--- description: Review of Wave Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice Ireland. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Wave | Reviews, Pricing & Demos - SoftwareAdvice IE --- Breadcrumb: [Home](/) > [Idea Management Software](/directory/4500/idea-management/software) > [Wave](/software/468692/Wave) # Wave Canonical: https://www.softwareadvice.ie/software/468692/Wave Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.ie/software/468692/Wave?page=2) > Wave is an idea management software that helps organizations capture, collaborate, evaluate, refine, select and nurture ideas. It enables organizations to build sustainable innovation and improve their efficiencies, operations and new product launches. Wave includes end-to-end idea management features and has gamification elements to engage the workforce and foster a company-wide culture of innovation. It provides automatic duplicate detection to avoid redundancy. Additionally, the platform offers analytics and insights, enabling organizations to make informed decisions about their innovation efforts. > > Verdict: Rated **4.4/5** by 17 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.4/5** | 17 Reviews | | Ease of Use | 4.4/5 | Based on overall reviews | | Customer Support | 4.1/5 | Based on overall reviews | | Value for Money | 4.7/5 | Based on overall reviews | | Features | 4.2/5 | Based on overall reviews | | Recommendation percentage | 80% | (8/10 Likelihood to recommend) | ## About the vendor - **Company**: BotCore ## Commercial Context - **Pricing model**: Other - **Target Audience**: Self Employed, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: English - **Available Countries**: India ## Features - Activity/News Feed - Approval Workflow - Collaboration Tools - Gamification - Idea Collection - Idea Ranking - Mind Maps - Status Tracking ## Support Options - Email/Help Desk - Phone Support ## Category - [Idea Management Software](https://www.softwareadvice.ie/directory/4500/idea-management/software) ## Alternatives 1. 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WAVE does offer reports but gears toward small businesses or sole proprietors. The accounting features are limited compared to software such as Quickbooks or Xero. To set up the accounting, you'll need to be familiar with accounting. If you fully utilize the software, be sure to review the entries at least weekly to keep up and to ensure accuracy. Wave is set up to integrate your Paypal transactions along with importing your bank account(s). Payroll has been added too with features of direct deposit transactions and timesheets. I recommend using WAVE for small business, freelancers, and sole proprietors due to cost, invoicing, and accounting needs for service oriented businesses. > > **Cons**: For billing, I wish WAVE offered a column for date and flat rate option. Sometimes the bank importing does not work, therefore, the accounting information may be inaccurate which could be costly for tax preparation and planning. > > It's FREE and great for invoicing\! ----- ### "Wave accounting software for small business" — 5.0/5 > **Cliff** | *6 November 2019* | Marketing & Advertising | Recommendation rating: 10.0/10 > > **Pros**: This online software has more than everything you'll need for a small business to get going. I especially love how I can automate and send invoices which I can get paid for online via credit card or buy paper check in the mail. It also keeps track of your expenses after you input the data for easy tax preparation. > > **Cons**: there are one or two tiny bugs that maybe a few times a year are screwy when sending an automated invoice. For example. The person I send my automated invoices to had left the company and updating the email address did not fix the problem. I have to go in and close the customer and then reopen it to enter the new email address. Overall though, not a biggie for a free product. > > I'm super happy with wave\! I will continue to use it until I absolutely outgrow all the features\! ----- ### "Serious problems with Wave Payments and its Risk Team" — 1.0/5 > **Kathryn** | *4 August 2026* | Environmental Services | Recommendation rating: 0.0/10 > > **Pros**: The invoicing and accounting interface had previously been convenient but not worth their holding onto funds for 70 days. > > **Cons**: The payment hold, intrusive documentation demands, lack of individualized review, repeated template responses, and refusal either to remit or promptly return the client’s funds. They took the authorized 1% fee for an invoice payment and then said they would hold onto the funds for 70 days on a paid account. Unacceptable. > > I selected Wave to reduce the time spent on invoicing and accounting. After years of use, Wave’s handling of one legitimate payment caused more administrative burden than the service was worth. On July 24, 2026, a large US law firm client paid a $15,669.83 invoice generated through Wave. Wave charged the approved 1% fee but did not transfer the proceeds. Wave subsequently demanded: The signed client agreement; Client emails, texts, and other correspondence; Confirmation that services were performed and that the client was satisfied; Three months of bank statements; Identity verification; Business-registration documents; Refund and cancellation policies; Marketing and client-acquisition information; and Historical payment-processing information. Wave already had the invoice, the linked bank account, years of account history, and my company’s historical invoicing data. This invoice was smaller than the average invoice issued by my business. Because my work involved expert consulting in litigation, the requested contract and correspondence could include confidential information, attorney work product, or privileged communications. I explained that I was not authorized to disclose those materials and asked Wave to rely on the information already in its possession and publicly available corporate records. The Risk Team did not respond to my specific questions. Instead, it repeatedly resent the original generic checklist. Wave eventually said it would hold the payment for 70 days and then refund it to the client if the payment had not been returned during that period. Wave also stated that it could not reverse or refund the payment sooner. Apparently this is all part of Wave's publicly announced corporate review of all its accounts and nothing unique to us, but as a paying account with years of experience with Wave, you would think we would be accorded a little more courtesy. I disabled Wave payment processing for all other clients because I could not risk additional payments being accepted and held. My client was then forced to contact its bank to attempt to recover money that it had properly paid. Absolutely not worth it. ----- ### "Great software" — 4.0/5 > **Stephan** | *12 May 2020* | Real Estate | Recommendation rating: 9.0/10 > > **Pros**: Complete package, all you need. Linked into banks, credit cards, etc. All you need. Very easy to get started on bookkeeping. Works great with foreign currency. > > **Cons**: A bit unflexible, but as it is free, I can work with it (would love more templates for invoices and customizable dashboard). > > Very stable, great product. I use it for various small companies. ----- ### "I love Wave because I run my own business, hate accounting, and it does the work for me\!\!" — 5.0/5 > **Kirby** | *12 March 2019* | Writing & Editing | Recommendation rating: 10.0/10 > > **Pros**: It lets me leave it alone\! It does all the work for me\! I don't have to check it every day or every month\! I can spend a few hours before tax day every year with Wave, and I am super relieved to see it's been following along with my transactions, tracking and logging what I've done, linked the bank accounts, intuitively followed my suggestions on what charges go into what categories, etc. I travel full time too, so I have alot of random business transactions. Wave is perfect for my needs. It's super intuitive, very easy, and it's FREE\! > > **Cons**: There's nothing not to like. Even someone like me, who hates accounting and hates doing taxes, hates checking on this stuff...even I don't mind my tax season with Wave. If it's made me not dread tax season, there's nothing not to love\! > > I own my own business. Wave has saved me every year with its quiet, in the background tracking. Every six months I worry that I should be doing more, paying more attention to my transactions and tracking them, then I open Wave...worried...but I see that Wave has it all under control. With a few clicks, I approve and categorize what I spent money on, what I paid my freelancers, etc. Then, I close it down and don't even think about it again for six months. Wave lets me do what I do best—run my creative business. It handles the scary stuff—accounting and easy tax season. ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.ie/software/468692/Wave?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.ie/software/468692/Wave) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data