Finance AI Index
Index › Vendors › Wave › Alternatives · September 2026 Edition
Two categories · what the models named instead

Alternatives to Wave, as AI models named them

In the September 2026 Edition, 339 of the 432 answers collected in the two categories where Wave holds a standing named it neither as a first choice nor as an alternative. These are the products those answers put first, category by category and buyer by buyer. The output is the models' output.

Named instead, most often
Oracle NetSuite29
QuickBooks Online27
Sage Intacct26
Xero20
QuickBooks17
SAP S/4HANA13
First choices in the 339 answers that did not name Wave, every category and segment above added together; a product can be counted in several. Each category below keeps its own denominator.

Accounting software

Accounting and close. Six framings, twelve models, one answer each per buyer segment; an answer counts here when Wave is not its first choice or an alternative in it.
Small businessWave is #3 of 6 here at 18% of first choices, 36 labels.

Fifty-two of the seventy-two answers did not name Wave; it was the first choice in nine. The first choices in those fifty-two answers, five products in all:

QuickBooks Online25 of 52
Xero14 of 52
FreshBooks1 of 52
QuickBooks1 of 52
Zoho Books1 of 52Head to head →
The full small business standing →
Mid-marketWave is #2 of 10 here at 21% of first choices, 27 labels.

Fifty of the seventy-two answers did not name Wave; it was the first choice in ten. The first choices in those fifty answers, eight products in all:

Sage Intacct19 of 50Head to head →
Oracle NetSuite7 of 50Head to head →
Microsoft Dynamics 365 Business Central4 of 50Head to head →
Xero3 of 50
DualEntry2 of 50
QuickBooks Online2 of 50
FreshBooks1 of 50
Microsoft Dynamics 3651 of 50
The full mid-market standing →
EnterpriseWave holds 5 labels here, under the 10-label cutoff, so it is unranked.

Seventy-two of the seventy-two answers did not name Wave; it was the first choice in zero. The first choices in those seventy-two answers, nine products in all, the eight most named:

Oracle NetSuite22 of 72Head to head →
Acumatica9 of 72
SAP S/4HANA9 of 72
SAP S/4HANA Finance9 of 72
Oracle Fusion Cloud ERP6 of 72
Sage Intacct5 of 72Head to head →
Microsoft Dynamics 365 Finance2 of 72
Oracle Fusion Cloud Financials1 of 72
1 more in the record.The full enterprise standing →

Invoicing software

Receivables and billing. Six framings, twelve models, one answer each per buyer segment; an answer counts here when Wave is not its first choice or an alternative in it.
Small businessWave is #4 of 8 here at 14% of first choices, 48 labels.

Forty-two of the seventy-two answers did not name Wave; it was the first choice in nine. The first choices in those forty-two answers, four products in all:

QuickBooks10 of 42Head to head →
FreshBooks6 of 42
Zoho Invoice5 of 42Head to head →
Xero3 of 42Head to head →
The full small business standing →
Mid-marketWave is #1 of 10 here at 19% of first choices, 35 labels.

Fifty-one of the seventy-two answers did not name Wave; it was the first choice in nine. The first choices in those fifty-one answers, thirteen products in all, the eight most named:

BILL6 of 51Head to head →
Invoiced6 of 51Head to head →
QuickBooks6 of 51Head to head →
Sage Intacct2 of 51
Billforward1 of 51
Billtrust1 of 51
Chaser1 of 51
HighRadius1 of 51
5 more in the record.The full mid-market standing →
EnterpriseWave holds 6 labels here, under the 10-label cutoff, so it is unranked.

Seventy-two of the seventy-two answers did not name Wave; it was the first choice in zero. The first choices in those seventy-two answers, sixteen products in all, the eight most named:

NetSuite11 of 72
Tipalti7 of 72
HighRadius5 of 72
SAP S/4HANA4 of 72
Zuora4 of 72
Chargebee3 of 72
SAP Ariba3 of 72
BILL2 of 72Head to head →
8 more in the record.The full enterprise standing →

How to read this

A category is asked six ways of each of twelve models on behalf of each buyer segment, so a segment is seventy-two answers. An answer belongs on this page when the judge labeled Wave neither its first choice nor an alternative in it; the products listed are the first choices those answers made, counted once per answer. An answer that named nothing first, or named Wave only in passing, is in the denominator and adds to no product. The counts are not the category standing, which is on the category page with its share and rank; they are the same record read from Wave's side.

Every answer and every label is in the free record. The output is the models' output; nothing here is a recommendation by the index, and a product named instead of Wave was named by a model, not endorsed by anyone.

Wave's pageAll products