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Software · head to head

Loopio vs Wave

Loopio logo

Loopio

Software

RFP Response Software

From
$20000/year
Rated
-
Full reviewWebsite
Wave logo

Wave

Software

Financial software for small businesses

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Wave has a free tier, so it costs nothing to try first.
  • Each has a real cost: Loopio export formatting causes issues with document appearance in client deliverables; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: Loopio covers Content library, Wave covers Double-entry accounting.

Where they differ

Only the attributes on which Loopio and Wave actually diverge.

Attributes where Loopio and Wave differ
AttributeLoopioWave
Starting price$20000/yearFree
Pricing modelUnknownfreemium
Free tierNoYes
PlatformsWebWeb, Ios, Android
Founded20142010

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Loopio

  • Content library
  • RFP automation
  • Collaboration
  • Analytics
  • AI suggestions
  • Salesforce
  • Slack
  • Google Drive

Only in Wave

  • Double-entry accounting
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Bank reconciliation
  • Receipt scanning
  • Multi-currency
  • Sales tax tracking

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Loopio

  • Customer Successnot Wave
  • Rfp Responsenot Wave
  • Content Librarynot Wave

Wave

  • Invoicing and bookkeeping for very small businesses and freelancersnot Loopio
  • Accepting card payments against issued invoicesnot Loopio

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Loopio

  • Export formatting causes issues with document appearance in client deliverables
  • Content library responses often end up generic and bland without bespoke customization
  • AI response suggestions frequently incorrect, requiring extensive manual review
  • Collaborators cannot comment on specific paragraphs or ask questions inline

Wave

  • Automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • The free plan pays a $0.60 per transaction fee on card payments on top of 2.9%, which Pro waives only for the first 10 transactions a month
  • Beyond 10 transactions a month the Pro plan pays the same per transaction fee as the free one
  • Amex is charged at 3.4% rather than 2.9% on both plans

Pricing, plan by plan

Loopio

$20000/year

No published plan breakdown. See the Loopio review.

Wave

Free
  • AccountingFree
    • Unlimited invoicing
    • Expense tracking
    • Financial reports
  • Payments$undefined/transaction
    • 2.9% + $0.60 per transaction
    • Credit card processing
    • Bank payments (1%)
  • Payroll$35/month
    • $35/month base + $6/employee
    • Tax calculations
    • Direct deposit

Which should you pick?

Choose Loopio if

  • You need content library.
  • You also want rfp automation.
Loopio review

Choose Wave if

  • You need double-entry accounting.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want invoicing.
Wave review

Questions people ask

Is Loopio or Wave better?
Neither clearly leads. Loopio starts at $20000/year and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Loopio or Wave?
Wave has a free tier; the other does not. Paid plans start at $20000/year for Loopio and Free for Wave.
Does Loopio or Wave run on more platforms?
Loopio runs on Web. Wave runs on Web, Ios, Android.
Can I use Wave for free?
Yes. Wave has a free tier, so you can try it without paying. Loopio starts at $20000/year.
What is Loopio best used for?
Loopio is most often used for customer success, rfp response, content library. Of those, customer success and rfp response are not what Wave is typically brought in for.
What can Loopio do that Wave cannot?
Loopio covers Content library, RFP automation, Collaboration, Analytics. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting. Both handle Web support.

Answered from the vendors’ own pages

Loopio: What does Loopio do?

Loopio is RFP response management software that helps enterprises scale their response process for RFPs, RFIs, Security Questionnaires, and similar requests with AI-powered answer suggestions from approved content libraries.

Source
Loopio: How much does Loopio cost?

Entry pricing for the Foundations plan is estimated around $20,000 per year for 10 seats. Median contract is approximately $22,786 annually with range from $11,000 to over $55,000 depending on team size and tier.

Source
Loopio: What integrations does Loopio support?

Loopio integrates with Salesforce, Slack, Microsoft Teams, Google Drive, SharePoint, OneDrive, Box, Word, PowerPoint, Excel, and SSO providers like Okta, Microsoft Azure, and Auth0.

Source
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Related pages

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