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Software · head to head

Prospect vs Wave

Prospect logo

Prospect

Software

VR for architectural visualization

From
$225/month
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: Prospect no longer available as a standalone product; has been discontinued and replaced by other solutions; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: Prospect covers BIM visualization, Wave covers Double-entry accounting.

Where they differ

Only the attributes on which Prospect and Wave actually diverge.

Attributes where Prospect and Wave differ
AttributeProspectWave
Starting price$225/monthFree
Pricing modelUnknownfreemium
Free tierNoYes
PlatformsVR Headsets (Oculus Rift, HTC Vive, Meta Quest)Web, 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 Prospect

  • BIM visualization
  • Real-scale viewing
  • Collaboration
  • Annotations
  • Revit
  • SketchUp
  • Rhino
  • Navisworks

Only in Wave

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

What people use each for

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

Prospect

  • VR Gamingnot Wave
  • AR Marketingnot Wave
  • Virtual Trainingnot Wave
  • 3D Visualizationnot Wave
  • Immersive Experiencesnot Wave

Wave

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

Where each one falls short

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

Prospect

  • No longer available as a standalone product; has been discontinued and replaced by other solutions
  • Acquisition by The Wild in 2021 resulted in product discontinuation and transition to Workshop XR
  • No ongoing development, bug fixes, or feature updates since acquisition

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

Prospect

$225/month
  • Team$350/month
    • Multiuser VR collaboration
    • Design review tools
    • Voice communication

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 Prospect if

  • You need bim visualization.
  • You work on VR Headsets (Oculus Rift, HTC Vive, Meta Quest).
  • You also want real-scale viewing.
Prospect 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 Prospect or Wave better?
Neither clearly leads. Prospect starts at $225/month and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Prospect or Wave?
Wave has a free tier; the other does not. Paid plans start at $225/month for Prospect and Free for Wave.
Does Prospect or Wave run on more platforms?
Prospect runs on VR Headsets (Oculus Rift, HTC Vive, Meta Quest). 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. Prospect starts at $225/month.
What is Prospect best used for?
Prospect is most often used for vr gaming, ar marketing, virtual training, 3d visualization. Of those, vr gaming and ar marketing are not what Wave is typically brought in for.
What can Prospect do that Wave cannot?
Prospect covers BIM visualization, Real-scale viewing, Collaboration, Annotations. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting.

Answered from the vendors’ own pages

Prospect: What is Prospect by IrisVR?

Prospect was an immersive VR application that converted 3D design files from Revit, Rhino, SketchUp, and Navisworks into virtual reality walkthroughs with one click. It enabled AEC teams to conduct design reviews, collaborate in VR, and present projects to clients immersively.

Source
Prospect: Is Prospect still available?

No. Prospect by IrisVR was acquired by The Wild in February 2021 and has been discontinued. Autodesk Workshop XR is now the recommended successor for AEC teams migrating from Prospect.

Source
Prospect: How was Prospect priced?

Prospect's Team plan cost approximately $350 per workstation per month when billed annually. Earlier pricing information from 2020 showed starting prices around $225. Custom enterprise pricing was available.

Source
Prospect: What VR headsets did Prospect support?

Prospect was compatible with major VR headsets including Oculus Rift, HTC Vive, and later Meta Quest. Support depended on the runtime and connection method available.

Source
Prospect: What was Prospect's biggest advantage?

Prospect's one-click conversion from native design files (Revit, Rhino, SketchUp) into immersive VR experiences was its primary value proposition, enabling non-VR specialists to easily create compelling design reviews and client presentations.

Source
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