CMiC
CMiC provides a unified construction management platform that integrates financial accounting and project management into a single database to help you streamline complex building projects.
Wave
Wave is a comprehensive financial management software providing small business owners with integrated tools for accounting, invoicing, payroll, and payment processing to simplify bookkeeping and improve cash flow management.
Quick Comparison
| Feature | CMiC | Wave |
|---|---|---|
| Website | cmicglobal.com | waveapps.com |
| Pricing Model | Custom | Freemium |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1974 | 2010 |
| Headquarters | Toronto, Canada | Toronto, Canada |
Overview
CMiC
CMiC is a comprehensive construction ERP designed to help you manage every aspect of your building projects from a single source of truth. By eliminating the gap between your field operations and back-office finance, you can track costs in real-time and ensure your project data remains consistent across all departments. You can handle complex tasks like multi-entity accounting, payroll, and resource planning without switching between disconnected tools.
The platform is built specifically for the construction industry, catering to general contractors and specialty trades who need to scale their operations. You can manage document workflows, track submittals, and monitor job site productivity through a centralized dashboard. Whether you are overseeing a single large-scale development or a portfolio of diverse projects, it provides the visibility you need to protect your margins and stay on schedule.
Wave
Wave is a specialized financial platform designed to help you manage your small business money without the complexity of traditional accounting suites. You can track your income and expenses, create professional invoices, and scan receipts directly from your phone. It solves the headache of manual bookkeeping by automatically syncing your bank transactions and categorizing them for tax season.
The platform is built specifically for freelancers, consultants, and businesses with only a few employees who need a clear view of their profitability. You can manage multiple businesses under one account and invite your accountant to collaborate on your books. While the core accounting features are free, you can add paid services like payroll or credit card processing as your business grows.
Overview
CMiC Features
- Unified Financials Manage your general ledger, accounts payable, and receivable within a system built specifically for construction accounting standards.
- Project Management Track RFIs, submittals, and daily journals from the field to keep your project teams and stakeholders perfectly aligned.
- Resource Planning Allocate your labor and equipment across multiple job sites to maximize utilization and prevent costly scheduling conflicts.
- Mobile Field Tools Capture data directly from the job site using mobile apps that sync instantly with your back-office financial records.
- Opportunity Management Track your lead pipeline and manage bids effectively to ensure you are winning the most profitable construction contracts.
- Human Capital Management Handle complex union payroll, benefits, and employee certifications while staying compliant with local labor regulations and reporting.
Wave Features
- Unlimited Invoicing. Create and send professional, customized invoices to your clients in seconds and track their payment status in real-time.
- Automated Bookkeeping. Connect your bank accounts to automatically import transactions and keep your books up to date without manual entry.
- Receipt Scanning. Snap photos of your receipts with the mobile app to automatically capture expense details and stay organized for tax time.
- Online Payments. Accept credit cards and bank transfers directly through your invoices so your customers can pay you with one click.
- Financial Reporting. Generate instant profit and loss statements, balance sheets, and cash flow reports to understand your business health.
- Payroll Integration. Pay your employees and contractors easily while Wave handles the tax filings and payments in supported regions.
Pricing Comparison
CMiC Pricing
Wave Pricing
- Unlimited invoicing
- Unlimited bookkeeping
- Bank connection sync
- Unlimited receipt scanning
- Exportable accounting reports
- Everything in Starter, plus:
- Auto-merge and categorize receipts
- Automated bank transaction imports
- Unlimited additional users
- Discounted payment processing rates
Pros & Cons
CMiC
Pros
- Single database eliminates data silos between departments
- Extremely deep functionality for complex accounting needs
- Strong reporting capabilities for multi-entity organizations
- Industry-specific features like union payroll management
- Highly scalable for growing construction enterprises
Cons
- Significant learning curve for new team members
- Implementation process requires substantial time and resources
- User interface can feel dated compared to newer apps
Wave
Pros
- Core accounting and invoicing features are completely free
- User interface is clean and easy to navigate
- Mobile app makes receipt scanning very convenient
- Setup process is quick for non-accountants
Cons
- Customer support is limited for free users
- Payroll features are only available in specific regions
- Lacks advanced inventory management for product sellers