TMCnet News
Wave Launches New Set of Online ToolsDec 20, 2012 (Close-Up Media via COMTEX) -- Wave, a cloud-based provider of business finance tools to nearly half a million small business customers worldwide, has launched a set of online tools available in the marketplace. According to a release, Wave's complete portfolio of applications and features are now unified in a seamlessly integrated solution that is available at waveapps.com. By centralizing everything a small business owner needs in one convenient online location, the Company said it allows users to manage invoicing, accounting, payroll, payments, receipt management and more. Now small business owners, contractors, consultants, entrepreneurs and microbusiness owners can run their businesses. "There is a world of difference between the needs of a five-person company and a 55-person company," said Kirk Simpson, co-founder and CEO of Wave. "When we say 'made for small business,' we mean Wave is really built to work the way a small business owner wants their tools to work. This includes the one-person shops and 'solopreneurs' that make up more than half of small businesses in North America. Wave liberates small business owners from time consuming tasks with smart, integrated cloud-based software that saves time and money and eases frustration." Wave's accounting tools have already changed the way nearly half a million businesses around the world do accounting and bookkeeping. With the announcement, Wave addresses the most common pain points for small business owners by bringing together new features in accounting, invoicing and receipt management, all completely free. Business owners can now use these tools in the cloud anywhere, on any kind of computer, without ever having to stop what they're working on to download updates. Wave noted that its invoicing includes all the tools most freelancers, consultants and contractors need, including invoice customization, choice of currency, and the ability to seamlessly convert estimates and quotes into invoices. There are no limits on the number of invoices or customers a Wave user can have — it's all part of the suite of free features. A companion receipt scanning mobile app is scheduled to be available for the public in early 2013. With Wave's receipt scanning tool on iOS and Android, business owners will be able to submit their receipts via mobile devices. When they take a picture of the receipt on their mobile device or submit receipts via email, Wave turns these items into digital transactions in the accounting platform. It's another way Wave helps business owners cut clutter, paperwork and manual entry. This mobile app and service will be free, with a paid option for customers who want the digitization to be manually double-checked. For U.S. and Canadian users, the Company said its payroll tool is an all-inclusive platform that keeps employers compliant with taxes and deductions while saving time and money. The iOS companion app to the online payroll software is scheduled for release in early 2013. With payroll on iOS, business owners can run a payroll on the go from any location. Features include the ability to view payroll history and paystubs, and receive payroll reminders and notifications if an error occurs during a bank transfer. Employees can also view paystubs on their iPhones, and receive notifications once they've been paid. Wave noted that it has incorporated credit card payment functionality that's simple to set up, with a completely transparent fee structure. Wave customers can now send invoices with a "Pay Now" option, which lets their clients pay by any credit card. The invoice records are adjusted to reflect the payment, and funds are deposited to the Wave customers account seamlessly after processing. For those who run their own small business, personal finances frequently overlap, if a distinction is made at all. Most business owners don't properly separate their business and personal expenses, making it almost impossible to get accurate information about their business' financial health. Wave allows users to assign expenses where they belong, doing all of the accounting calculations in the background to ensure the books are correct. Wave's personal finance tools also help small business owners keep track of budgets, income and expenses, all in one place. "If you ask someone to describe a small business, they'd talk about the couple who runs the corner store, or the freelance web designer working in the same loft space they live in downtown," said Simpson. "That kind of a company with nine employees or less makes up 95 percent of small businesses, according to the most current U.S. census data. We took our portfolio of products to the next level to support these companies with a smart, integrated small business platform so they can focus on the more enjoyable aspects of running a successful business." Wave provides integrated online applications that help small business owners around the world run their businesses. More information: waveapps.com ((Comments on this story may be sent to [email protected])) |