tech from europe
vsWave

Collmex vs Wave

Last updated August 2026

Looking for a European alternative to Wave? Here's how Collmex compares, on EU hosting, GDPR and what it does.

Our pick for a European buyer: Collmex. We weight data residency, GDPR and EU jurisdiction above everything else — that is the constraint this directory exists to solve.

Collmex
Wave
What it is
German cloud accounting with VAT returns and online banking
not established
Headquarters
🇩🇪 DE
No
EU data residency
Yes, for all customersCologne (DE)
not established
DSGVO / GDPR
Yes
not established
Certifications
ISO 27001
not established
Price from
€8.95/month/mo
not established
Free plan
Yes
not established
Open Source
No
not established
Ratings
OMR 3.92/5 (6)
No
Integrations
eBay, Shopify, WooCommerce, Magento, Shopware +8
not established

We have not yet completed our own research on Wave; rows above show only what we can evidence. Check the vendor for specifics.

Where each one wins

Collmex

Strengths

  • +Comprehensive feature set covering invoicing, bookkeeping, inventory and project management
  • +Flexibility to manage multiple companies within one account
  • +Customizable workflows tailored to individual business needs
  • +Automated invoice suggestions and payment processing
  • +Integrations with Shopify, WooCommerce and online banking
  • +Mobile access for on-the-go management
  • +Straightforward online documentation

Limitations

  • −Interface can be overwhelming for beginners with a steep learning curve
  • −Email-based invoice storage requires constant account linking and is impractical for many workflows
  • −Missing some necessary integrations

Wave

Review sentiment not yet compiled.

Data residency & compliance

Collmex
Wave
EU data residency
Yes, for all customersCologne (DE)
not established
Transfer mechanism
Not required — data stays in the EU
not established
DPA
Published →
not established
Sub-processors
not established
not established
Certifications
ISO 27001
No

Pricing

Collmex

  • Komplettpaket Basic €16.95/month per month, excl. VAT1 Administrator, 1 Bookkeeper, 1 Tax Auditor · 100,000 document storage · No additional users
  • Komplettpaket Plus €24.95/month per month, excl. VAT1 Administrator, 1 Bookkeeper, 1 Tax Auditor · 100,000 document storage · No additional users
  • Komplettpaket Pro €46.95/month per month, excl. VAT1 Administrator, 1 Bookkeeper, 1 Tax Auditor · 50 Employee Portal users · 100,000 document storage
  • Buchhaltung Free Free per month, excl. VAT1 Administrator · 100,000 bookings storage · No additional users or storage
  • Buchhaltung Light €8.95/month per month, excl. VAT1 Administrator, 1 Bookkeeper, 1 Tax Auditor · 100,000 bookings storage · Additional storage: €11.95/month per 100,000 bookings
  • Buchhaltung Basic €11.95/month per month, excl. VAT1 Administrator, 1 Bookkeeper, 1 Tax Auditor · 25 Employee Portal users · 100,000 bookings storage
  • Rechnung Free Free per month, excl. VAT1 Administrator, 1 Tax Auditor · 100,000 document storage · No additional users or storage
  • Rechnung Basic €8.95/month per month, excl. VAT1 Administrator, 1 Tax Auditor · 100,000 document storage · Additional storage: €11.95/month per 100,000 documents
  • Rechnung Plus €11.95/month per month, excl. VAT1 Administrator, 1 Tax Auditor · 100,000 document storage · Additional storage: €11.95/month per 100,000 documents

All plans exclude VAT. 30-day free trial available for all products.

Wave

No published pricing we could verify.

Features

Collmex

Accounting & Bookkeeping
Online accounting with balance sheets, VAT returns, and asset accounting, Automated tax report generation and compliance, Bank reconciliation and HBCI online banking integration, Accounts payable and receivable management
Invoicing & Billing
Automated invoice generation with customizable templates, Recurring invoice scheduling, Management of invoices, offers, and dunning notices, Automated VAT and tax calculations
Inventory & Merchandise Management
Inventory tracking and management, Purchase order management, Project accounting, Multi-channel order consolidation via integrations
ERP & Business Management
Complete ERP including CRM, project management, and merchandise management, Employee portal (Pro plan only), Cloud-based access from any device, no installation required, Multi-user collaboration with role-based access
Club Management
Member administration, Automatic contribution billing, Integrated HBCI banking, Complete bookkeeping for clubs

Wave

Feature breakdown not yet compiled.

See Collmex →More Wave alternatives