COMPARE

Chasivo vs Wave: What’s the best Invoice chasing tool?

Wave is a free accounting and invoicing platform owned by H&R Block. Chasivo is an invoice chasing platform with built-in invoicing. Wave handles your books at no cost. Chasivo handles the collection process that Wave’s basic reminders do not cover.

Start free

Chasivo vs Wave: side by side

Capabilities	Wave	Chasivo
Primary function	Free accounting and invoicing	Invoice chasing and collection with invoicing
Pricing	Free core features. Paid add-ons for payroll and payments	Free plan available. Paid plans from $19/month
Invoice creation	Professional invoices with custom branding, recurring billing, and online payment acceptance	Invoice creation with line items, tax, recurring, branded PDF, multiple types (Standard, Deposit, Milestone, Final)
Accounting features	Bank reconciliation, expense tracking, financial reports, receipt scanning	Not an accounting tool. Supports invoice and payment management with AR-focused reports
Payment reminders	Basic automated reminders. Same for all customers	AI-drafted follow-ups calibrated per customer based on payment history and escalation stage
Send from your own email	No. Sends from Wave	Yes. Sends from your own Gmail via OAuth
AI follow-up drafts	No	Yes. AI drafts with tone calibration and rejection feedback loop
Risk scoring	No	0 to 100 risk score per invoice, calculated before the due date
Customer profiling	Basic customer records	AI-generated payment profiles: average days to pay, warmth score, reliability rating
Per-customer chasing modes	No	Autopilot, Copilot, or Manual per customer. Invoice-level pause
Receipt scanning	Yes. Mobile receipt capture	No
Payroll	Yes. Paid add-on	No

Where they diverge

Same audience. Two different jobs.

Free accounting versus paid collection. Wave’s core value is that accounting and invoicing are free. For businesses that need basic bookkeeping and invoice creation without a monthly cost, Wave is a strong option. Chasivo’s free plan is limited to 3 customers and 10 invoices without AI features. The paid Solo plan starts at $19/month and includes the full collection layer.

Collection capability. Wave’s payment reminders are generic and schedule-based. Every customer receives the same email regardless of their payment history. Chasivo generates AI-drafted follow-ups that adapt per customer, scores each invoice’s risk before the due date, and sends from the user’s own Gmail address.

Complementary use. Wave handles accounting and invoicing well. Chasivo handles collection well. Businesses that use Wave for their books can export invoice data and import into Chasivo for AI-powered follow-ups and risk scoring. Direct Wave integration is on the roadmap.

THE HONEST ANSWER

Choose based on your situation.

Wave is a better fit if:

You need free accounting and invoicing with no monthly cost. Basic payment reminders are sufficient. Your customers generally pay on time and active collection is not a significant concern.

Chasivo is a better fit if:

Getting paid on time is the problem, not creating invoices. You want AI follow-ups, risk scoring, and customer profiling. You can use Chasivo alongside Wave or as a standalone invoicing and collection tool.

Chasivo vs Wave: which one should you pick? It depends on the job you are hiring the tool for. Chasivo vs Wave comes down to whether you need to get invoices paid (Chasivo) or something Wave does as its primary job. Read the side-by-side above and pick the tool that matches your actual workflow.

Can Chasivo and Wave work together? In many cases, yes. Chasivo vs Wave is not always either-or. Keep Wave for what it does well, add Chasivo for the follow-up work that Wave does not handle natively.

Try Chasivo now.