Keep your inventory up to date by synchronising your stock levels.
Synchronise contacts and customers between your applications.
Replicate your invoices and save your important data.
Keep control of your accounting by exporting your transactions.
No need for a plugin, as Magento Commerce offers an API, which enables businesses to integrate the software with various third-party enterprise resource planning (ERP) applications, by communicating directly with the open API.
Using Magento Commerce's business intelligence (BI) tools, sales professionals can consolidate data from multiple sources to gain a 360-degree view of all operational processes. Administrators can use the dashboard to analyze various metrics such as customer lifetime value, repeat order probability and high-performing products. Other features include brand management, reporting, regulatory compliance, design themes, shipping, data visualisation, inventory tracking and more.
Wave has a variety of apps and features, most of which are free. However, you will have to pay for the Payroll app and for the ability to accept online payments for your invoices. The rest, like invoicing, transactions, reports or adding sales taxes remains free.
With the bank reconciliation feature, businesses can link their bank accounts, PayPal accounts and other sources of data for real-time transaction records. Businesses can also generate reports such as balance sheets, sales tax reports and account receivable and payable reports with Wave accounting.
Tips to integrate Wave and Magento easily
Wave Apps is a free commercial platform that can be easily integrated into your business. It combines accounting, invoicing and invoice scanning into one simple and readable interface.
Magento is an e-commerce platform that offers merchants control over the content and features of their stores. Magento Commerce represents about 30% of the total market share.