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15Five vs Wave: 2026 Comparison

15Five Wave
Overview A performance management platform with continuous feedback, OKRs, engagement surveys, and manager effectiveness tools. A free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payment processing.
Pricing Subscription ($4-$14/user/month) Freemium (Free (accounting) + paid add-ons)
Key Features
  • Weekly check-ins
  • OKRs
  • Engagement surveys
  • Performance reviews
  • 1-on-1s
  • High fives recognition
  • Career development
  • Analytics
  • Accounting
  • Invoicing
  • Receipt scanning
  • Bank connections
  • Financial reports
  • Payment processing
  • Payroll
  • Multi-currency
Pros
  • Continuous feedback model
  • Easy to use
  • Good engagement tools
  • Manager enablement
  • Completely free accounting
  • Good invoicing
  • Easy to use
  • Receipt scanning
Cons
  • Limited HRIS features
  • Can feel redundant with other tools
  • Basic reporting
  • Feature overlap with others
  • Limited features
  • Payroll costs extra
  • Payment processing fees
  • No inventory management