Shlomi Lavi /
Dec 26, 2022
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Bottom Line: Which is Better - BambooHR or Payroll by Wave?
Payroll by Wave is more expensive to implement (TCO) than BambooHR, and BambooHR is rated higher (97/100) than Payroll by Wave (80/100). BambooHR offers users more features (11) than Payroll by Wave (8). There is a clear winner in this case and it is BambooHR!
Looking for the right Human Resources solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:
BambooHR Vs. Wave Accounting
BambooHR: We're a group of hard-working and fun-loving people who are passionate about building great web-based software. Members of our team have worked for small successful companies, as well as publicly-held giants like Disney, Intuit, Intel, Novell, Omniture (an Adobe company), and HP. We're working hard to create tools that make our customers' ...
Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.
Who is more expensive? BambooHR or Payroll by Wave?
The real total cost of ownership (TCO) of Human Resources software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for BambooHR and Payroll by Wave.
BambooHR price starts at $5.25 per employee/month , On a scale between 1 to 10 BambooHR is rated 2, which is much lower than the average cost of Human Resources software. Payroll by Wave price starts at $35 per month , When comparing Payroll by Wave to its competitors, the software is rated 2 - much lower than the average Human Resources software cost.
Bottom line: BambooHR cost is around the same cost of Payroll by Wave.
Which software includes more/better features?
We've compared BambooHR Vs. Payroll by Wave based on some of the most important and required Human Resources features.
BambooHR: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Employee Self-Service, HR Management, Payroll, Performance Record, Software Customization, Timesheet, Applicant Tracking, Document Management.
Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.
Target customer size
BambooHR offers its intuitive online HR software to medium and small businesses. The software is a viable product for small and medium businesses without any restriction on industrial affiliation.