Compare BambooHR and Payroll by Wave - Dec 2022

Shlomi LaviShlomi 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.



BambooHR

ITQlick rating
(4.5/5)

starts at $5.25 per employee/month

BambooHR is an integrated, cloud-hosted human resource software solution built to serve small, medium and large enterprises. The platform is a comprehensive suite of HR functionalities that include applicant tr...

Categories: Human Resources, Applicant Sources & Marketplace, Applicant Tracking, Benefits Administration.

Payroll by Wave

ITQlick rating
(4.4/5)

starts at $35 per month

Payroll by Wave is a web based payroll management solution for small and medium businesses. Its capabilities include accounting integration, benefits management, tax form printing, and others. The software was ...

Categories: Check Printing, Financial reporting, Tax Preparation, Data Analysis Tools, Self-Service Portal.

Compare specifications

Compare features

BambooHR: 11 Features

Employee Self-Service
HR Management
Payroll
Performance Record
Software Customization
Timesheet
Applicant Tracking
Document Management
Email Integration
Mobile Access
Recruiting Management

Payroll by Wave: 8 Features

Check Printing
Benefits Administration
Employee Self-Service
Payroll
Data Analysis Tools
Direct Deposit
Payroll Tax Management
W-2 Preparation
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
BambooHR
ITQlick rating
4.5/5
Score
97/100
Pricing
2.2/10
License pricing
$5.25 per employee/month
Functionality
27
Compare
Payroll ...
ITQlick rating
4.4/5
Score
80/100
Pricing
2.4/10
License pricing
$35 per month
Functionality
18
Gusto
ITQlick rating
4.7/5
Score
99/100
Pricing
4/10
License pricing
$39 per month
Functionality
20
Review
Workforc...
ITQlick rating
4.1/5
Score
98/100
Pricing
2/10
License pricing
$6 per employee/month
Functionality
32
Workday ...
ITQlick rating
4.3/5
Score
98/100
Pricing
10/10
License pricing
$45 per employee/month
Functionality
3

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.