Compare Millennium and Payroll by Wave - Sep 2022

Shlomi Lavi

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Bottom Line: Which is Better - Millennium or Payroll by Wave?

Millennium is more expensive to implement (TCO) than Payroll by Wave, and Payroll by Wave is rated higher (80/100) than Millennium (79/100). Payroll by Wave offers users more features (8) than Millennium (0). There is a clear winner in this case and it is Payroll by Wave!

Looking for the right Payroll 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:

Abila Inc Vs. Wave Accounting

Abila Inc: Abila serves strategic leaders and managers in dynamic nonprofit organizations and government agencies through high-value solutions. Organizations trust Abila to simplify and streamline processes in order to perform their best work and focus on delivering their unique mission. For Abila, it’s personal and backed by a team with more than 30 years o...

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? Millennium or Payroll by Wave?

The real total cost of ownership (TCO) of Payroll 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 Millennium and Payroll by Wave.

Millennium price starts at $69 per month , On a scale between 1 to 10 Millennium is rated 10, which is much higher than the average cost of Payroll 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 Payroll software cost.

Bottom line: Millennium is more expensive than Payroll by Wave.

Which software includes more/better features?

We've compared Millennium Vs. Payroll by Wave based on some of the most important and required Payroll features.

Millennium: We are still working to collect the list of features for Millennium.

Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.

Target customer size

Customers of the software include non-profit businesses and organizations of all sizes. The software is a viable product for small and medium businesses without any restriction on industrial affiliation.