Shlomi Lavi /
Nov 25, 2022
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Bottom Line: Which is Better - Namely or Payroll by Wave?
Namely is more expensive to implement (TCO) than Payroll by Wave, and Namely is rated higher (97/100) than Payroll by Wave (80/100). Namely offers users more features (10) than Payroll by Wave (8).
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:
Namely Vs. Wave Accounting
Namely : Namely is the leading HR platform for the world's most exciting companies. Based in New York, the company was founded in 2012 by Matt Straz, the serial entrepreneur and former media executive. Today, Namely is in use in over 20 countries and offers a full suite of HR tools including HRIS, payroll, benefits administration and performance management...
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? Namely 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 Namely and Payroll by Wave.
Namely price starts at $12 per employee/month , On a scale between 1 to 10 Namely is rated 6, which is similar to 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: Namely is more expensive than Payroll by Wave.
Which software includes more/better features?
We've compared Namely Vs. Payroll by Wave based on some of the most important and required Human Resources features.
Namely: Dashboard, Talent Management, Payroll, Employee Scheduling, Absence Management, Employee Time Clock, FMLA Tracking, Overtime Tracking.
Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.
Target customer size
Namely's typical customers include: SMBs, The software is a viable product for small and medium businesses without any restriction on industrial affiliation.