Compare Namely and Payroll by Wave - Nov 2022

Shlomi LaviShlomi 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.



Namely

ITQlick rating
(4.1/5)

starts at $12 per employee/month

Namely is a human capital management solution for businesses of all sizes. Its capabilities include workflow management, profile management, document management, calendar management, and others. The sof...

Categories: Human Resources, Attendance Tracking, Benefits Administration, Employee Engagement.

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

Namely: 10 Features

Dashboard
Talent Management
Payroll
Employee Scheduling
Absence Management
Employee Time Clock
FMLA Tracking
Overtime Tracking
Vacation Tracking
Customizable Questions

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
Namely
ITQlick rating
4.1/5
Score
97/100
Pricing
6.8/10
License pricing
$12 per employee/month
Functionality
22
Review
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.