Compare Optimum Solutions and Payroll by Wave - Sep 2022

Shlomi Lavi

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

Optimum Solutions is more expensive to implement (TCO) than Payroll by Wave, and Optimum Solutions is rated higher (92/100) than Payroll by Wave (80/100). Payroll by Wave offers users more features (8) than Optimum Solutions (3).

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:

Optimum Solutions, Inc. Vs. Wave Accounting

Optimum Solutions, Inc.: Optimum Solutions, Inc. is a software development company providing Payroll, Human Resources, and Time & Attendance software for both the IBM iSeries (AS/400) and Microsoft Windows platforms or in the cloud. Optimum Solutions' mission is to help businesses pay and manage their personnel by providing reliable and fairly priced state-of-the-art so...

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? Optimum Solutions 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 Optimum Solutions and Payroll by Wave.

Optimum Solutions price starts at $10,000 per license , On a scale between 1 to 10 Optimum Solutions is rated 4, which is lower 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: Optimum Solutions is more expensive than Payroll by Wave.

Which software includes more/better features?

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

Optimum Solutions: Applicant Tracking, Payroll Tax Management, Time management.

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

Target customer size

Optimum Solutions's typical customers include: Medium and large size businesses, The software is a viable product for small and medium businesses without any restriction on industrial affiliation.