Compare Payroll by Wave and Namely - Nov 2022

Shlomi Lavi

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

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 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:

Wave Accounting Vs. Namely

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.

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...

Who is more expensive? Payroll by Wave or Namely?

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 Payroll by Wave and Namely.

Payroll by Wave price starts at $35 per month , On a scale between 1 to 10 Payroll by Wave is rated 2, which is much lower than the average cost of Payroll software. Namely price starts at $12 per employee/month , When comparing Namely to its competitors, the software is rated 6 - similar to the average Payroll software cost.

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

Which software includes more/better features?

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

Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools, Direct Deposit, Payroll Tax Management, W-2 Preparation.

Namely: Dashboard, Talent Management, Payroll, Employee Scheduling, Absence Management.

Target customer size

The software is a viable product for small and medium businesses without any restriction on industrial affiliation. and Namely's target customer size include: SMBs.