Compare Payroll by Wave and Performance Pro - Sep 2022

Shlomi Lavi

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

Performance Pro is more expensive to implement (TCO) than Payroll by Wave, and Performance Pro is rated higher (92/100) than Payroll by Wave (80/100). Performance Pro offers users more features (12) than Payroll by Wave (8). There is a clear winner in this case and it is Performance Pro!

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. HRN Performance Solutions

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.

HRN Performance Solutions: HRN Performance Solutions was founded in 1989 in response to the growing business demand for human resource services. Since that time, HRN Performance Solutions has expanded from a small firm into a well-respected human resource software and consulting company with an international presence and nearly 2000 clients. HRN Performance Solutions pro...

Who is more expensive? Payroll by Wave or Performance Pro?

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 Performance Pro.

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. Performance Pro price starts at $2 per employee/month , When comparing Performance Pro to its competitors, the software is rated 2 - much lower than the average Payroll software cost.

Bottom line: Payroll by Wave cost is around the same cost of Performance Pro.

Which software includes more/better features?

We've compared Payroll by Wave Vs. Performance Pro 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.

Performance Pro: Data Import/Export, Basic Reports, Online Customer Support, Basic Reports, Data Import/Export.

Target customer size

The software is a viable product for small and medium businesses without any restriction on industrial affiliation. The software is a viable solution for small and medium sized businesses of various types.