Compare Payroll by Wave and UltiPro Payroll - Sep 2022

Shlomi Lavi

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

UltiPro Payroll is more expensive to implement (TCO) than Payroll by Wave, and Payroll by Wave is rated higher (80/100) than UltiPro Payroll (76/100). UltiPro Payroll offers users more features (18) 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. Ultimate Software

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.

Ultimate Software: At Ultimate Software, we have always put our people first. This idea permeates our culture to its core. For over 20 years, it has driven us to create the innovative products and services we offer today. As a result, we enable our clients to put their people first—helping them build the people-centric environments they need to grow and meet their bu...

Who is more expensive? Payroll by Wave or UltiPro Payroll?

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 UltiPro Payroll.

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. UltiPro Payroll price starts at $600 per year , When comparing UltiPro Payroll to its competitors, the software is rated 8 - higher than the average Payroll software cost.

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

Which software includes more/better features?

We've compared Payroll by Wave Vs. UltiPro Payroll 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.

UltiPro Payroll: Appraisal Performance, Benefits Administration, Employee Self-Service, HR Management, LMS.

Target customer size

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