Compare Performance Pro and Payroll by Wave - Sep 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

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

Payroll by Wave is more expensive to implement (TCO) than Performance Pro, 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 Employee Performance Management 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:

HRN Performance Solutions Vs. Wave Accounting

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...

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? Performance Pro or Payroll by Wave?

The real total cost of ownership (TCO) of Employee Performance Management 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 Performance Pro and Payroll by Wave.

Performance Pro price starts at $2 per employee/month , On a scale between 1 to 10 Performance Pro is rated 2, which is much lower than the average cost of Employee Performance Management 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 Employee Performance Management software cost.

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

Which software includes more/better features?

We've compared Performance Pro Vs. Payroll by Wave based on some of the most important and required Employee Performance Management features.

Performance Pro: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Data Import/Export, Basic Reports, Online Customer Support, Basic Reports, Data Import/Export, Online Customer Support, Dashboards & KPIs, Applicant Tracking.

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

Target customer size

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