Shlomi Lavi /
Sep 21, 2022
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Bottom Line: Which is Better - ADP RUN or Payroll by Wave?
ADP RUN is more expensive to implement (TCO) than Payroll by Wave, and ADP RUN is rated higher (94/100) than Payroll by Wave (80/100). Payroll by Wave offers users more features (8) than ADP RUN (5).
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:
ADP Vs. Wave Accounting
ADP: Automatic Data Processing, Inc. (Nasdaq: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single sou...
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? ADP RUN 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 ADP RUN and Payroll by Wave.
ADP RUN price starts at $59 per employee/month + $4 per employee , On a scale between 1 to 10 RUN Powered by ADP is rated 2, which is much 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: ADP RUN cost is around the same cost of Payroll by Wave.
Which software includes more/better features?
We've compared ADP RUN Vs. Payroll by Wave based on some of the most important and required Payroll features.
ADP RUN: Employee Self-Service, Payroll, Data Analysis Tools, Attendance Management, Check Fraud Monitoring.
Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.
Target customer size
The software is a most viable product for small and medium businesses with backgrounds in a variety of industries. The software is a viable product for small and medium businesses without any restriction on industrial affiliation.