247HRM vs. Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
247HRM
Score 8.4 out of 10
N/A
The 247HRM HR management and payroll software features Document Management, Salary Budgeting, Skill Bank, automated generation of letters and email, custom MIS & Trending reports. It can be used along with other modules documents, salaries, leave data etc. It is developed by Interbiz Solutions, headquartered in Hyderabad.
$25.67
per month includes 30 employees
Payroll by Wave
Score 8.9 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
Pricing
247HRMPayroll by Wave
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
247HRMPayroll by Wave
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
247HRMPayroll by Wave
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
247HRMPayroll by Wave
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
247HRM
8.8
3 Ratings
10% above category average
Payroll by Wave
-
Ratings
Employee demographic data8.83 Ratings00 Ratings
Employment history9.13 Ratings00 Ratings
Job profiles and administration8.83 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.9.13 Ratings00 Ratings
Organizational charting8.23 Ratings00 Ratings
Organization and location management9.13 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
247HRM
8.9
3 Ratings
9% above category average
Payroll by Wave
9.4
3 Ratings
13% above category average
Pay calculation9.13 Ratings10.03 Ratings
Support for external payroll vendors8.73 Ratings9.02 Ratings
Off-cycle/On-Demand payment9.12 Ratings9.02 Ratings
Benefit plan administration8.73 Ratings9.01 Ratings
Direct deposit files8.73 Ratings10.03 Ratings
Salary revision and increment management9.13 Ratings9.03 Ratings
Reimbursement management9.13 Ratings10.01 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
247HRM
9.1
3 Ratings
11% above category average
Payroll by Wave
-
Ratings
Approval workflow9.13 Ratings00 Ratings
Balance details9.13 Ratings00 Ratings
Annual carry-forward and encashment9.13 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
247HRM
8.8
3 Ratings
7% above category average
Payroll by Wave
-
Ratings
View and generate pay and benefit information8.73 Ratings00 Ratings
Update personal information9.13 Ratings00 Ratings
View company policy documentation9.13 Ratings00 Ratings
Employee recognition8.32 Ratings00 Ratings
View job history8.83 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
247HRM
9.1
3 Ratings
14% above category average
Payroll by Wave
-
Ratings
Tracking of all physical assets9.13 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
247HRM
8.4
3 Ratings
9% above category average
Payroll by Wave
-
Ratings
Report builder8.83 Ratings00 Ratings
Pre-built reports9.13 Ratings00 Ratings
Ability to combine HR data with external data7.33 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
247HRM
8.6
3 Ratings
8% above category average
Payroll by Wave
-
Ratings
New hire portal8.43 Ratings00 Ratings
Manager tracking tools8.73 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
247HRM
8.5
3 Ratings
3% above category average
Payroll by Wave
-
Ratings
Corporate goal setting9.13 Ratings00 Ratings
Individual goal setting9.12 Ratings00 Ratings
Line-of sight-visibility8.33 Ratings00 Ratings
Performance tracking7.63 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
247HRM
8.1
3 Ratings
1% above category average
Payroll by Wave
-
Ratings
Performance plans8.33 Ratings00 Ratings
Performance improvement plans7.43 Ratings00 Ratings
Review status tracking8.53 Ratings00 Ratings
Review reminders8.53 Ratings00 Ratings
Multiple review frequency7.63 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
247HRM
8.5
3 Ratings
7% above category average
Payroll by Wave
-
Ratings
Create succession plans/pools8.53 Ratings00 Ratings
Candidate ranking8.23 Ratings00 Ratings
Candidate search8.73 Ratings00 Ratings
Candidate development8.53 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
247HRM
8.5
3 Ratings
9% above category average
Payroll by Wave
-
Ratings
Job Requisition Management9.13 Ratings00 Ratings
Company Website Posting8.73 Ratings00 Ratings
Publish to Social Media7.73 Ratings00 Ratings
Job Search Site Posting8.23 Ratings00 Ratings
Duplicate Candidate Prevention8.83 Ratings00 Ratings
Applicant Tracking8.23 Ratings00 Ratings
Notifications and Alerts8.83 Ratings00 Ratings
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247HRMPayroll by Wave
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Score 9.4 out of 10
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Score 9.4 out of 10
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Score 8.0 out of 10
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User Ratings
247HRMPayroll by Wave
Likelihood to Recommend
8.7
(3 ratings)
10.0
(4 ratings)
Likelihood to Renew
9.1
(2 ratings)
-
(0 ratings)
Usability
9.1
(1 ratings)
-
(0 ratings)
Support Rating
9.1
(2 ratings)
8.8
(3 ratings)
User Testimonials
247HRMPayroll by Wave
Likelihood to Recommend
Interbiz Solutions
It is well suited for the manufacturing, Pharma, Educational and Retail sectors. They are second to none when supporting large companies. Small companies and people looking for employee engagement may not be the right fit.
Read full review
Wave
Great for small business payroll needs. Reports and taxes are taken care of, everything is automated and once you're set up it's literally just a matter of minutes to run payroll each time. You also get email reminders which is helpful. There are premium features available for companies with larger/more robust needs, and I would definitely recommend looking into this software if you are searching for a user friendly payroll solution
Read full review
Pros
Interbiz Solutions
  • We used to take half a day to onboard new staff during our employee onboarding. We would collect necessary forms like aadhar, education certificates, experience certificates, and other forms. With 247HRM, it takes two hours. We cut the onboarding time in half. Can you imagine half a day saved for one employee onboarding?
  • I don’t stress about paying my people on time or accurate payroll because my experience with both the 247HRM product and its services helps give me the confidence in paying payroll on time. 2 clicks and I am done with payroll, generating a paysheet, pf ecr, esi upload and PT challan. All these in a span of 2 or 3 hours.
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Wave
  • An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
  • Pay day can be automated and straightforward.
  • Wave onboarding provides guidance at what information to input next until you are all set up.
Read full review
Cons
Interbiz Solutions
No answers on this topic
Wave
  • Additional filings such as WorkSafe, etc.
  • More flexibility when it comes to paying a director.
Read full review
Usability
Interbiz Solutions
It is very easy to use and few clicks to complete your tasks
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Wave
No answers on this topic
Support Rating
Interbiz Solutions
Come rain or shine, 247HRM support team is always available to support you whenever you need assistance.
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Wave
Quick response times, personalized service. They offer in-depth videos and guides for helping to get set up. Any time I have a question about taxes or reporting, they answer quickly and give comprehensive answers. Members of the team with whom I've interacted have been courteous, friendly, and helpful. Overall, great support.
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Alternatives Considered
Interbiz Solutions
No answers on this topic
Wave
We moved away from Wave as most of our contractors are time-based, and Wave flat out refuses to provide time tracking features. We tried integrations, but the pricing/complexity goes up and reliability goes down when integrating systems which were not intended to communicate. We since moved to Avaza and sacrificed Payroll for more robust time tracking, project management, and a very open feature development process
Read full review
Return on Investment
Interbiz Solutions
  • Accurate Payroll
  • Paperless Employee Onboarding
  • Paperless office
  • onboarding to exit automation
Read full review
Wave
  • Ensuring that I am compliant with my payroll obligations.
  • Less time spent on managing employee payroll.
Read full review
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