CloudPay vs. Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
CloudPay
Score 8.1 out of 10
N/A
CloudPay is a payroll management tool designed specifically for organizations that have an international workforce. They offer payroll automation services, an earned wage access platform as well as global treasury services to ensure any employee no matter their location gets the money they have earned.N/A
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
CloudPayPayroll by Wave
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
CloudPayPayroll 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
Features
CloudPayPayroll by Wave
Payroll Management
Comparison of Payroll Management features of Product A and Product B
CloudPay
-
Ratings
Payroll by Wave
9.4
3 Ratings
13% above category average
Pay calculation00 Ratings10.03 Ratings
Support for external payroll vendors00 Ratings9.02 Ratings
Off-cycle/On-Demand payment00 Ratings9.02 Ratings
Benefit plan administration00 Ratings9.01 Ratings
Direct deposit files00 Ratings10.03 Ratings
Salary revision and increment management00 Ratings9.03 Ratings
Reimbursement management00 Ratings10.01 Ratings
Best Alternatives
CloudPayPayroll by Wave
Small Businesses
Rippling
Rippling
Score 8.6 out of 10
Patriot Software
Patriot Software
Score 9.0 out of 10
Medium-sized Companies
Rippling
Rippling
Score 8.6 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.4 out of 10
Enterprises
Oracle Fusion Cloud HCM
Oracle Fusion Cloud HCM
Score 8.0 out of 10
Infor Human Resources
Infor Human Resources
Score 7.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
CloudPayPayroll by Wave
Likelihood to Recommend
8.0
(5 ratings)
10.0
(4 ratings)
Support Rating
-
(0 ratings)
8.9
(2 ratings)
User Testimonials
CloudPayPayroll by Wave
Likelihood to Recommend
CloudPay
In my organization, we have replaced all paperwork with this software, for the case of payroll, treasury, or on-demand payment. And from the backend, we have requested to enhance the feature like deductions and reimbursements. So in this way, it comes as a single tool to automate the whole payroll process. Which can be accessed, stored, update, and monitored from anywhere. So the whole organization and communications seem just to be a click away. Since we have switched to the cloud pay for payroll management, a lot of finance things are still there which need to be integrated with this system to make everything intact and altogether but cloud pay, as of now, do not have room to accommodate, and that's an issue to us, as a manager. So it's a request and suggestion as well to consider other finance-related things and try to fit in the same application, I know it's a big ask, but can be tried.
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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
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Pros
CloudPay
  • Global Payroll Basic
  • Earned Wage Access
  • Global Treasury Service
  • Payroll Efficiency Index
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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.
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Cons
CloudPay
  • Fees
  • Tech support
  • Size restraints
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Wave
  • Additional filings such as WorkSafe, etc.
  • More flexibility when it comes to paying a director.
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Support Rating
CloudPay
No answers on this topic
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
CloudPay
It allows the feature of flexible payment methods to complete of the payment of termination and the payment to be process on time which is recognized worldwide. The card payment process time is 3 days faster than the normal bank payment process, and you can stop easily. It integrates your payment procedures with a global cash flow solution that ensures the timely payments to regulate authorities like your employees, local authorities or to the third parties.
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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
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Return on Investment
CloudPay
  • The positive impact is, a lot of manual work is automated now, which is saving a lot of time and man-hours.
  • Requests and demands can be accessed, monitored, and raised anytime from anywhere. So a lot of dependencies have been resolved.
  • Human resources and all finance is been integrated which is resulting in less work at the desk.
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Wave
  • Ensuring that I am compliant with my payroll obligations.
  • Less time spent on managing employee payroll.
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ScreenShots

CloudPay Screenshots

Screenshot of A screenshot of the Calendar tool within CloudPay that keeps track of all of payroll activities across all locations.