Eddy vs. Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Eddy
Score 8.0 out of 10
N/A
Enduring companies know that their people are their most important assets and they invest in helping them excel. Eddy is an HR Suite built for local businesses that aims to streamline tedious HR processes and improves the employee experience. With Eddy the user can hire, onboard, manage, and pay employees with one software. Hiring: Post jobs, track candidates and streamline recruiting process with an Applicant Tracking System (ATS). Onboarding: Create memorable first days…N/A
Payroll by Wave
Score 9.0 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
Pricing
EddyPayroll by Wave
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
EddyPayroll by Wave
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsAll-in-one HR software starting at $99/month for up to 12 employees.
More Pricing Information
Community Pulse
EddyPayroll by Wave
Top Pros
Top Cons
Features
EddyPayroll by Wave
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Eddy
5.0
1 Ratings
46% below category average
Payroll by Wave
-
Ratings
Job Requisition Management4.01 Ratings00 Ratings
Candidate Search6.01 Ratings00 Ratings
Applicant Tracking4.01 Ratings00 Ratings
Email Templates6.01 Ratings00 Ratings
User Permissions5.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Eddy
-
Ratings
Payroll by Wave
9.4
3 Ratings
15% 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
EddyPayroll by Wave
Small Businesses
Recruit CRM
Recruit CRM
Score 9.5 out of 10
Patriot Software
Patriot Software
Score 9.0 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Enterprises
Vibe HCM
Vibe HCM
Score 4.5 out of 10
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
EddyPayroll by Wave
Likelihood to Recommend
8.0
(1 ratings)
10.0
(4 ratings)
Support Rating
-
(0 ratings)
8.9
(2 ratings)
User Testimonials
EddyPayroll by Wave
Likelihood to Recommend
Eddy
If you understand the pitfalls of Eddy, such as needing to manually track what has been signed--vs still pending--then it is a well utilized system. Being able to send documents for signature via HelloSign is useful. At one point we had used HelloSign for onboarding but made it made it difficult to transition and track new hires.
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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
Eddy
  • Contact information
  • Tracking trainings
  • Storing HR documents
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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
Eddy
  • An employee needs to accept the invitation to populate in the onboarding tab
  • Documents do not show which documents are pending signature
  • As an HR software, it should have a place with labor law updates based on region
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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
Eddy
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
Eddy
ADP HR did not have the tracking portion and allowance of signatures that Eddy does. ADP had an electronic filing system but no ability to send out documents for signature. ADP HR has up-to-date labor laws for our location, so we had to sign up for both products--one to mitigate our legal liability and the other to easily track HR docs that have been signed.
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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
Eddy
  • Managing labor law requirements
  • Somewhat time consuming initially
  • Positive address book
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Wave
  • Ensuring that I am compliant with my payroll obligations.
  • Less time spent on managing employee payroll.
Read full review
ScreenShots

Eddy Screenshots

Screenshot of Your hourly employees can track their time in Eddy. It's easy to view time sheets, edit punches, create reports, and send the time sheets to payroll.Screenshot of It's never been easier for employees to accrue and request time-off. Eddy makes it simple to create time-off policies, track time-off balances, and approve or deny time-off requests.Screenshot of Eddy gives you ability to have employees sign documents electronically. This can reduce onboarding time significantly and simplifies the process of collecting and storing signed documents. Any document can become a signature document with Eddy's intuitive software.Screenshot of Managing job applicants can be challenging, especially when a lot of resumes are rolling in. Eddy makes things easy with an easy-to-use drag and drop pipeline. Customize your pipeline stages, automate email actions, and effectively manage every applicant that submits a resume.Screenshot of In Eddy, you can create an individual profiles for every employee in your company. Input all their personal information, contact information, job information, emergency contact information, and so much more. You can also keep track of performance notes and employee documents.Screenshot of Eddy provides your company with a beautiful employee directory, allowing you and your employees to put a face to a name. You can view the directory in a table or list view. It's an excellent way to get a quick look at specific information on any employee.