Evolution Payroll vs. Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Evolution Payroll
Score 9.0 out of 10
N/A
Evolution Payroll is an online payroll platform from GTM Payroll Services. It is designed to be secure and scalable, while making data access easy and user-friendly. Evolution Payroll can incorporate data from retail POS systems, time and attendance systems, and spreadsheet-based payroll systems, and pass data to accounting systems as well as the GTM employee self-service portal.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
Evolution PayrollPayroll by Wave
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Evolution PayrollPayroll 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
Evolution PayrollPayroll by Wave
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Evolution Payroll
9.7
2 Ratings
16% above category average
Payroll by Wave
9.4
3 Ratings
13% above category average
Pay calculation10.02 Ratings10.03 Ratings
Support for external payroll vendors10.01 Ratings9.02 Ratings
Off-cycle/On-Demand payment10.01 Ratings9.02 Ratings
Benefit plan administration9.01 Ratings9.01 Ratings
Direct deposit files10.02 Ratings10.03 Ratings
Salary revision and increment management9.02 Ratings9.03 Ratings
Reimbursement management10.01 Ratings10.01 Ratings
Best Alternatives
Evolution PayrollPayroll by Wave
Small Businesses
Patriot Software
Patriot Software
Score 9.0 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
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Evolution PayrollPayroll by Wave
Likelihood to Recommend
10.0
(2 ratings)
10.0
(4 ratings)
Likelihood to Renew
4.0
(1 ratings)
-
(0 ratings)
Support Rating
-
(0 ratings)
8.9
(2 ratings)
User Testimonials
Evolution PayrollPayroll by Wave
Likelihood to Recommend
GTM Payroll Services
We have a small company with very simple needs. This software meets those needs, but it looks like it is capable of doing so much more than what we use it for. I typically use only a few screens and a few reports. It is very well suited for our needs, but I don't know the full functionality of the system due to our limited needs.
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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
GTM Payroll Services
  • Payroll management
  • Provides accurate employees' reports
  • Helps us in tracking payroll taxes
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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
GTM Payroll Services
  • One problem it has is if you try to cut multiple checks for a person (sometimes) it creates an error which requires assistance from the processor to get it straightened out.
  • You need to pay close attention when reviewing prior to submitting. Sometimes if you think you saved something it might not have saved it and if you don't catch it before you submit, it requires assistance to get corrected up to and including voiding a check and re-issuing.
  • In my opinion, it's somewhat expensive. I have been looking at other providers who would use a different system, and they seem to be significantly cheaper. That may not be a direct correlation to the software but to the provider.
  • I don't know if it is capable of allowing a user to create new reports, but if it doesn't, that would be something to consider as a missing functionality.
  • I haven't found an area that allows for tracking pay increases. We simply overwrite a persons rate of pay when we give a raise, so there is no tracking of the date a raise was given or a comparison showing what they made prior to or when the last raise was given. (That I am aware of).
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Wave
  • Additional filings such as WorkSafe, etc.
  • More flexibility when it comes to paying a director.
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Likelihood to Renew
GTM Payroll Services
Evolution is provided by our current third party payroll processor. We are currently considering changing processors, because of increased prices and competition is priced significantly lower.
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Wave
No answers on this topic
Support Rating
GTM Payroll Services
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
GTM Payroll Services
The ease of integration of Evolution Payroll with other essential platforms makes it a reliable and unique software for us. This software also distinguishes itself from others because it is easy to use and affordable. It has high-quality features that work very well for us when it comes to payroll management.
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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
GTM Payroll Services
  • Accuracy is one amazing thing I love about Evolution Payroll.
  • It collects data from other systems to make payroll management excellent
  • It is affordable and reliable
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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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