MYOB PayGlobal vs. Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MYOB PayGlobal
Score 7.0 out of 10
N/A
MYOB PayGlobal is a human capital management (HCM) suite with integrated payroll module available to businesses in Australia and New Zealand, from MYOB in Melbourne.N/A
Payroll by Wave
Score 9.8 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
Pricing
MYOB PayGlobalPayroll by Wave
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MYOB PayGlobalPayroll 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
MYOB PayGlobalPayroll by Wave
Top Pros
Top Cons
Features
MYOB PayGlobalPayroll by Wave
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
13% above category average
Payroll by Wave
-
Ratings
Employee demographic data9.01 Ratings00 Ratings
Employment history9.01 Ratings00 Ratings
Job profiles and administration9.01 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.9.01 Ratings00 Ratings
Organizational charting9.01 Ratings00 Ratings
Organization and location management9.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
11% above category average
Payroll by Wave
9.4
5 Ratings
14% above category average
Pay calculation9.01 Ratings10.05 Ratings
Support for external payroll vendors9.01 Ratings9.03 Ratings
Off-cycle/On-Demand payment9.01 Ratings9.03 Ratings
Direct deposit files9.01 Ratings9.05 Ratings
Salary revision and increment management9.01 Ratings9.55 Ratings
Reimbursement management9.01 Ratings10.02 Ratings
Benefit plan administration00 Ratings9.01 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
11% above category average
Payroll by Wave
-
Ratings
Approval workflow9.01 Ratings00 Ratings
Balance details9.01 Ratings00 Ratings
Annual carry-forward and encashment9.01 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
10% above category average
Payroll by Wave
-
Ratings
View and generate pay and benefit information9.01 Ratings00 Ratings
Update personal information9.01 Ratings00 Ratings
View job history9.01 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
17% above category average
Payroll by Wave
-
Ratings
Report builder9.01 Ratings00 Ratings
Pre-built reports9.01 Ratings00 Ratings
Ability to combine HR data with external data9.01 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
11% above category average
Payroll by Wave
-
Ratings
New hire portal9.01 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
12% above category average
Payroll by Wave
-
Ratings
Review status tracking9.01 Ratings00 Ratings
Review reminders9.01 Ratings00 Ratings
Multiple review frequency9.01 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
MYOB PayGlobal
9.0
1 Ratings
13% above category average
Payroll by Wave
-
Ratings
Candidate development9.01 Ratings00 Ratings
Best Alternatives
MYOB PayGlobalPayroll by Wave
Small Businesses
Patriot Software
Patriot Software
Score 9.1 out of 10
Patriot Software
Patriot Software
Score 9.1 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.6 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.6 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.2 out of 10
Infor Human Resources
Infor Human Resources
Score 7.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MYOB PayGlobalPayroll by Wave
Likelihood to Recommend
9.0
(1 ratings)
10.0
(6 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(1 ratings)
Usability
-
(0 ratings)
10.0
(1 ratings)
Support Rating
-
(0 ratings)
8.9
(2 ratings)
User Testimonials
MYOB PayGlobalPayroll by Wave
Likelihood to Recommend
MYOB
I am very likely to recommend MYOB Payglobal I would rate this as a 9. Having MYOB Payglobal has meant that our organization can expend and grow without having to consider if our systems will be able to handle increased numbers of employees, and companies. Also the WAP system allows us to change the structure if there is a structural change within the organization.
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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
MYOB
  • Fully Integrated
  • Easy to extract information
  • Well supported
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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
MYOB
  • There are multiple ways of setting employees up which don't always result in the information flowing through to all sections.
  • It is a large system and requires those using it to fully understand some of the back end
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Wave
  • Implement an employee time clock option through a separate link which automatically applies to the weekly time sheets.
  • Option to further customize payroll statements
  • Add a per employee payroll dashboard with the option to review rolling, quarterly, and weekly snapshot. Info to include gross pay, employer paid tax, employee paid tax, etc...
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Usability
MYOB
No answers on this topic
Wave
Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
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Support Rating
MYOB
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
MYOB
MYOB was well supported in New Zealand and came highly recommended by multiple sources. It was a system that had more modules than just Payroll and HR which meant that going forward we could add modules without having to look at changing systems. The implementation of these module could be staggered as the business need arose.
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Wave
First is the cost. Since QuickBooks removed the inhouse solution and moved everything to the cloud, the cost for a small business is prohibited. Wave is reasonable in cost. Support for QB isn't great they are always trying to upsell and commit. Wave support in comparison is 100% better, and most of the answers are in their manual
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Return on Investment
MYOB
  • As our previous system was too small to cope with the growth that the business was undertaking implementing MYOB PayGlobal meant that we could have faith that our payroll system would pay people correctly and maintain the integrity of our employee information
  • It is easy to use
  • It is well supported
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Wave
  • Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
  • Easy to use interface saves time and helps ensure I am paid on time.
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