Payroll by Wave vs. PrismHR

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

Incentivized

PrismHR is well suited for running payroll and generating reports, managing employees, and creating a database with employee pay and benefit information. This wouldn’t be a learning and development platform or performance management system. It’s also not a great tool for automating data per department or financial dashboard. Lastly, I do not think previously it had a strong enough cyber security which is why there was a data breach. Thankfully sensitive information wasn’t compromised though.

Incentivized

• 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.

Incentivized

• Reporting Structure
• Applicant Tracking
• User Friendly employee hiring
• User friendly employee management
• Billing and payroll for clients
• The search bar can find anything with keywords very quickly

Incentivized

• Additional filings such as WorkSafe, etc.
• More flexibility when it comes to paying a director.

Incentivized

• Claiming notifications are not on home page.
• Sometimes claiming are little difficult for the new users
• Regularization, shift change, week off change are little difficult.

Incentivized

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.

Incentivized

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

Incentivized

We previously used TriNet, ADP Total source, ADP Resource. PrismHR is more basic in design for both the manager and user. But in the end, it does the same work all these other platforms perform, but at a lesser cost which is better for the company as it saves us money so we can pass along savings to our employees.

Incentivized

• Ensuring that I am compliant with my payroll obligations.
• Less time spent on managing employee payroll.

Incentivized

• Too soon to tell

Incentivized