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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Payroll by Wave

    Score10 out of 10
    N/AWave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A

    PrismHR

    Score8 out of 10
    N/APrismHR is a platform for PEO and ASO growth, boasting more users among HR service providers than any other software. The technology platform and expansive PrismHR Marketplace are specifically designed to help HR service providers compete in the market, operate efficiently, and reduce risk. PrismHR enables users to manage payroll, benefits, compliance, and HR for clients with a single technology partner. Today, PrismHR customers support more than 100,000 small businesses and…N/A
    Pricing
    Payroll by WavePrismHR
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Payroll by WavePrismHR
    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
    Payroll by WavePrismHR
    Considered Both Products
    Wave
    No answer on this topic
    PrismHR
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    5 Answers
    No answers on this topic
    Delivers good value for the price
    100%
    Delivers good value for the price
    5 Answers
    No answers on this topic
    Happy with the feature set
    100%
    Happy with the feature set
    5 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    Features
    Payroll by WavePrismHR
    Payroll Management
    Comparison of Payroll Management features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    9.4
    5 Ratings
    13% above category average
    PrismHR
    8.5
    3 Ratings
    4% above category average
    Pay calculation10.05 Ratings9.83 Ratings
    Support for external payroll vendors9.03 Ratings7.23 Ratings
    Off-cycle/On-Demand payment9.03 Ratings6.13 Ratings
    Benefit plan administration9.01 Ratings9.23 Ratings
    Direct deposit files9.05 Ratings8.53 Ratings
    Salary revision and increment management9.55 Ratings9.62 Ratings
    Reimbursement management10.02 Ratings9.32 Ratings
    Human Resource Management
    Comparison of Human Resource Management features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.6
    4 Ratings
    5% above category average
    Employee demographic data00 Ratings8.64 Ratings
    Employment history00 Ratings9.63 Ratings
    Job profiles and administration00 Ratings8.74 Ratings
    Workflow for transfers, promotions, pay raises, etc.00 Ratings9.04 Ratings
    Organizational charting00 Ratings7.94 Ratings
    Organization and location management00 Ratings9.04 Ratings
    Compliance data (COBRA, OSHA, etc.)00 Ratings7.43 Ratings
    Leave and Attendance Management
    Comparison of Leave and Attendance Management features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    9.0
    3 Ratings
    9% above category average
    Approval workflow00 Ratings9.53 Ratings
    Balance details00 Ratings9.03 Ratings
    Annual carry-forward and encashment00 Ratings8.42 Ratings
    Employee Self Service
    Comparison of Employee Self Service features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.6
    4 Ratings
    4% above category average
    View and generate pay and benefit information00 Ratings9.24 Ratings
    Update personal information00 Ratings9.64 Ratings
    View company policy documentation00 Ratings8.24 Ratings
    Employee recognition00 Ratings8.42 Ratings
    View job history00 Ratings7.64 Ratings
    Asset Management
    Comparison of Asset Management features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.3
    3 Ratings
    3% above category average
    Tracking of all physical assets00 Ratings8.33 Ratings
    HR Reporting
    Comparison of HR Reporting features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.2
    4 Ratings
    8% above category average
    Report builder00 Ratings9.04 Ratings
    Pre-built reports00 Ratings7.94 Ratings
    Ability to combine HR data with external data00 Ratings7.72 Ratings
    Onboarding
    Comparison of Onboarding features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    9.5
    4 Ratings
    16% above category average
    New hire portal00 Ratings10.04 Ratings
    Manager tracking tools00 Ratings9.03 Ratings
    Performance and Goals
    Comparison of Performance and Goals features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    9.0
    2 Ratings
    10% above category average
    Corporate goal setting00 Ratings8.72 Ratings
    Individual goal setting00 Ratings9.92 Ratings
    Line-of sight-visibility00 Ratings8.72 Ratings
    Performance tracking00 Ratings8.92 Ratings
    Performance Management
    Comparison of Performance Management features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    9.0
    3 Ratings
    12% above category average
    Performance plans00 Ratings8.62 Ratings
    Performance improvement plans00 Ratings8.92 Ratings
    Review status tracking00 Ratings9.92 Ratings
    Review reminders00 Ratings8.83 Ratings
    Multiple review frequency00 Ratings8.83 Ratings
    Succession Planning
    Comparison of Succession Planning features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.2
    2 Ratings
    4% above category average
    Create succession plans/pools00 Ratings8.72 Ratings
    Candidate ranking00 Ratings8.42 Ratings
    Candidate search00 Ratings7.02 Ratings
    Candidate development00 Ratings8.72 Ratings
    Recruiting / ATS
    Comparison of Recruiting / ATS features of Payroll by Wave and PrismHR
    Feature
    Payroll by Wave
    -
    Ratings
    PrismHR
    8.3
    4 Ratings
    5% above category average
    Job Requisition Management00 Ratings8.63 Ratings
    Company Website Posting00 Ratings8.73 Ratings
    Publish to Social Media00 Ratings8.13 Ratings
    Job Search Site Posting00 Ratings7.72 Ratings
    Duplicate Candidate Prevention00 Ratings8.63 Ratings
    Applicant Tracking00 Ratings8.03 Ratings
    Notifications and Alerts00 Ratings8.44 Ratings
    Best Alternatives
    Payroll by WavePrismHR
    Small Businesses
    Patriot Payroll
    Score8.6 out of 10
    UZIO
    Score9.4 out of 10
    Medium-sized Companies
    APS
    Score5.7 out of 10
    Zoho People
    Score8.6 out of 10
    Enterprises
    ADP Streamline Payroll
    Score6.1 out of 10
    PeopleStrong
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Payroll by WavePrismHR
    Likelihood to Recommend
    10.0
    (6 ratings)
    8.8
    (4 ratings)
    Likelihood to Renew
    10.0
    (1 ratings)
    -
    (0 ratings)
    Usability
    10.0
    (1 ratings)
    -
    (0 ratings)
    Support Rating
    8.9
    (2 ratings)
    -
    (0 ratings)
    User Testimonials
    Payroll by WavePrismHR
    Likelihood to Recommend
    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
    Incentivized
    Read full review
    PrismHR
    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
    Read full review
    Pros
    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.
    Incentivized
    Read full review
    PrismHR
    • 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
    Read full review
    Cons
    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...
    Incentivized
    Read full review
    PrismHR
    • 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
    Read full review
    Usability
    Wave
    Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
    Incentivized
    Read full review
    PrismHR
    No answers on this topic
    Support Rating
    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.
    Incentivized
    Read full review
    PrismHR
    No answers on this topic
    Alternatives Considered
    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
    Incentivized
    Read full review
    PrismHR
    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
    Read full review
    Return on Investment
    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.
    Incentivized
    Read full review
    PrismHR
    • Too soon to tell
    Incentivized
    Read full review
    ScreenShots

    PrismHR Screenshots

    Screenshot of PrismHR - Employee Portal features a mobile responsive, configurable experience for worksite managers and employees. It can be customized with branding elements and dynamically display content based on different types of clients and users.