Payroll by Wave vs. SAP SuccessFactors HCM

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payroll by Wave
Score 10.0 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
SAP SuccessFactors HCM
Score 8.4 out of 10
N/A
SAP SuccessFactors is a suite of HR/HCM products covering these capability areas: core HR and payroll, recruiting and onboarding, learning and development, performance and compensation management, workforce analytics and planning, and employee experience management.
$75.60
per year per user (Up to 100 Employees)
Pricing
Payroll by WaveSAP SuccessFactors HCM
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Payroll by WaveSAP SuccessFactors HCM
Free Trial
NoYes
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 WaveSAP SuccessFactors HCM
Features
Payroll by WaveSAP SuccessFactors HCM
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Payroll by Wave
9.4
5 Ratings
13% above category average
SAP SuccessFactors HCM
7.8
448 Ratings
4% below category average
Pay calculation10.05 Ratings8.1340 Ratings
Support for external payroll vendors9.03 Ratings7.4302 Ratings
Off-cycle/On-Demand payment9.03 Ratings7.7302 Ratings
Benefit plan administration9.01 Ratings7.6287 Ratings
Direct deposit files9.05 Ratings7.8286 Ratings
Salary revision and increment management9.55 Ratings8.0365 Ratings
Reimbursement management10.02 Ratings7.8261 Ratings
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.0
780 Ratings
1% below category average
Employee demographic data00 Ratings8.3691 Ratings
Employment history00 Ratings8.1704 Ratings
Job profiles and administration00 Ratings7.9677 Ratings
Workflow for transfers, promotions, pay raises, etc.00 Ratings8.0640 Ratings
Organizational charting00 Ratings8.1714 Ratings
Organization and location management00 Ratings8.1643 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings7.8403 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.2
445 Ratings
1% above category average
Approval workflow00 Ratings8.5441 Ratings
Balance details00 Ratings8.1376 Ratings
Annual carry-forward and encashment00 Ratings8.0334 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.3
626 Ratings
1% above category average
View and generate pay and benefit information00 Ratings8.4473 Ratings
Update personal information00 Ratings8.7609 Ratings
View company policy documentation00 Ratings8.0410 Ratings
Employee recognition00 Ratings7.8380 Ratings
View job history00 Ratings8.4585 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.4
3 Ratings
5% above category average
Tracking of all physical assets00 Ratings8.43 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
7.0
612 Ratings
7% below category average
Report builder00 Ratings7.3585 Ratings
Pre-built reports00 Ratings7.0555 Ratings
Ability to combine HR data with external data00 Ratings6.7461 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.0
496 Ratings
0% above category average
New hire portal00 Ratings7.8482 Ratings
Manager tracking tools00 Ratings7.7451 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.4
611 Ratings
4% above category average
Corporate goal setting00 Ratings8.2548 Ratings
Individual goal setting00 Ratings8.3604 Ratings
Line-of sight-visibility00 Ratings8.0492 Ratings
Performance tracking00 Ratings8.0569 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.2
644 Ratings
4% above category average
Performance plans00 Ratings8.2619 Ratings
Performance improvement plans00 Ratings8.0531 Ratings
Review status tracking00 Ratings8.1585 Ratings
Review reminders00 Ratings8.0580 Ratings
Multiple review frequency00 Ratings8.1479 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
8.0
443 Ratings
3% above category average
Create succession plans/pools00 Ratings8.2409 Ratings
Candidate ranking00 Ratings8.0388 Ratings
Candidate search00 Ratings8.0396 Ratings
Candidate development00 Ratings8.0374 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Payroll by Wave
-
Ratings
SAP SuccessFactors HCM
4.2
518 Ratings
58% below category average
Job Requisition Management00 Ratings7.9493 Ratings
Company Website Posting00 Ratings7.8471 Ratings
Publish to Social Media00 Ratings7.8410 Ratings
Job Search Site Posting00 Ratings7.7452 Ratings
Duplicate Candidate Prevention00 Ratings7.5422 Ratings
Applicant Tracking00 Ratings7.8475 Ratings
Notifications and Alerts00 Ratings7.9479 Ratings
Best Alternatives
Payroll by WaveSAP SuccessFactors HCM
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.4 out of 10
Dayforce Powerpay
Dayforce Powerpay
Score 9.4 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
PeopleStrong
PeopleStrong
Score 9.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Payroll by WaveSAP SuccessFactors HCM
Likelihood to Recommend
10.0
(6 ratings)
8.4
(769 ratings)
Likelihood to Renew
10.0
(1 ratings)
8.7
(53 ratings)
Usability
10.0
(1 ratings)
8.1
(292 ratings)
Availability
-
(0 ratings)
8.6
(7 ratings)
Performance
-
(0 ratings)
7.6
(7 ratings)
Support Rating
8.9
(2 ratings)
5.1
(30 ratings)
In-Person Training
-
(0 ratings)
9.1
(2 ratings)
Online Training
-
(0 ratings)
4.4
(5 ratings)
Implementation Rating
-
(0 ratings)
6.5
(15 ratings)
Configurability
-
(0 ratings)
4.7
(7 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
3.1
(4 ratings)
Ease of integration
-
(0 ratings)
6.8
(420 ratings)
Product Scalability
-
(0 ratings)
7.7
(7 ratings)
Professional Services
-
(0 ratings)
5.7
(5 ratings)
Vendor post-sale
-
(0 ratings)
5.0
(6 ratings)
Vendor pre-sale
-
(0 ratings)
4.1
(6 ratings)
User Testimonials
Payroll by WaveSAP SuccessFactors HCM
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
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SAP
It is a strong system that pays off once it's fully tailored to your organization. If your company has well-defined HR processes, SuccessFactors will likely integrate seamlessly. We've automated processes that previously required departments to spend weeks on back-and-forth emails. We've partnered with Capgemini to fully suck out the most out of its technical customization.
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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.
Read full review
SAP
  • The product is straightforward to use. The product allows instant edits if a mistake is made and is very helpful in keeping track of individual employee working hours.
  • Use of the platform ensures that your business is connected to a global workforce experience powered by modern HR technologies and AI.
  • Implementation of the software ensures an excellent workforce experience and accelerates overall business performance.
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...
Read full review
SAP
  • I think just overall the configuration can be a little bit hard on the backend user, like myself, knowing which screens to go to. Better documentation on how we configure things would be a great resource for employees in the HR field that are making those backend changes.
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Likelihood to Renew
Wave
No answers on this topic
SAP
It is the product that the Business is fully committed to for co-ordinately HR processes. Employee and Manage Self-Service has allow our business to reduce the overheads in our HR operating mode. The integration with 3rd party products is now in place and further developments will only increase its importance. SuccessFactors provide regular enhancements and has a support model in line with our business requirements.
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Usability
Wave
Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
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SAP
Generally works as it needs to but there is room for improvement. Notifications are an example where they come from different places whereas they should be centralised and standardised. We would love to have time management and award interpretation in SAP SuccessFactors HCM instead of a third party system however the lack of rostering functionality makes this unusable
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Reliability and Availability
Wave
No answers on this topic
SAP
Until now we have not had serious availability problems with SuccessFactors, we had Microsoft Active Directory and SSO with ADFS and we had availability problems but because of problems with ADFS, we migrated to Azure AD and with that the availability problems of SuccessFactors because of ADFS went away. The only windows of unavailability that we have had are those that we are communicated to do maintenance and upgrades.
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Performance
Wave
No answers on this topic
SAP
The performance is very good, the truth is that we have not had serious performance problems, some complex reports may take a little longer, but considering the complexity and the amount of records it is an acceptable time. We have never received a complaint from users regarding page loading speed.
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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.
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SAP
SAP SuccessFactors has been a easy to implement tool with low risks for a sensitive thing like employee feedback. It provides powerful performance in the backend functionalities, and at the same time a great look and feel for the employees. Totally recommended.
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In-Person Training
Wave
No answers on this topic
SAP
The in-person training was with a consultancy, we have taken several courses, all very specific. They have been reports in ecp, general configuration of ec, reports and IAS
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Online Training
Wave
No answers on this topic
SAP
We use SAP Learning, and we like it very much, the topics are updated along with the products, we have access to the SFX customer certifications and we have done them all, in general the SAP learning platform is very good and complete.
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Implementation Rating
Wave
No answers on this topic
SAP
As we were new with all this, we would greatly appreciate if we had assitance directly from SAP so we can implement the modules with all of its features and best practices. Unfortunately, we notice that the partner left some thing incomplete.
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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
Read full review
SAP
SAP SuccessFactors is a very user-friendly application, it stacks up very well against competition, such as Oracle PeopleSoft HCM. We selected SAP SuccessFactors because we are already using a lot of other SAP solutions, such as SAP S/4 HANA and SAP Business Technology Platform. It allows us to have single-sign on and one vendor with multiple solutions.
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Contract Terms and Pricing Model
Wave
No answers on this topic
SAP
Not applicable.
Read full review
Scalability
Wave
No answers on this topic
SAP
The scalability and flexibility of SuccessFactors is unbeatable. It is very easy to scale the product to new countries and areas, and with the help of CPI it can be easily integrated.
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Professional Services
Wave
No answers on this topic
SAP
Once time we need to change the datacenter and we made this with the professional services from SAP... everything goes just fine. excelent service.
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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.
Read full review
SAP
  • It helps better in the tedious task of job posting, it's automated to social handles.
  • Better performance in speed, UI, performance management, skill management, talent onboarding, and finding candidates in the talent pool.
  • Reduces most of the cost in HR operations and future-proof technology with continuous improvement.
Read full review
ScreenShots

SAP SuccessFactors HCM Screenshots

Screenshot of how to navigate to all SAP SuccessFactors solution modules and complete tasks using natural language—thanks to Joule, the AI copilot with generative AI.Screenshot of where to acquire future-ready skills by sourcing, engaging, and hiring top talent, as well as save time evaluating candidates and match skills to roles more efficiently with AI-powered applicant screening.Screenshot of some of the metrics that empower HR professionals, analysts, and business partners to answer questions about a workforce, or that influence business decisions with data-driven insights and an evidence-based approach to HR.Screenshot of the mobile interface, which also helps automate processes to improve employee and manager self-service, and strengthen compliance.Screenshot of