Cloud-based software solutions offer a range of useful benefits to businesses of all sizes. For this reason, companies are increasingly moving their information and data to the cloud to enjoy the advantage of anytime, anywhere access. According to Statista, the global public cloud services market is set to exceed over $278.3 billion by 2021.
But how do you select a suitable business software solution for your specific needs from the scores of useful payroll software solutions in the market? To help you, we provide analytical reviews of the leading accounting and finance app Wave as well as 10 top payroll software alternatives to it.
The best part is Wave is a free payroll software platform. It combines invoicing, accounting, and receipt scanning into a single compact package. This makes it a great option for startups and small businesses as well as self-employed professionals such as freelancers, consultants, and entrepreneurs. The application is easy to set up and use. Plus, it offers a simple and navigable dashboard that clearly displays all the important details and provides effortless access to them.
How can Wave help your business? It simplifies invoicing and accounting processes, and helps you overcome the challenges involved in tracking expenses, chasing payments, and managing taxes and employees. You will find it easy to quickly create and send out professional estimates, invoices, and receipts. Plus, you can utilize the tracking tools to stay on top of your operations.
If you think Wave does not offer enough features for your liking, do not switch off. We also review the key features and benefits of top Wave alternatives and provide you good reasons to consider each of the alternative systems instead of Wave and vice versa.
Our experts rate Gusto as one of the best Wave alternatives as it combines benefits administration, payroll, and compliance features in a simplified package. We have recognized its superior quality and performance by distinguishing with high marks and ratings. The vendor offers a great free trial for those interested in trying our the key features first.
What makes Gusto stand above the competition? To start, it helps small businesses in the US easily manage their workforce’s essential HR needs. We are impressed with its well-designed user interface as well as excellent automation and innovation functionalities. You can ask for a custom pricing quote that is tailored for your exact needs.
Gusto helps to simplify business processes such as HR, payroll, and benefits for companies. It also provides 401(k), payroll, and worker’s compensation insurance nationwide in the US. Plus, it can automate the calculation, payment, and submission of your company’s federal, state, and local payroll taxes. The best part is you get to enjoy all these benefits at an affordable price. If you wish to look at other options, browse these good Gusto alternatives here.
You can easily sign up for Gusto free trial here.
Why use Gusto instead of Wave?
Why use Wave instead of Gusto?
OnPay is a cloud-hosted payroll product that enables businesses to automate payment workflows and tax filing. Main features include scheduled pay runs, automated payroll taxations, new hire reporting, and employee self-onboarding. You can easily sign up for OnPay free trial here.
OnPay offers an online employee portal that your staff can utilize to access tax forms and pay stubs, and update their information. With this software, companies can track their workers’ sick leaves, vacation, and PTO. The system presents a document vault for storing employee notes and contracts. It integrates seamlessly with third-party apps such as Kabbage, Humanity, Guideline, QuickBooks, Xero, and more. Finally, OnPay helps in 401(k) retirement planning and manages investment portfolios, deductions, and compliance for users. For more good options, browse these OnPay alternatives here.
Why use OnPay instead of Wave?
Why use Wave instead of OnPay?
Xero is a competent accounting management solution that works according to a company’s rules and priorities. You can utilize it to manage your money and budgets in line with your firm’s goals and long- term missions. What can you expect from Xero? The best part is it is easy to set up and use, and does not need complex training. Plus, it simplifies cumbersome financial processes and operations, and helps you save time. You can manage all contacts and transactions from the same page. In addition, you can utilize the reporting feature to summarize the impact of all your activities. For more good options, take a look at viable Xero alternatives here.
Why use Xero instead of Wave?
Why use Wave instead of Xero?
Zenefits is a proven online HR platform for small and medium-sized businesses. It helps companies reduce the complexity and stress of HR management and payroll processes, and use their limited resources wisely. Top features include: mobile optimization, ACA compliance, hiring and onboarding, customer support, payroll sync, insurance benefits, employee directory, business intelligence and more. The app’s dashboard integrates all HR offerings and gives better access to employees and greater control to the management. Like Wave, this software is also offered free. If you are looking for a more advanced system, browse these good Zenefits alternatives here.
Why use Zenefits instead of Wave?
Why use Wave instead of Zenefits?
ADP Workforce Now offers core HR features including benefits management, payroll, talent management, and time and attendance. Another highlight is the benefit plan creation wizard which you can configure according to your company’s onboarding procedures. The system’s COBRA events can trigger alerts to employees and other beneficiaries to meet qualifying event requirements under COBRA. On top of that, the benefits administration features are all compliant with annual reporting requirements for IRS forms 1094 and 1095. This tool also provides a dashboard for all reporting statuses. If you are still not satisfied with this solution, take a look at viable ADP Workforce Now alternatives here.
Why use ADP Workforce Now instead of Wave?
Why use Wave instead of ADP Workforce Now?
Dayforce HCM is a cloud-based product that offers talent management, HR management, document management, benefits, analytics, payroll and tax, and workforce management features. This app provides businesses access to real-time data on all elements of human capital management (HCM). It offers a single user experience and no user interfaces. Your company can utilize this system to recruit bright talent, manage benefits enrollment, process pay, maintain HR records, and handle compliance. This solution’s single employee record consolidates all HCM procedures. If you wish to look at other options, browse these viable Dayforce HCM alternatives here.
Why use Dayforce HCM instead of Wave?
Why use Wave instead of Dayforce HCM?
Namely is a comprehensive HR suite that unifies benefits, payroll, and talent management functionalities. For this reason, it has been used by more than 400 companies to handle more than $2.5 billion in annual payroll. This cloud-based product can be utilized to streamline basic as well as complex HR processes and adhere to compliance regulations. Other benefits are this system can be utilized to manage employee information and to calculate paychecks accurately by deducting taxes and contributions to benefits such as health insurance. Plus, its robust feature set serves to simplify and speed up HR workflows and processes. To give you more choices, we present viable Namely alternatives here.
Why use Namely instead of Wave?
Why use Wave instead of Namely?
Sage HRMS is designed for the needs of small and mid-sized organizations. It offers a full set of HR tools to enable companies to maximize the potential of their employees from recruitment to talent management. Enterprises can utilize this system to engage their employees and develop their skills to make them valuable assets. The platform’s payroll functionality is built to support the needs of businesses in major industries such as construction, manufacturing, retail, and agriculture to name a few. Another advantage is this solution helps businesses adhere to industry policies and government regulations, and ensure compliance with them. To help you with more choices, we present good Sage HRMS alternatives here.
Why use Sage HRMS instead of Wave?
Why use Wave instead of Sage HRMS?
Intuit Payroll is a robust yet affordable payroll system that offers three packages to suit various business budgets and needs. Each package offers limited features except the premier plan, the Full Service Payroll, in which all tax and payroll processes are managed by the software. Companies can utilize this platform to pay their employees accurately on time. They can generate an unlimited number of paychecks and automate payroll tax calculations. Another big advantage is the vendor offers top notch live support from experts. If you wish to look around for more options, browse these good Intuit Payroll alternatives here.
Why use Intuit Payroll instead of Wave?
Why use Wave instead of Intuit Payroll?
Justworks is an HR management solution designed to ease the workload of HR officers and managers. Organizations need to manage the different needs of their business teams and Justworks helps them effectively do this task. This product offers automation options and payroll services to enterprises. Plus, it provides easily implementable and feasible solutions to help them manage salaries, benefits, leaves and related matters. This product was launched in 2012 and since then it has become an established brand name in the payroll management software market. If you think it is too basic for you needs, take a look at these excellent Justworks alternatives here.
Why use Justworks instead of Wave?
Why is Wave instead of Justworks?
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