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Paylocity VS Splitwise

Compare Paylocity VS Splitwise and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Paylocity logo Paylocity

Paylocity has revolutionized the industry and has quickly become the leading independent provider of online payroll services and HR solutions.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Paylocity Landing page
    Landing page //
    2023-07-06
  • Splitwise Landing page
    Landing page //
    2023-01-23

Paylocity features and specs

  • User-Friendly Interface
    Paylocity offers an intuitive and easy-to-navigate interface which enhances user experience and reduces the learning curve for new users.
  • Comprehensive HR Solutions
    It provides a wide range of HR solutions including payroll, benefits administration, time tracking, and talent management, which can streamline many HR processes.
  • Customizable Reporting
    The platform allows for extensive and customizable reporting features, which can help businesses generate insightful data to make informed decisions.
  • Mobile Accessibility
    Paylocity offers a mobile app that enables employees and HR professionals to access necessary functions and information on-the-go.
  • Customer Support
    The platform is known for its responsive and helpful customer support, allowing users to resolve issues and get assistance promptly.

Possible disadvantages of Paylocity

  • Pricing
    Paylocity can be more expensive than some of its competitors, which might be a constraint for smaller businesses with tight budgets.
  • Complex Setup Process
    Initial setup and configuration can be time-consuming and complex, potentially requiring dedicated resources to get everything running smoothly.
  • Integration Limitations
    Although Paylocity offers various integration options, some users have reported limitations and difficulties in integrating with certain third-party applications.
  • Slower Processing Times
    Some users have noted that payroll and other processes can sometimes be slower compared to other platforms.
  • Limited Customization
    While it offers customizable reporting, some users feel other customization options within the platform are limited.

Splitwise features and specs

  • User-Friendly Interface
    Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
  • Multi-Platform Availability
    Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
  • Expense Tracking
    The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
  • Flexible Split Options
    Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
  • Currency Conversion
    Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
  • Bill Reminders
    The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
  • Integration with Payment Platforms
    Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

  • Privacy Concerns
    Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
  • Subscription-Based Features
    Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
  • Manual Entry Requirement
    Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
  • Limited Automatic Reconciliation
    While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
  • Dependency on Group Honesty
    The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
  • Potential for Confusion
    The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Analysis of Paylocity

Overall verdict

  • Overall, Paylocity is considered a good platform for companies seeking to enhance their HR and payroll capabilities. However, as with any software, its effectiveness can vary based on specific organizational needs and implementation strategies.

Why this product is good

  • Paylocity is a notable platform in the human capital management space, offering comprehensive payroll and HR solutions that cater to the needs of small to medium-sized businesses. The software is acclaimed for its robust features, user-friendly interface, and strong customer support. In addition, its services help streamline payroll processing, enhance benefits administration, and improve time and labor management.

Recommended for

  • Small to medium-sized businesses looking for a comprehensive HR and payroll solution.
  • Organizations seeking an integrated platform to manage their workforce efficiently.
  • Companies that value robust customer support and user-friendly interfaces in their HR tech stack.

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Paylocity videos

+ Add

Paylocity Product FY19 Release Highlights

More videos:

  • Review - Paylocity Employee Reviews - Q3 2018
  • Review - Paylocity FY18 Year in Review

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Paylocity and Splitwise)

Paylocity

Splitwise

HR
100 100%
HR
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
HR Tools
100 100%
HR Tools
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Paylocity and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Paylocity and Splitwise

Paylocity Reviews

Best Rippling alternatives (2026): tested picks by use case
I only score tools Iโ€™ve tested with my own account, so this list splits in two. Gusto, Deel, Breezy HR and Manatal carry tested verdicts from their own reviews; the full process is documented in how WiserStaff tests tools. BambooHR, Paylocity and Workday are credible candidates I havenโ€™t run, so they appear without scores or invented prices. Affiliate links are disclosed...
Source: wiserstaff.com
PeopleSoft Alternatives: 10 Modern HRIS Solutions for Every Business Size
Paylocity stands out for its comprehensive set of services tailored to the mid-market. It offers a spectrum of features including payroll, benefits management, and talent acquisition within a user-friendly platform. This modern HR software is noted for balancing functionality with cost-effectiveness, making it a practical choice for businesses looking for a full-suite HRIS.
Source: www.outsail.co
Top 6 Paylocity alternatives and competitors (in-depth comparison)
While Paylocity markets itself to companies of all sizes, it mostly caters to large organizations. That means it includes features like benefits management and compensation tools that small businesses with hourly teams wonโ€™t need. All these different features make the software more demanding to use. And because Paylocity has a steeper learning curve, it can lead users to...
Source: www.joinhomebase.com
The best 6 Paylocity competitors
Unlike Paylocity, which focuses on payroll automation, Rippling goes beyond payroll automation, offering customizable workflows across your entire HR, IT, and finance functions. With access to data from three key sectors, Rippling also offers a much more advanced reporting and analytics functionality than Paylocity. Where Paylocity offers 12 template reports, Rippling has...
Source: www.rippling.com
Top 6 UKG Competitors and Alternatives
Paylocityโ€™s module-based pricing structure lets you purchase features that are right for your organization. For example, you can mix and match payroll, talent management and worker surveys. This flexibility makes it excellent for growing companies seeking straightforward yet scalable HR solutions.
Source: www.techrepublic.com

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Paylocity seems to be more popular. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Paylocity mentions (2)

  • Best way to get all IPs of a tool/service
    Create the FQDN entry as paylocity.com (or whatever domain they use) and confirm it is resolved to an IP by the Gate. It may take a minute to update after creation. Source: over 5 years ago
  • Best way to get all IPs of a tool/service
    HR has a payroll tool that is randomly having issues. I am almost positive it's the deep SSL inspection. I want to whitelist it but not sure if I should do the domain name paylocity.com or if I should try to get it's IPs. Source: over 5 years ago

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Paylocity and Splitwise, you can also consider the following products

Workday - Workday is an onโ€‘demand financial management and human capital management software solution.

Tricount - Manage and share expenses with friends

UKG - UKG Pro is one of the powerful, global human capital management solutions like global workforce management, flexible or seamless human resource management that drive the growth of your in an appropriate business way.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

Paychex - Are you in need of payroll services, HR services, 401(k) and benefits administration, or more? No matter the size of your business, Paychex can help.

Splid - Splid helps friends manage their money.

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