Find out more about P11D Through Papaya Global ... We now have the capability to manage both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer specifically committed to handling payments. This offers us with a secure and reputable approach of paying to our 10,000 workers worldwide.}
The innovative global payroll management app simplifies my payroll process, conserving me a considerable amount of time each month. With its user-friendly interface, I have access to a single control panel that effectively manages my payroll, EOR, and contractors.
The Worker Portal offers staff members with the capability to gain access to and view important documents such as pay slips, wage and tax declarations, and employment records. This website is accessible on both desktop and mobile devices and is used in different languages.
Advantages Administration
Papaya Global assists business provide competitive benefits packages to international staff members despite the number of staff members in the business. The company can set up medical insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the requirement to source local benefits providers in every country, create regional accounts and have a minimum variety of workers.
The HR capabilities offered by International HR incorporate different functions such as keeping an eye on holiday time, ensuring compliance, facilitating the procedure of welcoming new staff members and bidding farewell to departing ones, using a protected online platform for keeping workers' files, and offering assistance for work allow treatments in case your workers require support in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, workforce diversity, overall work expenses distributed per area, overall work expenses per cycle and a lot more.
Worldwide, I have demonstrated management and tactical competence in guiding massive populations of over 100,000 workers throughout 170 countries. Presently, I am responsible for supervising payroll methods, as discussed by Mark. My function involves handling and establishing external partnerships, supporting Enterprise customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services supplier.
business to make the time 100 list for most prominent companies worldwide we provide payroll payments and labor force management to all worker types in over 160 nations I am pleased to state that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself naturally thank you good morning great afternoon good evening depending upon where you are in the world it's lovely to meet you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I've remained in the payments market for over ten years and specifically working on the payroll and payment sector for over seven years um I was interested by the intricacy the trouble in all of the above of
payroll payments and decided to sort of make a genuine go at that over the last 5 or 6 years where I have actually sort of had a range of various functions on the company side and also on the supplier side from a payroll point of view so actually anticipating this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply offer everyone another couple of uh well one of the 30 seconds or two to join all of us work back to back these days so we'll sort of let them do that so it 'd be rather interesting and I can see it going on currently just to hear where everyone is um it's nice to to sort of like see where everybody comes from and I actually do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's really really uninspiring and I want I was elsewhere at this moment in time okay so let's get started our program for today is as follows um we are going to be looking at the obstacle years of managing Global payroll why companies maintain different
Virtual payroll accounts are an alternative to standard checking account for managing payroll payments. This is particularly helpful for worldwide companies with dispersed and remote workforces, as it simplifies the complex process of cross-border payments. Instead of preserving separate bank accounts for payroll in different countries, virtual accounts and digital wallets provide a more structured option. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are becoming a tactical possession for payroll executives. We will likewise offer a wrap-up of the main points covered and leave time for a Q&A session at the end.
Guaranteeing accurate, effective, and prompt payroll payments is a complex challenge for companies operating worldwide. Join us for a webinar to check out the advantages and downsides of payroll wallets versus payroll savings account, learn how companies anticipate payroll costs to enhance working capital, and find how improving international payroll payments can change them from a difficult job into a strategic property.
Managing payroll internationally is a difficult job due to numerous policies, compliance requirements, information security issues, and banking guidelines. The sheer variety of employees and businesses contributes to the complexity, with an approximated 3.5 billion people in the worldwide workforce, 500 countless whom are in Africa, and 230 million services worldwide.
Standard payroll systems often result in manual processes, information silos, and a lack of combination, resulting in inconsistencies and inadequacies. In spite of living in a period of technological advancements, payroll management has been sluggish to adapt, with as much as 25% of payroll still processed by hand, often utilizing pen and paper. This webinar objectives to provide insights and solutions to simplify and optimize international payroll payments.
about it to give you a concept of how far there still is to come according to Deloitte just 11 of services state they have Workforce information in real time that's another number that provides me sleep deprived nights and quite honestly the more a business spends on international payroll the less of an image they see an absence of presence also extends to payroll payments and failure to properly track these payments can lead to compliance accidents in the last mile of the deal almost half of global companies have expressed that they don't have the level of standardization they require in their processes or want and as a result eighty percent of mistakes are due to time reporting poor HCM data information entry errors badly interacted hires and terminations along with absence management and system configurations and then when you round everything off and the information is shipped to the incorrect location the typical expense of an international data breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the money around the globe payroll and payments do not run efficiently if they count on the required numerous processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the obstacles service face when they're paying to staff members or otherwise that's a great concern I always throw this back and state what is it what doesn't need to be consisted of ideal and what does
it need to be thought of there's differing Bank details so the length of an eye band a swift an account number routing code per country there's payment timespan there's payment abilities so can you pay it from International or do you have to pay from an in-country account do you need to pay from the client's own in-country account so there's complexity anywhere you look best ultimately building a knowledge base is absolutely critical however all over you look with payroll payment they resemble super payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the sort of link between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are absolutely fundamental and innovation is enabling us to kind of move forward with that it also as well to contribute to that payroll and financing need to work closer together um with differing Checking account Particulars differing banking requirements and setup processes is definitely essential that payroll and finance groups work closer together than ever um I'm always surprised when people state I have actually divided payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't work in the payroll occupation would they split the payroll payment from computation I would say no so why do we as a market accept that why our payroll and payments so frequently split and cut up um eventually it's payroll is an end-to-end process it's the point of data collection all the way through to paying people wherever they are however also paying statutory authorities and on statutory third parties so with the
world we reside in and wellness being a growing number of essential to add to kind of the level of complexity there's more and more benefits being organ or being used by organizations throughout the world so once again you're simply wanting to add a growing number of payments to this currently complex landscape so if you sort of got any experience well I'm from your huge experience here and I make certain but have you got any experience in kind of real obstacles or real tough type of pay utilizes to play to pay individuals I believe yeah I suggest over the last well yeah a couple of decades I would certainly say that the larger a company gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the task there are teams feeding info into the next function as it were that's really handling the payment side of things but you know in in my opinion and my experience that does not necessarily need to be the case you understand long gone are the times where we need to create extra handoffs in the processes that we operate in they simply make them more prompt they make them less efficient and they do not make them what they require to be in in an era of tech and an era that you know that we are operating in today there is no reason we are still making this as difficult as it requires to be agreed and rightly as you said payroll is the single greatest liability that any business has from a cost viewpoint from an effect point of view on employees it is definitely crucial that it's done properly and on time so what we suggest by that is not a day before not a day after on pay day and payments have to be done right it has the biggest destructive impact on individuals's well-being and lots of other factors if people aren't paid uh I've constantly been astonished coming into this Market kind of the last five to ten years is how little thanks the
The payroll group might not have been thanked for correctly processing payroll during a webinar. If anybody has actually been thanked, it would be fantastic to hear their success story, whether it's from all staff members or not. Payroll is a crucial cycle, and individuals just discover when things go wrong. Nevertheless, when things go right, it's viewed as simply a routine job. This is how it's perceived externally as well. For that reason, it is essential to ensure that tasks like Wi-Fi International and other crucial matters are done properly. Using the very first Worldwide Payments first payroll payment option is a great initial step towards supplying a comprehensive payroll service for employees worldwide. Standardization, international procedures, and minimizing the variety of tools, platforms, and checking account necessary for worldwide payroll are essential factors in accomplishing service success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of problems when things don't go as prepared. Ultimately, we do not do it for the gratitude.
anyhow we understand how how important a function it is which's why we do it that's why we get on with it and this is why we're talking today about making it as simple as possible for everyone that's involved in those processes and also so envision sorry I'm just I was simply gon na say think of the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make sure we're discussing numerous thousands possibly Millions envision getting that lots of thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would definitely be a fascinating job trying to clean up all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to look through them and in fact see what was going on and sort of try to return to everyone so moving on appearance why do business choose to main separate bank accounts there are services out there doing precisely this for particular countries and I've operated in a business or many services doing exactly that I can say it does not constantly feel effective and it does create more work I know we're not purposely doing that we're not creating extra work for any person where we don't need to and any person that's handling that procedure I 'd be interested to hear your thoughts Johnny why do you believe that we're doing that in in the in the quantity that we are I believe many reasons one is it's the standard I believe individuals have got so used to we require a brand-new savings account we open an entity and rightly so you require it for payroll purposes but there are a variety of markets where it's not a requirement so I think it's simply been the requirement and the standard individuals have embraced and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and lots of other methods um to to kind of do it so I believe there's a range I believe this is a procedure that requires looking at it requires changing however ultimately people are very stuck to what they recognize
with ideal um modification is a difficult thing we all don't like change um so I think it's just type of moving away from the standard as we've said so yeah so it keeps a great deal of track of things um I comprehend certainly the benefits of having preserving numerous checking account but there's a substantial quantity of intricacy chooses establishing a savings account maintaining it ensuring it can send out International transfers ensuring it's established with the ideal user accesses for specific individuals so the intricacy is big but I think the honest response is change um individuals have not been able to alter or haven't had always the understanding to actually make that change into alternate Solutions aside from opening a savings account I think you have actually struck the nail on the head I believe it is understanding you understand and there is an element of resistance to alter but we have actually constantly done it that way is no genuine excuse for not looking at the the advantages and the possibilities of moving on and moving into you know what could nearly be determined to be the next Century or two there is a lot to keep an eye on and this technique does position several difficulties um so Johnny might you tell us about those difficulties yeah obviously so there's a variety right there is so
I just did you changed our Business to OS so now we can do our payroll and payments operation on a single platform yes it's like our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 Worldwide workers you deserve a corner workplace with a more detailed parking space since I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location