Find out more about Papaya Global Bangalore Office ... We now have the ability to manage both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has actually obtained a different Chief Financial Officer particularly dedicated to managing payments. This offers us with a safe and secure and dependable method of making payments to our 10,000 employees worldwide.}
the BEST worldwide payroll managment app, conserves me hours of time every month, one single control panel for my payroll, EOR and contractors
Staff member Portal
Staff members have access to an Employee Portal where they can view their pay slips, wage and tax statements and work documents. The website is readily available in several languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global assists companies offer competitive benefits plans to worldwide workers regardless of the number of employees in the company. The company can set up medical insurance, short-term and long-term impairment, vision, dental and maternity leave while removing the need to source local advantages companies in every nation, develop local accounts and have a minimum number of workers.
The HR abilities supplied by International HR encompass numerous functions such as keeping track of getaway time, guaranteeing compliance, facilitating the process of welcoming new workers and bidding goodbye to departing ones, offering a safe online platform for storing employees' documents, and supplying assistance for work allow treatments in case your employees require support because location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force diversity, total work costs dispersed per place, overall work expenses per cycle and far more.
environments around the world I supplied management and technique to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll techniques for as Mark stated I work across the business handling and building external relationships supporting Business clients and services in addition to serving as an advisor for those of you that do not know who papaya Global is papaya is the first payroll and payments
company to make the time 100 list for many influential companies worldwide we offer payroll payments and workforce management to all employee enters over 160 nations I am pleased to state that we also have as Mark said Johnny Nash with us today Johnny would you like to present yourself obviously thank you good morning good afternoon great evening depending upon where you remain in the world it's beautiful to satisfy you and thank you quite for your time as Ian stated 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 complexity the difficulty 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've type of had a variety of different functions on the provider side and also on the vendor side from a payroll point of view so truly looking forward to this conversation today um and yeah thank you quite for your time everybody all right thanks Johnny uh we'll simply give everyone another number of uh well among the 30 seconds approximately to join all of us work back to back nowadays so we'll kind of let them do that so it 'd be quite intriguing and I can see it going on already just to hear where everybody is um it's nice to to sort of like see where everybody comes from and I truly do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunshine is it it's not no it's it's raining here it's very really uninspiring and I wish 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 taking a look at the challenge years of managing Worldwide payroll why companies keep separate
Virtual payroll accounts are an alternative to conventional bank accounts for managing payroll payments. This is particularly helpful for worldwide companies with dispersed and remote labor forces, as it simplifies the complicated process of cross-border payments. Instead of keeping separate checking account for payroll in various nations, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will explore the advantages of using virtual payroll accounts and go over why they are becoming a strategic property for payroll executives. We will also provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Making sure precise, efficient, and timely payroll payments is a complex difficulty for organizations operating internationally. Join us for a webinar to check out the advantages and downsides of payroll wallets versus payroll savings account, find out how business anticipate payroll expenses to enhance working capital, and find how simplifying international payroll payments can transform them from a difficult job into a tactical property.
Handling payroll internationally is a challenging job due to numerous regulations, compliance requirements, data security issues, and banking guidelines. The large number of staff members and services contributes to the complexity, with an approximated 3.5 billion individuals in the global workforce, 500 million of whom are in Africa, and 230 million organizations worldwide.
Standard payroll systems frequently result in manual procedures, information silos, and an absence of combination, resulting in inconsistencies and inefficiencies. Despite living in a period of technological improvements, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed by hand, frequently using pen and paper. This webinar aims to provide insights and services to streamline and enhance worldwide payroll payments.
about it to provide you an idea of how far there still is to come according to Deloitte just 11 of organizations state they have Workforce data in real time that's another number that provides me sleep deprived nights and quite honestly the more a service spends on global payroll the less of an image they see an absence of exposure likewise encompasses payroll payments and inability to properly track these payments can cause compliance mishaps in the last mile of the deal nearly half of worldwide organizations have expressed that they do not have the level of standardization they need in their processes or want and as a result eighty percent of mistakes are because of time reporting poor HCM data data entry mistakes improperly interacted hires and terminations in addition to absence management and system configurations and after that when you round it all off and the data is delivered to the wrong place the typical cost of an international data breach at this moment is 3.9 billion dollars when 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 multiple procedures systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the difficulties company face when they're making payments to employees or otherwise that's an excellent question I always throw this back and state what is it what does not need to be consisted of best and what does
it require to be considered there's differing Bank details so the length of an eye band a swift an account number routing code per nation there's payment amount of time there's payment abilities so can you pay it from International or do you need to pay from an in-country account do you have to pay from the consumer's own in-country account so there's complexity anywhere you look right eventually building a knowledge base is definitely crucial but everywhere you look with payroll payment they are like super payments no if however some infants about it you are all superheroes processing payments for payroll if you look at the kind of link between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are definitely essential and technology is allowing us to type of move on with that it likewise too to add to that payroll and financing require to work closer together um with varying Savings account Particulars differing banking requirements and setup processes is absolutely vital that payroll and finance teams work better together than ever um I'm constantly impressed when individuals state I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who does not operate in the payroll occupation would they divide the payroll payment from computation I would say no so why do we as an industry 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 information collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory third parties so with the
The modern world places a high worth on wellness and the settlement landscape is ending up being increasingly elaborate. Businesses are continually introducing brand-new benefits and payment alternatives, which adds to the overall complexity. Big corporations often divide their payroll and payment processing into different teams, which can result in ineffectiveness and traffic jams. In my opinion, this does not have to hold true. In today's technically sophisticated period, there's no reason for keeping troublesome procedures. Payroll, the business's greatest expense, should be processed properly and on time. Even minor delays can adversely affect workers' well-being and have significant repercussions. Therefore, it's critical to focus on accurate and prompt payments.
payroll group get um so I'm not sure anyone on this type of webinar has actually been told thank you for processing my payroll correctly if you have it 'd be fantastic to hear your success story and whether that's been from all employees or not um however ultimately payroll is such a crucial cycle we all become aware of it when it goes wrong everybody jumps up and down when it goes wrong but when it goes right it's just a tick box workout and I think that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this things is absolutely essential that all of this things is done correctly so leveraging the first International Payments very first payroll payment option is a fantastic first step um providing an end-to-end payroll option for your workers worldwide again I believe is another substantial um process again lining up and guaranteeing you have standardization Worldwide processes all of those things are absolutely essential to success success of businesses and minimizing the number of tools platforms and bank accounts they need for their Global payroll too could not agree with you more and on the the front in terms of of the thank yous for getting payroll done I have actually never had a hundred thousand of them within a payroll cycle don't anticipate to you do get the odd 5 or ten or whatever it might be with the with the the grievances where things have not gone rather where they're indicated to be um I do not believe any of us are in fact doing that for for the thanks
anyhow we understand how how important a role it is and that'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 easy as possible for everybody that's involved in those procedures and also so picture sorry I'm just I was just gon na say think of the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I make sure we're speaking about numerous thousands potentially Millions envision getting that many thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got however it would absolutely be an interesting task trying to clean all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to look through them and really see what was going on and type of try to get back to everybody so moving on appearance why do business select to primary separate savings account there are companies out there doing exactly this for specific nations and I've worked in an organization or lots of organizations doing exactly that I can state it doesn't always feel effective and it does create more work I know we're not purposely doing that we're not creating additional work for anybody where we do not need to and anyone that's dealing with that procedure I 'd be interested to hear your ideas Johnny why do you think that we're doing that in in the in the amount that we are I think numerous reasons one is it's the requirement I believe individuals have actually got so utilized to we require a brand-new checking account we open an entity and appropriately so you need 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 the people have embraced and continue to do over years and years gone past to contribute to that people have actually looked at things like trust accounts and lots of other ways um to to type of do it so I think there's a variety I believe this is a procedure that needs taking a look at it requires altering but eventually people are really stuck with what they recognize
with best um modification is a tough thing all of us do not like change um so I believe it's simply type of moving far from the norm as we've said so yeah so it keeps a great deal of track of stuff um I understand certainly the advantages of having keeping several bank accounts however there's a big quantity of complexity goes with setting up a savings account maintaining it guaranteeing it can send out International transfers ensuring it's set up with the right user accesses for private individuals so the intricacy is substantial however I think the sincere response is modification um individuals have not been able to change or haven't had always the knowledge to actually make that change into alternate Solutions other than opening a bank account I think you've hit the nail on the head I think it is understanding you understand and there is a component of resistance to alter but we have actually constantly done it that way is no genuine excuse for not taking a look at the the benefits and the possibilities of moving on and moving into you know what might almost be figured out to be the next Century or two there is a lot to track and this approach does posture numerous challenges um so Johnny might you inform us about those difficulties yeah of course so there's a range 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 resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International employees you should have a corner workplace with a better parking space since I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location