Find out more about Papaya Global Benefits ... We now have the capability to manage both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has actually gotten a separate Chief Financial Officer specifically dedicated to managing payments. This provides us with a safe and dependable method of making payments to our 10,000 employees worldwide.}
the very best international payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and professionals
Staff member Portal
Staff members have access to an Employee Website where they can view their pay slips, wage and tax statements and employment documents. The portal is available in several languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global helps companies use competitive advantages plans to global workers no matter the variety of staff members in the company. The company can establish medical insurance, short-term and long-term impairment, vision, oral and maternity leave while eliminating the requirement to source local benefits companies in every country, produce regional accounts and have a minimum number of staff members.
The HR capabilities provided by Global HR incorporate various functions such as keeping track of holiday time, making sure compliance, helping with the procedure of inviting brand-new workers and bidding goodbye to leaving ones, providing a safe online platform for storing employees' documents, and providing assistance for work allow procedures in case your workers require help in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force costs, workforce diversity, overall work costs distributed per location, overall work costs per cycle and a lot more.
Globally, I have actually demonstrated management and strategic knowledge in assisting large-scale populations of over 100,000 staff members throughout 170 countries. Presently, I are accountable for supervising payroll methods, as pointed out by Mark. My role involves handling and developing external partnerships, supporting Business customers, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments options company.
As an international business, we are honored to be included on the distinguished Time 100 list of the most influential business worldwide. We specialize in supplying payroll and labor force management services to staff members in more than 160 countries. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny introduce himself. Good day to all, regardless of your location. It's a pleasure to fulfill you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments industry, I have focused on payroll and payment solutions for the past 7 years. The intricacies and obstacles of this field have actually constantly captivated me.
payroll payments and decided to sort of make a genuine go at that over the last 5 or six years where I've kind of had a range of different functions on the company side and also on the supplier side from a payroll perspective so really looking forward to this discussion today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll simply offer everyone another couple of uh well among the 30 seconds or two to join we all work back to back nowadays so we'll kind of let them do that so it 'd be rather intriguing and I can see it going on currently simply to hear where everybody is um it's nice to to kind of like see where everyone comes from and I really do hope it's much sunnier than it remains 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 extremely really uninspiring and I want I was somewhere else at this moment in time okay so let's start our agenda for today is as follows um we are going to be looking at the obstacle years of managing Worldwide payroll why companies keep different
Virtual payroll accounts are an alternative to conventional savings account for handling payroll payments. This is particularly beneficial for worldwide companies with dispersed and remote labor forces, as it streamlines the complex procedure of cross-border payments. Instead of keeping different bank accounts for payroll in different countries, virtual accounts and digital wallets offer a more streamlined solution. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are becoming a strategic possession for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Ensuring accurate, efficient, and prompt payroll payments is a complex challenge for services operating globally. Join us for a webinar to explore the advantages and drawbacks of payroll wallets versus payroll bank accounts, find out how companies forecast payroll expenses to optimize working capital, and discover how enhancing worldwide payroll payments can transform them from a challenging task into a tactical possession.
Managing payroll internationally is a daunting task due to different regulations, compliance requirements, data security issues, and banking guidelines. The large variety of workers and companies contributes to the complexity, with an approximated 3.5 billion individuals in the worldwide workforce, 500 countless whom remain in Africa, and 230 million businesses worldwide.
Traditional payroll systems frequently lead to manual processes, information silos, and an absence of combination, resulting in disparities and inefficiencies. In spite of living in a period of technological advancements, payroll management has been sluggish to adjust, with as much as 25% of payroll still processed manually, frequently utilizing pen and paper. This webinar goals to provide insights and options to simplify and optimize international payroll payments.
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of services state they have Workforce information in real time that's another number that offers me sleepless nights and quite frankly the more a service spends on worldwide payroll the less of a picture they see an absence of presence likewise extends to payroll payments and failure to precisely track these payments can cause compliance incidents in the last mile of the deal almost half of global organizations have revealed that they don't have the level of standardization they need in their processes or want and as a result eighty percent of errors are because of time reporting bad HCM information data entry mistakes inadequately communicated hires and terminations along with absence management and system configurations and then when you round all of it off and the data is shipped to the wrong location the average cost of a global information 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 don't run efficiently if they depend on the necessary numerous processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties company face when they're paying to workers or otherwise that's a great concern I always toss this back and state what is it what doesn't require to be consisted of right 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 country 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 need to pay from the consumer's own in-country account so there's complexity any place you look right eventually developing a knowledge base is absolutely crucial however everywhere you look with payroll payment they resemble super payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the sort of link in between fintech and payroll it's closer than ever I believe there's now a bit more acknowledgment that payroll payments are absolutely basic and technology is permitting us to sort of move forward with that it also as well to contribute to that payroll and finance need to work closer together um with differing Savings account Particulars differing banking requirements and setup procedures is definitely essential that payroll and finance groups work closer together than ever um I'm always astonished when people state I have actually divided payroll and payment um if you walk down the street and asked anyone what is payroll who doesn't operate in the payroll occupation would they divide the payroll payment from estimation 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 ultimately it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying people any place they are but likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and wellness being increasingly more important to add to kind of the level of intricacy there's increasingly more advantages being organ or being offered by services throughout the world so again you're just aiming to add more and more payments to this currently intricate 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 challenges or real difficult sort of pay utilizes to play to pay individuals I think yeah I mean over the last well yeah a couple of decades I would definitely say that the bigger an organization gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the task there are groups feeding info into the next function as it were that's in fact managing the payment side of things however you know in in my opinion and my experience that does not always need to be the case you understand long gone are the times where we require to develop additional handoffs in the processes that we run in they simply make them more prompt they make them less efficient and they do not make them what they need to be in in an era of tech and a period that you know that we are working in today there is no reason that we are still making this as tough as it needs to be agreed and rightly as you said payroll is the single biggest liability that any service has from a cost point of view from an effect point of view on employees it is absolutely crucial that it's done properly and on time so what we mean by that is not a day before not a day after on pay day and payments need to be done right it has the greatest detrimental result on people's wellness and numerous other factors if individuals aren't paid uh I have actually always been astonished entering into this Market kind of the last five to 10 years is how little thanks the
payroll team get um so I'm not sure anybody on this kind of webinar has been told thank you for processing my payroll properly if you have it 'd be excellent to hear your success story and whether that's been from all staff members or not um however eventually payroll is such an important cycle all of us become aware of it when it fails everyone jumps up and down when it goes wrong however when it goes right it's just a tick box workout and I believe that's how it's seen from the external consider as well um so yeah it's likewise like why WI-Fi Global why all of this things is absolutely crucial that all of this stuff is done correctly so leveraging the very first International Payments first payroll payment option is a great initial step um supplying an end-to-end payroll solution for your workers worldwide again I think is another big um process once again aligning and ensuring you have standardization Global processes all of those things are absolutely essential to success success of businesses and lowering the number of tools platforms and bank accounts they require for their Worldwide 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've never ever had a hundred thousand of them within a payroll cycle don't expect to you do get the odd 5 or ten or whatever it might be with the with the the problems where things haven't gone rather where they're suggested to be um I don't believe any of us are really doing that for for the thanks
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 everybody that's associated with those procedures and likewise so think of sorry I'm simply I was just gon na state think of the quantity of thanks you got if you might cover the amount of individuals that we cover within this webinar I'm sure we're speaking about hundreds of thousands potentially Millions picture getting that lots of thank you notes um I imply it 'd be interesting to see the number of Post-it notes you got but it would certainly be a fascinating task trying to clean all those up for sure oh absolutely I can't imagine the size of my my Outlook inbox if that held true um you 'd need days of the week to attempt to look through them and really see what was going on and type of try to return to everyone so moving on appearance why do business select to primary separate bank accounts there are companies out there doing precisely this for particular countries and I've operated in a business or many services doing precisely that I can state it does not constantly feel effective and it does create more work I know we're not intentionally doing that we're not creating additional work for anyone where we don't need to and any person that's handling that process I 'd be interested to hear your thoughts Johnny why do you think 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 think individuals have actually got so used to we need a brand-new bank account we open an entity and appropriately so you require it for payroll functions however there are a number of markets where it's not a requirement so I believe it's just been the standard and the standard individuals have adopted and continue to do over years and years passed by to add to that individuals have taken a look at things like trust accounts and lots of other methods um to to type of do it so I think there's a range I believe this is a process that requires looking at it requires changing however eventually individuals are really stuck with what they're familiar
with right um change is a challenging thing we all don't like modification um so I think it's simply type of moving far from the norm as we've said so yeah so it keeps a lot of track of stuff um I understand clearly the benefits of having maintaining multiple savings account however there's a substantial quantity of complexity goes with setting up a bank account keeping it guaranteeing it can send out International transfers guaranteeing it's established with the best user accesses for private people so the complexity is substantial but I think the sincere response is change um people have not had the ability to alter or haven't had always the knowledge to actually make that change into alternate Solutions other than opening a checking account I think you have actually hit the nail on the head I think it is understanding you know and there is an element of resistance to alter however we've constantly done it that way is no genuine excuse for not looking at the the advantages and the possibilities of carrying on and moving into you know what could almost be identified to be the next Century or so there is a lot to monitor and this technique does position numerous challenges um so Johnny could you tell 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 Worldwide employees you should have a corner workplace with a better parking space because I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location