Find out more about Papaya Global Congo ... 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 acquired a separate Chief Financial Officer particularly dedicated to handling payments. This provides us with a protected and trusted method of making payments to our 10,000 workers worldwide.}
the BEST worldwide payroll managment app, conserves me hours of time every month, one single dashboard for my payroll, EOR and professionals
Staff member Website
Workers have access to an Employee Portal where they can see their pay slips, wage and tax statements and work documents. The website is offered in several languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps companies provide competitive benefits plans to international workers regardless of the number of employees in the company. The business can set up health insurance, short-term and long-lasting disability, vision, dental and maternity leave while removing the need to source local advantages service providers in every nation, develop regional accounts and have a minimum variety of staff members.
The HR abilities supplied by Worldwide HR encompass numerous functions such as monitoring trip time, ensuring compliance, helping with the process of inviting brand-new staff members and bidding goodbye to departing ones, providing a safe and secure online platform for storing workers' files, and providing assistance for work permit treatments in case your staff members require help because area.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force costs, labor force variety, overall work expenses distributed per area, total employment costs per cycle and a lot more.
Worldwide, I have actually shown leadership and tactical proficiency in assisting massive populations of over 100,000 employees throughout 170 nations. Currently, I are accountable for supervising payroll strategies, as pointed out by Mark. My function includes handling and establishing external partnerships, supporting Business customers, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
company to make the time 100 list for a lot of influential business worldwide we provide payroll payments and labor force management to all worker enters over 160 nations I am pleased to state that we likewise have as Mark said Johnny Nash with us today Johnny would you like to present yourself obviously thank you good morning great afternoon good evening depending upon where you remain in the world it's charming to meet you and thank you quite 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 industry for over 10 years and particularly working on the payroll and payment sector for over 7 years um I was captivated by the complexity the trouble in all of the above of
payroll payments and chose to kind of make a real go at that over the last 5 or six years where I have actually kind of had a range of various functions on the provider side and also on the vendor side from a payroll viewpoint so truly 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 everybody another number of uh well among the 30 seconds approximately to join we all work back to back these days so we'll type of let them do that so it 'd be quite 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 actually do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunlight is it it's not no it's it's drizzling here it's extremely very uninspiring and I wish I was elsewhere at this moment in time fine so let's start our program for today is as follows um we are going to be taking a look at the obstacle years of managing International payroll why business preserve different
Virtual payroll accounts are an alternative to traditional savings account for managing payroll payments. This is particularly beneficial for worldwide organizations with dispersed and remote workforces, as it simplifies the intricate process of cross-border payments. Instead of preserving separate bank accounts for payroll in different nations, virtual accounts and digital wallets provide a more streamlined solution. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are ending up being a tactical asset for payroll executives. We will also offer a wrap-up of the bottom lines covered and leave time for a Q&A session at the end.
making payroll payments precisely efficiently safely and on time during this webinar we'll stroll you through the worldwide advantages and disadvantages of a payroll wallet versus a payroll savings account how business properly forecast their payroll costs to increase working capital and how enhancing Worldwide payroll payments can turn them from a siled pane into a strategic asset so payroll can be challenging in adequate in one nation however when you're doing it worldwide it's next level and Beyond it ends up being complicated for a variety of factors most significantly guidelines compliance data security and banking guidelines then there are the sheer numbers they add further intricacy the worldwide Workforce is presently three and a half billion people by 2030 it's approximated that in Africa alone they will contribute and further 1.1 billion people that number is currently 500 million just for for a scale then consider that there are some 230 million businesses and growing all doing their own thing all over the world in the traditional payroll model there's often a frustrating number of different systems leading to lengthy manual processes and silos the variety of Integrations could be non-existent in big amounts and or really extremely standard there's no real consistency structure we're living in an age of tech however payroll has actually been slow to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper and that simply blows my mind whenever I I think
about it to give you a concept of how far there still is to come according to Deloitte only 11 of organizations say they have Labor force data in real time that's another number that offers me sleepless nights and rather frankly the more an organization invests in global payroll the less of a picture they see an absence of visibility also extends to payroll payments and inability to accurately track these payments can result in compliance accidents in the last mile of the transaction almost half of international businesses 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 errors are because of time reporting bad HCM information data entry errors inadequately communicated hires and terminations in addition to absence management and system setups and then when you round it all off and the data is shipped to the incorrect location the typical expense of a worldwide information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still require to move the cash around the globe payroll and payments don't run smoothly if they depend on the necessary numerous procedures systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the obstacles company face when they're paying to staff members or otherwise that's a good question I always toss this back and state what is it what doesn't need to be consisted of right and what does
it require to be considered there's varying 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 have to pay from the customer's own in-country account so there's intricacy wherever you look right ultimately developing a knowledge base is absolutely critical however everywhere you look with payroll payment they are like extremely payments no if but some babies about it you are all superheroes processing payments for payroll if you 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 essential and technology is enabling us to kind of move forward with that it likewise too to add to that payroll and finance require to work closer together um with varying Checking account Details differing banking requirements and setup procedures is absolutely crucial that payroll and finance groups work closer together than ever um I'm constantly amazed when individuals state I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not work in the payroll profession would they split 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 ultimately it's payroll is an end-to-end procedure it's the point of data collection all the way through to paying individuals wherever they are but also paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being increasingly more crucial to add to type of the level of complexity there's a growing number of advantages being organ or being used by businesses throughout the world so again you're simply aiming to add more and more payments to this already complex landscape so if you kind of got any experience well I'm from your large experience here and I make sure however have you got any experience in kind of genuine obstacles or genuine tough kind of pay utilizes to play to pay people I think yeah I mean over the last well yeah a number of years I would absolutely state that the bigger a service gets the more it tends to segregate the payroll and the payments functions um there are teams doing one part of the job there are teams feeding details into the next function as it were that's in fact managing the payment side of things but you know in in my opinion and my experience that doesn't always require to be the case you know long gone are the times where we require to develop additional handoffs in the processes that we run in they just make them more prompt they make them less effective and they do not make them what they require to be in in an age of tech and a period that you know that we are working in today there is no reason we are still making this as tough as it needs to be concurred and appropriately as you said payroll is the single most significant liability that any service has from a cost viewpoint from an effect viewpoint on employees it is absolutely vital 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 damaging impact on people's wellness and numerous other aspects if people aren't paid uh I have actually always been astonished entering this Market sort of the last 5 to ten years is how little thanks the
payroll team get um so I'm not sure anybody on this sort of webinar has been informed 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 workers or not um but ultimately payroll is such an essential cycle all of us find out about it when it fails everyone jumps up and down when it goes wrong however when it goes right it's simply a tick box exercise 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 stuff is definitely essential that all of this things is done correctly so leveraging the very first Global Payments first payroll payment option is a great primary step um offering an end-to-end payroll solution for your employees worldwide once again I believe is another big um procedure once again aligning and guaranteeing you have standardization International processes all of those things are definitely crucial to success success of companies and lowering the variety of tools platforms and checking account they need for their Global payroll too couldn't agree with you more and on the the front in terms of of the thank yous for getting payroll done I've never had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd 5 or ten or whatever it might be with the with the the problems where things have not gone quite where they're implied to be um I do not think any of us are in fact doing that for for the thanks
anyhow we understand how how important a function 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 simple as possible for everybody that's associated with those processes and likewise so envision sorry I'm just I was just gon na state picture the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I make sure we're discussing hundreds of thousands potentially Millions envision getting that many thank you notes um I indicate it 'd be interesting to see how many Post-it notes you got however it would absolutely be an intriguing job trying to clean up all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to look through them and actually see what was going on and type of shot to return to everyone so proceeding look why do business pick to primary different savings account there are businesses out there doing precisely this for specific countries and I've worked in a business or many companies doing exactly that I can say it doesn't always feel efficient and it does produce more work I understand we're not deliberately doing that we're not producing extra work for anyone where we do not need to and any person that's managing that process I 'd be interested to hear your ideas Johnny why do you believe that we're doing that in in the in the amount that we are I think lots of factors one is it's the standard I think individuals have actually got so utilized to we need a new savings account we open an entity and appropriately 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 just been the requirement and the norm the people have actually adopted and continue to do over years and years gone past to add to that individuals have actually taken a look at things like trust accounts and numerous other ways um to to kind of do it so I believe there's a variety I think this is a procedure that requires looking at it requires changing however eventually individuals are really stuck with what they're familiar
with best um change is a tough thing we all don't like modification um so I think it's just kind of moving far from the norm as we've said so yeah so it keeps a lot of track of things um I comprehend obviously the advantages of having preserving multiple checking account however there's a substantial quantity of intricacy chooses establishing a bank account maintaining it ensuring it can send International transfers ensuring it's established with the ideal user accesses for private individuals so the complexity is big but I think the truthful answer is change um people have not had the ability to change or have not had necessarily the understanding to actually make that change into alternate Solutions other than opening a savings account I believe you have actually struck 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 real reason for not taking a look at the the advantages and the possibilities of proceeding and moving into you understand what could practically be determined to be the next Century or so there is a lot to track and this approach does pose numerous difficulties um so Johnny could you inform us about those obstacles yeah of course so there's a variety right there is so
I recently made a change to our Enterprise system by transitioning to OS. As a result, we can now handle our payroll and payment tasks on one platform. It seems like our CFO has actually gained another CFO, and with this enhanced ability, I have actually successfully secured payments for our 10,000 employees worldwide. Your commitment to mastering worldwide payroll and payments using Papaya payroll OS is good. You deserve a corner workplace with a parking space that is better, considering your achievements.
Papaya Global Bangalore Office Location