Find out more about Papaya Global Georgia ... We now have the capability to manage both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually obtained a separate Chief Financial Officer specifically committed to handling payments. This offers us with a safe and dependable method of paying to our 10,000 employees worldwide.}
The innovative international payroll management app streamlines my payroll process, conserving me a significant amount of time monthly. With its easy to use interface, I have access to a single dashboard that effectively manages my payroll, EOR, and specialists.
Worker Portal
Employees have access to an Employee Portal where they can see their pay slips, wage and tax declarations and employment documents. The portal is readily available in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps business offer competitive benefits plans to international workers regardless of the number of workers in the company. The company can establish health insurance, short-term and long-term disability, vision, oral and maternity leave while getting rid of the need to source local advantages suppliers in every country, develop local accounts and have a minimum number of workers.
The HR abilities offered by International HR include various functions such as keeping an eye on holiday time, making sure compliance, helping with the procedure of welcoming new workers and bidding farewell to departing ones, providing a secure online platform for keeping employees' files, and supplying assistance for work permit procedures in case your workers need support because location.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, workforce diversity, overall employment costs dispersed per area, total work expenses per cycle and far more.
Globally, I have shown management and strategic knowledge in guiding massive populations of over 100,000 employees throughout 170 nations. Presently, I am responsible for overseeing payroll techniques, as discussed by Mark. My role involves managing and establishing external collaborations, supporting Enterprise customers, and providing advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments options supplier.
business to make the time 100 list for most influential companies worldwide we provide payroll payments and workforce management to all employee types in over 160 nations I am pleased to say that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself of course thank you good morning good afternoon great evening depending on where you are in the world it's lovely 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 have actually remained in the payments market for over 10 years and specifically working on the payroll and payment sector for over 7 years um I was fascinated by the complexity the problem in all of the above of
payroll payments and chose to type of make a real go at that over the last five or six years where I have actually type of had a range of various functions on the service provider side and also on the supplier side from a payroll point of view so truly anticipating this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply provide everyone another number of uh well one of the 30 seconds or two to join we all work back to back nowadays so we'll type of let them do that so it 'd be quite fascinating and I can see it going on currently simply to hear where everybody is um it's nice to to sort of like see where everyone originates from and I truly do hope it's much sunnier than it is in the UK today certainly not the peak of the sunshine is it it's not no it's it's drizzling here it's really very gloomy and I wish I was elsewhere at this moment in time okay so let's get started our agenda for today is as follows um we are going to be looking at the challenge years of managing International payroll why companies preserve separate
Virtual payroll accounts are an alternative to conventional bank accounts for handling payroll payments. This is particularly beneficial for international organizations with dispersed and remote labor forces, as it simplifies the complicated process of cross-border payments. Instead of preserving separate bank accounts for payroll in various countries, virtual accounts and digital wallets provide a more streamlined option. In this webinar, we will check out the benefits of using virtual payroll accounts and discuss why they are ending up being a tactical possession for payroll executives. We will also supply a recap of the main points covered and leave time for a Q&A session at the end.
making payroll payments accurately efficiently safely and on time during this webinar we'll walk you through the worldwide pros and cons of a payroll wallet versus a payroll savings account how companies accurately anticipate their payroll costs to increase working capital and how enhancing Global payroll payments can turn them from a siled pane into a tactical possession so payroll can be challenging in enough in one country but when you're doing it worldwide it's next level and Beyond it ends up being intricate for a range of reasons most significantly regulations compliance information security and banking rules then there are the sheer numbers they include additional intricacy the global Workforce is presently 3 and a half billion individuals by 2030 it's approximated that in Africa alone they will contribute and additional 1.1 billion people that number is presently 500 million just for for a scale then factor in that there are some 230 million organizations and growing all doing their own thing around the globe in the conventional payroll model there's frequently a frustrating variety of different systems leading to lengthy manual processes and silos the number of Combinations could be non-existent in large quantities and or really very basic there's no real consistency structure we're residing in an era 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 often with pen and paper and that simply blows my mind each time I I think
about it to give you a concept of how far there still is to come according to Deloitte only 11 of companies say they have Workforce data in real time that's another number that offers me sleep deprived nights and quite frankly the more a business spends on international payroll the less of an image they see an absence of presence likewise reaches payroll payments and failure to precisely track these payments can result in compliance accidents in the last mile of the transaction almost half of worldwide organizations have expressed that they do not have the level of standardization they require in their procedures or desire and as a result eighty percent of errors are because of time reporting bad HCM data information entry errors badly interacted hires and terminations as well as absence management and system setups and then when you round it all off and the information is delivered to the wrong place the average expense of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money around the world payroll and payments don't run smoothly if they count on the necessary numerous procedures 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 obstacles business face when they're making payments to staff members or otherwise that's an excellent concern I constantly throw this back and say what is it what doesn't need to be included best and what does
it require to be thought about 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 capabilities 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 client's own in-country account so there's complexity wherever you look right eventually constructing a knowledge base is definitely critical however everywhere you look with payroll payment they resemble very payments no if but some infants 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 believe there's now a bit more acknowledgment that payroll payments are definitely basic and innovation is allowing us to type of move forward with that it likewise also to contribute to that payroll and financing require to work closer together um with differing Savings account Particulars differing banking requirements and setup processes is definitely vital that payroll and financing teams work closer together than ever um I'm always amazed when individuals state I have actually split payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't operate in the payroll occupation would they divide the payroll payment from calculation I would say no so why do we as an industry accept that why our payroll and payments so typically 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 any place they are however likewise paying statutory authorities and on statutory 3rd parties so with the
world we live in and well-being being increasingly more important to contribute to sort of the level of complexity there's more and more advantages being organ or being offered by organizations throughout the world so again you're just wanting to add increasingly more payments to this currently intricate landscape so if you kind of got any experience well I'm from your huge experience here and I make certain however have you got any experience in kind of real challenges or real challenging sort of pay utilizes to play to pay individuals I think yeah I suggest over the last well yeah a number of decades I would certainly state 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 details into the next function as it were that's really managing the payment side of things but you know in in my viewpoint and my experience that does not necessarily require to be the case you understand long gone are the times where we need to develop additional handoffs in the processes that we operate in they just make them more prompt they make them less efficient and they don't make them what they need to be in in an era of tech and an age that you understand that we are operating in today there is no reason why we are still making this as tough as it requires to be agreed and appropriately as you said payroll is the single biggest liability that any organization has from a cost viewpoint from an impact perspective on employees it is definitely 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 have to be done right it has the greatest destructive result on people's wellness and many other factors if people aren't paid uh I've constantly been astonished entering into this Market type of the last five to ten years is how little thanks the
payroll group get um so I'm unsure anybody on this type of webinar has been told thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all workers or not um but eventually payroll is such an important cycle we all hear about it when it goes wrong everybody jumps up and down when it fails however when it goes right it's just a tick box exercise and I think that's how it's seen from the external consider as well um so yeah it's also like why WI-Fi Global why all of this things is absolutely important that all of this stuff is done correctly so leveraging the very first Worldwide Payments very first payroll payment service is a fantastic initial step um supplying an end-to-end payroll service for your employees worldwide once again I think is another huge um process again aligning and ensuring you have standardization Worldwide procedures all of those things are definitely essential to success success of services and lowering the number 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 ever had a hundred countless them within a payroll cycle don't anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things haven't gone quite where they're meant to be um I do not think any of us are really doing that for for the thanks
anyway we know how how crucial 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 simple as possible for everyone that's involved in those processes and likewise so imagine sorry I'm just I was simply gon na say imagine the amount of thanks you got if you could cover the quantity of individuals that we cover within this webinar I'm sure we're discussing hundreds of thousands potentially Millions picture getting that numerous thank you keeps in mind um I suggest it 'd be interesting to see the number of Post-it notes you got however it would certainly be an intriguing job attempting to clean up all those up for sure oh definitely I can't picture 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 in fact see what was going on and type of shot to return to everyone so moving on look why do companies pick to main different savings account there are services out there doing exactly this for specific nations and I've operated in a service or numerous companies doing precisely that I can state it doesn't always feel effective and it does produce more work I know we're not purposely doing that we're not developing extra work for any person where we do not have to and anyone that's handling that process I 'd be interested to hear your ideas 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 requirement I believe people have got so utilized to we require a brand-new bank 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 believe it's just been the requirement and the standard the people have adopted and continue to do over years and years passed by to contribute to that individuals have looked at things like trust accounts and many other ways um to to kind of do it so I believe there's a variety I believe this is a procedure that needs taking a look at it needs altering but eventually people are really stuck to what they recognize
with best um change is a difficult thing we all don't like change um so I think it's just type of moving away from the norm as we have actually said so yeah so it keeps a lot of track of things um I understand clearly the benefits of having maintaining numerous checking account however there's a big amount of intricacy opts for establishing a savings account keeping it ensuring it can send out International transfers ensuring it's established with the best user accesses for private individuals so the complexity is big but I believe the honest answer is change um people haven't been able to change or have not had always the knowledge to truly make that change into alternate Solutions other than opening a checking account I think you've struck the nail on the head I think it is understanding you know and there is an aspect of resistance to alter however 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 figured out to be the next Century or so there is a lot to track and this technique does pose a number of difficulties um so Johnny might you inform us about those challenges yeah obviously so there's a variety right there is so
I simply did you switched 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 Global employees you deserve a corner office with a closer parking space due to the fact that I mastered Worldwide payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location