Find out more about Papaya Global Guinea ... We now have the ability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer particularly dedicated to handling payments. This offers us with a safe and secure and trustworthy method of making payments to our 10,000 workers worldwide.}
the very best international payroll managment app, conserves me hours of time each month, one single dashboard for my payroll, EOR and professionals
Staff member Portal
Employees have access to a Worker Portal where they can see their pay slips, wage and tax declarations and work files. The portal is offered in numerous languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists business use competitive advantages plans to international staff members no matter the number of staff members in the business. The company can establish medical insurance, short-term and long-term special needs, vision, oral and maternity leave while removing the requirement to source local benefits companies in every country, create regional accounts and have a minimum variety of workers.
The HR abilities supplied by Global HR incorporate various functions such as keeping track of vacation time, ensuring compliance, assisting in the procedure of welcoming new employees and bidding goodbye to departing ones, providing a protected online platform for keeping employees' files, and providing assistance for work allow procedures in case your employees need support in that location.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, workforce diversity, overall employment costs dispersed per location, total employment expenses per cycle and much more.
environments around the world I provided management and strategy to populations of over a hundred thousand employees in more than 170 countries today I'm the payroll methods for as Mark said I work throughout the business managing and structure external relationships supporting Enterprise clients and services in addition to functioning as a consultant for those of you that do not understand who papaya International is papaya is the first payroll and payments
As a worldwide business, we are honored to be included on the prestigious Time 100 list of the most influential business worldwide. We specialize in offering payroll and labor force management services to staff members in more than 160 nations. I am delighted to introduce Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, despite your area. It's a satisfaction to satisfy 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 actually focused on payroll and payment options for the past seven years. The complexities and difficulties of this field have actually always mesmerized me.
payroll payments and chose to sort of make a real go at that over the last five or six years where I've type of had a variety of various functions on the service provider side and also on the supplier side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll simply provide everyone another couple of uh well among the 30 seconds or two to join all of us work back to back these days so we'll kind of let them do that so it 'd be quite interesting and I can see it going on currently simply to hear where everyone is um it's nice to to kind of like see where everybody 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 raining here it's extremely extremely dreary and I wish I was somewhere else at this moment in time alright so let's start our agenda for today is as follows um we are going to be looking at the challenge years of managing International payroll why business maintain different
checking account payroll virtual wallets versus payroll bank accounts payroll payroll uh sorry papaya payroll payments forecasting payroll costs utilizing virtual payroll accounts improving papaya International payroll payments as a tactical property uh we'll likewise go over a wrap-up and that needs to leave his time at the very extremely end for a q a session so as the title of the webinar suggests payroll officers on relocating to Virtual payroll accounts and here is why as dispersed to remote and Global workforces end up being increasingly more common and handling them ends up being a growing number of complex International organizations are seeking to discover Solutions and brand-new methods to improve procedures particularly from a payroll and cross-border payment perspective many organizations maintain separate checking account just for payroll while some have several accounts in various nations does it make good sense for business to maintain separate bank accounts sometimes in various nations it does but just for payroll is there a much better way what role do virtual accounts and digital wallets also referred to as virtual wallets play in helping international business simplify the episode complex processes of
making payroll payments properly effectively safely and on time during this webinar we'll walk you through the global advantages and disadvantages of a payroll wallet versus a payroll bank account how business precisely forecast their payroll costs to increase working capital and how simplifying Global payroll payments can turn them from a siled pane into a tactical property so payroll can be difficult in adequate in one nation however when you're doing it worldwide it's next level and Beyond it ends up being intricate for a variety of factors most notably policies compliance data security and banking guidelines then there are the sheer numbers they include additional intricacy the global Labor force is presently three and a half billion people by 2030 it's estimated 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 companies and growing all doing their own thing all over the world in the standard payroll design there's often a frustrating variety of different systems resulting in time-consuming manual processes and silos the number of Integrations could be non-existent in large quantities and or very really fundamental there's no genuine consistency structure we're residing in an age of tech but payroll has been sluggish to get on board in fact as much as 25 of payroll is still done by hand typically with pen and paper which simply blows my mind each time I I think
about it to offer you an idea of how far there still is to come according to Deloitte only 11 of organizations state they have Labor force data in real time that's another number that provides me sleep deprived nights and quite frankly the more a company spends on worldwide payroll the less of a picture they see an absence of exposure likewise extends to payroll payments and failure to properly track these payments can cause compliance incidents in the last mile of the deal nearly half of international companies have actually expressed that they do not have the level of standardization they require in their procedures or desire and as a result eighty percent of mistakes are due to time reporting bad HCM data information entry errors inadequately interacted hires and terminations along with lack management and system setups and after that when you round it all off and the information is shipped to the incorrect place the typical cost of an international data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the money worldwide payroll and payments do not run smoothly if they rely on the needed multiple procedures systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the difficulties business face when they're making payments to employees or otherwise that's a good question I always throw this back and state what is it what does not need to be included right and what does
it require to be considered there's differing Bank information 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 client's own in-country account so there's complexity any place you look ideal ultimately constructing a knowledge base is absolutely important but all over you look with payroll payment they resemble very payments no if however some infants about it you are all superheroes processing payments for payroll if you 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 absolutely fundamental and technology is allowing us to sort of move forward with that it likewise as well to contribute to that payroll and finance require to work closer together um with varying Savings account Details differing banking requirements and setup processes is absolutely vital that payroll and finance groups work closer together than ever um I'm constantly impressed when individuals state I have actually divided payroll and payment um if you stroll 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 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 procedure it's the point of data collection all the way through to paying people anywhere they are however also paying statutory authorities and on statutory third parties so with the
world we live in and well-being being increasingly more important to add to sort of the level of intricacy there's increasingly more benefits being organ or being used by companies throughout the world so again you're just looking to include more and more payments to this currently complex landscape so if you sort of got any experience well I'm from your large experience here and I'm sure however have you got any experience in kind of genuine difficulties or real tough kind of pay utilizes to play to pay individuals I think yeah I suggest over the last well yeah a number of years I would certainly state that the larger an organization 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 groups feeding details into the next function as it were that's really handling the payment side of things but you understand 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 need to produce additional handoffs while doing sos that we run in they simply make them more timely they make them less efficient and they do not make them what they need to be in in an era of tech and an era that you understand that we are working in today there is no reason why we are still making this as hard as it needs to be concurred and rightly as you said payroll is the single greatest liability that any service has from a cost perspective from an effect perspective on staff members it is absolutely vital that it's done correctly and on time so what we indicate by that is not a day before not a day after on pay day and payments need to be done right it has the biggest destructive result on people's wellness and numerous other elements if people aren't paid uh I have actually constantly been astonished entering this Market sort of the last five to ten years is how little thanks the
The payroll group might not have actually been thanked for correctly processing payroll during a webinar. If anyone has been thanked, it would be great to hear their success story, whether it's from all staff members or not. Payroll is an important cycle, and people just discover when things go wrong. Nevertheless, when things go right, it's viewed as just a regular task. This is how it's perceived externally too. For that reason, it is necessary to ensure that jobs like Wi-Fi International and other essential matters are done correctly. Using the very first International Payments first payroll payment solution is an excellent preliminary step towards supplying an extensive payroll solution for workers worldwide. Standardization, worldwide processes, and lowering the variety of tools, platforms, and checking account required for worldwide payroll are essential factors in achieving organization success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do periodically get a few complaints when things don't go as planned. Eventually, we do not do it for the gratitude.
anyway we know how how crucial 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 easy as possible for everyone that's associated with those processes and also so envision sorry I'm just I was just gon na say envision the amount of thanks you got if you might cover the amount of people that we cover within this webinar I make sure we're talking about hundreds of thousands potentially Millions picture getting that numerous thank you notes um I mean it 'd be interesting to see how many Post-it notes you got but it would definitely be a fascinating task trying to clean up all those up for sure oh definitely I can't envision the size of my my Outlook inbox if that held true um you 'd need days of the week to try to check out them and in fact see what was going on and type of shot to get back to everybody so moving on look why do companies select to main different savings account there are businesses out there doing exactly this for specific nations and I've worked in a business or lots of businesses doing exactly that I can state it doesn't constantly feel efficient and it does create more work I know we're not intentionally doing that we're not creating additional work for anybody where we do not need to and anybody 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 people have actually got so utilized to we require a new savings account we open an entity and appropriately so you require it for payroll functions however there are a variety of markets where it's not a requirement so I believe it's simply been the standard and the standard individuals have actually adopted and continue to do over years and years passed by to contribute to that people have actually looked at things like trust accounts and numerous other methods um to to sort of do it so I believe there's a variety I believe this is a procedure that needs looking at it requires changing however ultimately people are really stuck to what they recognize
with best um modification is a hard thing all of us do not like change um so I think it's just kind of moving away from the standard as we have actually said so yeah so it keeps a great deal of track of things um I comprehend certainly the advantages of having preserving several bank accounts but there's a substantial quantity of intricacy opts for setting up a checking account preserving it ensuring it can send out International transfers ensuring it's established with the right user accesses for individual people so the intricacy is huge however I think the honest answer is modification um people haven't been able to change or haven't had always the understanding to truly make that change into alternate Solutions besides opening a bank account I think you've hit the nail on the head I think it is understanding you understand and there is an aspect of resistance to change however we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of carrying on and moving into you understand what might practically be determined to be the next Century approximately there is a lot to monitor and this technique does position several difficulties um so Johnny could you inform us about those obstacles yeah of course so there's a range right there is so
I simply did you switched our Enterprise 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 Global staff members you are worthy of a corner office with a more detailed parking space due to the fact that I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location