Find out more about Papaya Global Indonesia ... 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 devoted to handling payments. This supplies us with a secure and reliable technique of making payments to our 10,000 employees worldwide.}
the BEST worldwide payroll managment app, saves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and specialists
The Employee Website offers staff members with the capability to gain access to and view important files such as pay slips, wage and tax declarations, and employment records. This website is accessible on both desktop and mobile devices and is offered in various languages.
Benefits Administration
Papaya Global assists companies offer competitive benefits plans to international staff members regardless of the number of employees in the company. The company can establish health insurance, short-term and long-term disability, vision, dental and maternity leave while removing the need to source regional benefits service providers in every country, create regional accounts and have a minimum number of staff members.
The HR abilities offered by Worldwide HR include numerous functions such as keeping track of vacation time, making sure compliance, assisting in the process of inviting brand-new employees and bidding goodbye to leaving ones, offering a safe online platform for keeping workers' documents, and providing assistance for work allow treatments in case your staff members require help because area.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, labor force variety, total work costs dispersed per location, total work costs per cycle and much more.
Internationally, I have shown leadership and tactical proficiency in guiding large-scale populations of over 100,000 employees across 170 countries. Currently, I am responsible for managing payroll methods, as discussed by Mark. My function includes handling and developing external collaborations, supporting Business customers, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions provider.
business to make the time 100 list for a lot of influential companies on the planet we offer payroll payments and workforce management to all employee types in 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 of course thank you good morning good afternoon excellent night depending upon where you remain in the world it's beautiful to meet you and thank you very much for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments industry for over ten years and particularly dealing with the payroll and payment sector for over seven years um I was fascinated by the intricacy the problem in all of the above of
payroll payments and decided to kind of make a genuine go at that over the last 5 or six years where I have actually sort of had a range of different roles on the supplier side and likewise on the vendor side from a payroll point of view so actually anticipating this discussion today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll simply give everybody another number of uh well one of the 30 seconds or so 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 just to hear where everybody is um it's nice to to type of like see where everyone comes from and I really 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 raining here it's really extremely uninspiring and I want I was elsewhere at this moment in time all right so let's start our program for today is as follows um we are going to be looking at the obstacle years of managing Worldwide payroll why business preserve separate
bank accounts payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments forecasting payroll costs using virtual payroll accounts enhancing papaya International payroll payments as a tactical asset uh we'll likewise go over a wrap-up and that needs to leave his time at the really really end for a q a session so as the title of the webinar recommends payroll execs on moving to Virtual payroll accounts and here is why as dispersed to remote and Worldwide labor forces become a growing number of common and handling them ends up being increasingly more complex Global companies are seeking to discover Solutions and brand-new ways to simplify procedures particularly from a payroll and cross-border payment standpoint many organizations keep different savings account just for payroll while some have several accounts in different countries does it make sense for business to maintain different bank accounts sometimes in different countries it does however just for payroll exists a much better way what role do virtual accounts and digital wallets likewise referred to as virtual wallets play in helping multinational companies enhance the episode complex procedures of
Making sure accurate, effective, and prompt payroll payments is a complex difficulty for organizations running globally. Join us for a webinar to check out the advantages and disadvantages of payroll wallets versus payroll checking account, learn how companies forecast payroll expenses to enhance working capital, and discover how streamlining worldwide payroll payments can transform them from a troublesome job into a strategic property.
Managing payroll internationally is a difficult task due to different guidelines, compliance requirements, information security issues, and banking rules. The sheer number of workers and services contributes to the intricacy, with an approximated 3.5 billion individuals in the global workforce, 500 countless whom remain in Africa, and 230 million businesses worldwide.
Traditional payroll systems frequently lead to manual processes, information silos, and a lack of integration, leading to inconsistencies and inadequacies. Despite living in an age of technological improvements, payroll management has actually been slow to adjust, with as much as 25% of payroll still processed by hand, frequently using pen and paper. This webinar goals to provide insights and solutions to streamline and optimize international payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of organizations say they have Workforce data in real time that's another number that offers me sleepless nights and rather honestly the more an organization invests in international payroll the less of a picture they see a lack of exposure likewise reaches payroll payments and inability to accurately track these payments can result in compliance incidents in the last mile of the deal nearly half of international companies have revealed that they don't have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are because of time reporting bad HCM data information entry errors improperly interacted hires and terminations in addition to lack management and system configurations and then when you round all of it off and the data is delivered to the incorrect place the average expense of a global information breach at this moment is 3.9 billion dollars when payrolls are done we still require to move the cash around the globe payroll and payments do not run efficiently if they rely on the needed several processes systems and partners it is simply not possible so Johnny from a payments viewpoint 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 good concern I always throw this back and say what is it what doesn't require to be included best and what does
it need 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 time frames there's payment abilities so can you pay it from International or do you have to pay from an in-country account do you have to pay from the customer's own in-country account so there's complexity wherever you look ideal eventually building a knowledge base is absolutely vital however all over 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 kind of link in between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are definitely basic and innovation is allowing us to type of progress with that it also too to contribute to that payroll and finance require to work closer together um with varying Bank Account Particulars differing banking requirements and setup procedures is absolutely essential that payroll and finance groups work better together than ever um I'm constantly amazed when people state I've split payroll and payment um if you stroll down the street and asked anyone what is payroll who doesn't operate in the payroll profession would they divide the payroll payment from calculation 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 ultimately it's payroll is an end-to-end process it's the point of data collection all the way through to paying individuals wherever they are however likewise paying statutory authorities and on statutory third parties so with the
world we reside in and well-being being a growing number of crucial to add to type of the level of intricacy there's more and more benefits being organ or being provided by businesses throughout the world so again you're simply looking to include a growing number of payments to this already complex landscape so if you kind of got any experience well I'm from your vast experience here and I'm sure however have you got any experience in kind of real challenges or genuine difficult sort of pay utilizes to play to pay individuals I think yeah I mean over the last well yeah a number of years I would certainly say that the larger a service 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 teams feeding details into the next function as it were that's actually handling the payment side of things however you understand in in my viewpoint and my experience that does not always require to be the case you understand long gone are the times where we need to produce extra handoffs in the processes that we operate in they just make them more prompt they make them less effective 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 operating in today there is no reason we are still making this as difficult as it needs to be agreed and appropriately as you said payroll is the single biggest liability that any company has from a cost perspective from an impact point of view on workers it is definitely vital 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 most significant destructive effect on people's well-being and numerous other aspects if individuals aren't paid uh I have actually constantly been impressed entering this Market kind of the last five to ten years is how little thanks the
payroll group get um so I'm not exactly sure anyone on this sort of webinar has 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 but eventually payroll is such a crucial cycle all of us find out about it when it goes wrong everyone jumps up and down when it fails but when it goes right it's just 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 things is absolutely crucial that all of this stuff is done properly so leveraging the first Worldwide Payments first payroll payment option is a terrific initial step um supplying an end-to-end payroll option for your staff members worldwide once again I think is another big um process again lining up and guaranteeing you have standardization Worldwide procedures all of those things are definitely crucial to success success of services and minimizing the variety of tools platforms and checking account they need for their International payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I've never ever had a hundred thousand of them within a payroll cycle do not anticipate to you do get the odd five or 10 or whatever it might be with the with the the grievances where things have not gone quite where they're suggested to be um I do not think any of us are in fact doing that for for the thanks
anyway we know how how important a role 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 everybody that's involved in those procedures and likewise so imagine sorry I'm simply I was just gon na state think of the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make certain we're talking about hundreds of thousands possibly Millions think of getting that lots of thank you keeps in mind um I imply it 'd be interesting to see how many Post-it notes you got but it would definitely be a fascinating 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 everybody so proceeding look why do business choose to main separate savings account there are companies out there doing precisely this for particular nations and I have actually operated in a business or many services doing precisely that I can state it does not constantly feel efficient and it does create more work I understand we're not purposely doing that we're not producing additional work for anyone where we don't need to and anyone 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 quantity that we are I think many factors one is it's the requirement I believe people have got so utilized to we need a new savings account we open an entity and appropriately so you need it for payroll purposes but there are a number of markets where it's not a requirement so I believe it's just been the requirement and the standard individuals have embraced and continue to do over years and years gone past to contribute to that individuals have actually taken a look at things like trust accounts and many other methods um to to kind of do it so I think there's a variety I think this is a procedure that requires taking a look at it needs changing however eventually individuals are really stuck to what they're familiar
with right um modification is a tough thing all of us do not like change um so I believe it's just type of moving away from the norm as we've said so yeah so it keeps a lot of track of stuff um I understand undoubtedly the benefits of having keeping multiple bank accounts but there's a substantial amount of intricacy opts for establishing a checking account preserving it ensuring it can send International transfers ensuring it's set up with the ideal user accesses for specific individuals so the intricacy is huge however I believe the sincere response is modification um people haven't been able to alter or have not had necessarily the understanding to truly make that change into alternate Solutions aside from opening a checking account I think you've struck the nail on the head I believe it is knowledge you know and there is a component of resistance to change but we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of proceeding and moving into you understand what might nearly be determined to be the next Century approximately there is a lot to monitor and this technique does pose a number of difficulties um so Johnny could you tell us about those challenges yeah obviously so there's a variety right there is so
I recently made a change to our Business system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It seems like our CFO has actually acquired another CFO, and with this boosted capability, I have actually successfully secured payments for our 10,000 employees worldwide. Your dedication to mastering worldwide payroll and payments utilizing Papaya payroll OS is good. You should have a corner workplace with a parking space that is better, considering your achievements.
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