Papaya Global Malaysia

Find out more about Papaya Global Malaysia ... We now have the capability to handle both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has gotten a separate Chief Financial Officer particularly dedicated to handling payments. This offers us with a safe and reputable technique of paying to our 10,000 staff members worldwide.}

the very best international payroll managment app, saves me hours of time each month, one single control panel for my payroll, EOR and professionals

Employee Portal
Workers have access to a Staff member Portal where they can see their pay slips, wage and tax declarations and work files. The website is readily available in numerous languages and can be accessed on a desktop or mobile device.

Benefits Administration
Papaya Global helps business provide competitive advantages packages to global staff members regardless of the number of workers in the company. The company can establish health insurance, short-term and long-lasting impairment, vision, oral and maternity leave while getting rid of the need to source local benefits service providers in every nation, create local accounts and have a minimum variety of employees.

International HR Performances
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your employees need work authorization assistance.

HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce spending, labor force diversity, total employment costs dispersed per place, total work costs per cycle and much more.

environments around the world I provided management and method to populations of over a hundred thousand staff members in more than 170 nations today I'm the payroll strategies for as Mark said I work throughout the business managing and building external relationships supporting Business clients and solutions along with serving as a consultant for those of you that don't understand who papaya Worldwide is papaya is the first payroll and payments

company to make the time 100 list for most prominent companies worldwide we supply payroll payments and workforce management to all employee types in over 160 countries I am pleased to say that we also have as Mark said Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning great afternoon good evening depending upon where you remain in the world it's beautiful to fulfill you and thank you very much for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I've been in the payments industry for over 10 years and particularly dealing with the payroll and payment sector for over 7 years um I was interested 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 five or 6 years where I have actually type of had a variety of different functions on the provider side and likewise on the vendor side from a payroll perspective so actually looking forward to this conversation today um and yeah thank you very much for your time everyone fine thanks Johnny uh we'll just provide everybody 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 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 extremely gloomy and I want I was elsewhere at this moment in time all right so let's get started our agenda for today is as follows um we are going to be looking at the difficulty years of managing International payroll why business keep different

Virtual payroll accounts are an alternative to traditional bank accounts for managing payroll payments. This is especially helpful for worldwide companies with dispersed and remote labor forces, as it streamlines the intricate procedure of cross-border payments. Instead of maintaining different savings account for payroll in various countries, virtual accounts and digital wallets provide a more streamlined solution. In this webinar, we will check out the advantages of using virtual payroll accounts and discuss why they are becoming a strategic asset for payroll executives. We will also supply a wrap-up of the main points covered and leave time for a Q&A session at the end.

Ensuring precise, efficient, and prompt payroll payments is a complex obstacle for businesses operating globally. Join us for a webinar to check out the advantages and drawbacks of payroll wallets versus payroll bank accounts, discover how companies forecast payroll expenses to enhance working capital, and discover how streamlining worldwide payroll payments can transform them from a difficult job into a strategic possession.

Handling payroll internationally is a difficult job due to different policies, compliance requirements, information security concerns, and banking rules. The large number of staff members and businesses adds to the complexity, with an approximated 3.5 billion individuals in the worldwide labor force, 500 countless whom are in Africa, and 230 million services worldwide.

Conventional payroll systems typically lead to manual procedures, data silos, and a lack of integration, causing inconsistencies and inadequacies. In spite of living in a period of technological improvements, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar goals to offer insights and options to simplify and optimize international payroll payments.

about it to give you a concept of how far there still is to come according to Deloitte just 11 of organizations state they have Workforce data in real time that's another number that offers me sleepless nights and quite honestly the more a business invests in global payroll the less of an image they see an absence of exposure also extends to payroll payments and inability to accurately track these payments can result in compliance incidents in the last mile of the transaction nearly half of worldwide businesses have expressed that they do not have the level of standardization they require in their processes or desire and as a result eighty percent of mistakes are because of time reporting poor HCM data data entry errors improperly interacted hires and terminations as well as lack management and system configurations and then when you round everything off and the information is delivered to the wrong place the typical expense of a global information breach at this moment is 3.9 billion dollars once payrolls are done we still require to move the cash around the globe payroll and payments don't run smoothly if they rely on the necessary 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 challenges service face when they're paying to workers or otherwise that's a great concern I constantly throw this back and say what is it what does not require to be consisted of ideal and what does

it require to be thought of there's differing Bank details so the length of an eye band a swift an account number routing code per nation there's payment amount of time 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 client's own in-country account so there's complexity wherever you look best eventually constructing a knowledge base is definitely critical but everywhere you look with payroll payment they are like super payments no if however some children 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 think there's now a bit more recognition that payroll payments are absolutely fundamental and innovation is permitting us to sort of progress with that it likewise also to contribute to that payroll and finance need to work closer together um with differing Checking account Particulars differing banking requirements and setup procedures is definitely essential that payroll and financing groups work better together than ever um I'm constantly impressed when people say I have actually split 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 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 procedure it's the point of data collection all the way through to paying people any place they are but likewise 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 intricacy there's increasingly more benefits being organ or being used by services throughout the world so again you're simply wanting to include increasingly more payments to this already complicated landscape so if you kind of got any experience well I'm from your vast experience here and I make sure however have you got any experience in kind of real obstacles or genuine tough sort of pay utilizes to play to pay people I think yeah I imply over the last well yeah a number of years I would definitely state that the bigger an organization gets the more it tends to segregate the payroll and the payments works um there are teams doing one part of the job there are groups feeding info into the next function as it were that's actually managing the payment side of things however you know in in my opinion and my experience that doesn't always need to be the case you understand long gone are the times where we require to develop additional handoffs while doing sos 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 why we are still making this as tough as it needs to be agreed and appropriately as you stated payroll is the single greatest liability that any organization has from a cost perspective from an effect viewpoint on employees it is definitely crucial that it's done correctly and on time so what we imply 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 damaging impact on individuals's wellness and many other elements if individuals aren't paid uh I've always been impressed entering this Market kind of the last five to ten years is how little thanks the

payroll team get um so I'm uncertain anyone on this kind of webinar has actually been informed thank you for processing my payroll properly if you have it 'd be fantastic to hear your success story and whether that's been from all workers or not um however ultimately payroll is such an important cycle all of us find out about it when it goes wrong everybody jumps up and down when it goes wrong 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 likewise like why WI-Fi Global why all of this things is definitely crucial that all of this stuff is done properly so leveraging the first Worldwide Payments very first payroll payment solution is a great initial step um supplying an end-to-end payroll service for your workers globally again I believe is another big um procedure once again lining up and ensuring you have standardization Global processes all of those things are absolutely crucial to success success of services and reducing the number of tools platforms and savings account they require for their Worldwide 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 10 or whatever it might be with the with the the grievances where things have not gone rather where they're implied to be um I don't believe any of us are actually doing that for for the thanks

anyhow we understand 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 simple as possible for everybody that's involved in those procedures and also so imagine sorry I'm just I was simply gon na state picture the amount of thanks you got if you might cover the quantity of people that we cover within this webinar I'm sure we're speaking about hundreds of thousands possibly Millions envision getting that numerous thank you notes um I suggest it 'd be interesting to see the number of Post-it notes you got but it would absolutely be a fascinating job attempting to clean all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that was the case um you 'd require days of the week to try to look through them and in fact see what was going on and sort of try to return to everyone so moving on appearance why do business pick to primary separate savings account there are services out there doing exactly this for particular countries and I've operated in a business or lots of organizations doing exactly that I can say it does not 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 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 think lots of factors one is it's the requirement I believe people have actually got so utilized to we need a new checking account we open an entity and appropriately so you need it for payroll functions however there are a number of markets where it's not a requirement so I believe it's simply been the requirement and the norm individuals have actually adopted and continue to do over years and years passed by to add to that people have looked at things like trust accounts and lots of other methods um to to sort of do it so I think there's a range I think this is a process that requires taking a look at it requires changing but eventually people are really stuck with what they recognize

with best um change is a difficult thing all of us do not like change um so I believe it's just sort of moving away from the norm as we have actually said so yeah so it keeps a lot of track of things um I comprehend certainly the advantages of having preserving several savings account but there's a substantial quantity of intricacy chooses setting up a bank account keeping it guaranteeing it can send International transfers guaranteeing it's established with the best user accesses for individual individuals so the complexity is substantial but I think the truthful answer is modification um people have not had the ability to alter or haven't had necessarily the understanding to truly make that change into alternate Solutions aside from opening a savings account I think you have actually struck the nail on the head I think it is understanding you understand and there is a component of resistance to alter but we have actually constantly done it that way is no genuine reason for not taking a look at the the advantages and the possibilities of moving on and moving into you understand what might almost be determined to be the next Century approximately there is a lot to keep track of and this method does present several challenges um so Johnny could you inform us about those difficulties yeah obviously so there's a range right there is so

I just recently made a modification to our Business 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 improved ability, I have actually effectively protected payments for our 10,000 staff members worldwide. Your devotion to mastering global payroll and payments using Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is closer, considering your accomplishments.

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