Find out more about Papaya Global Namibia ... We now have the ability to handle both our payroll and payments procedures on one combined platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer particularly dedicated to managing payments. This offers us with a safe and dependable method of making payments to our 10,000 staff members worldwide.}
the very best international payroll managment app, saves me hours of time on a monthly basis, one single dashboard for my payroll, EOR and specialists
Worker Portal
Staff members have access to an Employee Website where they can see their pay slips, wage and tax statements and employment files. The portal is readily available in numerous languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps companies use competitive benefits packages to worldwide staff members despite the variety of workers in the company. The company can set up medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while removing the need to source local benefits service providers in every nation, develop regional accounts and have a minimum variety of staff members.
Global HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and migration services if your staff members need work license help.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into workforce costs, labor force diversity, overall employment costs dispersed per place, total employment expenses per cycle and a lot more.
environments around the world I provided management and strategy to populations of over a hundred thousand staff members in more than 170 countries today I'm the payroll methods for as Mark said I work throughout business managing and structure external relationships supporting Business clients and services as well as functioning as a consultant for those of you that do not know who papaya Worldwide is papaya is the first payroll and payments
business to make the time 100 list for many prominent companies worldwide we provide payroll payments and labor force management to all worker key ins 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 good afternoon excellent evening depending on where you are in the world it's beautiful to meet you and thank you quite 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 10 years and particularly working on the payroll and payment sector for over 7 years um I was amazed by the intricacy the problem 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've type of had a variety of different functions on the supplier side and also on the vendor side from a payroll point of view so really eagerly anticipating this conversation today um and yeah thank you quite for your time everybody fine thanks Johnny uh we'll simply offer everyone another number of uh well among the 30 seconds or so to join we all 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 already simply to hear where everybody is um it's nice to to sort of like see where everybody originates from and I truly do hope it's much sunnier than it is in the UK today certainly not the peak of the sunlight is it it's not no it's it's drizzling here it's really really uninspiring and I want I was somewhere else at this moment in time fine so let's start our agenda for today is as follows um we are going to be taking a look at the obstacle years of managing Global payroll why companies preserve separate
bank accounts payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments forecasting payroll costs utilizing virtual payroll accounts improving papaya Global payroll payments as a tactical possession uh we'll likewise review a wrap-up and that must leave his time at the extremely extremely end for a q a session so as the title of the webinar recommends payroll officers on relocating to Virtual payroll accounts and here is why as dispersed to remote and Worldwide workforces become increasingly more common and managing them ends up being a growing number of complicated Worldwide companies are seeking to find Solutions and new ways to improve processes particularly from a payroll and cross-border payment viewpoint lots of organizations preserve different bank account just for payroll while some have several accounts in different nations does it make good sense for business to maintain different checking account in some cases in various countries it does however just for payroll exists a much better method what function do virtual accounts and digital wallets likewise called virtual wallets play in assisting multinational business streamline the episode complex processes of
making payroll payments accurately efficiently securely and on time during this webinar we'll walk you through the international pros and cons of a payroll wallet versus a payroll savings account how business precisely anticipate their payroll expenses to increase working capital and how enhancing Global payroll payments can turn them from a siled pane into a strategic possession so payroll can be difficult in enough in one country but when you're doing it internationally it's next level and Beyond it becomes complicated for a range of reasons most importantly regulations compliance information security and banking guidelines then there are the large numbers they include more complexity the worldwide Labor force is presently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and more 1.1 billion individuals that number is currently 500 million just for for a scale then factor in that there are some 230 million services and growing all doing their own thing around the world in the standard payroll model there's often an overwhelming number of different systems leading to time-consuming manual processes and silos the number of Combinations could be non-existent in large amounts and or very extremely basic there's no real consistency structure we're residing in an age of tech however payroll has actually been sluggish to get on board in fact as much as 25 of payroll is still done by hand often with pen and paper which simply blows my mind every time I I believe
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of services say they have Labor force data in real time that's another number that gives me sleep deprived nights and quite frankly the more a company spends on global payroll the less of a photo they see an absence of visibility also reaches payroll payments and failure to properly track these payments can result in compliance incidents in the last mile of the deal nearly half of worldwide companies have revealed that they don't have the level of standardization they require in their procedures or want and as a result eighty percent of errors are due to time reporting poor HCM data information entry mistakes improperly interacted hires and terminations as well as lack management and system setups and then when you round it all off and the data is shipped to the wrong location the average expense of a worldwide data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash worldwide payroll and payments do not run efficiently if they depend on the necessary numerous procedures systems and partners it is just not possible so Johnny from a payments point of view and in your experience what else needs to be factored into the challenges organization 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 best and what does
it need to be thought of there's differing Bank information 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 need to pay from an in-country account do you have to pay from the consumer's own in-country account so there's intricacy wherever you look ideal eventually constructing a knowledge base is definitely important however all over you look with payroll payment they resemble extremely payments no if but some babies about it you are all superheroes processing payments for payroll if you take a look at the sort of link in between fintech and payroll it's closer than ever I believe there's now a bit more recognition that payroll payments are absolutely fundamental and technology is enabling us to kind of move forward with that it also too to contribute to that payroll and financing require to work closer together um with differing Checking account Details differing banking requirements and setup processes is absolutely necessary that payroll and financing teams work closer together than ever um I'm constantly surprised when people say I've divided payroll and payment um if you stroll down the street and asked anybody what is payroll who doesn't operate in the payroll profession would they divide 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 eventually it's payroll is an end-to-end process it's the point of information collection all the way through to paying individuals anywhere they are however also paying statutory authorities and on statutory third parties so with the
world we reside in and wellness being more and more important to add to sort of the level of complexity there's a growing number of benefits being organ or being provided by businesses throughout the world so once again you're just aiming to include a growing number of payments to this currently intricate landscape so if you kind of got any experience well I'm from your vast experience here and I make certain however have you got any experience in kind of genuine challenges or real difficult kind of pay utilizes to play to pay individuals I believe yeah I indicate over the last well yeah a couple of decades I would certainly state that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the task there are groups feeding details 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 require to be the case you understand long gone are the times where we require to produce extra handoffs while doing sos that we run in they just make them more timely they make them less efficient and they don't make them what they require to be in in an age of tech and an age that you know that we are operating in today there is no reason that we are still making this as hard as it needs to be concurred and appropriately as you said payroll is the single biggest liability that any organization has from a cost point of view from an impact perspective on employees it is definitely important that it's done correctly 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 biggest damaging effect on individuals's well-being and lots of other aspects if individuals aren't paid uh I have actually always been amazed coming into this Market sort of the last five to 10 years is how little thanks the
payroll group get um so I'm not exactly sure anyone on this kind of webinar has actually been told 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 employees or not um however ultimately payroll is such an important cycle we all find out about it when it goes wrong everyone jumps up and down when it goes wrong but when it goes right it's simply a tick box workout and I believe that's how it's seen from the external view as well um so yeah it's likewise like why WI-Fi Global why all of this things is absolutely important that all of this stuff is done correctly so leveraging the first Global Payments very first payroll payment option is a great initial step um supplying an end-to-end payroll solution for your employees worldwide once again I think is another huge um procedure once again aligning and guaranteeing you have standardization International processes all of those things are definitely key to success success of companies and minimizing the number of tools platforms and checking account they need 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 have actually never ever had a hundred thousand of them within a payroll cycle don't expect to you do get the odd five or ten or whatever it might be with the with the the problems where things have not gone rather where they're meant to be um I don't believe any of us are really doing that for for the thanks
anyhow we understand how how important 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 simple as possible for everyone that's associated with those procedures and also so envision sorry I'm just I was just gon na state think of the amount of thanks you got if you might cover the quantity of people that we cover within this webinar I make sure we're speaking about hundreds of thousands potentially Millions envision getting that lots of thank you notes um I suggest it 'd be interesting to see how many Post-it notes you got however it would absolutely be an intriguing task attempting to clean all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to check out them and actually see what was going on and kind of shot to get back to everybody so carrying on appearance why do companies pick to main different savings account there are organizations out there doing exactly this for specific countries and I've worked in a company or many organizations doing exactly that I can state it does not constantly feel efficient and it does create more work I know we're not purposely doing that we're not producing extra work for anybody where we don't have to and anybody that's handling that procedure 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 believe lots of reasons one is it's the requirement I believe people have actually got so used to we need a brand-new bank account we open an entity and rightly so you require it for payroll functions but there are a number of markets where it's not a requirement so I believe it's simply been the standard and the norm the people have actually adopted and continue to do over years and years gone past to contribute to that people have actually taken a look at things like trust accounts and many other methods um to to sort of do it so I believe there's a variety I think this is a procedure that needs taking a look at it needs altering but eventually people are very stuck to what they recognize
with best um modification is a challenging thing all of us do not like change 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 stuff um I comprehend certainly the advantages of having preserving multiple bank accounts however there's a big quantity of complexity goes with setting up a savings account keeping it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for individual individuals so the intricacy is huge but I think the truthful response is modification um individuals have not had the ability to change or have not had always the knowledge to really make that change into alternate Solutions aside from opening a bank account I think you've struck the nail on the head I believe it is knowledge you understand and there is an element of resistance to alter but we have actually constantly done it that way is no real excuse for not taking a look at the the benefits and the possibilities of carrying 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 position numerous challenges um so Johnny could you tell us about those obstacles yeah naturally so there's a variety right there is so
I just did you switched our Business 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 International employees you should have a corner office with a more detailed parking space since I mastered Worldwide payroll and payments with Papaya payroll OS did you
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