Find out more about Papaya Global Pakistan ... We now have the ability to handle both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has acquired a different Chief Financial Officer specifically committed to managing payments. This provides us with a safe and reputable method 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
Employee Portal
Employees have access to a Worker Website where they can view their pay slips, wage and tax declarations and work files. The portal is readily available in numerous languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global assists business offer competitive advantages bundles to global workers despite the number of workers in the company. The business can set up health insurance, short-term and long-term disability, vision, dental and maternity leave while removing the need to source regional advantages companies in every nation, develop regional accounts and have a minimum number of employees.
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 require work license assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force spending, workforce diversity, total employment expenses dispersed per location, total work costs per cycle and a lot more.
Internationally, I have demonstrated management and strategic expertise in assisting large-scale populations of over 100,000 workers across 170 countries. Presently, I are accountable for supervising payroll strategies, as mentioned by Mark. My role includes managing and establishing external partnerships, supporting Enterprise clients, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options service provider.
As a global company, we are honored to be consisted of on the prominent Time 100 list of the most influential business worldwide. We focus on providing payroll and labor force management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as mentioned by Mark. Now, I'll let Johnny introduce himself. Good day to all, no matter 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 company. With over a years of experience in the payments industry, I have focused on payroll and payment solutions for the past seven years. The complexities and difficulties of this field have constantly mesmerized me.
payroll payments and chose to type of make a genuine go at that over the last 5 or 6 years where I've kind of had a range of different functions on the supplier side and likewise on the supplier side from a payroll point of view so actually anticipating this discussion today um and yeah thank you very much for your time everyone all right thanks Johnny uh we'll simply give everyone another couple of uh well one of 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 intriguing and I can see it going on already just to hear where everybody is um it's nice to to type of like see where everyone originates from and I actually do hope it's much sunnier than it remains in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's extremely very bleak and I want I was somewhere else at this moment in time all right so let's begin our program for today is as follows um we are going to be looking at the challenge years of handling Worldwide payroll why companies preserve separate
bank accounts payroll virtual wallets versus payroll savings account payroll payroll uh sorry papaya payroll payments anticipating payroll costs utilizing virtual payroll accounts streamlining papaya Global payroll payments as a tactical asset uh we'll also discuss a recap and that needs to leave his time at the really very end for a q a session so as the title of the webinar recommends payroll execs on relocating to Virtual payroll accounts and here is why as dispersed to remote and International workforces end up being more and more common and managing them ends up being increasingly more complex Global organizations are looking to find Solutions and new methods to enhance processes particularly from a payroll and cross-border payment viewpoint many organizations maintain separate savings account just for payroll while some have multiple accounts in various nations does it make sense for companies to preserve different bank accounts often in different nations it does but just for payroll exists a much better way what function do virtual accounts and digital wallets also known as virtual wallets play in helping international business improve the episode complex procedures of
making payroll payments precisely efficiently securely and on time during this webinar we'll stroll you through the international advantages and disadvantages of a payroll wallet versus a payroll bank account how business properly forecast their payroll costs to increase working capital and how enhancing Worldwide payroll payments can turn them from a siled pane into a strategic property so payroll can be hard in adequate in one country but when you're doing it worldwide it's next level and Beyond it becomes intricate for a variety of factors most importantly regulations compliance information security and banking rules then there are the sheer numbers they add additional complexity the international Workforce is presently 3 and a half billion people by 2030 it's approximated that in Africa alone they will contribute and further 1.1 billion people that number is presently 500 million just for for a scale then consider that there are some 230 million services and growing all doing their own thing around the world in the traditional payroll model there's typically a frustrating number of different systems leading to time-consuming manual processes and silos the number of Integrations could be non-existent in big quantities and or extremely extremely standard there's no real consistency structure we're residing in an era of tech but payroll has actually 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 just blows my mind each time I I think
about it to provide you a concept of how far there still is to come according to Deloitte just 11 of businesses say they have Labor force information in real time that's another number that offers me sleepless nights and quite frankly the more a service invests in worldwide payroll the less of a picture they see a lack of presence likewise encompasses payroll payments and failure to precisely track these payments can result in compliance accidents in the last mile of the deal nearly half of worldwide businesses have actually revealed that they do not have the level of standardization they need in their processes or desire and as a result eighty percent of errors are due to time reporting poor HCM data information entry errors improperly communicated hires and terminations along with absence management and system setups and then when you round it all off and the data is delivered to the incorrect location the average cost 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 money all over the world payroll and payments don't run smoothly if they depend on the necessary several processes systems and partners it is simply not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the challenges business face when they're paying to staff members or otherwise that's an excellent concern I always toss this back and say what is it what does not require to be consisted of ideal and what does
it require to be considered there's varying Bank information so the length of an eye band a swift an account number routing code per nation there's payment time frames 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 customer's own in-country account so there's complexity any place you look best eventually building a knowledge base is definitely crucial but everywhere you look with payroll payment they resemble incredibly payments no if but some children about it you are all superheroes processing payments for payroll if you take a look at the kind of link in between fintech and payroll it's closer than ever I believe there's now a bit more acknowledgment that payroll payments are absolutely essential and technology is allowing us to type of move forward with that it also as well to add to that payroll and financing require to work closer together um with differing Checking account Particulars differing banking requirements and setup processes is absolutely imperative that payroll and financing teams work better together than ever um I'm always amazed when individuals state I've split payroll and payment um if you walk down the street and asked anyone what is payroll who does not operate in the payroll profession would they split the payroll payment from estimation I would say no so why do we as a market 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 people anywhere 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 essential to add to type of the level of intricacy there's a growing number of advantages being organ or being offered by services across the world so once again you're simply wanting to include increasingly more payments to this currently complicated landscape so if you type of got any experience well I'm from your huge experience here and I make certain but have you got any experience in kind of genuine difficulties or genuine tough sort of pay uses to play to pay individuals I think yeah I imply over the last well yeah a couple of decades I would absolutely say that the larger a company 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 teams feeding information into the next function as it were that's in fact managing the payment side of things however you know in in my opinion and my experience that doesn't necessarily need to be the case you know long gone are the times where we need to develop extra handoffs at the same times 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 a period of tech and a period that you understand that we are working in today there is no reason that we are still making this as tough as it requires to be agreed and appropriately as you stated payroll is the single most significant liability that any organization has from an expense viewpoint from an effect perspective on workers it is absolutely crucial that it's done correctly and on time so what we suggest by that is not a day before not a day after on pay day and payments need to be done right it has the greatest destructive impact on individuals's well-being and many other factors if people aren't paid uh I have actually always been astonished entering this Market type of the last five to ten years is how little thanks the
The payroll group might not have actually been thanked for properly processing payroll during a webinar. If anyone has been thanked, it would be great to hear their success story, whether it's from all workers or not. Payroll is a crucial cycle, and individuals just discover when things fail. Nevertheless, when things go right, it's viewed as simply a routine job. This is how it's perceived externally too. For that reason, it is necessary to guarantee that jobs like Wi-Fi Worldwide and other essential matters are done correctly. Using the first Global Payments first payroll payment service is a fantastic initial step towards supplying a detailed payroll service for workers worldwide. Standardization, worldwide procedures, and minimizing the number of tools, platforms, and checking account essential for worldwide payroll are key factors in accomplishing business success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically get a couple of grievances when things do not go as prepared. Ultimately, we don't do it for the gratitude.
anyway we understand how how essential 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 everybody that's involved in those procedures and likewise so think of sorry I'm just I was simply gon na say imagine the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I'm sure we're talking about hundreds of thousands potentially Millions picture getting that numerous thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got however it would certainly be an intriguing task attempting to clean all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that held true um you 'd require days of the week to try to look through them and in fact see what was going on and kind of shot to return to everyone so proceeding look why do companies choose to main separate checking account there are organizations out there doing exactly this for specific nations and I have actually worked in a service or numerous companies doing exactly that I can state it does not constantly feel effective and it does produce more work I understand we're not purposely doing that we're not creating additional work for any person where we do not need to and anyone that's handling that procedure I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I believe many reasons one is it's the standard I believe individuals have actually got so utilized to we need a brand-new savings account we open an entity and appropriately so you need it for payroll functions but there are a variety of markets where it's not a requirement so I think it's simply been the requirement and the norm the people have embraced and continue to do over years and years gone past to add to that people have actually looked at things like trust accounts and many other ways um to to kind of do it so I believe there's a range I believe this is a procedure that needs looking at it requires changing however ultimately individuals are very stuck with what they recognize
with best um modification is a difficult thing all of us don't like modification um so I think it's simply 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 obviously the benefits of having preserving several savings account but there's a big amount of complexity opts for establishing a savings account maintaining it guaranteeing it can send out International transfers ensuring it's established with the right user accesses for specific individuals so the complexity is substantial however I believe the truthful response is change um individuals haven't been able to alter or have not had always the knowledge to really make that change into alternate Solutions aside from opening a savings account I believe you have actually hit the nail on the head I think it is knowledge you know and there is an aspect of resistance to change however we have actually constantly done it that way is no genuine excuse for not looking at the the advantages and the possibilities of proceeding and moving into you know what might practically be determined to be the next Century approximately there is a lot to track and this technique does present numerous obstacles um so Johnny might you inform us about those obstacles yeah naturally so there's a variety right there is so
I just recently made a change to our Enterprise 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 acquired another CFO, and with this improved ability, I have actually effectively protected payments for our 10,000 employees worldwide. Your devotion to mastering international payroll and payments using Papaya payroll OS is good. You are worthy of a corner office with a parking space that is better, considering your accomplishments.
Papaya Global Bangalore Office Location