Find out more about Papaya Global Philippines ... We now have the capability to handle both our payroll and payments procedures on one merged platform. It's as if our Chief Financial Officer has actually gotten a separate Chief Financial Officer particularly dedicated to managing payments. This supplies us with a protected and dependable approach of making payments to our 10,000 workers 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 contractors
Staff member Website
Employees have access to a Worker Portal where they can view their pay slips, wage and tax statements and employment documents. The portal is available in multiple languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps companies provide competitive benefits packages to international staff members regardless of the variety of workers in the company. The business can establish medical insurance, short-term and long-lasting impairment, vision, oral and maternity leave while getting rid of the need to source local benefits suppliers in every nation, produce regional accounts and have a minimum number of workers.
Global HR Performances
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your workers require work authorization support.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, labor force variety, total work expenses dispersed per area, total employment costs per cycle and much more.
Globally, I have shown management and tactical competence in guiding massive populations of over 100,000 staff members across 170 countries. Currently, I are accountable for supervising payroll strategies, as discussed by Mark. My role includes managing and establishing external collaborations, supporting Enterprise customers, and providing advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments services company.
business to make the time 100 list for a lot of influential companies on the planet we offer payroll payments and labor force management to all worker types in over 160 countries I am pleased to state that we also have as Mark stated Johnny Nash with us today Johnny would you like to introduce yourself obviously thank you good morning good afternoon good evening depending upon where you remain in the world it's lovely to meet you and thank you quite for your time as Ian said my name is Johnny Nash and I'm the payments director here at um I've remained in the payments industry for over ten years and particularly dealing with the payroll and payment sector for over seven years um I was captivated by the intricacy the problem in all of the above of
payroll payments and chose to type of make a real go at that over the last five or six years where I've type of had a variety of various roles on the supplier side and likewise on the supplier side from a payroll viewpoint so really looking forward to this discussion today um and yeah thank you very much for your time everybody alright thanks Johnny uh we'll simply provide everybody another number of uh well among the 30 seconds or so to join we all work back to back nowadays so we'll sort of let them do that so it 'd be quite interesting and I can see it going on already simply to hear where everyone is um it's nice to to sort of like see where everybody comes from and I really do hope it's much sunnier than it is 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 really uninspiring and I want I was elsewhere at this moment in time all right so let's begin our agenda for today is as follows um we are going to be looking at the challenge years of managing Worldwide payroll why business maintain separate
Virtual payroll accounts are an option to traditional savings account for handling payroll payments. This is especially useful for global companies with dispersed and remote workforces, as it simplifies the complex procedure of cross-border payments. Instead of keeping separate bank accounts for payroll in various nations, virtual accounts and digital wallets use a more structured service. In this webinar, we will check out the benefits of using virtual payroll accounts and go over why they are becoming a tactical property for payroll executives. We will also supply a recap of the main points covered and leave time for a Q&A session at the end.
making payroll payments properly efficiently securely and on time during this webinar we'll walk you through the worldwide pros and cons of a payroll wallet versus a payroll checking account how companies precisely forecast their payroll costs to increase working capital and how streamlining Worldwide payroll payments can turn them from a siled pane into a strategic asset so payroll can be challenging in enough in one nation but when you're doing it internationally it's next level and Beyond it ends up being complex for a range of reasons most significantly regulations compliance information security and banking guidelines then there are the sheer numbers they include further complexity the worldwide Labor force is currently 3 and a half billion people by 2030 it's estimated that in Africa alone they will contribute and further 1.1 billion individuals that number is currently 500 million just for for a scale then consider that there are some 230 million companies and growing all doing their own thing around the globe in the standard payroll model there's frequently an overwhelming variety of various systems resulting in time-consuming manual procedures and silos the variety of Combinations could be non-existent in large amounts and or very very standard there's no genuine consistency structure we're living in an era of tech however payroll has been slow to get on board in fact as much as 25 of payroll is still done by hand frequently with pen and paper which simply blows my mind each time I I believe
about it to give you a concept of how far there still is to come according to Deloitte only 11 of services say they have Labor force information in real time that's another number that gives me sleep deprived nights and rather frankly the more a business spends on worldwide payroll the less of an image they see a lack of presence also extends to payroll payments and failure to properly track these payments can result in compliance accidents in the last mile of the transaction almost half of international businesses have expressed 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 inadequately communicated hires and terminations in addition to absence management and system setups and then when you round it all off and the data is shipped to the wrong place the average cost of a global information breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash around the globe payroll and payments don't run efficiently if they rely on the essential several processes systems and partners it is simply not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the obstacles company face when they're paying to workers or otherwise that's an excellent question I constantly toss this back and state what is it what does not need to be included ideal and what does
it require to be thought of there's differing Bank information so the length of an eye band a swift an account number routing code per country there's payment timespan there's payment capabilities so can you pay it from International or do you have to pay from an in-country account do you need to pay from the client's own in-country account so there's intricacy any place you look right eventually constructing a knowledge base is definitely important however everywhere you look with payroll payment they are like very payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the kind 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 technology is enabling us to sort of move on with that it also also to contribute to that payroll and financing need to work closer together um with varying Checking account Particulars varying banking requirements and setup processes is absolutely imperative that payroll and financing groups work closer together than ever um I'm constantly impressed when people state I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who doesn't work in the payroll profession 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 often 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 individuals wherever they are however also paying statutory authorities and on statutory 3rd parties so with the
The modern-day world positions a high value on wellness and the payment landscape is becoming progressively detailed. Businesses are continually presenting brand-new advantages and payment options, which adds to the general intricacy. Large corporations often divide their payroll and payment processing into separate teams, which can lead to inadequacies and traffic jams. In my viewpoint, this does not have to be the case. In today's highly innovative age, there's no reason for keeping troublesome treatments. Payroll, the business's greatest expenditure, should be processed correctly and on time. Even small hold-ups can adversely impact staff members' well-being and have far-reaching effects. Therefore, it's vital to focus on accurate and timely payments.
The payroll team might not have been thanked for properly processing payroll during a webinar. If anyone has actually been thanked, it would be excellent to hear their success story, whether it's from all staff members or not. Payroll is a crucial cycle, and people just notice when things fail. Nevertheless, when things go right, it's seen as just a routine task. This is how it's perceived externally too. For that reason, it is essential to make sure that tasks like Wi-Fi Worldwide and other essential matters are done correctly. Using the very first Global Payments first payroll payment option is a terrific initial step towards providing an extensive payroll service for staff members worldwide. Standardization, worldwide procedures, and minimizing the variety of tools, platforms, and checking account needed for international payroll are key factors in attaining company success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally receive a couple of grievances when things do not go as prepared. Ultimately, we do not do it for the gratitude.
anyhow we know how how crucial a role it is and that'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 involved in those procedures and likewise 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 talking about hundreds of thousands possibly 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 interesting task attempting to clean up all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that held true um you 'd need days of the week to try to browse them and in fact see what was going on and kind of try to get back to everybody so carrying on appearance why do companies pick to main separate savings account there are companies out there doing precisely this for particular countries and I've operated in a business or many companies doing precisely that I can state it does not constantly feel effective and it does create more work I understand we're not intentionally doing that we're not developing extra work for any person where we do not need to and any person that's dealing with that process 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 lots of factors one is it's the standard I believe people have got so used to we require a new savings account we open an entity and rightly so you need it for payroll functions but there are a variety of markets where it's not a requirement so I believe it's just been the requirement and the norm the people have actually adopted and continue to do over years and years passed by to contribute to that individuals have taken a look at things like trust accounts and many other methods um to to kind 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 ultimately people are very stuck with what they're familiar
with best um modification is a difficult thing we all do not like modification um so I believe it's simply type of moving away from the norm as we've said so yeah so it keeps a great deal of track of stuff um I comprehend obviously the benefits of having maintaining numerous checking account but there's a substantial quantity of complexity chooses setting up a savings account keeping it guaranteeing it can send International transfers guaranteeing it's established with the best user accesses for specific individuals so the intricacy is huge however I think the honest response is change um individuals haven't been able to change or have not had necessarily the understanding to actually make that change into alternate Solutions other than opening a checking account I believe you've struck the nail on the head I think it is knowledge you know and there is an aspect of resistance to change but we have actually always done it that way is no genuine reason for not looking at the the advantages and the possibilities of moving on and moving into you know what could nearly be determined to be the next Century or so there is a lot to track and this approach does present numerous challenges um so Johnny could you inform us about those challenges yeah obviously so there's a variety right there is so
I just recently made a modification to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment jobs on one platform. It feels like our CFO has gained another CFO, and with this boosted ability, I have actually effectively secured payments for our 10,000 staff members worldwide. Your commitment to mastering global payroll and payments using Papaya payroll OS is good. You deserve a corner workplace with a parking space that is more detailed, considering your achievements.
Papaya Global Bangalore Office Location