Find out more about Papaya Global Tunisia ... We now have the ability to manage both our payroll and payments processes on one combined platform. It's as if our Chief Financial Officer has actually acquired a different Chief Financial Officer particularly committed to managing payments. This offers us with a safe and secure and reliable method of paying to our 10,000 staff members worldwide.}
the BEST global payroll managment app, saves me hours of time each month, one single control panel for my payroll, EOR and specialists
Staff member Website
Workers have access to an Employee Website where they can view their pay slips, wage and tax declarations and work files. The portal is readily available in multiple languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists companies offer competitive benefits packages to global staff members despite the number of workers in the company. The company can set up medical insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the requirement to source local benefits service providers in every nation, create regional accounts and have a minimum variety of employees.
Worldwide HR Performances
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and immigration services if your staff members need work authorization help.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce costs, labor force diversity, overall work costs dispersed per area, overall work costs per cycle and a lot more.
Internationally, I have actually shown management and strategic knowledge in guiding massive populations of over 100,000 employees throughout 170 nations. Presently, I am responsible for supervising payroll methods, as discussed by Mark. My function includes handling and establishing external collaborations, supporting Business customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options service provider.
As a global business, we are honored to be included on the distinguished Time 100 list of the most prominent companies worldwide. We specialize in supplying payroll and workforce management services to workers in more than 160 nations. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, despite your location. It's a pleasure to satisfy you and thank you for your important time. As Ian mentioned, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments industry, I have actually concentrated on payroll and payment solutions for the past 7 years. The intricacies and obstacles of this field have actually always mesmerized me.
payroll payments and chose to type of make a real go at that over the last 5 or 6 years where I've type of had a range of various roles on the supplier side and likewise on the supplier side from a payroll perspective so truly looking forward to this conversation today um and yeah thank you very much for your time everybody okay thanks Johnny uh we'll simply offer everyone another couple of uh well one of the 30 seconds or two to join we all work back to back nowadays so we'll kind of let them do that so it 'd be rather interesting and I can see it going on already just to hear where everyone is um it's nice to to type of like see where everybody originates from and I really do hope it's much sunnier than it remains 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 extremely really bleak and I wish I was somewhere else at this moment in time alright so let's get started our program for today is as follows um we are going to be taking a look at the challenge years of handling Worldwide payroll why business maintain different
Virtual payroll accounts are an alternative to traditional checking account for managing payroll payments. This is particularly useful for international organizations with dispersed and remote workforces, as it streamlines the complicated procedure of cross-border payments. Instead of maintaining separate bank accounts for payroll in various nations, virtual accounts and digital wallets use a more streamlined option. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are becoming a tactical possession for payroll executives. We will likewise supply a wrap-up 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 international benefits and drawbacks of a payroll wallet versus a payroll savings account how companies properly forecast their payroll expenses to increase working capital and how streamlining Global payroll payments can turn them from a siled pane into a strategic possession so payroll can be hard in sufficient in one nation but when you're doing it internationally it's next level and Beyond it ends up being complicated for a range of factors most importantly guidelines compliance data security and banking rules then there are the sheer numbers they include further complexity the global Labor force is currently three and a half billion people by 2030 it's estimated that in Africa alone they will contribute and additional 1.1 billion people that number is presently 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 typically an overwhelming number of various systems resulting in time-consuming manual processes and silos the number of Combinations could be non-existent in big amounts and or very extremely fundamental there's no genuine consistency framework we're living in a period of tech but 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 just blows my mind each time I I believe
about it to give you an idea of how far there still is to come according to Deloitte only 11 of organizations say they have Workforce data in real time that's another number that provides me sleep deprived nights and rather frankly the more a company spends on international payroll the less of a picture they see an absence of exposure likewise encompasses payroll payments and inability to accurately track these payments can cause compliance accidents in the last mile of the transaction nearly half of worldwide services have expressed that they do not have the level of standardization they require in their processes or want and as a result eighty percent of errors are due to time reporting bad HCM information data entry errors poorly communicated hires and terminations along with lack management and system configurations and after that when you round all of it off and the data is shipped to the incorrect location the average expense of a global information breach at this moment is 3.9 billion dollars when payrolls are done we still need to move the cash all over the world payroll and payments don't run smoothly if they count on the required several 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 organization face when they're paying to workers or otherwise that's a good question I always toss this back and state what is it what doesn't require to be consisted of ideal 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 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 complexity any place you look right eventually constructing a knowledge base is absolutely important however everywhere you look with payroll payment they are like incredibly payments no if however some babies about it you are all superheroes processing payments for payroll if you take a look at the sort of link between fintech and payroll it's closer than ever I believe there's now a bit more acknowledgment that payroll payments are definitely essential and technology is allowing us to kind of move on with that it also also to contribute to that payroll and financing require to work closer together um with varying Checking account Particulars varying banking requirements and setup procedures is absolutely important that payroll and finance groups work more detailed together than ever um I'm always amazed when individuals say I have actually split payroll and payment um if you stroll down the street and asked anybody what is payroll who does not operate in the payroll occupation would they split the payroll payment from estimation I would say no so why do we as an industry 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 information collection all the way through to paying individuals 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 crucial to contribute to sort of the level of intricacy there's a growing number of advantages being organ or being used by businesses throughout the world so again you're just wanting to include increasingly more payments to this currently complicated landscape so if you type of got any experience well I'm from your large experience here and I'm sure however have you got any experience in kind of real obstacles or real challenging type of pay uses to play to pay individuals I think yeah I mean over the last well yeah a number of years I would certainly state 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 job there are groups feeding details into the next function as it were that's in fact managing the payment side of things but you understand 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 need to produce extra handoffs in the processes that we run in they just make them more prompt they make them less effective and they don't 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 we are still making this as difficult as it requires to be agreed and appropriately as you stated payroll is the single greatest liability that any company has from an expense point of view from an impact viewpoint on staff members it is absolutely vital 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 most significant detrimental effect on people's well-being and many other aspects if individuals aren't paid uh I've always been astonished coming into this Market type of the last five to 10 years is how little thanks the
The payroll group might not have actually been thanked for correctly processing payroll during a webinar. If anyone has been thanked, it would be terrific to hear their success story, whether it's from all employees or not. Payroll is an essential cycle, and people just discover when things go wrong. Nevertheless, when things go right, it's viewed as just a regular job. This is how it's perceived externally also. Therefore, it is vital to make sure that jobs like Wi-Fi International and other crucial matters are done correctly. Using the very first Worldwide Payments very first payroll payment solution is a terrific preliminary action towards providing a comprehensive payroll option for employees worldwide. Standardization, worldwide procedures, and minimizing the number of tools, platforms, and savings account needed for worldwide payroll are crucial factors in attaining company success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do periodically get a few complaints when things do not go as planned. Ultimately, we do not do it for the thankfulness.
anyway we understand how how important 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 easy as possible for everyone that's associated with those procedures and also so envision sorry I'm just I was just gon na say envision the amount of thanks you got if you might cover the amount of people that we cover within this webinar I make sure we're talking about numerous thousands possibly Millions picture getting that numerous thank you notes um I imply it 'd be interesting to see the number of Post-it notes you got however it would definitely be an interesting job trying to clean up 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 look through them and actually see what was going on and kind of shot to return to everybody so proceeding look why do companies choose to main different checking account there are services out there doing precisely this for specific nations and I have actually worked in a business or numerous organizations doing precisely that I can say it does not constantly feel efficient and it does produce more work I understand we're not intentionally doing that we're not producing extra work for anyone where we don't have to and anyone that's dealing with 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 believe lots of factors one is it's the standard I believe people have actually got so utilized to we require a new checking 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 just been the requirement and the standard individuals have actually adopted and continue to do over years and years passed by to add to that individuals have actually looked at things like trust accounts and numerous other ways um to to type of do it so I think there's a range I think this is a process that needs taking a look at it requires changing however ultimately individuals are extremely stuck with what they're familiar
with best um modification is a difficult thing we all do not like modification um so I think it's simply sort of moving far from the standard as we've said so yeah so it keeps a lot of track of things um I comprehend certainly the benefits of having preserving multiple checking account however there's a big amount of complexity opts for setting up a checking account maintaining it guaranteeing it can send International transfers guaranteeing it's established with the best user accesses for individual people so the intricacy is substantial however I think the honest answer is change um people haven't been able to change or have not had always the knowledge to actually make that change into alternate Solutions other than opening a savings account I think you've hit the nail on the head I believe it is knowledge you know and there is an element of resistance to change but we've always 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 nearly be identified to be the next Century or two there is a lot to monitor and this approach does position several obstacles um so Johnny might you tell us about those challenges yeah naturally so there's a range right there is so
I simply did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it's like 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 workplace with a better parking space because I mastered Worldwide payroll and payments with Papaya payroll OS did you
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