Find out more about Papaya Global Uk Office ... We now have the ability to handle both our payroll and payments processes on one unified platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer specifically devoted to managing payments. This offers us with a secure and reliable technique of paying to our 10,000 workers worldwide.}
The advanced international payroll management app enhances my payroll procedure, conserving me a significant amount of time each month. With its easy to use user interface, I have access to a single dashboard that efficiently manages my payroll, EOR, and professionals.
Staff member Website
Employees have access to a Staff member Portal where they can view their pay slips, wage and tax statements and work documents. The website is offered in several languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global helps companies provide competitive benefits packages to global workers regardless of the variety of staff members in the company. The company can set up medical insurance, short-term and long-term special needs, vision, oral and maternity leave while removing the need to source regional advantages service providers in every country, create local accounts and have a minimum number of staff members.
International HR Functionalities
's HR performances include PTO tracking, compliance, onboarding/offboarding tools, online storage for employees' documents and migration services if your workers need work authorization support.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into workforce spending, workforce variety, total employment costs distributed per location, total employment costs per cycle and a lot more.
Internationally, I have shown management and strategic know-how in assisting massive populations of over 100,000 workers across 170 countries. Presently, I are accountable for managing payroll methods, as mentioned by Mark. My role includes handling and developing external collaborations, supporting Business clients, and supplying advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options provider.
As a worldwide company, we are honored to be included on the prominent Time 100 list of the most influential business worldwide. We concentrate on supplying payroll and workforce management services to employees in more than 160 nations. I am delighted to present Johnny Nash, as mentioned by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your area. It's an enjoyment to satisfy you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments industry, I have actually focused on payroll and payment solutions for the past 7 years. The complexities and difficulties of this field have constantly captivated me.
payroll payments and chose to sort of make a genuine go at that over the last five or 6 years where I've sort of had a variety of different functions on the service provider side and also on the supplier side from a payroll perspective so truly anticipating this discussion today um and yeah thank you very much for your time everybody okay thanks Johnny uh we'll simply provide everyone another couple of uh well among the 30 seconds or so to join we all work back to back these days so we'll sort of let them do that so it 'd be rather fascinating and I can see it going on currently simply to hear where everyone 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 certainly not the peak of the sunshine is it it's not no it's it's drizzling here it's really really uninspiring and I want I was elsewhere at this moment in time fine so let's get started our program for today is as follows um we are going to be looking at the challenge years of managing Global payroll why companies keep different
Virtual payroll accounts are an alternative to traditional bank accounts for handling payroll payments. This is especially useful for international organizations with dispersed and remote labor forces, as it streamlines the complex process of cross-border payments. Instead of keeping different bank accounts for payroll in different nations, virtual accounts and digital wallets provide a more streamlined solution. In this webinar, we will explore the benefits of using virtual payroll accounts and go over why they are ending up being a strategic property for payroll executives. We will also provide a recap of the main points covered and leave time for a Q&A session at the end.
making payroll payments accurately effectively securely and on time throughout this webinar we'll walk you through the global advantages and disadvantages of a payroll wallet versus a payroll checking account how business accurately anticipate their payroll costs to increase working capital and how improving International payroll payments can turn them from a siled pane into a strategic property so payroll can be difficult in sufficient in one country however when you're doing it internationally it's next level and Beyond it becomes complex for a range of reasons most importantly regulations compliance information security and banking rules then there are the sheer numbers they add additional complexity the worldwide Workforce 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 presently 500 million just for for a scale then factor in that there are some 230 million companies and growing all doing their own thing worldwide in the traditional payroll model there's typically an overwhelming number of different systems resulting in time-consuming manual processes and silos the variety of Integrations could be non-existent in large quantities and or really extremely basic there's no genuine consistency framework we're living in a period of tech however payroll has actually been slow 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 each time I I believe
about it to give you an idea of how far there still is to come according to Deloitte just 11 of organizations say they have Workforce information in real time that's another number that offers me sleep deprived nights and quite honestly the more an organization spends on worldwide payroll the less of a picture they see a lack of visibility likewise extends to payroll payments and failure to properly track these payments can cause compliance mishaps in the last mile of the deal nearly half of global organizations have actually expressed that they don't have the level of standardization they require in their procedures or want and as a result eighty percent of mistakes are due to time reporting poor HCM information information entry mistakes poorly communicated hires and terminations as well as lack management and system configurations and after that when you round everything off and the information is delivered 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 money around the world payroll and payments do not run smoothly if they depend on the essential numerous processes systems and partners it is just not possible so Johnny from a payments viewpoint and in your experience what else requires to be factored into the challenges business face when they're paying to workers or otherwise that's a good question I always throw this back and state what is it what doesn't require to be included 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 country there's payment amount of time 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 consumer's own in-country account so there's complexity any place you look ideal eventually constructing a knowledge base is absolutely crucial however all over you look with payroll payment they resemble incredibly payments no if but some infants about it you are all superheroes processing payments for payroll if you look at the sort of link in 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 permitting us to type of progress with that it likewise too to add to that payroll and finance need to work closer together um with differing Checking account Particulars differing banking requirements and setup procedures is definitely vital that payroll and financing teams work closer together than ever um I'm constantly impressed when people state I have actually split payroll and payment um if you walk down the street and asked anyone what is payroll who does not work in the payroll occupation would they divide the payroll payment from estimation 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 anywhere they are however 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 sort of the level of complexity there's a growing number of benefits being organ or being provided by organizations across the world so again you're just seeking to include more and more payments to this currently complicated landscape so if you kind of got any experience well I'm from your huge experience here and I make certain however have you got any experience in kind of genuine difficulties or real difficult type of pay utilizes to play to pay people I believe yeah I suggest over the last well yeah a number of decades I would absolutely state that the larger a business gets the more it tends to segregate the payroll and the payments operates um there are groups doing one part of the job there are teams 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 necessarily need to be the case you know long gone are the times where we require to develop extra handoffs at the same times that we operate in they just make them more prompt they make them less effective and they don't make them what they require to be in in a period of tech and an age that you know that we are working in today there is no reason why we are still making this as difficult as it needs to be concurred and rightly as you said payroll is the single greatest liability that any service has from a cost point of view from an effect viewpoint on staff members it is absolutely 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 destructive impact on people's wellness and many other aspects if individuals aren't paid uh I have actually always been amazed entering this Market sort of the last 5 to 10 years is how little thanks the
The payroll team might not have actually been thanked for correctly processing payroll throughout a webinar. If anybody has actually been thanked, it would be great to hear their success story, whether it's from all staff members or not. Payroll is an essential cycle, and people just observe when things go wrong. Nevertheless, when things go right, it's seen as just a regular job. This is how it's perceived externally too. For that reason, it is vital to ensure that jobs like Wi-Fi International and other vital matters are done correctly. Utilizing the very first Worldwide Payments first payroll payment solution is a great initial action towards offering a detailed payroll service for employees worldwide. Standardization, international procedures, and reducing the number of tools, platforms, and checking account needed for worldwide payroll are crucial consider achieving business success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do occasionally get a couple of problems when things don't go as planned. Eventually, we don't do it for the gratitude.
anyhow we understand how how essential 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 easy as possible for everyone that's involved in those processes and also so envision sorry I'm simply I was simply 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 certain we're discussing numerous thousands potentially Millions envision getting that lots of thank you keeps in mind um I mean it 'd be interesting to see the number of Post-it notes you got however it would definitely be an intriguing task trying to clean up 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 attempt to look through them and in fact see what was going on and type of try to get back to everybody so carrying on look why do business select to primary different checking account there are companies out there doing exactly this for specific nations and I have actually worked in a company or numerous businesses doing precisely that I can state it doesn't constantly feel effective and it does produce more work I understand we're not deliberately doing that we're not producing extra work for anybody where we do not 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 quantity that we are I think many reasons one is it's the requirement I believe individuals have actually got so utilized to we need a brand-new savings account we open an entity and appropriately so you require it for payroll functions however there are a number of markets where it's not a requirement so I believe it's just been the standard and the norm the people have embraced and continue to do over years and years passed by to add to that people have looked at things like trust accounts and numerous other methods um to to type of do it so I think there's a range I think this is a process that requires looking at it requires altering but ultimately individuals are very stuck to what they recognize
with ideal um modification is a challenging thing all of us don't like modification um so I think it's just sort of moving far from the standard as we've said so yeah so it keeps a great deal of track of things um I comprehend certainly the advantages of having keeping several savings account but there's a huge amount of complexity opts for establishing a savings account preserving it ensuring it can send International transfers ensuring it's set up with the right user accesses for private individuals so the intricacy is huge however I believe the truthful answer is change um people haven't been able to change or have not had necessarily the understanding to truly make that change into alternate Solutions aside from opening a checking account I believe you have actually struck the nail on the head I believe it is knowledge you know and there is a component of resistance to alter however we have actually constantly done it that way is no real reason for not looking at the the advantages and the possibilities of carrying on and moving into you understand what could almost be identified to be the next Century or so there is a lot to track and this method does present numerous obstacles um so Johnny might you tell us about those challenges yeah naturally so there's a variety right there is so
I just did you switched 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 workers you are worthy of a corner office with a more detailed parking space because I mastered Global payroll and payments with Papaya payroll OS did you
Papaya Global Bangalore Office Location