Find out more about Papaya Global Vs Deel ... We now have the ability to handle both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has gotten a different Chief Financial Officer particularly dedicated to handling payments. This offers us with a secure and reputable method of paying to our 10,000 staff members worldwide.}
the BEST international payroll managment app, saves me hours of time every month, one single dashboard for my payroll, EOR and professionals
Worker Portal
Staff members have access to a Worker Portal where they can see their pay slips, wage and tax statements and work documents. The website is offered in multiple languages and can be accessed on a desktop or mobile phone.
Benefits Administration
Papaya Global helps business provide competitive benefits bundles to global staff members despite the variety of workers in the company. The business can set up medical insurance, short-term and long-lasting special needs, vision, dental and maternity leave while getting rid of the need to source local benefits suppliers in every nation, produce local accounts and have a minimum number of staff members.
The HR capabilities offered by Global HR encompass numerous functions such as keeping an eye on holiday time, guaranteeing compliance, helping with the procedure of inviting new workers and bidding goodbye to departing ones, using a secure online platform for keeping workers' documents, and supplying support for work permit treatments in case your employees require help in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite provides you insights into labor force costs, workforce variety, overall employment costs distributed per area, total employment expenses per cycle and far more.
Worldwide, I have actually demonstrated leadership and tactical proficiency in assisting large-scale populations of over 100,000 employees across 170 countries. Currently, I am responsible for managing payroll methods, as pointed out by Mark. My role includes managing and establishing external collaborations, supporting Enterprise customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments options supplier.
As a global business, we are honored to be included on the distinguished Time 100 list of the most influential companies worldwide. We specialize in providing payroll and labor force management services to workers in more than 160 countries. I am delighted to present Johnny Nash, as pointed out by Mark. Now, I'll let Johnny present himself. Good day to all, regardless of your place. It's a satisfaction to satisfy you and thank you for your important time. As Ian discussed, I am Johnny Nash, the director of payments at our organization. With over a decade of experience in the payments market, I have actually concentrated on payroll and payment options for the past 7 years. The intricacies and challenges of this field have constantly captivated me.
payroll payments and decided to type of make a real go at that over the last 5 or six years where I've kind of had a range of various roles on the service provider side and likewise on the vendor side from a payroll point of view so really eagerly anticipating this discussion today um and yeah thank you very much for your time everybody all right thanks Johnny uh we'll simply provide everybody another number of uh well one of the 30 seconds or two to join all of us work back to back nowadays so we'll type of let them do that so it 'd be quite fascinating and I can see it going on currently just to hear where everyone is um it's nice to to type of like see where everyone originates from and I truly 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 dreary and I wish I was elsewhere at this moment in time all right so let's get going our agenda for today is as follows um we are going to be taking a look at the obstacle years of handling Worldwide payroll why business preserve different
Virtual payroll accounts are an alternative to conventional bank accounts for handling payroll payments. This is especially beneficial for international organizations with dispersed and remote labor forces, as it streamlines the complicated process of cross-border payments. Instead of maintaining different savings account for payroll in various countries, virtual accounts and digital wallets use a more structured service. In this webinar, we will explore the benefits of using virtual payroll accounts and discuss why they are becoming a strategic possession for payroll executives. We will likewise provide a wrap-up of the main points covered and leave time for a Q&A session at the end.
Making sure precise, effective, and timely payroll payments is a complex difficulty for businesses operating internationally. Join us for a webinar to check out the benefits and drawbacks of payroll wallets versus payroll checking account, find out how business anticipate payroll expenses to optimize working capital, and discover how improving global payroll payments can transform them from a difficult job into a strategic possession.
Managing payroll internationally is a complicated job due to numerous guidelines, compliance requirements, data security issues, and banking rules. The sheer number of workers and companies adds to the intricacy, with an estimated 3.5 billion individuals in the worldwide workforce, 500 million of whom remain in Africa, and 230 million organizations worldwide.
Traditional payroll systems typically result in manual procedures, information silos, and an absence of combination, resulting in disparities and inefficiencies. Regardless of residing in an era of technological developments, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed by hand, frequently utilizing pen and paper. This webinar objectives to provide insights and services to streamline and enhance worldwide payroll payments.
about it to provide you a concept of how far there still is to come according to Deloitte only 11 of organizations state they have Labor force data in real time that's another number that provides me sleepless nights and quite frankly the more a business invests in international payroll the less of a picture they see an absence of presence also extends to 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 revealed that they do not have the level of standardization they need in their procedures or want and as a result eighty percent of mistakes are because of time reporting bad HCM information data entry errors inadequately interacted hires and terminations as well as absence management and system setups and then when you round everything off and the data is shipped to the wrong location the typical cost of a global data breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the cash all over the world payroll and payments don't run smoothly if they depend on the needed several processes systems and partners it is simply 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 making payments to workers or otherwise that's a good question I constantly throw this back and state what is it what doesn't need to be included ideal and what does
it need to be thought of there's varying Bank information so the length of an eye band a swift an account number routing code per country there's payment time frames there's payment abilities 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 wherever you look right eventually constructing a knowledge base is definitely critical however everywhere you look with payroll payment they are like extremely payments no if but some children 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 think there's now a bit more acknowledgment that payroll payments are definitely essential and technology is allowing us to type of progress with that it likewise also to add to that payroll and finance need to work closer together um with varying Checking account Particulars differing banking requirements and setup processes is absolutely important that payroll and finance groups work more detailed together than ever um I'm always impressed when people say I've divided 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 often split and cut up um eventually it's payroll is an end-to-end procedure it's the point of information collection all the way through to paying people wherever they are but also paying statutory authorities and on statutory third parties so with the
The modern world puts a high worth on well-being and the settlement landscape is ending up being progressively complex. Services are continuously presenting brand-new benefits and payment options, which adds to the total intricacy. Large corporations often divide their payroll and payment processing into separate groups, which can cause inefficiencies and traffic jams. In my opinion, this doesn't have to hold true. In today's technologically innovative era, there's no reason for maintaining troublesome procedures. Payroll, the company's greatest expenditure, must be processed correctly and on time. Even small hold-ups can negatively affect employees' well-being and have significant consequences. For that reason, it's vital to prioritize precise and timely payments.
The payroll team might not have actually been thanked for correctly processing payroll during a webinar. If anybody has actually been thanked, it would be terrific to hear their success story, whether it's from all workers or not. Payroll is an important cycle, and people just see when things go wrong. However, when things go right, it's viewed as just a regular job. This is how it's viewed externally also. Therefore, it is important to guarantee that tasks like Wi-Fi Worldwide and other important matters are done correctly. Using the very first Worldwide Payments first payroll payment service is an excellent preliminary step towards providing a detailed payroll service for workers worldwide. Standardization, international procedures, and lowering the variety of tools, platforms, and checking account necessary for international payroll are crucial factors in accomplishing business success. While we do not expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a few complaints when things don't go as prepared. Ultimately, we don't do it for the gratitude.
anyway 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 simple as possible for everybody that's involved in those processes and likewise so think of sorry I'm just I was just gon na say imagine the quantity of thanks you got if you might cover the amount of people that we cover within this webinar I make certain we're speaking about numerous thousands possibly Millions think of getting that lots of thank you notes um I indicate it 'd be interesting to see the number of Post-it notes you got but it would definitely be an interesting job attempting to clean all those up for sure oh absolutely I can't think of the size of my my Outlook inbox if that held true um you 'd need days of the week to attempt to check out them and actually see what was going on and type of shot to get back to everybody so carrying on look why do business select to main separate savings account there are companies out there doing exactly this for particular countries and I have actually worked in an organization or lots of businesses doing precisely that I can say it does not constantly feel effective and it does produce more work I know we're not deliberately doing that we're not developing extra work for anyone where we don't need to and anyone that's dealing with that procedure I 'd be interested to hear your ideas Johnny why do you think that we're doing that in in the in the quantity that we are I think lots of factors one is it's the standard I think people have got so used to we require a new savings account we open an entity and rightly so you need it for payroll purposes however there are a variety of markets where it's not a requirement so I believe it's just been the standard and the standard the people have adopted and continue to do over years and years passed by to add to that people have taken a look at things like trust accounts and many other ways um to to sort of do it so I believe there's a range I believe this is a procedure that needs taking a look at it needs altering however eventually people are very stuck with what they recognize
with right um modification is a tough thing we all don't like change um so I believe it's just kind of moving far from the standard as we have actually said so yeah so it keeps a great deal of track of things um I comprehend clearly the benefits of having keeping several checking account but there's a huge quantity of complexity goes with setting up a bank account preserving it ensuring it can send out International transfers guaranteeing it's set up with the best user accesses for individual individuals so the complexity is substantial but I think the honest response is change um people haven't had the ability to change or have not had necessarily the knowledge to truly make that change into alternate Solutions other than opening a savings account I believe you've struck the nail on the head I believe it is knowledge you know and there is an aspect of resistance to alter but we've always done it that way is no real reason for not looking at the the benefits and the possibilities of proceeding and moving into you understand what could practically be figured out to be the next Century or so there is a lot to keep an eye on and this approach does pose a number of obstacles um so Johnny could you tell us about those difficulties yeah obviously so there's a range right there is so
I recently made a modification to our Enterprise system by transitioning to OS. As a result, we can now manage our payroll and payment tasks on one platform. It feels like our CFO has actually gotten another CFO, and with this boosted capability, I have actually successfully secured payments for our 10,000 workers worldwide. Your dedication to mastering international payroll and payments using Papaya payroll OS is commendable. You should have a corner office with a parking space that is better, considering your achievements.
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