Find out more about Papaya Global Webinars ... We now have the capability to handle both our payroll and payments processes on one merged platform. It's as if our Chief Financial Officer has gotten a separate Chief Financial Officer specifically committed to managing payments. This supplies us with a protected and reliable approach of paying to our 10,000 workers worldwide.}
the very best global payroll managment app, saves me hours of time monthly, one single dashboard for my payroll, EOR and specialists
Worker Portal
Staff members 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 multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global assists business provide competitive advantages packages to global workers despite the number of staff members in the company. The business can establish health insurance, short-term and long-lasting special needs, vision, oral and maternity leave while eliminating the requirement to source local advantages service providers in every nation, develop regional accounts and have a minimum number of workers.
Global HR Functionalities
's HR performances consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' documents and migration services if your workers need work permit help.
HR Analytics
Papaya Global's payroll and HR analytics suite gives you insights into workforce spending, labor force diversity, overall work expenses dispersed per place, total employment expenses per cycle and much more.
Globally, I have shown leadership and tactical knowledge in assisting large-scale populations of over 100,000 workers throughout 170 nations. Presently, I are accountable for managing payroll methods, as pointed out by Mark. My role includes managing and developing external partnerships, supporting Enterprise customers, and offering advisory services. Additionally, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions service provider.
business to make the time 100 list for many prominent companies on the planet we supply payroll payments and workforce management to all staff member enters over 160 nations I am pleased to say that we also have as Mark said Johnny Nash with us today Johnny would you like to present yourself obviously thank you good morning great afternoon great evening depending on where you remain in the world it's beautiful to satisfy you and thank you quite for your time as Ian stated my name is Johnny Nash and I'm the payments director here at um I've been in the payments market for over 10 years and particularly dealing with the payroll and payment sector for over 7 years um I was amazed by the intricacy the difficulty in all of the above of
payroll payments and chose to type of make a genuine go at that over the last five or 6 years where I've type of had a variety of various roles on the service provider side and likewise on the vendor side from a payroll point of view so actually eagerly anticipating this conversation today um and yeah thank you very much for your time everybody fine thanks Johnny uh we'll just offer everybody another couple of uh well one of the 30 seconds or so to join all of us work back to back these days so we'll sort of let them do that so it 'd be rather interesting and I can see it going on currently simply to hear where everybody is um it's nice to to type of like see where everyone comes from and I actually do hope it's much sunnier than it is 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 very dreary and I wish I was somewhere else at this moment in time alright so let's start our program for today is as follows um we are going to be taking a look at the difficulty years of handling Global payroll why business keep separate
Virtual payroll accounts are an option to conventional savings account for managing payroll payments. This is particularly helpful for international companies with dispersed and remote labor forces, as it streamlines the complicated process of cross-border payments. Instead of preserving different bank accounts for payroll in different countries, virtual accounts and digital wallets offer a more streamlined service. In this webinar, we will explore the advantages of using virtual payroll accounts and talk about why they are becoming a tactical asset 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 sure accurate, effective, and timely payroll payments is a complex obstacle for companies operating globally. Join us for a webinar to explore the advantages and disadvantages of payroll wallets versus payroll checking account, find out how companies forecast payroll costs to enhance working capital, and find how simplifying global payroll payments can change them from a troublesome task into a tactical property.
Handling payroll worldwide is a complicated task due to numerous policies, compliance requirements, data security concerns, and banking guidelines. The sheer number of staff members and businesses adds to the complexity, with an estimated 3.5 billion individuals in the international labor force, 500 million of whom remain in Africa, and 230 million businesses worldwide.
Standard payroll systems frequently lead to manual procedures, information silos, and a lack of combination, resulting in disparities and inadequacies. Despite residing in a period of technological improvements, payroll management has actually been slow to adapt, with as much as 25% of payroll still processed by hand, often using pen and paper. This webinar objectives to supply insights and services to streamline and optimize global payroll payments.
about it to offer 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 gives me sleepless nights and quite honestly the more a business invests in global payroll the less of a picture they see an absence of presence likewise extends to payroll payments and inability to accurately track these payments can cause compliance incidents in the last mile of the transaction almost half of international companies 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 information entry errors improperly communicated hires and terminations along with absence management and system setups and then when you round everything off and the information is delivered to the incorrect place the typical expense of an international information breach at this moment is 3.9 billion dollars once payrolls are done we still need to move the money around the globe payroll and payments don't run efficiently if they rely on the necessary numerous procedures systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else requires to be factored into the challenges company face when they're making payments to staff members or otherwise that's an excellent concern I always throw this back and say what is it what doesn't require to be consisted of ideal and what does
it require to be thought about there's varying Bank details so the length of an eye band a swift an account number routing code per nation there's payment time frames there's payment abilities so can you pay it from International or do you have to pay from an in-country account do you have to pay from the customer's own in-country account so there's complexity any place you look ideal eventually building a knowledge base is absolutely vital 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 look at the type of link between fintech and payroll it's closer than ever I think there's now a bit more recognition that payroll payments are definitely basic and innovation is permitting us to type of move forward with that it likewise too to contribute to that payroll and financing need to work closer together um with varying Checking account Particulars differing banking requirements and setup processes is absolutely crucial that payroll and finance teams work better together than ever um I'm always impressed when people state 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 profession would they divide the payroll payment from computation I would say no so why do we as an industry 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 information collection all the way through to paying individuals wherever they are but also paying statutory authorities and on statutory 3rd parties so with the
The modern world puts a high value on wellness and the payment landscape is becoming progressively detailed. Businesses are constantly presenting brand-new advantages and payment alternatives, which adds to the general complexity. Large corporations typically divide their payroll and payment processing into different groups, which can result in ineffectiveness and traffic jams. In my opinion, this doesn't need to hold true. In today's technologically sophisticated period, there's no validation for maintaining troublesome treatments. Payroll, the company's most significant expenditure, should be processed correctly and on time. Even slight delays can adversely affect workers' well-being and have significant repercussions. For that reason, it's vital to focus on precise and prompt payments.
The payroll group might not have been thanked for properly processing payroll during a webinar. If anybody has been thanked, it would be excellent to hear their success story, whether it's from all staff members or not. Payroll is an important cycle, and people only discover when things fail. However, when things go right, it's viewed as just a routine job. This is how it's viewed externally also. Therefore, it is necessary to guarantee that jobs like Wi-Fi Worldwide and other essential matters are done properly. Using the first Worldwide Payments first payroll payment option is a fantastic preliminary action towards providing an extensive payroll service for staff members worldwide. Standardization, global procedures, and lowering the number of tools, platforms, and checking account needed for worldwide payroll are crucial consider attaining organization success. While we don't expect a hundred thousand thank yous within a payroll cycle, we do occasionally get a couple of grievances when things do not go as planned. Eventually, we don't do it for the gratitude.
anyhow we know how how important a function 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 processes and likewise so think of sorry I'm simply I was simply gon na say picture the amount of thanks you got if you might cover the quantity of individuals that we cover within this webinar I make sure we're discussing numerous thousands potentially Millions think of getting that many thank you notes um I mean it 'd be interesting to see how many Post-it notes you got but it would absolutely be a fascinating task attempting to clean all those up for sure oh absolutely I can't picture the size of my my Outlook inbox if that was the case um you 'd require days of the week to attempt to check out them and actually see what was going on and kind of try to return to everybody so proceeding appearance why do companies choose to primary different savings account there are organizations out there doing precisely this for particular nations and I've worked in a business or numerous organizations doing exactly that I can state it doesn't constantly feel effective and it does produce more work I understand we're not intentionally doing that we're not creating extra work for anybody where we do not need to and anybody 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 think numerous reasons one is it's the standard I think people have got so utilized to we need a new savings account we open an entity and appropriately so you require it for payroll purposes however there are a number of markets where it's not a requirement so I think it's just been the standard and the standard individuals have actually adopted and continue to do over years and years passed by to add to that individuals have actually 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 but ultimately individuals are very stuck to what they're familiar
with right um modification is a tough thing we all do not like modification um so I think it's simply kind of moving away from the standard as we have actually said so yeah so it keeps a great deal of track of stuff um I understand undoubtedly the advantages of having preserving numerous savings account however there's a big amount of intricacy goes with establishing a savings account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for specific individuals so the intricacy is huge but I think the honest response is change um people haven't had the ability to change or have not had always the knowledge to actually make that change into alternate Solutions besides opening a bank account I think you have actually struck the nail on the head I think it is knowledge you understand and there is a component of resistance to change however we've always 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 practically be figured out to be the next Century or two there is a lot to monitor and this technique does position several obstacles um so Johnny could you inform us about those challenges yeah naturally so there's a range right there is so
I just recently made a change to our Business 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 gotten another CFO, and with this enhanced ability, I have actually successfully secured payments for our 10,000 workers worldwide. Your dedication to mastering worldwide payroll and payments using Papaya payroll OS is commendable. You deserve a corner office with a parking space that is better, considering your accomplishments.
Papaya Global Bangalore Office Location