Find out more about Where Is Papaya Global Located ... We now have the ability to handle both our payroll and payments procedures on one unified platform. It's as if our Chief Financial Officer has obtained a separate Chief Financial Officer particularly devoted to managing payments. This provides us with a safe and secure and trustworthy approach of paying to our 10,000 staff members worldwide.}
the BEST international payroll managment app, conserves me hours of time each month, one single control panel for my payroll, EOR and specialists
Employee Portal
Employees have access to a Worker Website where they can see their pay slips, wage and tax declarations and work documents. The website is offered in multiple languages and can be accessed on a desktop or mobile device.
Advantages Administration
Papaya Global helps business use competitive advantages packages to international employees despite the variety of staff members in the company. The company can set up medical insurance, short-term and long-lasting disability, vision, oral and maternity leave while eliminating the requirement to source local advantages suppliers in every nation, develop local accounts and have a minimum number of employees.
The HR abilities supplied by International HR incorporate various functions such as keeping an eye on holiday time, making sure compliance, assisting in the process of welcoming new workers and bidding goodbye to leaving ones, using a protected online platform for keeping employees' files, and offering assistance for work permit treatments in case your workers require assistance in that area.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, workforce variety, total employment expenses dispersed per place, total work expenses per cycle and much more.
Globally, I have actually demonstrated management and tactical competence in directing large-scale populations of over 100,000 workers across 170 nations. Presently, I am responsible for supervising payroll strategies, as pointed out by Mark. My role involves handling 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 provider.
As an international business, we are honored to be consisted of on the prominent Time 100 list of the most influential companies worldwide. We specialize in providing payroll and labor force management services to staff members in more than 160 nations. I am delighted to present Johnny Nash, as discussed by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your area. It's an enjoyment to fulfill you and thank you for your important time. As Ian mentioned, I am Johnny Nash, the director of payments at our organization. With over a years of experience in the payments industry, I have actually concentrated on payroll and payment solutions for the past seven years. The intricacies and obstacles of this field have constantly mesmerized me.
payroll payments and decided to type of make a genuine go at that over the last five or six years where I've type of had a range of different roles on the service provider side and likewise on the vendor side from a payroll perspective so really anticipating this conversation today um and yeah thank you quite for your time everybody fine thanks Johnny uh we'll just provide everyone another number of uh well among the 30 seconds or so to join we all work back to back nowadays so we'll kind of let them do that so it 'd be rather 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 comes from and I truly do hope it's much sunnier than it remains in the UK today certainly not the peak of the sunlight is it it's not no it's it's raining here it's extremely extremely dreary and I wish I was elsewhere at this moment in time okay 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 managing Worldwide payroll why companies keep different
Virtual payroll accounts are an option to traditional bank accounts for handling payroll payments. This is especially helpful for worldwide companies with dispersed and remote workforces, as it simplifies the complex process of cross-border payments. Instead of maintaining different bank accounts for payroll in various nations, virtual accounts and digital wallets offer a more streamlined option. In this webinar, we will check out the benefits of using virtual payroll accounts and talk about why they are ending up being a tactical property for payroll executives. We will likewise supply a recap of the main points covered and leave time for a Q&A session at the end.
Ensuring precise, efficient, and prompt payroll payments is a complex difficulty for services operating globally. Join us for a webinar to check out the benefits and downsides of payroll wallets versus payroll bank accounts, discover how business anticipate payroll expenses to optimize working capital, and discover how streamlining international payroll payments can transform them from a challenging task into a tactical possession.
Managing payroll worldwide is a daunting task due to different regulations, compliance requirements, data security issues, and banking rules. The sheer number of workers and services adds to the intricacy, with an estimated 3.5 billion individuals in the worldwide workforce, 500 countless whom remain in Africa, and 230 million organizations worldwide.
Conventional payroll systems often result in manual procedures, data silos, and a lack of combination, causing disparities and inefficiencies. Regardless of residing in an era of technological advancements, payroll management has been sluggish to adapt, with as much as 25% of payroll still processed by hand, frequently using pen and paper. This webinar goals to offer insights and solutions to streamline and optimize worldwide payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of businesses say they have Labor force information in real time that's another number that offers me sleep deprived nights and rather frankly the more a company spends on global payroll the less of an image they see a lack of exposure likewise reaches payroll payments and inability to accurately track these payments can cause compliance mishaps in the last mile of the transaction almost half of global organizations have actually revealed that they don't have the level of standardization they need in their procedures or desire and as a result eighty percent of errors are due to time reporting poor HCM data information entry mistakes improperly interacted hires and terminations as well as absence management and system configurations and after that when you round everything off and the information is shipped to the wrong location the average expense of a global 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 do not run smoothly if they depend on the required several procedures systems and partners it is simply not possible so Johnny from a payments point of view and in your experience what else requires to be factored into the difficulties service face when they're making payments to workers or otherwise that's a great question I always toss this back and say what is it what doesn't need to be consisted of best and what does
it need to be considered there's varying 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 anywhere you look ideal ultimately building a knowledge base is definitely important but all over 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 take a look at the type 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 basic and technology is permitting us to sort of progress with that it likewise too to add to that payroll and finance require to work closer together um with differing Savings account Particulars differing banking requirements and setup processes is absolutely important that payroll and financing groups work closer together than ever um I'm always impressed when people state I've split payroll and payment um if you stroll down the street and asked anyone what is payroll who does not 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 frequently 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 any place they are but also paying statutory authorities and on statutory 3rd parties so with the
world we live in and well-being being more and more essential to contribute to sort of the level of complexity there's increasingly more benefits being organ or being offered by companies across the world so once again you're just seeking to include a growing number of payments to this currently intricate landscape so if you type of got any experience well I'm from your huge experience here and I make sure however have you got any experience in kind of real difficulties or real difficult kind of pay uses to play to pay individuals I think yeah I imply over the last well yeah a number of decades I would definitely say that the bigger a service gets the more it tends to segregate the payroll and the payments operates um there are teams doing one part of the task there are teams feeding details into the next function as it were that's actually managing the payment side of things but you understand in in my opinion and my experience that does not necessarily require to be the case you know long gone are the times where we need to produce additional handoffs in the processes that we operate in they simply make them more timely they make them less efficient and they don't make them what they need to be in in an age of tech and a period that you know that we are operating in today there is no reason we are still making this as tough as it requires to be agreed and appropriately as you said payroll is the single greatest liability that any business has from a cost point of view from an effect point of view on staff members it is definitely 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 detrimental impact on people's well-being and numerous other factors if individuals aren't paid uh I've constantly been astonished coming into this Market kind of the last five to ten years is how little thanks the
The payroll team may 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 employees or not. Payroll is an important cycle, and individuals just discover when things go wrong. However, when things go right, it's seen as simply a routine job. This is how it's viewed externally too. Therefore, it is essential to ensure that jobs like Wi-Fi International and other important matters are done correctly. Using the first Worldwide Payments very first payroll payment service is a great initial action towards offering a comprehensive payroll option for workers worldwide. Standardization, international procedures, and lowering the variety of tools, platforms, and bank accounts necessary for international payroll are crucial factors in attaining service success. While we don't anticipate a hundred thousand thank yous within a payroll cycle, we do periodically receive a couple of problems when things do not go as planned. Eventually, we don't do it for the appreciation.
anyhow we understand how how essential 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 everybody that's involved in those procedures and also so imagine sorry I'm just I was just gon na state envision the amount of thanks you got if you could cover the amount of individuals that we cover within this webinar I make certain we're talking about hundreds of thousands potentially Millions think of getting that many thank you notes um I mean it 'd be interesting to see the number of Post-it notes you got but it would definitely be an interesting task trying to clean up all those up for sure oh absolutely I can't envision the size of my my Outlook inbox if that was the case um you 'd need days of the week to try to browse them and really see what was going on and kind of shot to get back to everybody so carrying on look why do business pick to primary different checking account there are businesses out there doing exactly this for particular countries and I have actually worked in a company or many companies doing precisely that I can state it does not always feel efficient and it does develop more work I understand we're not deliberately doing that we're not creating extra work for anyone where we don't need to and anyone that's dealing with that process 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 lots of factors one is it's the standard I believe people have actually got so utilized to we need a new bank account we open an entity and rightly so you require it for payroll functions however there are a variety of markets where it's not a requirement so I believe it's simply been the standard and the norm the people have embraced and continue to do over years and years passed by to contribute 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 variety I think this is a process that needs taking a look at it requires changing but eventually individuals are extremely stuck with what they recognize
with right um change is a hard thing we all don't like change um so I think it's just sort of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of things um I comprehend obviously the benefits of having keeping numerous bank accounts however there's a huge amount of intricacy chooses establishing a bank account maintaining it ensuring it can send International transfers ensuring it's set up with the ideal user accesses for private people so the complexity is big however I believe the honest response is modification um people haven't had the ability to change or have not had necessarily the knowledge to really make that change into alternate Solutions besides opening a bank account I believe you've hit the nail on the head I believe it is understanding you know and there is an aspect of resistance to alter but we've constantly done it that way is no genuine excuse for not looking at the the benefits and the possibilities of carrying on and moving into you know what might almost be determined to be the next Century or two there is a lot to track and this technique does present a number of obstacles um so Johnny could you tell us about those obstacles yeah naturally so there's a variety right there is so
I just did you changed our Enterprise to OS so now we can do our payroll and payments operation on a single platform yes it resembles our CFO got a CFO for their CFO and now that I bulletproof payments to our 10 000 International workers you deserve a corner workplace with a closer parking space since I mastered Worldwide payroll and payments with Papaya payroll OS did you
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