Find out more about Papaya Global Helpline Phone Number ... 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 actually gotten a different Chief Financial Officer particularly committed to managing payments. This provides us with a safe and secure and reputable approach of paying to our 10,000 workers worldwide.}
The advanced global payroll management app simplifies my payroll process, saving me a substantial amount of time monthly. With its user-friendly user interface, I have access to a single control panel that efficiently manages my payroll, EOR, and contractors.
Staff member Website
Staff members have access to an Employee Website where they can see their pay slips, wage and tax declarations and employment files. The portal is offered in numerous languages and can be accessed on a desktop or mobile phone.
Advantages Administration
Papaya Global assists companies provide competitive benefits plans to global employees despite the variety of workers in the business. The company can establish health insurance, short-term and long-term disability, vision, dental and maternity leave while getting rid of the requirement to source local benefits suppliers in every nation, develop regional accounts and have a minimum number of employees.
Global HR Functionalities
's HR functionalities consist of PTO tracking, compliance, onboarding/offboarding tools, online storage for workers' files 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 labor force spending, workforce diversity, overall work expenses dispersed per area, overall employment expenses per cycle and much more.
Internationally, I have demonstrated management and strategic knowledge in guiding massive populations of over 100,000 employees throughout 170 countries. Currently, I am responsible for supervising payroll techniques, as discussed by Mark. My function involves managing and developing external partnerships, supporting Business clients, and providing advisory services. In addition, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions service provider.
As an international company, we are honored to be consisted of on the distinguished Time 100 list of the most prominent companies worldwide. We specialize in providing payroll and labor force management services to workers in more than 160 nations. I am delighted to introduce Johnny Nash, as mentioned by Mark. Now, I'll let Johnny introduce himself. Good day to all, despite your area. It's a satisfaction to meet you and thank you for your valuable time. As Ian mentioned, I am Johnny Nash, the director of payments at our company. With over a years of experience in the payments market, I have actually concentrated on payroll and payment solutions for the past 7 years. The intricacies and challenges of this field have constantly captivated me.
payroll payments and chose to kind of make a real go at that over the last five or 6 years where I have actually kind of had a variety of various functions on the company side and likewise on the vendor side from a payroll point of view so really anticipating this conversation today um and yeah thank you quite for your time everyone fine thanks Johnny uh we'll just provide everyone another couple of uh well one of the 30 seconds approximately to join we all work back to back nowadays so we'll sort of let them do that so it 'd be rather intriguing and I can see it going on already simply 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 is in the UK today definitely not the peak of the sunshine is it it's not no it's it's drizzling here it's really very gloomy and I wish I was elsewhere at this moment in time okay 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 companies keep separate
Virtual payroll accounts are an alternative to conventional checking account for handling payroll payments. This is especially beneficial for global companies with dispersed and remote workforces, as it streamlines the complex process of cross-border payments. Instead of maintaining different checking account for payroll in various nations, virtual accounts and digital wallets provide a more structured solution. In this webinar, we will check out the benefits of using virtual payroll accounts and go over why they are becoming a tactical property for payroll executives. We will likewise offer a recap of the bottom lines covered and leave time for a Q&A session at the end.
Guaranteeing accurate, efficient, and prompt payroll payments is a complex difficulty for organizations operating globally. Join us for a webinar to explore the benefits and downsides of payroll wallets versus payroll checking account, discover how business forecast payroll costs to enhance working capital, and find how simplifying worldwide payroll payments can transform them from a burdensome job into a tactical asset.
Handling payroll globally is a challenging task due to various regulations, compliance requirements, information security concerns, and banking guidelines. The large variety of workers and businesses adds to the intricacy, with an estimated 3.5 billion people in the global labor force, 500 million of whom are in Africa, and 230 million organizations worldwide.
Conventional payroll systems frequently result in manual procedures, information silos, and an absence of integration, resulting in inconsistencies and ineffectiveness. Regardless of residing in an era of technological developments, payroll management has actually been sluggish to adjust, with as much as 25% of payroll still processed manually, often using pen and paper. This webinar objectives to supply insights and services to streamline and enhance global payroll payments.
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 information in real time that's another number that offers me sleep deprived nights and quite frankly the more an organization spends on worldwide payroll the less of an image they see a lack of visibility likewise reaches payroll payments and failure to precisely track these payments can lead to compliance accidents in the last mile of the transaction almost half of international services have actually expressed that they don't have the level of standardization they need in their procedures or desire and as a result eighty percent of mistakes are because of time reporting poor HCM information information entry errors poorly communicated hires and terminations as well as absence management and system setups and after that when you round it all off and the data is delivered to the incorrect place the average expense of a global data breach at this moment is 3.9 billion dollars as soon as payrolls are done we still need to move the cash all over the world payroll and payments do not run efficiently if they count on the needed numerous processes systems and partners it is just not possible so Johnny from a payments perspective and in your experience what else needs to be factored into the difficulties service face when they're paying to workers or otherwise that's an excellent concern I constantly throw this back and say what is it what does not need to be consisted of ideal and what does
it need to be thought of there's varying Bank details 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 have to pay from the customer's own in-country account so there's intricacy anywhere you look best eventually constructing a knowledge base is definitely critical but all over you look with payroll payment they are like extremely payments no if however 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 believe there's now a bit more acknowledgment that payroll payments are definitely essential and innovation is permitting us to kind of move on with that it also as well to add to that payroll and finance need to work closer together um with differing Checking account Details varying banking requirements and setup procedures is definitely important that payroll and finance teams work better 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 anybody what is payroll who doesn't work in the payroll occupation would they split the payroll payment from computation I would say no so why do we as an industry accept that why our payroll and payments so frequently split and cut up um ultimately it's payroll is an end-to-end process 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
The modern-day world places a high value on well-being and the settlement landscape is becoming progressively intricate. Companies are continuously presenting new advantages and payment options, which contributes to the overall complexity. Large corporations frequently divide their payroll and payment processing into different teams, which can lead to inadequacies and traffic jams. In my viewpoint, this does not need to hold true. In today's technologically advanced age, there's no validation for maintaining cumbersome procedures. Payroll, the business's most significant expense, should be processed correctly and on time. Even slight hold-ups can adversely affect staff members' well-being and have far-reaching repercussions. For that reason, it's vital to prioritize accurate and prompt payments.
payroll group get um so I'm not exactly sure anyone on this sort of webinar has been told thank you for processing my payroll correctly if you have it 'd be excellent to hear your success story and whether that's been from all staff members or not um however ultimately payroll is such an essential cycle we all find out about it when it goes wrong everybody jumps up and down when it fails however when it goes right it's simply a tick box workout and I think that's how it's seen from the external deem well um so yeah it's also like why WI-Fi Global why all of this stuff is definitely crucial that all of this stuff is done correctly so leveraging the very first International Payments very first payroll payment option is a great primary step um supplying an end-to-end payroll service for your employees internationally again I believe is another big um process once again lining up and guaranteeing you have standardization International procedures all of those things are definitely crucial to success success of companies and minimizing the number of tools platforms and savings account they require for their Global payroll too could not agree with you more and on the the front in regards to of the thank yous for getting payroll done I've never had a hundred thousand of them within a payroll cycle don't anticipate to you do get the odd five or 10 or whatever it might be with the with the the complaints where things have not gone quite where they're suggested to be um I do not think any of us are really doing that for for the thanks
anyway we know how how crucial 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 associated with those procedures and likewise so picture sorry I'm simply I was just gon na say envision the quantity of thanks you got if you could cover the quantity of individuals that we cover within this webinar I'm sure we're talking about hundreds of thousands potentially Millions envision getting that lots of thank you keeps in mind um I suggest it 'd be interesting to see the number of Post-it notes you got but it would absolutely be an interesting job attempting to clean all those up for sure oh definitely I can't think of the size of my my Outlook inbox if that was the case um you 'd need days of the week to attempt to check out them and actually see what was going on and kind of shot to get back to everybody so proceeding appearance why do business choose to primary separate savings account there are services out there doing exactly this for specific nations and I've operated in a service or numerous businesses doing exactly that I can say it doesn't always feel effective and it does create more work I know we're not intentionally doing that we're not developing extra work for any person where we do not need to and anybody that's managing that procedure I 'd be interested to hear your thoughts Johnny why do you think that we're doing that in in the in the amount that we are I think numerous factors one is it's the requirement I believe individuals have actually got so used to we need a new bank account we open an entity and appropriately so you need it for payroll purposes however there are a variety of markets where it's not a requirement so I think it's just been the standard and the norm the people have embraced and continue to do over years and years gone past to contribute to that people have actually taken a look at things like trust accounts and lots of other methods um to to kind of do it so I think there's a range I think this is a procedure that requires looking at it requires changing but eventually people are really stuck with what they're familiar
with right um change is a difficult thing all of us don't like modification um so I believe it's just kind of moving away from the norm as we have actually said so yeah so it keeps a great deal of track of stuff um I understand certainly the benefits of having preserving numerous bank accounts however there's a substantial quantity of intricacy goes with establishing a bank account keeping it ensuring it can send International transfers guaranteeing it's established with the right user accesses for individual individuals so the complexity is huge however I think the truthful answer is modification um individuals haven't been able to change or have not had necessarily the knowledge to really make that change into alternate Solutions aside from opening a bank account I believe you have actually struck the nail on the head I believe it is knowledge you know and there is an element of resistance to alter but we have actually constantly done it that way is no real excuse for not looking at the the benefits and the possibilities of carrying on and moving into you understand what could practically be figured out to be the next Century approximately there is a lot to track and this technique does present numerous challenges um so Johnny could you tell us about those challenges yeah of course so there's a variety right there is so
I just did you switched our Business 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 are worthy of a corner office with a better parking space because I mastered Global payroll and payments with Papaya payroll OS did you
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