Find out more about Papaya Global Helpline Telephone Number ... 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 gotten a separate Chief Financial Officer particularly committed to handling payments. This offers us with a secure and dependable technique of making payments to our 10,000 workers worldwide.}
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Worker Portal
Staff members have access to an Employee Portal where they can see their pay slips, wage and tax statements and work files. The portal is available in multiple languages and can be accessed on a desktop or mobile device.
Benefits Administration
Papaya Global helps business provide competitive benefits packages to worldwide staff members despite the variety of staff members in the company. The business can set up medical insurance, short-term and long-term special needs, vision, oral and maternity leave while eliminating the need to source local benefits companies in every nation, produce 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 workers' files and migration services if your staff members require work permit assistance.
HR Analytics
Papaya Global's payroll and HR analytics suite offers you insights into labor force spending, labor force variety, total work expenses dispersed per location, overall employment costs per cycle and a lot more.
Internationally, I have actually demonstrated management and tactical knowledge in directing massive populations of over 100,000 employees across 170 nations. Currently, I am responsible for overseeing payroll methods, as mentioned by Mark. My role includes handling and establishing external partnerships, supporting Business customers, and offering advisory services. Furthermore, I am proud to be a part of Papaya Global, a pioneering payroll and payments solutions company.
As a global business, we are honored to be consisted of on the prominent Time 100 list of the most influential business worldwide. We concentrate on providing payroll and workforce management services to workers in more than 160 nations. I am delighted to present Johnny Nash, as mentioned by Mark. Now, I'll let Johnny present himself. Good day to all, despite your place. It's an enjoyment to satisfy you and thank you for your valuable time. As Ian pointed out, I am Johnny Nash, the director of payments at our company. With over a decade of experience in the payments market, I have concentrated on payroll and payment options for the past 7 years. The intricacies and difficulties of this field have always mesmerized me.
payroll payments and decided to sort of make a real go at that over the last 5 or six years where I have actually sort of had a range of different functions on the company side and also on the vendor side from a payroll perspective so really looking forward to this conversation today um and yeah thank you quite for your time everyone okay thanks Johnny uh we'll simply provide 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 type of let them do that so it 'd be rather intriguing 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 really 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 very very gloomy and I wish I was elsewhere at this moment in time okay so let's start our agenda for today is as follows um we are going to be taking a look at the difficulty years of handling International payroll why business keep separate
savings account payroll virtual wallets versus payroll checking account payroll payroll uh sorry papaya payroll payments anticipating payroll costs utilizing virtual payroll accounts improving papaya Worldwide payroll payments as a strategic possession uh we'll likewise go over a recap and that ought to leave his time at the extremely extremely end for a q a session so as the title of the webinar recommends payroll officers on moving to Virtual payroll accounts and here is why as dispersed to remote and Global labor forces end up being increasingly more common and handling them ends up being a growing number of complicated Worldwide companies are wanting to find Solutions and brand-new methods to streamline procedures especially from a payroll and cross-border payment viewpoint numerous companies preserve separate checking account just for payroll while some have multiple accounts in various nations does it make sense for companies to maintain separate bank accounts often in different countries it does but just for payroll exists a better way what function do virtual accounts and digital wallets likewise known as virtual wallets play in assisting international companies enhance the episode complex procedures of
Ensuring accurate, efficient, and timely payroll payments is a complex difficulty for businesses operating internationally. Join us for a webinar to explore the advantages and drawbacks of payroll wallets versus payroll savings account, learn 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 property.
Handling payroll internationally is a complicated task due to numerous regulations, compliance requirements, data security concerns, and banking rules. The large number of workers and companies adds to the complexity, with an approximated 3.5 billion individuals in the global workforce, 500 countless whom remain in Africa, and 230 million services worldwide.
Conventional payroll systems frequently lead to manual processes, information silos, and a lack of integration, causing disparities and ineffectiveness. Regardless of residing in a period of technological developments, payroll management has actually been sluggish to adapt, with as much as 25% of payroll still processed by hand, typically utilizing pen and paper. This webinar aims to provide insights and services to streamline and enhance global payroll payments.
about it to offer you a concept of how far there still is to come according to Deloitte just 11 of companies say they have Workforce data in real time that's another number that provides me sleep deprived nights and rather honestly the more an organization invests in worldwide payroll the less of a picture they see a lack of exposure likewise extends to payroll payments and inability to accurately track these payments can cause compliance incidents in the last mile of the deal almost half of international businesses have 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 because of time reporting poor HCM data information entry errors badly communicated hires and terminations in addition to absence management and system setups and then when you round it all off and the information is shipped to the incorrect location the average expense of a worldwide information breach at this moment is 3.9 billion dollars when payrolls are done we still require to move the money all over the world payroll and payments do not run smoothly if they count on the essential 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 business face when they're making payments to employees or otherwise that's a good question I constantly toss this back and state what is it what does not need to be consisted of best and what does
it need 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 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 complexity any place you look best ultimately developing a knowledge base is definitely vital however everywhere you look with payroll payment they are like incredibly payments no if but some babies about it you are all superheroes processing payments for payroll if you take a look at the type of link between fintech and payroll it's closer than ever I think there's now a bit more acknowledgment that payroll payments are definitely basic and innovation is allowing us to type of progress with that it likewise also to contribute to that payroll and financing need to work closer together um with differing Savings account Details varying banking requirements and setup procedures is definitely imperative that payroll and financing teams work better together than ever um I'm constantly amazed when people say I have actually divided payroll and payment um if you walk down the street and asked anybody what is payroll who does not operate in the payroll occupation would they split the payroll payment from computation 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 ultimately 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 however also paying statutory authorities and on statutory 3rd parties so with the
world we reside in and wellness being a growing number of important to contribute to kind of the level of intricacy there's increasingly more advantages being organ or being used by businesses throughout the world so again you're simply looking to add more and more payments to this currently complex landscape so if you sort of got any experience well I'm from your vast experience here and I'm sure but have you got any experience in kind of genuine difficulties or real difficult kind of pay uses to play to pay individuals I think yeah I mean over the last well yeah a couple of years I would definitely say that the larger 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 in fact handling the payment side of things however you know in in my opinion and my experience that doesn't always require to be the case you know long gone are the times where we need to produce additional handoffs in the processes that we run in they just make them more timely they make them less effective and they don't make them what they need to be in in an age of tech and an age that you know that we are working in today there is no reason we are still making this as tough as it requires to be concurred and rightly as you said payroll is the single most significant liability that any service has from a cost perspective from an impact viewpoint on employees it is definitely vital that it's done correctly and on time so what we suggest by that is not a day before not a day after on pay day and payments have to be done right it has the greatest destructive result on people's wellness and lots of other factors if individuals aren't paid uh I have actually always been amazed coming into this Market type of the last 5 to 10 years is how little thanks the
payroll group get um so I'm not exactly sure anybody on this sort of webinar has been informed thank you for processing my payroll correctly if you have it 'd be great to hear your success story and whether that's been from all employees or not um however ultimately payroll is such a crucial cycle we all become aware of it when it goes wrong everybody jumps up and down when it fails but when it goes right it's just a tick box exercise and I think that's how it's seen from the external view as well um so yeah it's also like why WI-Fi Global why all of this stuff is absolutely important that all of this things is done properly so leveraging the first International Payments very first payroll payment solution is a great initial step um providing an end-to-end payroll service for your staff members worldwide once again I think is another big um process once again lining up and guaranteeing you have standardization Worldwide processes all of those things are definitely essential to success success of businesses and reducing the variety of tools platforms and savings account they require for their Global payroll too couldn't agree with you more and on the the front in regards to of the thank yous for getting payroll done I have actually never had a hundred thousand of them within a payroll cycle don't anticipate to you do get the odd 5 or 10 or whatever it might be with the with the the grievances where things have not gone rather where they're suggested to be um I don't believe any of us are actually doing that for for the thanks
anyway 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 easy as possible for everybody that's involved in those procedures and also so picture sorry I'm just I was simply gon na state 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 hundreds of thousands potentially Millions envision getting that many thank you keeps in mind um I indicate it 'd be interesting to see the number of Post-it notes you got however it would absolutely be a fascinating job attempting to clean all those up for sure oh definitely I can't imagine the size of my my Outlook inbox if that held true um you 'd require days of the week to attempt to browse them and actually see what was going on and kind of try to return to everybody so carrying on appearance why do business choose to main separate bank accounts there are organizations out there doing precisely this for specific nations and I've operated in an organization or many businesses doing precisely that I can say it does not constantly feel efficient and it does create more work I know we're not deliberately doing that we're not creating additional work for any person where we do not have to and anybody that's managing 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 believe many reasons one is it's the requirement I think individuals have actually got so used to we require a brand-new bank account we open an entity and rightly so you need it for payroll functions however there are a variety of markets where it's not a requirement so I think it's just been the requirement and the norm individuals have actually embraced and continue to do over years and years gone past to contribute to that people have taken a look at things like trust accounts and many other methods um to to type of do it so I think there's a variety I believe this is a process that requires looking at it needs altering however ultimately people are extremely stuck to what they recognize
with best um modification is a difficult thing we all don't like change um so I think it's simply sort of moving far from the standard as we've said so yeah so it keeps a lot of track of stuff um I comprehend certainly the benefits of having preserving several checking account however there's a huge amount of intricacy opts for setting up a bank account preserving it guaranteeing it can send International transfers guaranteeing it's set up with the right user accesses for individual individuals so the complexity is substantial however I think the truthful response is modification um individuals haven't been able to alter or have not had necessarily the understanding to truly make that change into alternate Solutions aside from opening a bank account I believe you've hit the nail on the head I think it is knowledge you know and there is a component of resistance to alter but we've always done it that way is no genuine excuse for not looking at the the benefits and the possibilities of proceeding and moving into you know what could almost be identified to be the next Century or two there is a lot to keep an eye on and this technique does present a number of challenges um so Johnny could you inform us about those obstacles yeah of course so there's a variety 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 jobs on one platform. It seems like our CFO has gotten another CFO, and with this enhanced capability, I have successfully secured payments for our 10,000 employees worldwide. Your commitment to mastering international payroll and payments using Papaya payroll OS is commendable. You should have a corner workplace with a parking space that is closer, considering your accomplishments.
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